Critical Metals gains on Romania joint venture announcement

Shares of mining company Critical Metals CRML.O up 4.6% at $10 in premarket trading

Executes term-sheet to form a 50-50 joint venture with Romania's state-owned Fabrica de Prelucrare a Concentratelor de Uraniu S.R.L. (FPCU)

Company will supply 50% of the Greenland-based Tanbreez Project's premium rare earth concentrates to the Romanian JV for the full life of mine

Facility's final product line will include aerospace and military-grade magnets

Following agreements UCore Rare Metals UCU.V and REalloys agreements, this 50% allocation brings CRML to a total of 75% of Tanbreez's rare earth concentrate secured under long-term agreements with allied nations

Up to last close, stock up 43.59% YTD