Article

Critical Metals Corp. has formed a 50/50 joint venture with Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers Company to establish a $1.5 billion rare earth processing facility in Saudi Arabia. Critical Metals will provide 25% of its Tanbreez Project's rare earth concentrate to the facility, which will produce separated rare earth oxides and metals for aerospace and defense, with all products destined for the U.S. This partnership aims to enhance global rare earth processing capacity and reduce dependence on China.