BRIEF-Critical Metals Corp. Nasdaq-Crml Executes A Term Sheet For A 50/50 Joint Venture For Up-To $1,500,000,000 USD Rare Earth Processing Facility With A Leading Saudi Arabian Industrial Conglomerate, Establishing A Strategic Partnership From Mine-To-Processing Supply Chain For The Defense Industry Of The United States In Partnership With The Kingdom Of Saudi Arabia & Provides Crml Another Long-Term Offtake Partner For 25% Of The Tanbreez Rare Earth ProductionJan 15 (Reuters) - Critical Metals Corp CRML.O:
CRITICAL METALS CORP. NASDAQ-CRML EXECUTES A TERM SHEET FOR A 50/50 JOINT VENTURE FOR UP-TO $1,500,000,000 USD RARE EARTH PROCESSING FACILITY WITH A LEADING SAUDI ARABIAN INDUSTRIAL CONGLOMERATE, ESTABLISHING A STRATEGIC PARTNERSHIP FROM MINE-TO-PROCESSING SUPPLY CHAIN FOR THE DEFENSE INDUSTRY OF THE UNITED STATES IN PARTNERSHIP WITH THE KINGDOM OF SAUDI ARABIA & PROVIDES CRML ANOTHER LONG-TERM OFFTAKE PARTNER FOR 25% OF THE TANBREEZ RARE EARTH PRODUCTION
CRITICAL METALS CORP - RETAINS 50% OWNERSHIP WITHOUT ISSUING EQUITY OR DEBT IN CONNECTION WITH JV
Source text: ID:nGNX42jNj1
Further company coverage: CRML.O
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