Critical Metals Corp signs rare earth refining agreement with Saudi partner for Greenland project
Critical Metals Corp reached a non-binding agreement with a Saudi partner to refine rare earths from its Greenland mine for use in the United States defense sector.
Insights:
Critical Metals Corp , a New York-based company, announced on January 15, 2026, that it has signed a non-binding term sheet with the Saudi Arabian 
SAcompany Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers. The agreement outlines a joint venture intended to refine 25 percent of the rare earth output from the planned Tanbreez mine in Greenland 
GL. This announcement comes as the United States 
USgovernment intensifies its focus on securing critical minerals for national security, specifically for materials that would need to be turned into magnets that could be used for military purposes.
SAcompany Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers. The agreement outlines a joint venture intended to refine 25 percent of the rare earth output from the planned Tanbreez mine in Greenland GL. This announcement comes as the United States USgovernment intensifies its focus on securing critical minerals for national security, specifically for materials that would need to be turned into magnets that could be used for military purposes.The timing of the agreement coincides with a period of high-level diplomatic activity involving Greenland, which is technically part of Denmark 
DK. Just yesterday, the foreign minister of Denmarkand their counterpart from Greenlandmet with the United StatesSecretary of State Marco Rubio marco rubioat the White House. That discussion centered on the strategic location of the island and its vast minerals. This geopolitical context is underscored by the interest of President Donald Trump donald trump, who has been increasingly vocal about desires for the United Statesto take control of Greenlandfor national security reasons.
DK. Just yesterday, the foreign minister of Denmarkand their counterpart from Greenlandmet with the United StatesSecretary of State Marco Rubio marco rubioat the White House. That discussion centered on the strategic location of the island and its vast minerals. This geopolitical context is underscored by the interest of President Donald Trump donald trump, who has been increasingly vocal about desires for the United Statesto take control of Greenlandfor national security reasons.
