The non-binding term sheet with Critical Metals Corp. aims to evaluate the establishment of a 50-50 joint venture with a view to potentially commissioning a state-of-the-art rare earth processing facility at FPCU Feldioara.
FPCU Feldioara and CRML will collaborate in the coming months, based on the provisions of the term sheet, to evaluate the technical and commercial basis for establishing a JVCo, the vehicle for the development and potential construction of a state-of-the-art rare metals processing plant in Romania.
Critical Metals Corp. is an emerging leader in rare earth supply and one of the few companies advancing a fully integrated rare earth supply chain outside of China.
(English version by Loredana Fratila-Cristescu)