REalloys Locks Greenland Heavy Rare Earth Offtake as Pentagon Floods the Sector With Cash

REalloys Locks Greenland Heavy Rare Earth Offtake as Pentagon Floods the Sector With Cash A 15-year offtake on Greenlandic heavy rare earths lands while Washington commits billions to a supply chain built outside China. REalloys has signed a 15-year offtake agreement with Critical Metals Corp. for 15% of Phase 1 output from the Tanbreez deposit in southern Greenland, one of the largest known heavy rare earth resources in the world, disclosed in the week of 2026-05-25.⁵ That matters because heavy rare earths, not the more abundant light variety, are the chokepoint. Critical Metals estimates roughly 27% of Tanbreez's profile is heavy material, a rich concentration in an industry where most large deposits skew toward lower-value light ore. Phase 1 capacity runs to as much as 15,000 metric tons of concentrate a year, with REalloys holding rights to 15% of monthly production.⁵ The offtake sits beside REalloys' $20.6 million investment in the Saskatchewan Research Council's processing plant in Saskatoon, which the company says secures preferred rights to up to 80% of expanded capacity, including commercial-scale NdPr, dysprosium and terbium output that chairman Stephen duMont claims no other Western company has secured at this scale.⁵ The point of all this is metallization, the step where oxide becomes usable metal and magnet. REalloys separately contracted SRC to design, build and commission a standalone heavy rare earth metallization system dedicated to dysprosium and terbium, to be transferred to its Ohio facility once complete.⁵ The urgency is recent. China's export controls earlier this year snarled industrial supply chains across the West, with licence applications piling up and exports plunging. Ford and Suzuki, among other carmakers, suspended production at some factories, and the thin stocks available outside China soared in price, the Economist reported.³ Washington is throwing public money at the gap. Since October the Pentagon has committed $2.8bn in equity and debt to eight mining and refining projects, weighted toward metals such as gallium and germanium that Beijing has at times halted. EXIM has issued $15bn in letters of interest for critical-mineral projects over the past year, including $455m for a rare-earth venture in America, while the Department of Energy has approved $7bn in loans for graphite, lithium and potash.¹ The defence logic is explicit. Samarium-cobalt magnets and dysprosium- and terbium-enhanced NdFeB magnets sit inside Precision Strike Missiles, THAAD interceptors and Tomahawks, the inventory the Pentagon has been drawing down.⁴ That puts heavy rare earth metallization, the exact niche REalloys is chasing, near the centre of the rearmament math. Politics cleared the path. Greenland's government approved Critical Metals' move to 92.5% ownership of Tanbreez earlier this year, after Washington lobbied the developers against selling to Chinese-linked buyers.⁵ State sponsorship, not open markets, is doing the heavy lifting, a deliberate choice by governments that no longer trust commodity markets to fix a strategic dependency.¹ But the skeptical read deserves airing. The bottleneck has always been processing and separation rather than ore in the ground, the Economist has argued, and Beijing's wider energy hand looks mixed; Bloomberg reported China's refiners cut crude processing to 54.65m tons in April, 11% below March, as Strait of Hormuz flows nearly halted.^3,2 That makes the strategic case selective rather than absolute. An offtake on 15% of a project yet to reach commercial scale is a claim on future tonnes, not metal in a warehouse. The 80% figure attaches to expanded Saskatoon capacity, and the dysprosium-terbium line still has to be built, commissioned and shipped to Ohio before a single magnet rolls off.⁵ The number that settles the argument is metric tons of separated heavy rare earth metal leaving North American soil, not letters of interest or preferred-rights percentages. Until SRC's metallization system is running and Tanbreez is pouring concentrate, this stays a story about money committed rather than supply delivered. Watch the Saskatoon commissioning timeline and the first Tanbreez Phase 1 tonnage.⁵