Saudi Arabia rare earth processing facility, Saudi Arabia
Name of the Project
Saudi Arabia rare earth processing facility.
Location
Saudi Arabia.
Project Owner/s
Critical Metals Corp and Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers Company have signed a nonbinding term sheet for the establishment of a 50:50 joint venture to develop a rare earth processing facility. The parties are progressing discussions to finalise technical, commercial and regulatory arrangements.
Project Description
The project JV aims to develop, finance, build and operate a large-scale rare earth processing facility. The proposed facility is intended to process rare earth concentrate into separated rare earth oxides, metals and downstream products, including magnet-grade materials for use in advanced manufacturing, as well as aerospace and defence-related applications.
The project is designed to form part of an integrated mine-to-processing supply chain, linking concentrate production from Critical Metals’ Tanbreez rare earth project, in Greenland, with downstream processing capacity, in Saudi Arabia, under long-term offtake arrangements.
Potential Job Creation
None stated.
Net Present Value/Internal Rate of Return
None stated.
Capital Expenditure
Capital expenditure for the proposed facility is estimated at up to $1.5-billion.
Planned Start/End Date
None stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Critical Metals Corp, tel +1 631 802 2765 or email ir@criticalmetalscorp.com.
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