Critical Metals Corp signed a term sheet for a 50/50 joint venture with a Romanian state company to build a rare earth processing plant. The notable part is that CRML holds its stake on a carried basis, so they don't have to put up the capital to build the facility. This helps secure a processing route for their Tanbreez project in Greenland and bumps their offtake commitments to 75%. While the NATO-aligned supply chain is a plus, keep in mind the company is still loss-making, has flagged going concern doubts, and is dealing with short-seller allegations.