Critical Metals has announced a preliminary study for a $2.2 billion-a-year refinery in Romania designed to process eudialyte concentrate from its Tanbreez project in Greenland. The proposed facility utilizes a patent-pending multistage mixed-acid leach process to recover high-purity rare earths and critical metals, projecting an NPV10 of $4.5 billion and an IRR of 55%.
Critical Metals Corp has released preliminary economic modelling for its proposed Romania Process Refinery, which aims to process Tanbreez eudialyte concentrate. The study projects an NPV10 of US$4.5 billion, an IRR of 55%, and annual revenues of approximately US$2.2 billion, bolstered by significant high-purity silica by-product sales.
Leading Edge Materials has filed a Competent Person's Report (CPR) for its Bihor Sud Polymetallic Exploration Project in Romania. The report, prepared by Addison Mining Services, formalizes the technical data for the early-stage exploration project, which shows potential for nickel, copper, lead, and uranium mineralisation.
Leading Edge Materials announced progress from its 2025 exploration campaign in Romania, highlighting extensive polymetallic mineralization (lead, zinc, copper) identified through channel sampling in underground galleries. The results include multiple high-grade intercepts over significant widths, with some sub-intervals showing bonanza grades. The company emphasizes the potential for a large, interconnected mineralized system and confirms JORC-compliant reporting with comprehensive QA/QC procedures, though collar and downhole surveys are pending.
Euro Sun Mining has released updated Definitive Feasibility Study (DFS) highlights for its Rovina Valley Copper-Gold Project in Romania, reporting a pre-tax NPV of US$1.78 billion and a pre-tax IRR of 39.7%. The company also announced the successful completion of its environmental impact assessment and noted significant regulatory progress following Romania's adoption of the EU's Critical Raw Materials Act.
