The proposed 50-50 joint venture would aim to develop a rare metals processing facility at FPCU Feldioara's location. "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 JVCo," the company stated.

The joint venture company would serve as the vehicle for developing and potentially constructing the processing plant. The collaboration represents an exploration of possibilities in the rare metals sector, which has gained importance due to increasing demand for critical materials.

Nuclearelectrica emphasised that the non-binding agreement carries no legal or financial implications for either FPCU Feldioara or the parent company. The term sheet signed on December 8 represents only a preliminary step in evaluating the commercial and technical feasibility of the project.

The Romanian nuclear energy company will continue assessing the opportunity through the coming months as both parties work to determine whether the joint venture structure would be viable for the proposed rare metals processing facility.