REalloys Builds Vertically Integrated Rare Earth Platform as Pentagon Rebuilds Munitions Stockpile

REalloys (NASDAQ: ALOY) has assembled feedstock, metallization, alloy and permanent magnet manufacturing into a single North American chain, aiming to supply commercially qualified heavy rare earths as the Pentagon's ban on Chinese-origin defense magnets takes effect. The company holds a 15-year offtake covering 15% of Phase 1 production from Critical Metals Corp.'s Tanbreez project in Greenland, plus feedstock agreements with the Saskatchewan Research Council, St George Mining, Patriot Exploration & Mining, Ramaco Resources and partners in Kazakhstan. In March, the Defense Logistics Agency awarded a contract worth up to $1.7 million for a modular metallization facility producing up to 300 metric tons annually of samarium and gadolinium metals. REalloys plans the largest heavy rare earth metallization facility outside China, targeting roughly 30 tonnes of dysprosium and 15 tonnes of terbium metal annually, with commercial output expected around the start of 2027. A July letter of intent with JS Link extends the chain into finished magnets. The company raised about $100 million from institutional investors in June and was selected by the U.S. Army for exclusive negotiations on processing facilities at Tooele Army Depot in Utah.