ET 09:25

U.S. Military Backs Rare Earth Metallization to Secure Defense Supply Chains

Retired General Jack Keane joins REalloys' board as the company launches North America's first industrial-scale heavy rare-earth processing and metallization platform, aiming to insulate the U.S. defense supply chain from foreign dependency. The platform, operational through REalloys' merger with Blackboxstocks (NASDAQ: BLBX), will produce finished rare-earth metals and alloys domestically, critical for magnets, motors, guidance systems, radar, and electronics in weapons platforms. The U.S. Export-Import Bank's $10-billion critical minerals initiative supports this effort, with REalloys securing a letter of interest for up to $200 million. REalloys' Euclid, Ohio facility processes rare-earth oxides into usable alloys. Upstream, it partners with the Saskatchewan Research Council (SRC) for heavy rare earth oxides, with production expected in early 2027. Additional feedstock comes from St George Mining's Araxá Project in Brazil, Critical Metals' Tanbreez in Greenland, and AltynGroup's Kokbulak in Kazakhstan. A collaboration with Mission Critical Materials extracts heavy rare earths from mine waste and acid mine drainage. General Keane's appointment signals rare-earth metallization's integration into U.S. defense strategy. The move aims to secure strategic resources vital for defense systems and the economy, addressing a critical vulnerability in the face of geopolitical risks.

EditorWong Mei Ling