REalloys Invests $20.6M in SRC for 80% Exclusive Heavy Rare Earth Supply, On Track for 2027 Deadline
ALOY has more than doubled off its 52-week low of $3.43.
Summary
REalloys reported significant progress on its commercial agreements with the Saskatchewan Research Council (SRC), investing $20.6 million to expand SRC's rare earth processing capacity. This secures exclusive supply rights to up to 80% of the expanded output, targeting 525 tonnes of NdPr, 30 tonnes of Dy, and 15 tonnes of Tb annually. This follows the company's March 11th announcement of a fully financed buildout of a heavy rare earth metallization facility. The partnership is critical for establishing a secure, non-Chinese heavy rare earth supply chain for U.S. defense and advanced manufacturing, aiming to meet 2027 statutory procurement deadlines. The dedicated Heavy Rare Earth Metallization Facility is on track to deliver Dy and Tb metal production by Q4 2027.
At the time of this announcement, ALOY was trading at $10.08 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $599.3M. The 52-week trading range was $3.43 to $26.90. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.