REalloys Signs MOU with Ramaco Resources for Potential 20% Rare Earth Supply from U.S. Coal
ALOY has more than doubled off its 52-week low of $3.451.
Summary
REalloys Inc. has signed a non-binding Memorandum of Understanding (MOU) with Ramaco Resources to evaluate a strategic long-term partnership for rare earth and critical mineral supply. This MOU could secure REalloys supply rights for up to 20% of Ramaco's future mixed rare earth carbonate and critical materials production from its Brook Mine. This move aligns with REalloys' strategy to build a diversified domestic rare earth platform and follows previous efforts to secure feedstock, including a definitive offtake agreement signed last week. The partnership aims to support U.S. domestic supply chain resilience, particularly for heavy rare earth elements.
At the time of this announcement, ALOY was trading at $9.60 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $579.1M. The 52-week trading range was $3.45 to $26.90. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.