DoD backs REalloys to relaunch Sm/Gd metal production; EXIM interest; Kasper hire; Sheep Creek MoU with U.S. Critical Materials signed
Key Questions
What is the MoU between REalloys and U.S. Critical Materials?
REalloys signed an MoU for 10% offtake from Sheep Creek (9% TREO Dy/Tb) to restart Ohio production. This targets 600t metals and 3-18k t magnets from April 1, 2026. It supports domestic supply chain independence.
What DoD and Pentagon support is REalloys receiving?
DoD and Pentagon back REalloys via officials like Kasper and Keane for pre-2027 HREE needs in F-35/missiles (268 days left). This relaunch addresses defense supply gaps. Binding agreements and capacity are pending.
What is the EXIM interest in REalloys?
EXIM shows $200M interest to fund REalloys' Ohio restart and Sheep Creek offtake. This bolsters U.S. strategic defense rare earth supplies. Risks include $50M raise dilution.
Who is Joe Kasper and his role at REalloys?
Joe Kasper, former defense official, was appointed Chair of REalloys' Advisory Board. His expertise strengthens defense supply chain focus. This aligns with DoD backing.
What are the production goals for REalloys' Ohio restart?
The Ohio facility aims for 600t metals and 3-18k t magnets annually post-restart on April 1, 2026. Sheep Creek provides high-grade input (9% TREO Dy/Tb). Full capacity and binding deals are pending.
MoU 10% Sheep Creek (9% TREO Dy/Tb) for Ohio restart (2026-04-01, 600t metals/3-18k t magnets); DoD/Pentagon (Kasper/Keane), $200M EXIM; pre-2027 HREE F-35/missiles (268 days). $50M raise dilution risks. Pending binding/capacity.