DoD-backed REalloys secures REE oxides-to-metals; US Army selects Tooele processing site; raising $100M; signs LOI with JS Link for magnet manufacturing
Key Questions
What role has the U.S. Army selected REalloys to play?
REalloys was chosen to build a heavy rare earth processing plant at Tooele Army Depot in Utah, targeting production by 2028 as the first on-base REE facility.
What offtake agreements and production does REalloys currently have?
REalloys operates Sm/Gd production in Ohio with 15% Tanbreez offtake, an MOU for Ramaco Brook Mine feed, and 80% SRC offtake while advancing defense-grade qualification.
What financing and analyst coverage is REalloys pursuing?
REalloys is raising $100M with its stock added to the Russell 3000; Needham issued a Buy rating and $19 price target.
What magnet manufacturing partnership is REalloys exploring?
REalloys signed a non-binding LOI with JS Link to develop a fully integrated North American rare earth magnet platform, adding a Korean partner for vertical integration.
What supply risk does REalloys face from Sheep Creek Mine?
Local opposition and the exit of a Canadian partner at Sheep Creek Mine, a key offtake source, could delay feed supply and affect REalloys' production timeline.
REalloys has Sm/Gd production in Ohio, Tanbreez 15% offtake, Ramaco MOU for Brook Mine feed, 80% SRC offtake, and defense-grade qualification initiated. Now US Army selects REalloys to build HREE processing plant at Tooele Army Depot, Utah, targeting 2028 production—first on-base processing site de-risking timeline. REalloys also raising $100M (details pending). Stock added to Russell 3000; Needham Buy $19 target. Critical Metals commences 10,000m drilling at Tanbreez. Samarium supply crunch: Permag's 2-3 year stockpile from France only near-term source; DFARS 2027 deadline adds urgency, reinforcing REalloys' strategic importance. New risk: Sheep Creek Mine (key offtake source for REalloys) faces local opposition and Canadian partner exit—potential delays to feed supply. New development: REalloys signs non-binding LOI with JS Link to target magnet manufacturing, creating potential mine-to-magnet platform; early-stage but adds Korean partner and vertical integration ambition.