Mentioned:
REalloys wants to be a leader in America’s quest to produce rare earth magnet domestically. Which is exactly why Joe Kasper is getting involved.
What’s happening:
- Former Chief of Staff to the United States Secretary of Defense Joe Kasper has officially joined the advisory board of REalloys (NASDAQ: ALOY)
Why it matters:
- Joe Kasper has spent more than two decades in federal politics in the United States across the Pentagon, Department of Homeland Security and the House of Representatives
Going deeper:
- REalloys has publicly stated they are aiming to build the single largest metallization facility outside of China for domestic rare earth processing and magnet production at commercial scale
- REalloys also just recently made major waves when they landed a new contract from the Pentagon to design a modular plant to produce samarium and gadolinium metal for rare earth magnet production in Ohio
The intrigue:
- President of GM Defense Stephen duMont is the Chairman of REalloys and retired four star General Jack Keane is on REalloys’ board of directors
