Mentioned:
ALOY -9.10% CRML -11.17%
The future of domestic rare earth refining and processing in North America needs to scale up rapidly. Which is exactly why REalloys has just done a new historic deal in Saskatchewan, Canada.
What’s happening:
- REalloys has entered into a significant long term deal with the Saskatchewan Research Council to secure 80% of the Saskatchewan Research Council’s annual production and processing capacity of rare earth elements
Why it matters:
- The Saskatchewan Research Council and REalloys are aiming to build out the single most significant commercial scale production facility in North America for heavy rare earth refining and processing
Going deeper:
- REalloys will invest $21M CAD to expand the Saskatchewan Research Council’s facilities and to dramatically scale up their heavy rare earth processing capabilities
- REalloys previously made waves when they struck an offtake deal with Critical Metals (NASDAQ: CRML) to secure 15% of the annual rare earth element production from Critical Metals' flagship project located in Greenland
The intrigue:
- REalloys is in the process of completing a reverse merger with Blackboxstocks (NASDAQ: BLBX) to become a publicly traded company
