Mentioned:
ALOY -9.10% CRML -11.17%
The Export-Import Bank of the United States is ramping up funding for domestic rare earths. Which is exactly why they’ve just given a new loan commitment to one of North America’s most promising rare earth magnet companies.
What’s happening:
- REalloys has received a letter of interest from the Export-Import Bank of the United States for a loan of $200M USD
Why it matters:
- REalloys is one of the most advanced companies in North America developing a fully integrated supply chain for rare earth magnets
Going deeper:
- Critical Metals (NASDAQ: CRML) just recently formed a supply deal with REalloys in which Critical Metals will provide REalloys with 15% of their annual rare earth element production from their Greenland based Tanbreez Project
- REalloys is currently in the process of going public on the Nasdaq through a reverse merger with Blackboxstocks (NASDAQ: BLBX)
The intrigue:
- The G7 just recently made waves in geopolitics when they unveiled a new $6.4B CAD funding commitment to companies building domestic sources of supply for both critical minerals and rare earth elements in an effort to reduce the world’s dependence on China
