Mentioned:
REalloys is building out an new ambitious vision for rare earth elements in North America. Which is exactly why they’ve just done a new offtake deal in Kazakhstan.
What’s happening:
- REalloys has formed a new strategic partnership with Kazakhstan private mining group AltynGroup for rare earth feedstock supply
Why it matters:
- The new partnership gives REalloys a long term and large scale source of rare earth feedstock to be processed and produced into magnets within North America
Going deeper:
- AltynGroup will initially focus on providing REalloys with offtake from their Kokbulak project which contains hundreds of millions of tonnes of iron ore reserves
- AltynGroup will provide REalloys with iron tailings that contain both light and heavy rare earth elements, including both terbium and dysprosium
The intrigue:
- AltynGroup has also publicly stated they are exploring making a strategic investment into REalloys as part of the new partnership
