Mentioned:
REalloys is focused scaling up rare earth magnet production in North America. And now, they’re potentially on the verge of making a new technological breakthrough in rare earth processing.
What’s happening:
- REalloys (NASDAQ: ALOY) has successfully demonstrated a hydrofluoric-acid-free fluorination process for producing metallization grade rare earths from rare earth oxides
Why it matters:
- Hydrofluoric acid is one of the single most hazardous chemicals that is traditionally used in rare earth processing due to its extreme toxicity and corrosiveness which requires special containment systems and environmental compliance
Going deeper:
- REalloys conducted independent laboratory testing of their rare earth fluoride material and has publicly stated that it confirmed the resulting rare earth fluorides are suitable for rare earth metal production without requiring hydrofluoric acid
- REalloys has been making a flurry of moves lately focused on domestic rare earth processing and magnet production lately, including preparing to build out the single largest metallization facility outside of China and landing a new contract from the Pentagon to design a modular plant to produce samarium and gadolinium metal for rare earth magnets
The intrigue:
- REallouys also just recently raised $50M USD in a equity financing round at $18.50 USD per share to accelerate the build out of their full scale platform for heavy rare earth midstream separation and refining as well as their metallization capabilities
