Mentioned:
The United States Army is making a massive push to build out a fully domestic rare earth supply chain for the military. Which is exactly why they’ve just partnered with REalloys.
What’s happening:
- REalloys (NASDAQ: ALOY) has been conditionally selected by the United States Army to build a rare earth separation facility at the Tooele Army Depot located in Utah
Why it matters:
- This is widely considered to be the first time ever that a rare earth separation facility has been directly located on a United States Army military base
Going deeper:
- REalloys will design, finance, build and operate the new rare earth separation plant as part of the new partnership with the United States Army to produce heavy rare earth oxides such as dysprosium and terbium for defense-critical magnet materials
- REalloys previously notably won a contract from the United States Defense Logistics Agency to design a modular plant to produce samarium and gadolinium metal for rare earth magnets
The intrigue:
- REalloys just recently made waves on Wall Street when they entered into a securities purchase agreement with institutional investors to raise $100M USD at $14.25 USD per share
