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Blackboxstocks Merger with REalloys Approved by Nasdaq
Blackboxstocks announced that Nasdaq approved the company's listing application in connection with its merger transaction with REalloys. The merger and related transactions are expected to close Tuesday, February 24, after the close of the market, subject to customary closing conditions. Following the closing of the merger and related transactions, REalloys will operate as a publicly traded, vertically integrated North American heavy rare earth platform built for national security and defense-oriented supply chain resilience. REalloys' strategic objective is to become the largest producer of heavy rare earth oxides and metals outside of China by 1H 2027, supported by what REalloys believes are among the most advanced commercial-scale heavy rare earth separation and metallization assets outside of China.
Blackboxstocks Merges with REalloys, Bob Foresman to Join Board
Blackboxstocks announced that its merger target, REalloys entered into a designate director agreement with Bob Foresman. Mr. Foresman will formally join the REalloys Board of Directors upon the closing of the merger between Blackboxstocks and REalloys. Blackboxstocks' registration statement on Form S-4 has been declared effective by the U.S. Securities and Exchange Commission, and the companies expect to complete the merger in the near term, subject to customary closing conditions, including NASDAQ listing approval. Upon completion, REalloys will operate as a publicly traded company advancing a vertically integrated North American heavy rare earth and defense focused feedstock-to-magnet supply chain. Foresman currently serves as Vice Chairman of KingsRock Advisors.
Blackboxstocks Merger Target REalloys Appoints General John Keane as Director
Blackboxstocks announced that its merger target, REalloys has appointed General John Keane as a Designate Director. General Keane will formally join the Board of Directors upon the closing of the merger between Blackboxstocks and REalloys. Blackboxstocks' registration statement on Form S-4 has been declared effective by the Securities and Exchange Commission, and the companies expect to complete the merger in the near term, subject to customary closing conditions, including NASDAQ listing approval. General Keane, a four-star general and former Vice Chief of Staff of the United States Army, brings an unparalleled depth of experience in national security, foreign policy, and strategic leadership.
Blackboxstocks Forms Strategic Partnership with AltynGroup
Blackboxstocks announced that its merger target, REAlloys entered into a series of non-binding agreements to form a strategic partnership with AltynGroup Kazakhstan to secure rare earth feedstock from Kazakhstan reserves to supply REAlloys' midstream and downstream facilities in North America. Through this collaboration, REalloys and AltynGroup are working expeditiously to bring Kazakhstan's vast rare earth deposits into Western supply chains. REalloys and AltynGroup will collaborate to identify, develop and receive offtake from rare earth-bearing producing mines in Kazakhstan, and process, refine and integrate the resulting oxides, metals, and alloys via REalloys' 100% North American processing and refining platform. The parties have engaged in deep discussions over the past 6 months and have identified several world-class properties across Kazakhstan for offtake. The agreement secures initial offtake from AltynGroup's Kokbulak project, a sizeable 127,000 sq km concession in the Karaganda and Kostanay regions. This operating asset holds over 350M tonnes of iron ore reserves and will provide REalloys with a rich byproduct concentrate containing a balanced spectrum of both Light and Heavy Rare Earth Elements derived from iron tailings. Further heavy rare earth offtakes from Kazakhstan based feedstock are anticipated over the coming year. To support the processing of this new feedstock, the partnership includes a non-binding commitment of investment from AltynGroup. These funds would be earmarked to scale REAlloys' U.S. operations, which includes the only dedicated rare earth metallization facility in the United States, servicing the Defense Logistics Agency, Department of Energy, the Department of War, amongst others. The collaboration further contemplates the joint development of pilot programs and technology transfer initiatives that enable rapid scale-up and qualification of materials for defense, semiconductor, and clean-energy supply chains.
Blackboxstocks and REalloys Enter Historic Partnership
Blackboxstocks is pleased to announce that its merger target, REalloys, has entered into a historic partnership with the Saskatchewan Research Council, anchored by a commercial processing and long-term offtake agreement to expand the heavy rare earth refining capability at SRC's Rare Earth Processing Facility in Saskatoon, SK. Under the partnership, REalloys has secured 80% of annual production of the upgraded capacity from the facility enabling a compliant, North American supply chain for the company's defense industrial base clients, including the U.S. Department of Defense. Under the agreements, REalloys will invest approximately US$21 million to expand SRC's facility, increasing its heavy rare earth processing capacity by an estimated 300% and boosting its light rare earth capacity by 50%. Once fully operational in early 2027, the expanded facility is designed to produce up to 30 tonnes of Dy oxide, 15 tonnes of Tb oxide, and 400 tonnes per year of high-purity NdPr metal, with NdPr output increasing to 600 tonnes per year after the expansion is complete. REalloys has secured the majority of this output under the long-term offtake agreement from SRC under a cost-plus model.
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