REalloys Announces Proposed Public Offering to Fund Rare Earth Supply Chain Development

REalloys Inc., a U.S.-based mine-to-magnet rare earth company, announced its intention to offer and sell shares of its common stock in an underwritten public offering. The company also intends to grant underwriters a 30-day option to purchase additional shares, with all shares being offered by the company itself. This offering represents a strategic move to secure capital for advancing the company's integrated rare earth operations across North America.

The proposed offering will be managed by Clear Street as lead book-running manager and Needham & Company as joint book-running manager. The company expects to use the net proceeds from the offering for working capital and general corporate purposes, which will support its ongoing development of rare earth processing and manufacturing capabilities. The offering is subject to market conditions, and there is no guarantee regarding its completion, size, or specific terms.

The securities will be offered pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission and declared effective on February 10, 2025. The offering will be made only through a prospectus and prospectus supplement forming part of the effective registration statement. A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC, and copies may be obtained for free by visiting EDGAR on the SEC's website.

REalloys is developing a fully integrated North American supply chain encompassing upstream resource development, midstream processing, and downstream manufacturing. The company's operations include its Hoidas Lake rare-earth asset in Saskatchewan and collaborative efforts with the Saskatchewan Research Council to scale heavy rare earth separation, refining, and metallization capabilities. These refined materials feed into the company's manufacturing operations in Euclid, Ohio, where it produces advanced heavy rare earth metals, alloys, and magnet components for defense, clean-energy, and high-performance industrial applications.

The company's Ohio facility serves federal logistics and procurement agencies supporting the Department of Defense, Department of Energy, and National Aeronautics and Space Administration, along with the broader Defense Industrial Base and Organic Industrial Base. This public offering comes at a time when domestic rare earth production has become increasingly important for national security and technological independence, making REalloys' integrated approach particularly significant for reducing reliance on foreign supply chains.

The press release contains forward-looking statements regarding the offering and the company's development activities, which are subject to significant risks and uncertainties. These include factors such as the ability to complete project development and commercialization, supply-chain reliability, fluctuations in rare-earth prices and demand, regulatory approvals, and various market conditions. Readers are cautioned not to place undue reliance on these statements, and the company undertakes no obligation to update them except as required by law.