REalloys Secures $50 Million in Public Offering to Advance North American Rare Earth Supply Chain

REalloys Inc., a U.S.-based mine-to-magnet rare earth company, announced the closing of its underwritten public offering of 2,702,702 shares of common stock at $18.50 per share, generating approximately $50 million in gross proceeds before expenses. The company granted underwriters a 30-day option to purchase up to an additional 396,963 shares. Clear Street served as lead book-running manager, with Needham & Company as joint book-running manager, while Laidlaw & Company (UK) Ltd. and Muriel Siebert & Co., LLC acted as co-managers. Cantor served as capital markets advisor to the company.

The net proceeds from the offering are intended for working capital and general corporate purposes, supporting REalloys' development of a fully integrated North American rare earth supply chain. This initiative encompasses upstream resource development at its Hoidas Lake asset in Saskatchewan, midstream processing in collaboration with the Saskatchewan Research Council, and downstream manufacturing in Euclid, Ohio. The company produces advanced heavy rare earth metals, alloys, and magnet components for defense, clean-energy, and high-performance industrial applications, serving federal agencies including the Department of Defense and Department of Energy.

The securities were offered pursuant to a shelf registration statement on Form S-3 (File No. 333-284626) previously filed with the Securities and Exchange Commission and declared effective on February 10, 2025. A preliminary prospectus supplement was filed on March 5, 2026, with the final prospectus supplement filed on March 6, 2026. Copies of the preliminary prospectus supplement and accompanying prospectus may be obtained for free by visiting EDGAR on the SEC's website at https://www.sec.gov. Alternatively, interested parties may contact Clear Street's Syndicate Department at 150 Greenwich Street, 45th floor, New York, NY 10007, by email at [email protected], or Needham & Company's Prospectus Department at 250 Park Avenue, 10th Floor, New York, NY 10177, by email at [email protected] or telephone at (800) 903-3268.

This funding announcement comes amid growing emphasis on domestic critical mineral supply chains, particularly for rare earth elements essential to defense systems, renewable energy technologies, and advanced manufacturing. REalloys' integrated approach addresses vulnerabilities in global supply chains by creating coordinated processing capabilities that convert heavy rare-earth materials into high-purity products. The company's operations support the broader Defense Industrial Base and Organic Industrial Base while contributing to clean-energy infrastructure development.

The press release contains forward-looking statements regarding the anticipated use of proceeds, development activities, market expansion, and strategic initiatives, which are subject to risks and uncertainties including project development challenges, rare-earth price fluctuations, regulatory approvals, and geopolitical factors. These statements are not guarantees of future performance, and actual results may differ materially due to various factors described in the company's SEC filings available at https://www.sec.gov. The company undertakes no obligation to update forward-looking statements except as required by law.