REalloys Strengthens Board with Former UBS Investment Bank Vice Chairman Ahead of Merger Completion

REalloys Inc., the merger target of Blackboxstocks Inc. (NASDAQ: BLBX), has entered into a designate director agreement with Bob Foresman, who will formally join the REalloys Board of Directors upon the closing of the merger between the two companies. This appointment follows the recent addition of General Jack Keane (U.S. Army, Ret.) to the board and occurs as Blackboxstocks' registration statement on Form S-4 has been declared effective by the U.S. Securities and Exchange Commission. The companies expect to complete the merger in the near term, subject to customary closing conditions, including NASDAQ listing approval.

Mr. Foresman currently serves as Vice Chairman of KingsRock Advisors and previously served as Vice Chairman of UBS Investment Bank from 2016 to 2020, where he was one of UBS's most senior global origination and client coverage bankers. His career includes senior leadership positions at Barclays, Renaissance Capital, Dresdner Kleinwort Wasserstein, and ING Barings, and he has worked with the International Finance Corporation (World Bank Group). He has served on numerous NYSE- and NASDAQ-listed company boards and brings extensive experience in capital markets strategy, governance oversight, and cross-border transactions.

Upon completion of the merger, 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. Leonard Sternheim, CEO of REalloys, stated, "We are fortunate to add a distinguished capital markets expert to the REalloys Board of Directors. As we approach completion of our merger and anticipated NASDAQ listing, Bob's experience as Vice Chairman of UBS and his decades of leadership in global capital markets significantly strengthen our governance and enhance our ability to execute with discipline as we scale our integrated rare earth platform."

Mr. Foresman will serve on the Audit Committee of REalloys and will act as the committee's qualified financial expert, reinforcing REalloys' financial oversight and governance framework as it transitions to the public markets. In his statement, Mr. Foresman noted, "REalloys is an innovative company building a fully integrated North American heavy rare earth, defense-focused feedstock-to-magnet platform at a time when secure supply chains and domestic processing capabilities are strategically essential. With NASDAQ listing approval pending, the Company is entering a transformative phase. I am honored to join the Board and contribute to strengthening financial oversight and supporting strategic growth as REalloys advances its mission to become the largest heavy rare earth oxide, metal and magnet producer outside of China."

This board strengthening comes as REalloys advances its fully integrated North American mine-to-magnet supply chain, which encompasses upstream resource development, midstream processing, and downstream manufacturing. The company's upstream foundation includes its Hoidas Lake rare-earth asset in Saskatchewan and a diversified network of allied feedstock and recycling partners. Together with the Saskatchewan Research Council, REalloys is building a platform to scale North American midstream separation, refining, and metallization capabilities. Those refined materials feed directly into REalloys' downstream manufacturing operations in Euclid, Ohio, where the company produces advanced alloys and magnet components for defense, clean-energy, and high-performance industrial applications.

Investors and security holders are urged to read the merger registration statement and related documents carefully. These documents are available through the website maintained by the SEC at http://www.sec.gov. The documents filed by Blackboxstocks may also be obtained free of charge from the company's website at https://blackboxstocks.com or by written request to the company. This development is significant as it strengthens corporate governance during a critical transition period and enhances the company's strategic positioning in the competitive rare earth sector, which is increasingly important for national security and clean energy initiatives.