REalloys to Begin Trading on Nasdaq Following Merger with Blackboxstocks, Positioning as Key U.S. Rare Earth Producer

Blackboxstocks Inc. announced that Nasdaq has approved the listing application for its merger with REalloys Inc., with the transaction expected to close after market hours on February 24, 2026. The combined company will begin trading on the Nasdaq Capital Market under the ticker symbol "ALOY" starting February 25, 2026. This development marks a significant step in establishing a vertically integrated North American heavy rare earth platform designed specifically for national security and defense supply chain resilience.

The timing of REalloys' entry into public markets coincides with growing concerns about supply chain vulnerabilities and the strategic importance of rare earth elements. REalloys aims to become the largest producer of heavy rare earth oxides and metals outside of China by the first half of 2027, leveraging what the company describes as advanced commercial-scale separation and metallization assets. This strategic objective addresses critical gaps in the U.S. defense industrial base, particularly as 2027 procurement restrictions will require defense contractors to source materials from non-Chinese suppliers.

REalloys' operational advantages include a zero-China nexus supply chain that aligns with upcoming defense procurement requirements, positioning the company as potentially the only North American platform meeting these stringent criteria. The company currently services the Defense Logistics Agency and is purpose-built to support the broader Defense Industrial Base. Its infrastructure approach utilizes existing facilities with phased expansion plans, reducing capital requirements and permitting risks compared to greenfield projects, which accelerates commercial timelines in the heavy rare earth sector.

The company's feedstock strategy emphasizes diversification and flexibility, avoiding reliance on single sources to mitigate supply concentration risks that often constrain competing platforms. This approach supports REalloys' integrated growth path across oxide separation, metallization, and downstream magnet initiatives. The company is collaborating with JOGMEC, recognized as the leading-edge organization on magnets outside of China, to support high-performance magnet manufacturing for strategic and protected markets. These refined materials feed directly into REalloys' manufacturing operations in Euclid, Ohio, where the company produces advanced alloys and magnet components for defense, clean-energy, and high-performance industrial applications.

Investors seeking additional information about the merger can access documents filed with the Securities and Exchange Commission through the SEC website at https://www.sec.gov. The registration statement on Form S-4 related to the merger was declared effective on January 16, 2026, and contains detailed information about the transaction. Forward-looking statements in the announcement highlight the company's expectations regarding development activities, project milestones, and market expansion, though these are subject to significant risks and uncertainties beyond the company's control. The merger represents a convergence of national security priorities, advanced manufacturing needs, and allied supply chain requirements for dependable, China-free heavy rare earth capabilities at a pivotal moment for critical minerals independence.