REalloys Inc. (NASDAQ: ALOY), a U.S.-based mine-to-magnet rare earth company, announced today its intention to offer and sell shares of its common stock in an underwritten public offering. The company also plans to grant underwriters a 30-day option to purchase additional shares. All shares in the offering are to be sold by REalloys. The offering is subject to market conditions, and there is no assurance regarding its completion, size, or terms.
Clear Street is acting as lead book-running manager, with Needham & Company serving as joint book-running manager. The company expects to use the net proceeds for working capital and general corporate purposes. The securities will be offered under a shelf registration statement on Form S-3 (File No. 333-284626) filed with the SEC and declared effective on February 10, 2025. The offering will be made only by means of a prospectus, including a prospectus supplement. Copies can be obtained for free via EDGAR at www.sec.gov, or by contacting Clear Street at ecm@clearstreet.io or Needham & Company at prospectus@needhamco.com.
REalloys is advancing a fully integrated North American mine-to-magnet supply chain, covering upstream resource development, midstream processing, and downstream manufacturing. Its upstream foundation includes the Hoidas Lake rare-earth asset in Saskatchewan and a network of allied feedstock and recycling partners. Collaborating with the Saskatchewan Research Council, REalloys is building a platform to scale North American heavy rare earth midstream separation, refining, and metallization capabilities. These refined materials feed into its downstream manufacturing operations in Euclid, Ohio, where the company produces advanced heavy rare earth metals, alloys, and magnet components for defense, clean-energy, and high-performance industrial applications. The Ohio facility serves federal logistics and procurement agencies supporting the Department of Defense, the Department of Energy, and NASA, as well as the broader Defense Industrial Base.
This announcement is significant as it underscores REalloys' efforts to secure funding to strengthen domestic rare earth supply chains, which are critical for national security and clean energy transitions. The offering could provide capital to scale operations, reduce reliance on foreign sources, and support the production of essential materials for defense and technology sectors.
