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 will 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. REalloys expects to use the net proceeds for working capital and general corporate purposes. The securities will be offered under an effective shelf registration statement (File No. 333-284626) filed with the Securities and Exchange Commission (SEC). A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC and will be available for free on the SEC's website at www.sec.gov or by contacting Clear Street or Needham & Company.
This capital raise comes as REalloys advances its fully integrated North American mine-to-magnet supply chain, encompassing upstream resource development, midstream processing, and downstream manufacturing. The company's upstream foundation includes the Hoidas Lake rare-earth asset in Saskatchewan and a network of feedstock and recycling partners. In collaboration with the Saskatchewan Research Council, REalloys is building a platform to scale heavy rare earth midstream separation, refining, and metallization capabilities. These refined materials feed into the company's downstream 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 offering is significant as it provides REalloys with additional capital to continue developing its rare earth supply chain, which is critical for reducing U.S. dependence on foreign sources for rare earth materials used in defense and clean energy technologies. The company's Ohio facility serves federal logistics and procurement agencies supporting the Department of Defense, the Department of Energy, and NASA, underscoring its strategic importance.
Investors should carefully consider the risks and uncertainties described in the company's filings with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available at www.sec.gov. The offering will be made only by means of a prospectus, and this press release does not constitute an offer to sell or a solicitation to buy the securities.
