BLBX News & Events

Blackboxstocks announced that its merger target, REAlloys entered into a series of non-binding agreements to form a strategic partnership with AltynGroup Kazakhstan to secure rare earth feedstock from Kazakhstan reserves to supply REAlloys' midstream and downstream facilities in North America. Through this collaboration, REalloys and AltynGroup are working expeditiously to bring Kazakhstan's vast rare earth deposits into Western supply chains. REalloys and AltynGroup will collaborate to identify, develop and receive offtake from rare earth-bearing producing mines in Kazakhstan, and process, refine and integrate the resulting oxides, metals, and alloys via REalloys' 100% North American processing and refining platform. The parties have engaged in deep discussions over the past 6 months and have identified several world-class properties across Kazakhstan for offtake. The agreement secures initial offtake from AltynGroup's Kokbulak project, a sizeable 127,000 sq km concession in the Karaganda and Kostanay regions. This operating asset holds over 350M tonnes of iron ore reserves and will provide REalloys with a rich byproduct concentrate containing a balanced spectrum of both Light and Heavy Rare Earth Elements derived from iron tailings. Further heavy rare earth offtakes from Kazakhstan based feedstock are anticipated over the coming year. To support the processing of this new feedstock, the partnership includes a non-binding commitment of investment from AltynGroup. These funds would be earmarked to scale REAlloys' U.S. operations, which includes the only dedicated rare earth metallization facility in the United States, servicing the Defense Logistics Agency, Department of Energy, the Department of War, amongst others. The collaboration further contemplates the joint development of pilot programs and technology transfer initiatives that enable rapid scale-up and qualification of materials for defense, semiconductor, and clean-energy supply chains.

Blackboxstocks is pleased to announce that its merger target, REalloys, has entered into a historic partnership with the Saskatchewan Research Council, anchored by a commercial processing and long-term offtake agreement to expand the heavy rare earth refining capability at SRC's Rare Earth Processing Facility in Saskatoon, SK. Under the partnership, REalloys has secured 80% of annual production of the upgraded capacity from the facility enabling a compliant, North American supply chain for the company's defense industrial base clients, including the U.S. Department of Defense. Under the agreements, REalloys will invest approximately US$21 million to expand SRC's facility, increasing its heavy rare earth processing capacity by an estimated 300% and boosting its light rare earth capacity by 50%. Once fully operational in early 2027, the expanded facility is designed to produce up to 30 tonnes of Dy oxide, 15 tonnes of Tb oxide, and 400 tonnes per year of high-purity NdPr metal, with NdPr output increasing to 600 tonnes per year after the expansion is complete. REalloys has secured the majority of this output under the long-term offtake agreement from SRC under a cost-plus model.

Blackboxstocks Merger Target, REalloys secured a $200M Letter of Interest from the Export-Import Bank of the United States. The Company's LOI with EXIM represents an indication of potential support from EXIM for a critical-minerals project that supports EXIM's China Transformational Exports Program mandate, signaling strong U.S. government support for REalloys' mission to establish a secure, allied mine-to-magnet supply chain. This letter of interest underscores the United States' broader strategy to eliminate dependence on foreign critical materials and strengthen industrial competitiveness and defense readiness. Based on current project parameters, EXIM has indicated up to $200M in potential financing for REalloys' project capital expansion, with a provisional repayment term of up to 15 years. The LOI remains in effect through October 14, 2026.

Blackboxstocks' merger target REAlloys signed a Memorandum of Understanding with the Japan Organization for Metals and Energy Security to establish a strategic framework for collaboration in rare earth development, technology transfer, and industrial security. JOGMEC has spent decades driving the development of non-Chinese rare earth supply chains, many of which stem from its early strategic investments. Its landmark initiatives include the Japan Australia Rare Earths partnership with Lynas Rare Earths Ltd., backed by more than A$200M, and the recent EUR 110M investment into the Caremag refinery in France. Its new collaboration with REAlloys marks JOGMEC's first engagement with a U.S.-based rare earth company, aligning with the United States' renewed push to expand domestic rare earth capacity and strengthen supply chain independence from China. Under the MOU, REAlloys and JOGMEC will collaborate to develop, qualify, and supply high-performance rare earth materials and magnets supporting the U.S.-Japan Alliance and the Guidelines for Defense Cooperation.