REalloys Inc. (NASDAQ: ALOY), a U.S.-based mine-to-magnet rare earth company, announced the pricing of its upsized underwritten public offering of 2,702,702 shares of common stock at $18.50 per share, with gross proceeds expected to be approximately $50 million. The offering, which was increased from a previously undisclosed size, includes a 30-day option for underwriters to purchase up to an additional 396,963 shares. The offering is expected to close on or about March 9, 2026, pending customary closing conditions.
The company plans to use the net proceeds for working capital and general corporate purposes, which are critical to advancing its fully integrated North American mine-to-magnet supply chain. REalloys' strategy encompasses upstream resource development, midstream processing, and downstream manufacturing of heavy rare earth metals, alloys, and magnet components. The company's operations serve federal logistics and procurement agencies supporting the Department of Defense, Department of Energy, and NASA, as well as the broader Defense Industrial Base.
Clear Street is acting as lead book-running manager, with Needham & Company as joint book-running manager. Laidlaw & Company (UK) Ltd. and Muriel Siebert & Co. are co-managers, and Cantor is acting as capital markets advisor. The securities are being offered under a shelf registration statement filed with the SEC, and copies of the prospectus may be obtained for free by visiting EDGAR on the SEC's website.
REalloys' upstream foundation includes its Hoidas Lake rare-earth asset in Saskatchewan and a network of allied feedstock and recycling partners. In collaboration with the Saskatchewan Research Council, the company is building a platform to scale North American 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 company's Ohio facility is strategically positioned to supply the U.S. defense and energy sectors, addressing critical supply chain vulnerabilities for rare earth materials. REalloys' integrated approach aims to reduce reliance on foreign sources, particularly from China, which dominates global rare earth processing. The upsized offering reflects investor confidence in the company's strategy amid growing demand for domestic rare earth supply chains.
This press release contains forward-looking statements subject to risks and uncertainties, including the ability to successfully complete project development, supply-chain reliability, and market conditions. The company undertakes no obligation to update these statements. More information is available at REalloys' website.
