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, subject to market conditions, with no assurance as to whether the offering will be completed or its final size and terms.
Clear Street is acting as lead book-running manager, and Needham & Company as joint book-running manager. The company expects to use net proceeds for working capital and general corporate purposes. The offering is being made under a shelf registration statement on Form S-3 (File No. 333-284626), previously filed with the Securities and Exchange Commission (SEC) and declared effective on February 10, 2025. A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC. Copies may be obtained for free via EDGAR at www.sec.gov, or by contacting Clear Street at ec@clearstreet.io or Needham & Company at prospectus@needhamco.com.
This announcement is significant as it highlights REalloys' strategy to strengthen its financial position to advance its fully integrated North American mine-to-magnet supply chain. The company aims to scale heavy rare earth midstream separation, refining, and metallization capabilities through its partnership with the Saskatchewan Research Council, and support its downstream manufacturing operations in Euclid, Ohio. These operations produce advanced heavy rare earth metals, alloys, and magnet components for defense, clean-energy, and high-performance industrial applications, serving federal agencies including the Department of Defense, Department of Energy, and NASA.
Forward-looking statements in the press release caution that actual results may differ due to risks such as project development uncertainties, supply-chain reliability, rare-earth price fluctuations, market conditions, regulatory approvals, and geopolitical events. The company undertakes no obligation to update these statements.
