Blackboxstocks Inc Merger Target REalloys Enters Strategic Alliance with St George Mining to Secure High-Grade Rare Earths Supply from the Araxá Project

Core Insights - REalloys Inc. has signed a Memorandum of Understanding (MOU) with St George Mining Limited to collaborate on the commercialization of rare earth minerals from the Araxá Project in Brazil, reinforcing its position in the U.S. rare earth supply chain [1][2][4] - The alliance includes a long-term offtake agreement that secures REalloys access to up to 40% of Araxá's rare earth production, enhancing its role in the U.S. defense and industrial magnet materials supply chain [2][4] - The Araxá Project is noted for being the largest and highest-grade carbonatite-hosted rare earths deposit in South America, with a resource of 40.6 million tons at 4.13% Total Rare Earth Oxides (TREO) [6] Company Overview - REalloys operates a downstream magnet material and critical metals manufacturing facility in Euclid, Ohio, and owns the Hoidas Lake Rare Earth Elements Project in Saskatchewan, Canada, which has a significant mineral resource estimate of 2,153,000 tons of Total Rare Earth Oxides [5] - The Hoidas Lake deposit includes both Heavy Rare Earth Elements (HREEs) and Light Rare Earth Elements (LREEs), positioning REalloys to meet the growing demand for high-performance magnet materials in the U.S. [5][7] - The company is expanding its Ohio facility's production capacity while de-risking and advancing its HLREE Project to meet U.S. Protected Markets' demand [7] Strategic Importance - The alliance with St George Mining is seen as a pivotal moment for REalloys as the U.S. government intensifies efforts to secure non-China rare earth supply chains, positioning REalloys as a critical contributor to national defense and energy security [4][6] - REalloys has existing contracts with the Defense Logistics Agency and other federal agencies to develop and manufacture high-purity rare earth metals and magnets for defense and commercial applications [6] - The collaboration aims to optimize processing flowsheets to deliver products tailored for U.S. protected markets, leveraging REalloys' advanced metallization and alloying technologies [6]