Blackboxstocks Inc. (NASDAQ: BLBX) Merger Target REalloys, to Appoint General Jack Keane to its Board of Directors

Core Viewpoint - Blackboxstocks Inc. is set to merge with REalloys Inc., which has appointed General Jack Keane to its Board of Directors, enhancing its strategic leadership as it aims to establish a secure North American rare earth supply chain [1][2][3]. Company Overview - Blackboxstocks Inc. operates as a financial technology and social media hybrid platform, providing real-time analytics and news for stock and options traders [11]. - REalloys Inc. is focused on creating a fully integrated mine-to-magnet supply chain in North America, with upstream resource development and downstream manufacturing capabilities [9][10]. Leadership Appointment - General Jack Keane, a four-star general and former Vice Chief of Staff of the U.S. Army, has been appointed as a Designate Director for REalloys, bringing extensive experience in national security and strategic leadership [2][4][6]. - His appointment is seen as a significant asset for REalloys as it seeks to reduce reliance on foreign sources for rare earth materials [3][5]. Financial Performance - For the three months ended May 31, 2024, Blackboxstocks reported net sales of $5.031 million, a significant increase from $3.603 million in the same period of 2023, reflecting a growth of approximately 39.5% [1]. - Gross profit for the same period was $2.454 million, up from $1.777 million, indicating a gross margin of approximately 48.8% [1]. - The company achieved a net income of $331,000, compared to $53,000 in the previous year, marking a substantial increase [1]. Strategic Goals - REalloys aims to build a domestic capacity for rare earth materials to enhance national security and economic independence, addressing vulnerabilities associated with foreign dependencies [5][9]. - The company is collaborating with the Saskatchewan Research Council to develop midstream processing capabilities for rare earth materials [9]. Board Composition - The board of REalloys includes experienced leaders such as Chairman Stephen S. duMont and former Canadian Ambassador David MacNaughton, providing a blend of defense, diplomacy, and industrial policy expertise [7].