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REAlloys Appoints Canada's former Ambassador to the United States David MacNaughton to Corporate Board of Directors
Prism Media Wire· 2025-07-29 12:33
Company Overview - REalloys Inc. has appointed David MacNaughton, former Canadian Ambassador to the US, to its Corporate Board of Directors, enhancing its leadership team as it builds a vertically integrated rare earth supply chain [1][4] - The company operates a facility in Euclid, Ohio, focusing on downstream magnet material and critical metals, 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 (TREO) [7] Leadership Background - David MacNaughton served as Canada's ambassador from 2016 to 2019 and played a key role in the negotiations for the USMCA, which replaced NAFTA and aimed to create balanced trade opportunities for North American workers and businesses [2][3] - His previous experience includes leadership roles at StrategyCorp, Hill and Knowlton, and Strathshore Financial, where he focused on mergers and acquisitions and public-private partnerships [3] Strategic Initiatives - REalloys is advancing its rare earth supply chain with a fully owned upstream asset at Hoidas Lake and a memorandum of understanding with The Saskatchewan Research Council for midstream services [4] - The company aims to reduce North America's reliance on China for critical minerals, aligning with the current Canadian and US administrations' goals [4][5] Market Position - REalloys is expanding its production capacity in Ohio and is positioned to meet the demand for high-performance magnet materials and critical metals in U.S. Protected Markets [7] - The Hoidas Lake deposit includes both Heavy Rare Earth Elements (HREEs) and Light Rare Earth Elements (LREEs), indicating a diverse resource base that can cater to various market needs [7]
REAlloys Appoints Canada’s former Ambassador to the United States David MacNaughton to Corporate Board of Directors
Globenewswire· 2025-07-29 12:30
Core Insights - Blackboxstocks Inc. announces the appointment of David MacNaughton to the Corporate Board of Directors of its merger target, REalloys Inc., a vertically integrated critical mineral company [1] Group 1: Appointment and Background - David MacNaughton served as Canada's ambassador to the United States from 2016 to 2019, playing a key role in the negotiations for the USMCA, which replaced NAFTA and aimed to create balanced trade opportunities for North American workers and businesses [2] - MacNaughton has extensive experience in public-private partnerships and has held leadership positions in various organizations, including Palantir Technologies and TC Energy Corporation [3] Group 2: REalloys' Strategic Initiatives - REalloys is focused on building a vertically integrated rare earth supply chain, with significant assets including the Hoidas Lake project in Saskatchewan, which has a Mineral Resource Estimate of 2,153,000 tons of Total Rare Earth Oxides (TREO) [6] - The company is expanding its production capacity at its facility in Euclid, Ohio, and is working on de-risking and advancing its HLREE Project to meet the demand for high-performance magnet materials in U.S. Protected Markets [6] Group 3: MacNaughton's Contribution - MacNaughton will leverage his expertise in public-private partnerships and North American statecraft to help REalloys achieve its goals, particularly in reducing reliance on China for critical minerals [4] - He expressed enthusiasm for joining the first Canada-US critical mineral consortium, emphasizing the importance of strategic collaboration for national security and economic benefits [5]
Blackboxstocks Provides Stockholder Update on Acquisition of Rare Earth Company
Prism Media Wire· 2025-07-18 12:30
Company Overview - Blackboxstocks Inc. is a financial technology and social media hybrid platform that provides real-time analytics and news for stock and options traders [14] - The company is pursuing an acquisition of REalloys, Inc., a U.S.-based integrated rare earth company, to enhance stockholder value while continuing its fintech operations through its subsidiary, Blackbox.io Inc. [1][9] Acquisition Details - A definitive merger agreement was executed on March 10, 2025, to acquire REalloys, which specializes in high-performance magnet materials [2] - REalloys is positioned to strengthen the critical supply chain for U.S. national defense and advanced technologies [2] - The Hoidas Lake Rare Earth Deposit in Saskatchewan, Canada, acquired by REalloys, is one of the richest sources of rare earth elements, with a mineral resource totaling 2,153,000 metric tonnes at an average grade of 1.906% [3] Strategic Developments - On April 9, 2025, REalloys acquired 100% of PMT Critical Metals Inc., enhancing its production capabilities and intellectual property [4] - The facility in Euclid, Ohio, produces rare earth metals for key clients, including the U.S. Defense Logistics Agency and the Department of Energy [5] - A joint Memorandum of Understanding was signed with the Saskatchewan Research Council to advance the commercial production of high-performance rare earth magnet materials [6] Production Capacity and Goals - The combined production capacity of the facilities is targeted to reach 500 metric tonnes per year by 2026 and 1,000 metric tonnes by 2028 [7] - The merger is expected to provide access to the lucrative domestic rare earth and magnet materials sector, benefiting stockholders [9][10] Financial and Shareholder Impact - Upon closing of the merger, Blackbox legacy stockholders will own approximately 7.3% of the combined company's shares [12] - Stockholders will receive Contingent Value Rights (CVRs) entitling them to net proceeds from any future sale of Blackbox fintech operations within 24 months following the merger [12]