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Blackboxstocks Inc. (NASDAQ: BLBX) Merger Target REalloys, to Appoint General Jack Keane to its Board of Directors
Prism Media Wire· 2026-02-09 13:30
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].
Blackboxstocks Provides Stockholder Update on Acquisition of Rare Earth Company
Globenewswire· 2025-07-18 12:30
Core Viewpoint - Blackboxstocks Inc. is pursuing an acquisition of REalloys, Inc. to enhance stockholder value and expand into the rare earth sector, while continuing its fintech operations through a subsidiary [1][8]. Company Developments - The merger agreement to acquire REalloys was executed on March 10, 2025, with the aim of establishing a strong presence in North America's rare earth and high-performance magnet industries [2]. - REalloys has acquired the Hoidas Lake Rare Earth Deposit in Saskatchewan, Canada, which is noted for its high-grade neodymium, praseodymium, dysprosium, and terbium [3]. - The Hoidas Lake Project has a Measured and Indicated Mineral Resource of 2,153,000 metric tonnes of Total Rare Earth Oxides at an average grade of 1.906% [3]. Strategic Acquisitions - On April 9, 2025, REalloys acquired 100% of PMT Critical Metals Inc., enhancing its production capabilities and intellectual property in rare earth magnet materials [4]. - PMT Critical Metals Inc. produces rare earth metals for key clients, including the U.S. Defense Logistics Agency and the U.S. Department of Energy's AMES National Laboratory [5]. Partnerships and Production Goals - REalloys signed a Memorandum of Understanding with the Saskatchewan Research Council to advance the commercial production of high-performance rare earth magnet materials [6]. - 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 [6]. Transaction Timeline and Expectations - An amended registration statement for the merger was filed with the SEC on July 2, 2025, with expectations for the transaction to close in late August 2025, pending regulatory and stockholder approvals [7][8]. - The merger is anticipated to provide stockholders access to the growing domestic rare earth and magnet materials sector, while legacy fintech operations will continue under Blackbox.io, Inc. [8][9]. Market Positioning - REalloys aims to build a North American high-performance magnet supply chain, targeting sectors such as national defense, nuclear industry, and electric aviation [10]. - The company is strategically positioned to support the increasing demand for rare earth materials in critical industries [10]. Shareholder Impact - Upon closing of the merger, Blackbox legacy stockholders are expected to own approximately 7.3% of the combined company's shares, with potential proceeds from future sales of Blackbox's fintech operations [12].