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REalloys Reports Progress on Commercial Agreements with the Saskatchewan Research Council; Exclusive Heavy Rare Earth Supply Chain on Track Ahead of 2027 Statutory Deadline
REalloys Reports Progress on Commercial Agreements with the Saskatchewan Research Council; Exclusive Heavy Rare Earth Supply Chain on Track Ahead of 2027 Statutory Deadline
About this update from Realloys Inc.
[{"type":"text","content":"Pursuant to its December 2025 suite of commercial agreements, REalloys has committed approximately $20.6 million to invest in targeted upgrades to the Saskatchewan Research Council’s (“SRC”) rare earth processing facility, intended to support expanded throughput of rare earth element materials.REalloys has also secured long-term supply rights to commercial-scale Neodymium-Praseodymium (NdPr) rare earth metals, and Dysprosium (Dy) and Terbium (Tb) oxides from SRC’s facility pursuant to these agreements.It is still anticipated that initial commercial production from SRC’s Rare Earth Processing Facility in Saskatoon remains on track for early 2027, with staged commissioning already underway.Engineering is underway for the REalloys-funded Heavy Rare Earth Metallization Facility; major equipment procurement is now in progress exclusively with Western and allied-nation suppliers, with overall equipment costs tracking below the original budget.REalloys recently raised $50 million through an underwritten public offering in March 2026; REalloys is currently on track to secure the Western Hemisphere's first fully compliant commercial-scale supply of heavy rare earth metals ahead of 2027 U.S. defense procurement restrictions on Chinese-sourced materials. EUCLID, Ohio, SASKATOON, Saskatchewan, May 26, 2026 (GLOBE NEWSWIRE) -- REalloys Inc. (NASDAQ: ALOY) (“REalloys” or the “Company”), a U.S.-based rare earth mine-to-magnet innovator, today reported the first major update on the execution of its landmark commercial agreements with the Saskatchewan Research Council (“SRC”) and on the progress of REalloys’ efforts to scale North America’s most advanced heavy rare earth processing and metallization solution. The Company believes the update reflects measurable progress across each commercial commitment, and that REalloys is meeting the milestones required to deliver critical heavy rare earth materials to U.S. defense and advanced manufacturing supply chains ahead of the statutory procurement deadline, with zero reliance on Chinese technology at any step of the process. Progress on REalloys-Backed Upgrades In December 2025, REalloys and SRC entered into certain commercial agreements that established the framework for a long-term supply relationship for heavy rare earths. Pursuant to these agreements, REalloys committed approximately $20.6 million...