Strategic collaboration aims to establish one of the first fully integrated, non-Chinese rare earth supply chains spanning feedstock, separation, metallization and permanent magnet manufacturing to serve U.S. defense, aerospace, automotive and industrial markets
EUCLID, Ohio, July 07, 2026 (GLOBE NEWSWIRE) -- REalloys Inc. (NASDAQ: ALOY) ("REalloys" or the "Company"), a North American integrated rare earth platform company, and JS Link Inc. (KOSDAQ: 127120) ("JS Link"), a leading developer and manufacturer of advanced permanent magnets, today announced the execution of a non-binding Letter of Intent (the "LOI") to evaluate a strategic partnership to develop an integrated North American rare earth magnet manufacturing platform.
Under the non-binding LOI, the companies intend to evaluate opportunities to combine REalloys' North American rare earth supply chain, processing, heavy rare earth metallization, government and defense relationships, commercialization capabilities and capital markets expertise with JS Link's permanent magnet manufacturing technology, operational expertise and global manufacturing platform.
The parties intend to explore the development of one of the first fully integrated non-Chinese rare earth supply chains spanning feedstock, separation, metallization and permanent magnet manufacturing capable of serving the rapidly growing demand from the U.S. defense industrial base, aerospace, automotive, robotics, artificial intelligence infrastructure, energy and other strategic industries. The companies also intend to evaluate opportunities related to manufacturing, commercialization, government-supported financing programs, strategic customer relationships and long-term growth initiatives.
The Company believes the proposed collaboration represents the next phase of REalloys' strategy to build a fully integrated North American rare earth platform. Over the past several months, the Company has announced several significant strategic milestones, including its partnership with the United States Army under the Army Strategic Capital Initiatives program to evaluate the development and operation of rare earth processing facilities at the Tooele Army Depot in Utah, the initiation of qualification efforts for defense-grade heavy rare earth materials to support implementation of the January 1, 2027 DFARS 252.225-7052 sourcing requirements, and the completion of a $100 million private placement to strengthen the Company's balance sheet and accelerate execution of its North American growth strategy.