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REalloys Inc. (Nasdaq: ALOY) Announces Closing of $100 Million Private Placement
REalloys Inc. (Nasdaq: ALOY) Announces Closing of $100 Million Private
About this update from Realloys Inc.
EUCLID, Ohio, June 26, 2026 (GLOBE NEWSWIRE) -- REalloys Inc. (Nasdaq: ALOY) (“REalloys” or the “Company”), a U.S.-based mine-to-magnet rare earth company, today announced the closing of its previously announced private placement for the purchase and sale of an aggregate of 7,017,540 shares of common stock at a purchase price of $14.25 per share, resulting in aggregate gross proceeds of approximately $100 million, before deducting placement agent fees and estimated offering expenses. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.Clear Street LLC acted as the sole placement agent for the offering.Haynes and Boone, LLP served as legal counsel to REalloys for the offering. Paul Hastings LLP served as legal counsel to Clear Street LLC for the offering. The securities being sold in the offering have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws and accordingly may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. The Company has agreed to file a registration statement with the Securities and Exchange Commission registering the resale of the shares of Common Stock sold in the private placement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of any securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.About REalloys Inc. REalloys Inc. is advancing a fully integrated North American mine-to-magnet supply chain encompassing upstream resource development, midstream processing, and downstream manufacturing. REalloys’ upstream foundation includes its Hoidas Lake rare earth asset in Saskatchewan and a diversified network of allied feedstock and recycling partners. Together with SRC, REalloys is funding and contracting the scale-up of North American heavy rare earth midstream separation, refining, and metallization capabilities, securing exclusive access to the comme...