Blackboxstocks Inc. (Nasdaq: BLBX) announced the successful closing of its merger with REalloys Inc., effective after market close on February 24, 2026. The combined company will operate as REalloys Inc. and begin trading on the Nasdaq Capital Market under the ticker symbol "ALOY" at the open on February 25, 2026, marking the public market debut of a vertically integrated North American heavy rare earth platform.
The transaction positions REalloys as a key player in establishing a secure, zero-China nexus supply chain aligned with U.S. defense procurement priorities. The company aims to become the largest producer of heavy rare earth oxides and metals outside of China by the first half of 2027, leveraging advanced commercial-scale separation and metallization assets. Key platform attributes include a compliance advantage for anticipated 2027 U.S. defense procurement restrictions, an advanced execution profile with reduced permitting risk, and a feedstock diversification strategy utilizing allied and domestic sources.
REalloys' integrated mine-to-magnet strategy encompasses upstream, midstream, and downstream operations. Upstream assets include the 100% owned Hoidas Lake rare earth asset in Saskatchewan and a strategic partnership with Mission Critical Materials. Midstream capabilities involve expansion of North American separation, refining, and metallization in partnership with the Saskatchewan Research Council. Downstream, the company owns PMT Critical Metals, the only advanced heavy rare earth metallization facility in the continental U.S., serving federal agencies such as the Department of Defense, Department of Energy, and NASA.
As part of the merger, Blackboxstocks' board authorized a dividend of one contingent value right (CVR) per share, payable immediately prior to the merger's consummation. The CVRs represent rights to receive cash payments from certain transactions involving Blackbox.io Inc., a subsidiary that will continue historical operations of Blackboxstocks.
REalloys enters public markets at a time when geopolitical considerations and national security priorities are driving demand for China-independent heavy rare earth capabilities. The company's integrated growth path includes collaboration with the Japan Organization for Metals and Energy Security (JOGMEC) to support high-performance magnet manufacturing. With phased expansion plans and limited incremental capital requirements, REalloys is positioned to scale its operations to serve defense, advanced manufacturing, and protected industrial markets.
For more information, visit www.realloys.com. Forward-looking statements in this release involve risks and uncertainties, including those detailed in the company's SEC filings available at www.sec.gov.
