REalloys Inc. (NASDAQ: ALOY), a U.S.-based mine-to-magnet rare earth company, announced today its intention to offer and sell shares of its common stock in an underwritten public offering. The company also plans to grant the underwriters a 30-day option to purchase additional shares. All shares in the offering are to be sold by REalloys. The offering is subject to market conditions and other factors, with no assurance of completion, size, or terms.
Clear Street is acting as lead book-running manager, and Needham & Company as joint book-running manager. REalloys expects to use the net proceeds for working capital and general corporate purposes. The securities will be offered under a shelf registration statement on Form S-3 (File No. 333-284626) filed with the Securities and Exchange Commission (SEC) and declared effective on February 10, 2025. The offering will be made only by means of a prospectus, including a prospectus supplement. Copies will be available for free on the SEC's website at www.sec.gov. Alternatively, requests can be made to Clear Street or Needham & Company.
REalloys is advancing a fully integrated North American mine-to-magnet supply chain, covering upstream resource development, midstream processing, and downstream manufacturing. Its upstream foundation includes the Hoidas Lake rare-earth asset in Saskatchewan and a network of allied feedstock and recycling partners. Together with the Saskatchewan Research Council, REalloys is building a platform to scale North American heavy rare earth midstream separation, refining, and metallization capabilities. These refined materials feed into its downstream manufacturing operations in Euclid, Ohio, where the company produces advanced heavy rare earth metals, alloys, and magnet components for defense, clean-energy, and high-performance industrial applications. The Ohio facility serves federal logistics and procurement agencies supporting the Department of Defense, Department of Energy, and NASA, as well as the broader Defense Industrial Base.
The offering is subject to market conditions, and there can be no assurance of completion. This press release does not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction where such offer would be unlawful.
