REalloys Inc. (NASDAQ: ALOY), a U.S.-based mine-to-magnet rare earth company, announced the pricing of its upsized underwritten public offering of 2,702,702 shares of common stock at $18.50 per share, with gross proceeds expected to reach approximately $50 million. The offering, which includes a 30-day option for underwriters to purchase up to an additional 396,963 shares, is slated to close on or about March 9, 2026, pending customary closing conditions.
The company plans to use the net proceeds for working capital and general corporate purposes, which may include advancing its fully integrated North American mine-to-magnet supply chain. REalloys is developing upstream resource assets like the Hoidas Lake rare-earth deposit in Saskatchewan, partnerships for midstream processing and refining with the Saskatchewan Research Council, and downstream manufacturing in Euclid, Ohio. The Euclid facility produces heavy rare earth metals, alloys, and magnet components for defense, clean-energy, and high-performance industrial applications.
Clear Street is acting as lead book-running manager, with Needham & Company as joint book-running manager. Laidlaw & Company (UK) Ltd. and Muriel Siebert & Co. are co-managers, while Cantor serves as capital markets advisor. The offering is made under an effective shelf registration statement on Form S-3 (File No. 333-284626) filed with the Securities and Exchange Commission (SEC).
This capital raise is significant as it underscores REalloys' efforts to scale North American heavy rare earth separation, refining, and metallization capabilities, reducing reliance on foreign supply chains for critical minerals essential to defense and clean-energy technologies. The company's Ohio facility supports federal agencies including the Department of Defense, Department of Energy, and NASA, positioning it as a key player in the domestic critical minerals supply chain.
Interested parties can obtain copies of the prospectus and supplement via the SEC's EDGAR system at www.sec.gov or by contacting Clear Street or Needham & Company.
