Blackboxstocks' Merger Target REalloys Signs Joint MOU With Saskatchewan Research Council To Begin Working Together To Advance REA's Initiative Of Commercial Production Of High-Performance Rare Earth Magnet Materials

Author: Benzinga Newsdesk | May 19, 2025 07:38am

Blackboxstocks Inc. (NASDAQ:BLBX), ("Blackbox" or the "Company"), announces that its merger target REalloys Inc. ("REA" or "REalloys"), has signed a joint Memorandum of Understanding ("MOU") with the Saskatchewan Research Council ("SRC") to begin working together to advance REA's initiative of commercial production of high-performance rare earth magnet materials. REA's planned production starts in Q2, with targeted expansion to 500 metric tonnes ("mt") per year of magnet materials in 2026, and 1,000 mt by 2028.   This is a major milestone to achieve the objective of a secure & resilient North American magnet materials & magnets supply chain focused on demand from U.S. Protected Markets (includes: National Defense Stockpiles ("NDS"), Defense Industrial Base ("DIB"), Nuclear Industrial Base ("NIB"), Robotics, Electric Aviation, Critical Infrastructure industries, and for U.S. Partner Countries with Defense Treaties, Alliances & Agreements).

By combining REA's mid-stream production capabilities in heavy rare earth dysprosium-terbium ("DyTb") metals with SRC's mid-stream production capabilities in light rare earth neodymium-praseodymium ("NdPr") metals, high performance magnet materials can now be made in North America, at REA's Euclid, Ohio facility, to supply U.S. Protected Markets.

Posted In: BLBX