Blackboxstocks announces merger target has signed MOU with St. George Mining

Blackboxstocks (BLBX) announces that its merger target, REalloys, announced that it has signed a Memorandum of Understanding, MOU, with St George Mining to collaborate on the commercialization of rare earth minerals from their Araxa Project in Minas Gerais, Brazil. Under the alliance, REalloys and St George will enter into a long-term offtake agreement to secure REalloys access to up to 40% of Araxa’s rare earth production. The two companies will also collaborate on advanced programs to enhance processing and maximize recoveries from Araxa’s high-grade resource. Together, these efforts reinforce and strengthen REalloys’ role as a cornerstone of the U.S. defense and industrial magnet materials supply chain.