Blackboxstocks merger target, REalloys, enters partnership with SRC

Blackboxstocks (BLBX) is pleased to announce that its merger target, REalloys, has entered into a historic partnership with the Saskatchewan Research Council, anchored by a commercial processing and long-term offtake agreement to expand the heavy rare earth refining capability at SRC’s Rare Earth Processing Facility in Saskatoon, SK. Under the partnership, REalloys has secured 80% of annual production of the upgraded capacity from the facility enabling a compliant, North American supply chain for the company’s defense industrial base clients, including the U.S. Department of Defense. Under the agreements, REalloys will invest approximately US$21 million to expand SRC’s facility, increasing its heavy rare earth processing capacity by an estimated 300% and boosting its light rare earth capacity by 50%. Once fully operational in early 2027, the expanded facility is designed to produce up to 30 tonnes of Dy oxide, 15 tonnes of Tb oxide, and 400 tonnes per year of high-purity NdPr metal, with NdPr output increasing to 600 tonnes per year after the expansion is complete. REalloys has secured the majority of this output under the long-term offtake agreement from SRC under a cost-plus model.