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 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 and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.
Clear Street is acting as lead book-running manager, and Needham & Company is acting as joint book-running manager for the proposed offering. REalloys expects to use the net proceeds for working capital and general corporate purposes. The securities will be offered pursuant to a shelf registration statement on Form S-3 (File No. 333-284626) previously 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, forming a part of the effective shelf registration statement. A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC. Copies may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, contact Clear Street at ecm@clearstreet.io or Needham & Company at prospectus@needhamco.com or by telephone at (800) 903-3268.
This announcement comes as REalloys advances its fully integrated North American mine-to-magnet supply chain, encompassing upstream resource development, midstream processing, and downstream manufacturing. The company's upstream foundation includes its Hoidas Lake rare-earth asset in Saskatchewan and a diversified 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 REalloys' 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, the Department of Energy, and NASA, in addition to the broader Defense Industrial Base.
The offering underscores REalloys' strategy to strengthen its financial position as it scales operations in the critical minerals sector. The company's ability to complete the offering depends on market conditions and other factors, and there is no guarantee of its completion. Investors are advised to read the preliminary prospectus supplement and accompanying prospectus for more complete information about REalloys and the proposed offering.
