REalloys Inc., a U.S.-based mine-to-magnet rare earth company, has closed its underwritten public offering, raising approximately $50 million in gross proceeds. The company sold 2,702,702 shares of common stock at $18.50 per share, with underwriters granted a 30-day option to purchase up to an additional 396,963 shares.
The offering's importance lies in its role in financing a fully integrated North American rare earth supply chain, a strategic priority for U.S. national security and economic independence. REalloys operates across upstream resource development, midstream processing, and downstream manufacturing, with its upstream foundation including the Hoidas Lake rare-earth asset in Saskatchewan and a network of allied feedstock and recycling partners. In partnership with the Saskatchewan Research Council, the company is building a platform to scale North American heavy rare earth separation, refining, and metallization capabilities.
The net proceeds are intended for working capital and general corporate purposes, supporting operations that directly serve federal agencies including the Department of Defense, the Department of Energy, and NASA, as well as the broader Defense Industrial Base. This funding enables the processing and conversion of heavy rare-earth materials into high-purity products at its Ohio facility, which produces advanced metals, alloys, and magnet components for defense, clean-energy, and high-performance industrial applications.
The securities were offered pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. A final prospectus supplement and accompanying prospectus relating to the offering was filed on March 6, 2026. Copies of the preliminary prospectus supplement and accompanying prospectus may be obtained for free by visiting EDGAR on the SEC's website at https://www.sec.gov.
Clear Street acted as lead book-running manager for the offering, with Needham & Company as joint book-running manager. Laidlaw & Company (UK) Ltd. and Muriel Siebert & Co., LLC acted as co-managers, while Cantor served as capital markets advisor. This financial backing reduces reliance on imported rare earth elements, which are critical for technologies ranging from electric vehicles and wind turbines to military systems, thereby mitigating supply chain vulnerabilities highlighted by global trade tensions.
The development of a domestic rare earth supply chain has implications for job creation, technological innovation, and securing materials essential for the clean energy transition and national defense. For more information, visit https://www.realloys.com. The press release contains forward-looking statements subject to risks and uncertainties, as detailed in the company's SEC filings available at https://www.sec.gov.
