REalloys Inc., a U.S.-based mine-to-magnet rare earth company, announced its intention to offer and sell shares of its common stock in an underwritten public offering. The company also intends to grant underwriters a 30-day option to purchase additional shares. All shares in the offering will be offered by REalloys, with the offering subject to market conditions and no assurance of completion timing or terms. Clear Street is acting as lead book-running manager for the proposed offering, while Needham & Company serves as joint book-running manager. The company expects to use net proceeds for working capital and general corporate purposes. The securities will be offered pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission and declared effective on February 10, 2025.
The offering will be made only by means of a prospectus, including a prospectus supplement forming part of the effective shelf registration statement. A preliminary prospectus supplement and accompanying prospectus relating to the securities being offered will be filed with the SEC. Copies may be obtained for free by visiting EDGAR on the SEC's website. REalloys is advancing a 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.
This coordinated system processes and converts heavy rare-earth materials from allied and domestic sources into high-purity products. Those refined materials feed directly 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 National Aeronautics and Space Administration, in addition to the broader Defense Industrial Base and Organic Industrial Base. For more information, visit the company's website.
The press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the satisfaction of closing conditions, prevailing market conditions, and anticipated use of proceeds. These statements reflect management's current expectations and are subject to significant risks and uncertainties beyond the company's control. Actual results may differ materially due to various factors including project development uncertainties, supply-chain reliability, rare-earth price fluctuations, regulatory approvals, and macroeconomic conditions. All forward-looking statements speak only as of the date of the press release, with the company undertaking no obligation to publicly update or revise them except as required by law. Readers are cautioned not to place undue reliance on these statements, which involve numerous known and unknown risks that may cause actual results to differ materially. Risks and uncertainties are described in the company's filings with the SEC, available at the Commission's website.
