REalloys Inc., a U.S.-based mine-to-magnet rare earth company, has closed an upsized 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. Clear Street served as lead book-running manager, with Needham & Company as joint book-running manager, while Laidlaw & Company (UK) Ltd. and Muriel Siebert & Co., LLC acted as co-managers. Cantor served as capital markets advisor to the company.
The net proceeds from the offering are intended for working capital and general corporate purposes. This capital infusion comes as REalloys advances its fully integrated North American supply chain, which encompasses upstream resource development, midstream processing, and downstream manufacturing. The company's operations include its Hoidas Lake rare-earth asset in Saskatchewan and a manufacturing facility in Euclid, Ohio, where it produces advanced heavy rare earth metals, alloys, and magnet components.
REalloys' integrated approach addresses critical supply chain vulnerabilities in strategic sectors. The company's products serve defense, clean-energy, and high-performance industrial applications, with its Ohio facility supporting federal agencies including the Department of Defense, the Department of Energy, and NASA. In partnership with the Saskatchewan Research Council, REalloys is developing capabilities to scale North American heavy rare earth separation, refining, and metallization processes.
The securities were offered pursuant to a shelf registration statement previously filed with the Securities and Exchange Commission. A preliminary prospectus supplement was filed on March 5, 2026, with the final version filed the following day. Copies of these documents are available through the SEC's EDGAR database at https://www.sec.gov. The offering represents a significant step in financing the company's expansion of domestic rare earth production capacity, reducing reliance on foreign sources for materials essential to national security and energy transition technologies.
