REAlloys has secured full financing to construct a heavy rare-earth metallization facility in Euclid, Ohio, capable of converting neodymium-praseodymium, dysprosium and terbium oxides into magnet-grade alloys. This plant will be the largest heavy rare-earth metallization operation outside China and integrate directly with the company’s existing Euclid infrastructure.

The Saskatchewan Research Council will supply bulk NdPr and valuable dysprosium and terbium oxides for the Euclid metallization process. This partnership ensures a steady upstream feed of critical heavy rare-earth elements required for high-performance permanent magnet production in North America.

U.S. procurement rules banning Chinese-origin rare earth materials in military systems take effect in 2027, creating an urgent need for domestic metallization capacity. The new facility aims to mitigate a critical bottleneck for components used in missile guidance systems, radar arrays and advanced avionics.

REAlloys plans a parallel NdFeB magnet manufacturing plant with an initial 3,000-ton annual capacity, scalable to 10,000 tons per year. At full scale, it could produce enough magnets for over 1.5 million electric vehicles, thousands of wind turbines and a range of industrial and medical systems.