REalloys Secures $100M Private Placement to Boost Working Capital
ALOY•REalloys has agreed to sell common stock to institutional investors for gross proceeds of approximately $100 million, with closing expected by June 26, 2026. Net proceeds will fund working capital and general corporate purposes, supporting the expansion of its North American mine-to-magnet rare earth supply chain.
1. Private Placement Terms
REalloys entered into a securities purchase agreement with institutional investors to sell common stock, targeting gross proceeds of about $100 million. The transaction is poised to close on or about June 26, 2026, subject to customary closing conditions.
2. Allocation of Proceeds
The company plans to deploy net proceeds toward working capital and general corporate purposes, bolstering resource development and processing operations across its mine-to-magnet supply chain.
3. Placement Agent and Legal Counsel
Clear Street LLC is serving as the sole placement agent for the offering. Haynes and Boone, LLP represents REalloys, while Paul Hastings LLP advises Clear Street LLC in the transaction.
4. Company Background
REalloys is developing a fully integrated North American rare earth supply chain, with upstream assets at Hoidas Lake, Saskatchewan, and a downstream manufacturing facility in Euclid, Ohio serving federal and defense customers, including the Departments of Defense and Energy.
