MoUMay 28, 2026, 04:23 PM
Ramaco Resources Signs Non-Binding MOU with REalloys for Rare Earths
AI Summary
Ramaco Resources announced a non-binding Memorandum of Understanding (MOU) with REalloys, Inc. to establish a strategic relationship. The MOU aims to bolster America's domestic rare earth and permanent magnet supply chain. Under the agreement, Ramaco would supply Mixed Rare Earth Carbonate (MREC) from its Wyoming project and separated scandium oxide from its Brook Mine refinery to REalloys for processing and metallization. This partnership is intended to create a resilient, ex-China supply chain for critical minerals.
Key Highlights
- Ramaco Resources entered a non-binding Memorandum of Understanding (MOU) with REalloys, Inc.
- The MOU aims to bolster America's domestic rare earth and permanent magnet supply chain.
- Ramaco will supply Mixed Rare Earth Carbonate (MREC) from its Wyoming project.
- REalloys will separate MREC into rare earth oxides at its Saskatchewan Research Council facility.
- Ramaco will also supply separated scandium oxide from its Brook Mine refinery.
- Scandium oxide will be used for alloy metallization at REalloys' Euclid, Ohio facility.
- The partnership seeks to underpin a resilient, ex-China permanent magnet supply chain.
Price Impact
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