REalloys invests $20.6M in SRC facility, secures rare earth supply
REalloys Inc. provided a major update on its commercial agreements with the Saskatchewan Research Council (SRC), committing approximately $20.6 million to upgrade SRC's rare earth processing facility. This investment secures long-term supply rights for commercial-scale Neodymium-Praseodymium (NdPr) metals, and Dysprosium (Dy) and Terbium (Tb) oxides, with REalloys holding exclusive preferred supply rights to up to 80% of the expanded output. The company also reported progress on its REalloys-funded Heavy Rare Earth Metallization Facility, which is on track for Dy and Tb metal production by Q4 2027, aiming to deliver critical heavy rare earth materials to U.S. defense supply chains ahead of 2027 procurement restrictions.
Key Highlights
- REalloys committed $20.6 million to upgrade SRC's rare earth processing facility.
- Secured long-term supply rights for commercial-scale NdPr metals, Dy and Tb oxides from SRC.
- SRC facility's initial commercial production remains on track for early 2027.
- Engineering is underway for the REalloys-funded Heavy Rare Earth Metallization Facility.
- SRC facility's ultimate target production capacity is 525 tonnes NdPr, 30 tonnes Dy, and 15 tonnes Tb annually.
- REalloys holds exclusive preferred supply rights to up to 80% of SRC's expanded output.
- Heavy Rare Earth Metallization Facility is on track to deliver Dy and Tb metal production by Q4 2027.
- REalloys recently raised $50 million through an underwritten public offering in March 2026.
Price Impact
More from ALOY