MoUMay 28, 2026, 07:02 AM
REalloys Signs MOU with Ramaco for Rare Earth Supply
AI Summary
REalloys Inc. announced a non-binding Memorandum of Understanding (MOU) with Ramaco Resources, Inc. to evaluate a strategic long-term partnership for the supply and commercialization of rare earth and critical mineral products from Ramaco's Brook Mine operation in Wyoming. This collaboration aims to establish resilient domestic critical mineral supply chains, with REalloys potentially securing supply rights for up to 20% of Ramaco's future mixed rare earth carbonate (MREC) and critical materials production. The partnership supports REalloys' phased commercialization strategy to scale North American rare earth processing and magnet manufacturing.
Key Highlights
- REalloys signed a non-binding MOU with Ramaco Resources for rare earth and critical mineral supply.
- MOU establishes a framework for REalloys to secure up to 20% of Ramaco's future MREC and critical materials production.
- Companies will collaborate on metallurgical testing, product qualification, and commercial evaluation of MREC and scandium oxide.
- Partnership aims to establish resilient domestic U.S. critical mineral supply chains.
- REalloys' Phase 1 production (late 2026/early 2027) targets 525 tpa NdPr, 25 tpa Dy, 12 tpa Tb metal.
- REalloys' Phase 2 production (late 2029/early 2030) targets 3,000 tpa NdPr, 200 tpa Dy, 45 tpa Tb metal.
- Ramaco's Brook Mine MREC may contain neodymium, praseodymium, dysprosium, terbium, yttrium, samarium, gadolinium, and scandium.
Price Impact
More from ALOY