REalloys Inc., the merger target of Blackboxstocks Inc. (NASDAQ: BLBX), has appointed retired four-star General John M. "Jack" Keane as a Designate Director to its board. General Keane will formally join the board upon the closing of the merger between the two companies, which has moved forward as Blackboxstocks' registration statement on Form S-4 has been declared effective by the Securities and Exchange Commission. The merger completion is pending customary closing conditions, including NASDAQ listing approval.
General Keane, former Vice Chief of Staff of the United States Army, brings extensive experience in national security, foreign policy, and strategic leadership to REalloys. His 37-year military career included serving as the Chief Operating Officer of the Army, directing 1.5 million personnel across 120 countries with a $110 billion annual budget. He played a key role in formulating the "Surge" strategy in Iraq and currently serves as Chairman of the Institute for the Study of War and as a Senior Strategic Analyst for Fox News. In March 2020, he was awarded the Presidential Medal of Freedom, the nation's highest civilian honor.
Stephen S. duMont, Chairman of the Board of REalloys and President of GM Defense, stated that General Keane's guidance will be invaluable as the company works to break reliance on foreign adversaries for rare earth supply chains. "We are not just building a company; we are securing the industrial foundation of the free world," duMont said. General Keane echoed this sentiment, noting that dependence on adversaries for strategic resources powering defense systems and the economy is a vulnerability that can no longer be accepted. "I believe that REalloys is taking decisive action in its plan to build the domestic capacity we need to remain free and independent," he said.
REalloys is advancing a fully integrated North American mine-to-magnet supply chain that encompasses upstream resource development, midstream processing, and downstream manufacturing. The company's upstream foundation includes its Hoidas Lake rare-earth asset in Saskatchewan and a diversified network of allied feedstock and recycling partners. Together with the Saskatchewan Research Council, REalloys is building a platform to scale North American midstream separation, refining, and metallization capabilities. These refined materials feed into REalloys' downstream manufacturing operations in Euclid, Ohio, where the company produces advanced alloys and magnet components for defense, clean-energy, and high-performance industrial applications.
The Ohio facility serves federal logistics and procurement agencies supporting the Department of Defense, Department of Energy, and National Aeronautics and Space Administration, in addition to the broader Defense Industrial Base and Organic Industrial Base. For more information, visit https://www.realloys.com.
General Keane joins a board that includes Chairman Stephen S. duMont, Ambassador David MacNaughton, former Canadian Ambassador to the United States, and the Honorable Brad Wall, former Premier of Saskatchewan. This combination of defense, diplomacy, and industrial policy expertise aligns with Title 50 of the U.S. Code, which governs national security and intelligence activities.
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The appointment and pending merger highlight the growing strategic importance of securing domestic rare earth supply chains. Rare earth elements are critical components in technologies ranging from defense systems and electric vehicles to renewable energy infrastructure and consumer electronics. Currently, China dominates global rare earth production and processing, creating supply chain vulnerabilities for Western nations. REalloys' mission to establish a secure, Western-aligned supply chain addresses these national security and economic concerns, potentially reducing geopolitical risks and supporting the transition to clean energy technologies.
Investors and security holders can obtain free copies of documents related to the merger through the SEC website at http://www.sec.gov. The documents filed by Blackboxstocks may also be obtained free of charge from the company's website or by written request to the company's corporate office in Dallas, Texas.
