Blackboxstocks Inc. announced that the Nasdaq Capital Market has approved its listing application in connection with its merger with REalloys Inc., with the transaction expected to close after the market closes on February 24, 2026. Following the closing, the combined company will begin trading on the Nasdaq Capital Market under the ticker symbol "ALOY" effective February 25, 2026. REalloys will operate as a publicly traded, vertically integrated North American heavy rare earth platform designed for national security and defense-oriented supply chain resilience.
The company's strategic objective is to become the largest producer of heavy rare earth oxides and metals outside of China by the first half of 2027. REalloys believes it is positioned to be the only North American heavy rare earth platform with a zero-China nexus supply chain aligned with 2027 U.S. defense procurement restrictions. This platform is purpose-built to support the Defense Industrial Base and currently services the Defense Logistics Agency.
REalloys' execution profile is built on existing infrastructure with phased expansion plans, comparatively limited incremental capital requirements, and reduced permitting risk relative to greenfield peers. The company is advancing on what it believes are the most accelerated commercial timelines in the heavy rare earth sector. Its feedstock strategy is designed to be feedstock-agnostic and diversified, avoiding reliance on a single captive source of feedstock and mitigating supply concentration risk that constrains many competing platforms.
The company is currently executing a phased scale strategy across oxide separation, metallization, and downstream magnet initiatives. This includes collaboration efforts with JOGMEC, described as the most leading-edge organization on magnets outside of China, to support high-performance magnet manufacturing for strategic and protected markets. REalloys enters the public markets as national security, advanced manufacturing, and allied supply chains converge around the need for dependable, China-free heavy rare earth capability.
REalloys Inc. is advancing a fully integrated North American mine-to-magnet supply chain encompassing 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.
This coordinated system processes and converts rare-earth materials from allied and domestic sources into high-purity products. Those refined materials feed directly 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, the Department of Energy, and National Aeronautics and Space Administration, in addition to the broader Defense Industrial Base and Organic Industrial Base.
Investors and security holders can obtain free copies of documents related to the merger through the website maintained by the SEC at http://www.sec.gov. The documents filed by Blackboxstocks may be obtained free of charge from the Company's website at https://blackboxstocks.com or by written request to the company. Additional information about REalloys is available at http://www.realloys.com.
