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REalloys Advances $20.6M SRC Facility Investment, Targeting 525 Tonnes NdPr And 45 Tonnes Combined Dy And Tb Annual Capacity

Benzinga·05/26/2026 11:08:12
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  • Pursuant to its December 2025 suite of commercial agreements, REalloys has committed approximately $20.6 million to invest in targeted upgrades to the Saskatchewan Research Council's ("SRC") rare earth processing facility, intended to support expanded throughput of rare earth element materials.
  • REalloys has also secured long-term supply rights to commercial-scale Neodymium-Praseodymium (NdPr) rare earth metals, and Dysprosium (Dy) and Terbium (Tb) oxides from SRC's facility pursuant to these agreements.
  • It is still anticipated that initial commercial production from SRC's Rare Earth Processing Facility in Saskatoon remains on track for early 2027, with staged commissioning already underway.
  • Engineering is underway for the REalloys-funded Heavy Rare Earth Metallization Facility; major equipment procurement is now in progress exclusively with Western and allied-nation suppliers, with overall equipment costs tracking below the original budget.
  • REalloys recently raised $50 million through an underwritten public offering in March 2026; REalloys is currently on track to secure the Western Hemisphere's first fully compliant commercial-scale supply of heavy rare earth metals ahead of 2027 U.S. defense procurement restrictions on Chinese-sourced materials