REalloys Set to Go Public, Secures Key Off-Take Deal with Critical Metals Corp.
REalloys, one of the few full-cycle rare earth processors in the United States, is set to go public. The private company is completing an S-4 merger to list on Nasdaq under the ticker BLBX. This move comes as the company secures a strategic off-take agreement with Critical Metals Corp., marking a significant step for both entities.
Lipi Mainheim, the Chairman and CEO of REalloys, views the Tanbreez project as a crucial opportunity for his company. Critical Metals Corp., led by Tony Sage, has signed a Letter of Intent for an off-take agreement with REalloys Inc. This multi-year agreement will see REalloys purchasing up to 15% of the annual production of rare earth concentrate from Critical Metals' Tanbreez Project.
The agreement, subject to customary conditions such as due diligence and necessary approvals, is a key step for Critical Metals Corp. as it looks to enter the U.S. market. Both parties have executed the Letter of Intent and are diligently working towards finalising the definitive documentation.
REalloys' upcoming public listing and the strategic off-take agreement with Critical Metals Corp. position both companies for growth in the rare earths sector. The agreement, once finalised, will see REalloys securing a significant portion of its annual production needs from the Tanbreez Project, further strengthening its position as a leading rare earth processor in the United States.
