REalloys Secures $1.7M DOD Contract for Rare Earths Plant
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
REalloys, an Ohio-based rare earths company, secures a $1.7M contract from the US Department of War to design a processing facility for samarium and gadolinium. This move positions REalloys as a major domestic supplier, addressing Chinas export curbs and enhancing US independence in the critical mineral supply chain. The contract spans two phases over twenty-four months, with REalloys recently trading on Nasdaq and advancing a mine and processing deal in Canada.
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