REalloys Signs LoI With Patriot Exploration & Mining To Secure Priority Access To Up To ~30% Of Patriot's Rare Earth Production
REalloys Inc.
REalloys Inc. ALOY | 0.00 |
- REalloys has signed a non-binding Letter of Intent with Patriot Exploration & Mining, LLC ("Patriot"), a U.S.-based rare earth exploration and development company with access to a reported 2 billion metric tons of above-ground, rare earth element-bearing material across more than 150 tested sites spanning the Appalachian Basin from Alabama to Pennsylvania — establishing a framework for REalloys to secure priority access to up to approximately 30% of Patriot's rare earth production.
- Patriot's feedstock includes the priority magnet metals central to REalloys' midstream platform, neodymium, dysprosium, praseodymium, and terbium
- Under the LOI, the parties will conduct metallurgical test work on Patriot's rare earth materials and complete bench-scale and pilot-scale validation to confirm compatibility with REalloys' processing platform.