REalloys Reports Third Quarter 2026 Results
Key Highlights
- ➤Army term sheet covers 200 acres at Tooele for heavy rare earth processing
- ➤Q3 net revenue $0.4 million, up from $0.2 million year-over-year
- ➤Q3 net loss $30.5 million, or $0.44 per diluted share
- ➤Cash reached $116.2 million with a virtually debt-free balance sheet
- ➤NdPr metal production capability at SRC expected beginning first quarter 2027
Expert Statements
Leonard Sternheim, Chief Executive Officer of REalloys
“This quarter we moved further from planning into execution. The term sheet with the U.S. Army at Tooele, the initial funding of expanded NdPr metallization capacity at SRC and continued progress on our heavy rare earth metallization facility advance our path toward North American rare earth metal production, which we are targeting to begin in 2027. With Department of War sourcing restrictions taking effect on January 1, 2027, we believe demand for secure, non-Chinese supplies of NdPr, dysprosium and terbium will continue to grow. We are managing our capital with discipline, sequencing spending to technical and commercial milestones, and we expect to fund our committed programs from existing cash as we take the next steps toward our targeted initial U.S. magnet production by 2030.”
* Subsequent to quarter-end, executed a non-binding term sheet with the Department of the Army setting out the principal terms for negotiating a definitive Enhanced Use Lease for a heavy rare earth processing facility on approximately 200 acres at Tooele Army Depot, Utah * Advanced the Heavy Rare Earth Metallization Facility, targeting commissioning in the first quarter of 2028 with targeted capacity of approximately 50 tonnes of annual dysprosium and terbium oxide * Targeting North American rare earth metal production, with access to NdPr metallization capability at SRC expected beginning in the first quarter of 2027 and dysprosium and terbium metal output from the Company's metallization facility expected in the first half of 2028, addressing the limited North American production of rare earth metals * Provided additional detail on the Company's mine-to-magnet strategy and the steps toward a targeted initial U.S.-based production of approximately 3,000 tonnes per year of sintered NdFeB magnets no later than 2030 * Plans to dedicate approximately $10 million through 2027 to research and development, piloting, and product qualification with the Euclid facility at the center of these activities * Ended the quarter with $116.2 million of cash and a virtually debt-free balance sheet, with spending sequenced to project milestones EUCLID, Ohio, Nov. 13, 2026 (GLOBE NEWSWIRE) -- REalloys Inc. (Nasdaq: ALOY) (the "Company" or "REalloys"), today reported results for the third quarter ended September 30, 2026.
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