REalloys Inc. (Nasdaq: ALOY) Announces Closing of $100 Million Private Placement

REalloys Inc. (Nasdaq: ALOY), a rare earth mine-to-magnet company, closed a private placement of 7,017,540 shares at $14.25 per share, raising approximately $100 million in gross proceeds. The company plans to use net proceeds for working capital and general corporate purposes to advance its integrated North American rare earth supply chain, including its Hoidas Lake asset in Saskatchewan and downstream manufacturing operations in Ohio.