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REalloys (NASDAQ: ALOY) Announces Landmark Partnership Agreement with The United States Army & Army’s Strategic Capital Initiatives to Operate Processing Facilities on The Tooele Army Base in Utah
GlobeNewswire Inc.·
REalloys (NASDAQ: ALOY) has been conditionally selected by the U.S. Army to design, finance, build, and operate heavy rare earth processing facilities at Tooele Army Depot in Utah. The facility will refine dysprosium and terbium for defense applications, with initial operating capability targeted for 2028 to meet the January 1, 2027 federal procurement ban on Chinese materials. The partnership operates through an Enhanced Use Lease requiring no taxpayer subsidies.
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