Latest news with #REalloys
Yahoo
21 hours ago
- Business
- Yahoo
REAlloys Appoints Canada's former Ambassador to the United States David MacNaughton to Corporate Board of Directors
DALLAS, July 29, 2025 (GLOBE NEWSWIRE) -- Blackboxstocks Inc. (NASDAQ: BLBX), ('Blackbox' or the 'Company'), announces that its merger target REalloys Inc. ('REA' or 'REalloys') a vertically integrated critical mineral company, today announced the appointment of David MacNaughton, Canada's former Ambassador to the US, to its Corporate Board of Directors. David MacNaughton served as Canada's ambassador to the United States from 2016 to 2019 during the first Trump Administration. Ambassador MacNaughton successfully represented Canadian interests in the complex negotiations leading to the 2020 United States-Mexico-Canada Agreement (USMCA). The USMCA, which substituted the North America Free Trade Agreement (NAFTA) and was a mutually beneficial win for North American workers, farmers, ranchers, and businesses, created a more balanced, reciprocal trade supporting high-paying jobs for Americans and Canadians and opportunities for growing the North American economy. Ambassador MacNaughton was formerly Chairman of StrategyCorp and served as Canadian and North American president of Hill and Knowlton. He also headed Strathshore Financial, Inc. where he did mergers and acquisitions with a special focus on structuring public-private partnerships. He stepped down from his position as Ambassador in 2019 in order to join Palantir Technologies as President of Palantir's Canadian office. He also served on the Board of TC Energy Corporation, which operates 92,000 kilometers of gas pipeline and transports more than 25% of North American natural gas demand. As REalloys progresses in building its vertically integrated rare earth supply chain, with fully owned upstream asset Hoidas Lake in Saskatchewan, an MOU with The Saskatchewan Research Council on a strategic collaborative relationship in which SRC will provide midstream services to REA in support of this effort, and downstream capability with the acquisition of PMT Critical Metals in the United States, Ambassador MacNaughton will contribute his extensive expertise in public-private partnerships and North American statecraft to ensure REalloys' consortium meets its targets to enable North America to substantially divest from reliance on China during the timeframe of the current Canadian and US Administrations. David MacNaughton mentioned: 'I am thrilled to join the first Canada-US critical mineral consortium that has proven capacity in both light and heavy rare earths processing and metallization. Canada and the United States share a long border and close economic and national security cooperation. I am laser focused on practical ways to create win-win outcomes strategically and collaboratively, particularly in the national security space. REalloys will meaningfully benefit the United States, Canada, and the entire Western World.' About REAlloys Inc. REAlloys Inc. (REA) operates a downstream magnet material, critical metals, alloys, & magnet manufacturing facility, located in Euclid, Ohio, and owns the Hoidas Lake Rare Earth Elements Project, located in Saskatchewan, Canada. The project boasts a significant Mineral Resource Estimate of 2,153,000 tons of Total Rare Earth Oxides (TREO) in the Measured and Indicated categories, with significant potential upside. The Hoidas Lake deposit is distinguished by its unique combination of both Heavy Rare Earth Elements (HREEs), including Dysprosium, Terbium, Gadolinium, and Erbium, as well as Light Rare Earth Elements (LREEs) such as Neodymium, Praseodymium, Cerium, and Lanthanum. REA is expanding its Ohio facility's production capacity and is concurrently de-risking and advancing its HLREE Project. By incorporating additional verified rare earth element sources, toll manufacturing, and expanding the Euclid Facility's installed manufacturing capacity, REA is positioned to meet U.S. Protected Markets high performance magnet materials, critical metals, and magnets demand on an accelerated timeline. For more information, go to About Blackboxstocks Inc. Blackboxstocks Inc. is a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders of all levels. Our web-based software employs "predictive technology" enhanced by artificial intelligence to find volatility and unusual market activity that may result in the rapid change in the price of a stock or option. Blackbox continuously scans the NASDAQ, New York Stock Exchange, CBOE, and all other options markets, analyzing over 10,000 stocks and up to 1,500,000 options contracts multiple times per second. We provide our users with a fully interactive social media platform that is integrated into our dashboard, enabling our users to exchange information and ideas quickly and efficiently through a common network. We recently introduced a live audio/screenshare feature that allows our members to broadcast on their own channels to share trade strategies and market insight within the Blackbox community. Blackbox is a SaaS company with a growing base of users that spans over 40 countries. For more information, go to ContactsBlackboxstocks PCG AdvisoryJeff Ramson(646) 863-6893jramson@ REAlloys ArgyleCEO REalloys Safe Harbor Clause and Forward-Looking Statements This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'expose,' 'intend,' 'may,' 'might,' 'opportunity,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'will,' 'would' and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (a) those factors described under the heading 'Risk Factors' in our filings with the SEC, including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time; (b) that the Company and REalloys may be unable to complete the proposed Merger and related transactions because, among other reasons, conditions to the closing of the proposed transaction may not be satisfied or waived; (c) uncertainty as to the timing of completion of the proposed Merger and related transactions; (d) the inability to complete the proposed transaction due to the failure to obtain Company stockholder approval for the proposed Merger and related transactions or the failure to satisfy other conditions to completion of the proposed Merger and related transactions; (e) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (f) risks related to disruption of management's attention from the Company's ongoing business operations due to the proposed transaction; (g) the effect of the announcement of the proposed transaction on the Company's relationships with its customers and suppliers, and on its operating results and business generally and (h) the outcome of any legal proceedings to the extent initiated against Company, REalloys or others following the announcement of the proposed transaction, as well as the Company's and REalloys' management's response to any of the aforementioned factors. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under 'Risk Factors' in our SEC filings may not be exhaustive. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods. Disclosure Information Blackbox uses and intends to continue to use its Investors website at as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the Company's Investors website, in addition to following the Company's press releases, SEC filings, public conference calls, presentations and in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
11-07-2025
- Business
- South China Morning Post
Rare earth realisation: US must tackle tech, pollution despite Pentagon move, CEO says
The United States is scrambling to reduce its dependence on rare earths from China, with the Pentagon splashing out US$400 million on Thursday to become the largest shareholder in American miner MP Materials. While some say the move will help wean the US off the Chinese supply, a senior American industry executive has warned that a variety of hurdles face US and European mining efforts – from securing the necessary midstream technology to obtaining government permits for what can be a highly pollutive and sometimes radioactive mining process. 'It depends upon the strategy and who's doing it,' David Argyle, CEO of Ohio-based REalloys, said during a Zoom interview on Friday. If all of the conditions are met, he said, 'you can make big inroads, maybe achieving 40 [or] 50 per cent of the US' strategic needs. You can probably have [the rare earth problem] solved in 2027 [or] 2028'. REalloys delivers high-end magnet materials and magnets for US-protected markets, including the US National Defence Stockpile, US Defence Industrial Base, US Nuclear Industrial Base, robotics, electric aviation and critical infrastructure industries. Beijing has tightened its grip over supplies of middle and heavy rare earths as leverage in its trade war with Washington, forcing the US side to ease its tech curbs during talks in London in early June.
South China Morning Post
29-06-2025
- Business
- South China Morning Post
Will the world need subsidies and tariffs to respond to China's rare earth export curbs?
China's halt on rare earth exports will fuel efforts to build alternative production capacity overseas despite technical and financial challenges, according to REalloys, an American firm that is involved in the industry. But the buildout would be costly and protracted due to technical challenges and could require subsidies and tariffs to stave off competition from Chinese products, which have dominated the global market for nearly three decades, analysts said. 'China has done a remarkable job at putting these supply chains for critical metals together,' said REalloys CEO David Argyle in an interview on June 16. 'Once you control these supply chains, it is very difficult for new entrants [to] displace [them] because it is a zero-sum game.' Last year, China accounted for 69 per cent of the world's rare earth ore production, but it controlled 90 per cent of global downstream processing, which turns rare earth oxides or other compounds into a metallic form, he said. China also dominates the global market for heavy rare earths, which go into high-performance magnets used in defence products, electric vehicles and wind turbine generators, with a share of 98 to 99 per cent. 'China has a very strong card to play [in trade negotiations], which doesn't impact tens of thousands of Chinese jobs,' he said. 'But they have overplayed it this time because the recent supply halt resulted in minor shutdowns at automotive plants in the US and Europe.' Ohio-based REalloys planned to spend more than US$50 million to set up a production line capable of making 1,000 tonnes of high-performance magnet materials by 2027, in collaboration with Canada's Saskatchewan Research Council, Argyle said. REalloys will source ore mined in Brazil for processing in Canada, in addition to recycled sources, he said. The development of a mine in the Canadian province of Saskatchewan was also on the cards.
South China Morning Post
29-06-2025
- Business
- South China Morning Post
China's rare earth curbs spur overseas projects to reduce reliance, says US developer
China's halt on rare earth exports will fuel efforts to build alternative production capacity overseas despite technical and financial challenges, according to REalloys, an American firm that is involved in the industry. But the buildout would be costly and protracted due to technical challenges and could require subsidies and tariffs to stave off competition from Chinese products, which have dominated the global market for nearly three decades, analysts said. 'China has done a remarkable job at putting these supply chains for critical metals together,' said REalloys CEO David Argyle in an interview on June 16. 'Once you control these supply chains, it is very difficult for new entrants [to] displace [them] because it is a zero-sum game.' Last year, China accounted for 69 per cent of the world's rare earth ore production, but it controlled 90 per cent of global downstream processing, which turns rare earth oxides or other compounds into a metallic form, he said. China also dominates the global market for heavy rare earths, which go into high-performance magnets used in defence products, electric vehicles and wind turbine generators, with a share of 98 to 99 per cent. 'China has a very strong card to play [in trade negotiations], which doesn't impact tens of thousands of Chinese jobs,' he said. 'But they have overplayed it this time because the recent supply halt resulted in minor shutdowns at automotive plants in the US and Europe.' Ohio-based REalloys planned to spend more than US$50 million to set up a production line capable of making 1,000 tonnes of high-performance magnet materials by 2027, in collaboration with Canada's Saskatchewan Research Council, Argyle said. REalloys will source ore mined in Brazil for processing in Canada, in addition to recycled sources, he said. The development of a mine in the Canadian province of Saskatchewan was also on the cards.
