Overview
- The companies agreed to a non‑binding memorandum of understanding to carry out metallurgical testing, product qualification, and commercial evaluation of mixed rare earth carbonate and scandium oxide from Ramaco’s Brook Mine.
- Under the framework, REalloys may secure supply rights for up to 20% of Ramaco’s future mixed rare earth carbonate and critical‑materials production if testing and negotiations reach definitive agreements.
- Ramaco would supply MREC feedstock from the Brook Mine while REalloys would perform separation work at its Saskatchewan Research Council facility and conduct alloy metallization at its Euclid, Ohio site.
- Both firms emphasize the early and conditional nature of the work with standard forward‑looking disclaimers that make future production, offtake, financing, and permitting dependent on test results and later contracts.
- The partnership is pitched as a way to build U.S. rare‑earth and scandium capacity using existing mine and processing infrastructure, a step that could support domestic magnet and clean‑energy supply chains and local jobs if it proves technically and commercially viable.