Overview
- REalloys signed a memorandum of understanding to take up to 10% of future output from the Sheep Creek rare earth project in Montana.
- The agreement adds U.S. feedstock rich in dysprosium, terbium, yttrium, and neodymium-praseodymium used to make high-strength magnets for fighter jets, missile guidance, and radar.
- The company plans to convert separated oxides into finished metals and magnet-grade alloys, describing one of the few North American platforms targeting heavy rare earth metal production at scale.
- New U.S. procurement rules effective January 1, 2027 will bar Chinese-origin rare earths from defense systems, leaving a short window to shift to domestic and allied supply.
- Metallization remains the key bottleneck outside China, and REalloys’ co-founder Tim Johnston said even with strong execution and capital it takes years to build that capability.