By Chris Wack
REalloys shares were 7% higher, at $13.38, after the company said the Saskatchewan Research Council is expected to supply high-purity heavy rare earth materials to REalloys for qualification in the fourth quarter of 2026.
The company said SRC will produce magnet-grade Dysprosium and Terbium oxides for REalloys.
The oxides are expected to support REalloys' downstream metallization and permanent magnet manufacturing strategy at its Euclid, Ohio, facility.
REalloys said the anticipated materials are intended to support customer qualification activities, supply-chain validation and commercial engagement efforts ahead of its planned commercial production ramp and before Jan. 1, 2027.
The company said that successful qualification can serve as a precursor to long-term commercial supply agreements with defense, aerospace, industrial and other permanent magnet producers.
REalloys has secured exclusive offtake for 80% of the commercial output from SRC's heavy rare earth separation and metallization facility, providing a source of materials for downstream magnet manufacturing. This SRC facility's initial commercial production is on track for early 2027.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
June 10, 2026 12:48 ET (16:48 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.