Ohio based PMT Critical Metals Inc. Produces Rare Earth Magnet Materials for the US Defense Logistics Agency and the US Department of Energy
Strategic Acquisition Strengthens North American Integrated Rare Earth Mine-to-Magnet Supply Chain
DALLAS, April 09, 2025 (GLOBE NEWSWIRE) -- Blackboxstocks Inc. (NASDAQ: BLBX), (“Blackbox” or the “Company”), a financial technology provider and social media hybrid, announced that its merger target REalloys Inc. (“REalloys”), has acquired 100% of PMT Critical Metals Inc. in a share exchange representing approximately 14% of REalloys outstanding common stock. The transaction closed on March 31, 2025 and includes the acquisition of rare earth magnet production equipment, know-how, intellectual property, research & development, existing contracts, and clients.
The facility based in Euclid Ohio produces rare earth metals and magnet materials for the US Defense Logistics Agency (the “DLA”), the US Department of Energy’s (the “DOE”) AMES National Laboratory (“AMES”) and other magnet industry clients. This facility has the industry specific resources required for the metallization of rare earth oxides to rare earth metals and the production of high-performance neodymium iron boron (“NdFeB”) magnet materials and magnets. We believe this facility will play a pivotal role in conjunction with the recent executive directive on essential minerals issued by the Trump Administration offering a critical North American based supply of vital magnets that are key to powering both modern industry and national defense systems — all produced right here in America’s heartland.
REalloys is singularly focused on meeting the demands of United States Protected Markets for high-performance NdFeB magnet materials and magnets, which includes US National Defense Stockpiles (“NDS”), US Defense Industrial Base (“DIB”), US Nuclear Industrial Base (“NIB”), robotics, electric aviation and critical infrastructure industries.
Magnet materials and magnets provided to and utilized by the US Protected Markets are either required under federal laws to be, or reasonably expected to be, sourced from a verified North American supply chain. US national security concerns to secure a reliable and resilient supply of North American critical materials are especially relevant in the current climate given China recently imposed tariffs and export restrictions on rare earth elements and NdFeB magnets.
REalloys’ mission to become a fully integrated North American producer of high-performance magnets commenced in May 2024 when it acquired 100% of Strategic Metals Development Inc, which holds 100% of the Hoidas Lake Rare Earth Element Project (“HLREE”) located in Saskatchewan, Canada. HLREE comprises 14 contiguous mineral claims with a total area of 12,522 hectares (30,942 acres). An S-K 1300 Technical Report on HLREE, dated December 6, 2024, was prepared by William J. Lewis P. Geo of Micon International Limited. The Mineral Resource Statement reports in the Measured and Indicated categories 2,153,000 metric tonnes of Total Rare Earth Oxides at 1.906%.
David Argyle, Chief Executive Officer of REalloys, stated, “This acquisition is pivotal in securing REalloys’ role as a critical supplier for US Protected Markets of magnet materials and magnets with a resilient North America supply chain. PMTCM brings with it world-class technical capabilities and an experienced leadership team. We are particularly excited to welcome Andrew Sherman, CEO & President of PMTCM, into our team as he is one of the United States national metallurgical engineering treasures and should be given all the resources and support needed to return the US to a world class dominating high-performance magnet producing nation.”
“This is a transformative moment for PMTCM,” said Andrew Sherman. “This transaction with REalloys positions us to scale operations, accelerate innovation, and meet urgent national priorities for a secure, domestic magnet supply chain.”
About REalloys Inc.
REalloys Inc. is an integrated company focused on the development and production of rare earth elements, with a primary asset in its 100% owned Hoidas Lake deposit located in northern Saskatchewan, Canada. The project already 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. REalloys is strategically positioning itself by building a North American high-performance magnet supply chain tailored to U.S. protected markets. REalloys’ target sectors include National Defense Stockpiles, the Defense Industrial Base, Nuclear Industrial Base, robotics, electric aviation, and critical infrastructure. With a strong focus on an accelerated timeline, REalloys is committed to supporting the growing demand for these vital materials in key industries. For more information, go to: https://realloys.com.
About PMT Critical Metals Inc.
PMT Critical Metals Inc. (PMTCM), based in Euclid, Ohio, is a specialized producer of rare earth metals and neodymium iron boron (NdFeB) magnet materials and magnets used in high-performance and defense-critical applications. PMTCM was formed through the acquisition of core assets, contracts, and operations from Powdermet Inc., a metallurgical R&D and advanced materials firm with over 25 years of experience. Operating from a 54,000-square-foot facility, PMTCM has the infrastructure and technical capabilities required for the metallization of rare earth oxides into purified metals, and to produce complex magnetic alloys and magnets.
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; current subscription fees are $99.97 per month or $959.00 annually. For more information, go to: https://blackboxstocks.com/.
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