U.S. Army Partners with REalloys to Process Rare Earths at Tooele Army Depot
The U.S. Army has selected REalloys (NASDAQ: ALOY) to build a commercial facility at Utah's Tooele Army Depot to process dysprosium and terbium, two rare earths critical for high-performance magnets used in weapons, radar, sonar, and electric motors. This is the first time the Army has hosted commercial mineral processing on a military installation. The move aims to reduce U.S. dependence on China, which controls about 91% of global rare earth refining and 94% of permanent magnet production. In April 2025, China imposed export controls on seven heavy rare earths, disrupting supply chains. REalloys already operates a rare earth metals facility in Ohio and has secured feedstock from Canada's Saskatchewan Research Council. The Army provides the land; REalloys provides capital and operations. The day after the Army's conditional award, REalloys closed a $100 million financing round.
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