Blackboxstocks Forms Strategic Partnership with AltynGroup

Blackboxstocks announced that its merger target, REAlloys entered into a series of non-binding agreements to form a strategic partnership with AltynGroup Kazakhstan to secure rare earth feedstock from Kazakhstan reserves to supply REAlloys' midstream and downstream facilities in North America. Through this collaboration, REalloys and AltynGroup are working expeditiously to bring Kazakhstan's vast rare earth deposits into Western supply chains. REalloys and AltynGroup will collaborate to identify, develop and receive offtake from rare earth-bearing producing mines in Kazakhstan, and process, refine and integrate the resulting oxides, metals, and alloys via REalloys' 100% North American processing and refining platform. The parties have engaged in deep discussions over the past 6 months and have identified several world-class properties across Kazakhstan for offtake. The agreement secures initial offtake from AltynGroup's Kokbulak project, a sizeable 127,000 sq km concession in the Karaganda and Kostanay regions. This operating asset holds over 350M tonnes of iron ore reserves and will provide REalloys with a rich byproduct concentrate containing a balanced spectrum of both Light and Heavy Rare Earth Elements derived from iron tailings. Further heavy rare earth offtakes from Kazakhstan based feedstock are anticipated over the coming year. To support the processing of this new feedstock, the partnership includes a non-binding commitment of investment from AltynGroup. These funds would be earmarked to scale REAlloys' U.S. operations, which includes the only dedicated rare earth metallization facility in the United States, servicing the Defense Logistics Agency, Department of Energy, the Department of War, amongst others. The collaboration further contemplates the joint development of pilot programs and technology transfer initiatives that enable rapid scale-up and qualification of materials for defense, semiconductor, and clean-energy supply chains.