REalloys Inc. (NASDAQ: ALOY) completed its underwritten public offering of 2,702,702 shares of common stock at $18.50 per share, raising approximately $50 million in gross proceeds before underwriting discounts and expenses.

The rare earth company granted underwriters a 30-day option to purchase up to 396,963 additional shares. Clear Street served as lead book-running manager, with Needham & Company as joint book-running manager. Laidlaw & Company (UK) Ltd. and Muriel Siebert & Co. acted as co-managers, while Cantor served as capital markets advisor.

REalloys plans to use net proceeds for working capital and general corporate purposes. The offering was conducted under a shelf registration statement on Form S-3 that became effective in February 2025.

The company operates a North American mine-to-magnet supply chain that includes the Hoidas Lake rare-earth asset in Saskatchewan and manufacturing operations in Euclid, Ohio. REalloys produces heavy rare earth metals, alloys and magnet components for defense, clean-energy and industrial applications.

The company serves federal agencies including the Department of Defense, Department of Energy and NASA, along with the broader Defense Industrial Base and Organic Industrial Base.