Blackboxstocks stock rises after merger target REAlloys signs MOU with JOGMEC

Investing.com -- Blackboxstocks Inc. (NASDAQ:BLBX) stock rose 4.3% in premarket trading Wednesday after the company announced that its merger target, REAlloys Inc., has signed a Memorandum of Understanding with Japan’s Organization for Metals and Energy Security (JOGMEC).

The agreement establishes a strategic framework for collaboration in rare earth development, technology transfer, and industrial security between REAlloys and JOGMEC, a statutory corporation under Japan’s Ministry of Economy, Trade and Industry. This marks JOGMEC’s first engagement with a U.S.-based rare earth company.

Under the MOU, REAlloys and JOGMEC will work together to develop, qualify, and supply high-performance rare earth materials and magnets supporting the U.S.-Japan Alliance. The collaboration includes technology transfer, investment opportunities, and structured offtake agreements.

"JOGMEC’s financial, technical and industrial leadership in this industry is unmatched," said Leonard Sternheim, CEO of REAlloys. "By combining Japan’s technological excellence with North America’s industrial capacity, we are driving the next wave of resource innovation."

The partnership will focus on several key areas, including the transfer of advanced Japanese magnet and processing technologies to REAlloys’ facilities, potential JOGMEC-supported investments in REAlloys’ North American supply chain, and the allocation of resources from REAlloys’ Hoidas Lake and secondary sources to Japanese users.

JOGMEC has previously invested in rare earth supply chain development outside China, including over A$200 million in the Japan Australia Rare Earths partnership with Lynas Rare Earths Ltd. and €110 million in the Caremag refinery in France.

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