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Investing.com -- Blackboxstocks Inc (NASDAQ:BLBX) stock rose 14% on Wednesday after its merger target REalloys secured a $200 million Letter of Interest from the Export-Import Bank of the United States (EXIM Bank).
The LOI represents EXIM’s preliminary indication of support under the China and Transformational Exports Program, potentially providing financing for REalloys’ project capital expansion with a provisional repayment term of up to 15 years. The letter remains in effect through October 14, 2026.
REalloys is advancing a vertically integrated North American mine-to-magnet rare-earth supply chain. The company’s CEO Leonard Sternheim called the development "a transformational moment for North American industrial independence," noting that EXIM’s support validates their mission to establish a secure supply chain.
The potential financing aligns with U.S. government priorities to secure critical-materials supply chains vital to defense, electrification, and energy-transition industries. REalloys’ vertically integrated model combines upstream resource development, midstream processing, and downstream manufacturing of advanced alloys and magnet materials across the United States and Canada.
REalloys is currently moving forward with its planned merger with Blackboxstocks. The company is building a North American mine-to-magnet supply chain, uniting upstream resources at Hoidas Lake, midstream processing development through an agreement with the Saskatchewan Research Council, and downstream production of advanced alloys and magnet materials in Euclid, Ohio.
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