en.Wedoany.com Reported - On August 13, U.S. rare earth materials company REalloys will invest approximately $58.3 million to complete the upgrade of the Saskatchewan Research Council's rare earth processing facility in Canada and advance the construction of a U.S. heavy rare earth metallization plant. The funding covers both projects through the commissioning stage, and the company plans to use existing cash without launching any new financing transactions for this purpose.
The upgrade of the Canadian facility is scheduled to commence in the third quarter of 2026, with target annual production capacity including 525 tons of neodymium-praseodymium metal, 30 tons of dysprosium oxide, and 15 tons of terbium oxide. The facility integrates hydrometallurgy, rare earth separation, and metal smelting processes, and will also handle associated substances such as uranium and thorium. REalloys has secured offtake rights for approximately 80% of the products after the expansion.
REalloys and SRC will conduct separation trials of recycled mixed rare earth oxides in the second half of 2026, with the first batch of separated materials entering customer qualification as early as the fourth quarter. The Canadian plant is scheduled to begin commercial supply of neodymium-praseodymium metal and dysprosium and terbium oxides to REalloys in the third quarter of 2027.
The U.S. heavy rare earth metallization plant has entered the engineering design and equipment procurement stage, with plans to use dysprosium and terbium oxides as feedstock to achieve a combined processing capacity of approximately 50 tons per year. The plant is expected to begin commissioning in the first quarter of 2028 and enter initial operations in the first half of the same year.
The plant is planned to be located at the Tooele Army Depot in Utah. REalloys has been selected by the U.S. Army and has entered exclusive negotiations for a long-term enhanced use lease agreement, with plans to design, finance, construct, and operate the relevant facilities on military land. Negotiations are expected to conclude in mid-September 2026, with the final lease agreement and necessary regulatory procedures still pending.
REalloys completed a $100 million private placement of common stock in June 2026 and held $122.4 million in cash as of the end of June. The $58.3 million capital commitment covers the Canadian processing capacity upgrade and the U.S. metallization segment, forming a cross-border processing system from rare earth oxide separation to dysprosium and terbium metal production.
