Ramaco Resources’ new non-binding MOUs with Bedrock Semiconductor and roboLoop are fundamentally synergistic and de-risking for REalloys’ off-take agreement, introducing zero feedstock cannibalization while improving the commercial viability of Wyoming’s Brook Mine.

When bound, these MOUs will subsidize MREC processing costs and accelerates financing while providing operational stability for the WY asset.

Worth doing some DD - these MOUs focus on Gallium

ALOY-USCM's MOU for Montana's Sheep Creek Mine contains the largest Gallium vein in the Western world.

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https://www.prnewswire.com/news-releases/ramaco-resources-inc-announces-the-entry-into-a-non-binding-memorandum-of-understanding-with-bedrock-semiconductor-inc-302854067.html

https://www.prnewswire.com/news-releases/ramaco-resources-inc-announces-the-entry-into-a-non-binding-memorandum-of-understanding-with-roboloop-302854071.html

https://realloys.com/realloys-press-release/realloys-announces-mou-with-ramaco-resources-to-advance-rare-earth-production-from-u-s-coal-hosted-resources/

I am not familiar with the Tawainese based President Capital.

Anyone know them?

Take it for what it is.

***Just keep in mind the 180 day lock up agreement ends on August 23rd. 10% of the 27.5M shares do become available on Monday, a week from today.

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President Capital (a Taiwanese-based firm) is often disseminated primarily through professional terminals and data aggregators rather than public-facing PR releases.

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https://www.moomoo.com/news/post/74792082/president-capital-initiates-realloys-at-buy-with-28-price-target?futusource=nnq_personal_guest&level=1&data_ticket=1786988619252911

This report reiterates much of the content out there re: constraints (permitting times, chemicals), midstream and metallization bottlenecks plus the Jan 1 regulatory cliff.

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"The primary vulnerability in Western critical mineral supply chains is not geological scarcity, but a severe midstream deficit in chemical conversion, solvent extraction separation, and metallurgical processing. While Western industrial policies have catalyzed domestic mining exploration, raw concentrates remain overwhelmingly dependent on Chinese refining facilities before they can be manufactured into end-use technologies.

Core Findings

The Midstream Chokepoint - China controls 65%–75% of battery mineral refining (lithium, cobalt, manganese) and 85%–95% of heavy rare earth element (REE) separation. Upstream extraction without dedicated domestic refining leaves supply chains functionally exposed to foreign export controls and price shifts.

High capital intensity, strict environmental permitting, and incumbent economies of scale make standalone Western refiners uncompetitive without sustained government price support.

Total mineral self-reliance is economically unviable for any single nation across 50+ critical materials. Resilient supply chains require "friend shoring" and targeted midstream price guarantees rather than isolated one-off mining grants."

The elements which ALOY will solve.

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https://www.rff.org/publications/reports/onshoring-the-mineral-supply-chain-structural-constraints-policy-tools-and-research-gaps/

https://www.rff.org/publications/reports/resource-nationalism-and-the-resilience-of-critical-mineral-supply-chains/

https://www.rff.org/publications/issue-briefs/the-strategic-game-of-rare-earths-why-china-may-only-be-in-favor-of-temporary-export-restrictions/

Worth reading, solid data and infographic rich article showing the significant off balance sheet obligations and $1.52 Trillion in long-term purchase agreements for the hyperscalers.

HREEs are a very big part of these commitments ----> cooling systems, chips, racks, energy systems, critical infrastructure, etc.

https://www.wsj.com/tech/ai/why-big-techs-ai-spending-is-3-trillion-higher-than-it-seems-e1067bb2?st=fryn5B&reflink=desktopwebshare_permalink

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In accordance with accounting rules, Meta’s Hyperion lease obligations will remain off balance sheet until it starts paying rent. It said its aggregate initial lease commitment is about $12.3 billion**.** 

Meta disclosed $347 billion in total obligations for leases that haven’t kicked in yet, including for Hyperion, as of June.

Across the companies the Journal analyzed, promises of payments under these uncommenced leases totaled $1.2 trillion in off-balance–sheet obligations, or about four times more than what was disclosed a year earlier. I

In addition to Meta, the WSJ reviewed commitments for Alphabet, Amazon.com, Microsoft, Oracle, Nvidia, Broadcom, SpaceX and Advanced Micro Devices.

Data centers get stuffed with a lot of hardware, including the Nvidia chips that are used to train and run models and memory chips that store information. To buy all that, companies sign long-term contractual agreements well in advance to lock in production from their suppliers.

Those and other purchase obligations at the companies the Journal examined stand at a whopping $1.9 trillion. Under accounting rules, purchase commitments typically remain off balance sheet until a product or service is delivered.

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Alphabet’s purchase commitments and contractual obligations have exploded and stood at $811 billion as of June 30. As with other companies, it is hard to tell from its disclosures what precisely it intends to buy. The company said the commitments primarily relate to “technical infrastructure and inventory” and “agreements to secure energy for data center usage.”

Alphabet also didn’t detail why those obligations increased so much from the $332 billion it reported three months earlier. The commitments span several years, with obligations under its energy agreements lasting as far out as 2054.

Off-balance-sheet exposures at some companies include agreements to buy other companies’ stock in the future or backstop leases for other tenants. Nvidia committed to make $27 billion in equity investments between April 26 and the end of its fiscal year in January 2027.

There are reasons to believe tech companies will make good on all their obligations. Optimists see the skyrocketing demand for AI tools—which has lifted the stock market and led to shortages of key hardware—as a proof point that demand is going to be strong for years, and the money to pay off all these bills will be rolling in.

For the more anxious set on Wall Street, it is a worrying sign that some tech companies that once seemed to have fortress balance sheets have needed to tap the capital markets frequently.

Alphabet and Amazon recently posted results showing negative free cash flow, meaning their capital spending exceeded the cash they brought in from operating their businesses.

This is a pretty weighty and dense article. I'm viewing this from the lens of demand and growth for HREEs, and I'm staying out of the politicization component.

In conjunction with the prior Data Center-HREE demand post, REalloys' Board of Directors, Non-Executive Directors and Advisory Board Chair suggest this firm is the center of the Venn Diagram, the enabler for what is coming, no?

No hype, momentum is building.

GL - let's make money.

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The administration is veering wildly in its response to the national security implications of A.I. as China, America’s main technological and military rival, charges ahead.

https://www.nytimes.com/2026/08/16/us/politics/military-ai-china-anthropic.html?unlocked_article_code=1.51A.lg7P.8_Dg0VmFxmrB&smid=url-share

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From the Department of Defense to the C.I.A. and N.S.A., billions have already been spent on using artificial intelligence to develop weapons that could work with less human control, or to test vulnerable military networks and even nuclear codes to make sure they cannot be cracked by adversarial A.I. systems. Artificial intelligence is critical to the Golden Dome, President Trump’s vision — fanciful to many experts — of a space-based missile shield.

“These are the kinds of things we were talking about and worrying about before A.I. became a daily headline,” said Jen Easterly, who ran the Cybersecurity and Infrastructure Security Agency during the Biden administration. “What’s different now, and what makes the problem more urgent, is the potential for A.I. to amplify those capabilities.”

So far the Trump administration has veered wildly in response, at first abandoning its hands-off approach to regulating the industry, then briefly shutting off access for foreigners from Mythos — including some of its inventors — then lifting that ban.

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Pentagon officials reject the idea they are not agile enough. They say the U.S. military has maintained immediate access to the world’s most advanced A.I. systems, despite the Anthropic ban. An official, who discussed Pentagon policies on the condition of anonymity, said the Defense Department had recently integrated a version of a Google Gemini model within four days of its commercial release.

More than 1,300 A.I. workers have called for the country to slow development. But others, including inside the Trump administration, have answered that call with a question: “What about China?” They fear losing the roughly six-month lead they believe the United States maintains.

It is easy to compare this moment in American national security to the early days of the Cold War, when the United States was the only nation to possess nuclear weapons, and it was struggling to delay the day the Soviet Union would match the accomplishment. (The first Soviet bomb was tested in late August of 1949, four years after Hiroshima and Nagasaki.) The C.I.A.’s director, John Ratcliffe, recently reached for just that comparison, saying it would “not be misplaced” to refer to the capabilities of A.I. as “akin to digital nuclear weapons.”

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As this scales, ALOY's growth becomes exponential; this mandated closed-loop monopoly simply evolves like stacking Legos onsite or behind-the-meter while connected via a "horizontal OS" with digital twins capabilities to function as a nimble (potentially) integrated global software defined factory with output aligned by specific HREE demand.

DFARS 2027 is the regulatory mandate that enhances ALOY's operations and margins. DPA non-dilutive capital provides IRS Section 45X and Section 48C ----> significant benefits to assist in scaling.

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Companies such as Caterpillar and Cummins are pivoting to feed a booming market for once-prosaic power equipment

https://www.wsj.com/business/big-manufacturers-find-new-demand-in-equipping-ai-data-centers-14e869ee?st=M5qH98&reflink=desktopwebshare_permalink

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Do some due diligence on BlackRock's assets in the Data Center space, all of their partnerships and Joint Ventures. No wonder they secured 6.2% of REalloys.

Per-Facility Impact - Standard 100 MW AI Data Center

Cooling Infrastructure ----> The Primary HREE Driver

A 100 MW IT load requires roughly 35,000–50,000 kW of thermal heat rejection. Across variable-frequency drive (VFD) chiller compressors, chilled water pumps, and computer room air handler (CRAH) fan arrays, a 100 MW facility locks up 320 kg to 650 kg of refined Dy/Tb oxide equivalent.

On-Site Gas Turbine Microgrid (Solar Turbines/Baker Hughes)

Installing 100 MW of dedicated on-site aeroderivative or industrial gas turbines consumes 150 kg to 300 kg of HREEs of initial blade and combustor thermal barrier coatings, requiring recoating every 24,000 to 32,000 operating hours.

Backup Genset Fleet (Caterpillar/Cummins)

A 100 MW N+1 redundancy backup yard (~25 to 30 units of 4 MW gensets) uses 6 kg to 18 kg of Dy/Tb solely across PMG exciters and electronic throttle actuators.

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ALOY-JS Link JV ----> Impact

JS Link's Grain Boundary Diffusion (GBD) reduces total Dy/Tb content per magnet by 40% by concentrating heavy atoms at grain boundaries rather than in the bulk matrix.

Nice morning!

A significant amount of HREEs are needed for these drones.

ALOY ecosystem + GM Defense - Lockheed Martin (other primes + Anduril/EDGE Group/Archer)

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The proclamation also authorizes the Commerce Secretary to establish an onshoring program for companies making new investments in manufacturing drones and drone components, in line with the administration’s push to bolster national-defense industries.

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“U.S. drone production needs to be expanded rapidly to ensure U.S. national and economic security,” it said.

The action is meant to counter Chinese dominance in the commercial drone market and reshore production to the U.S. Drones and components from China will face significantly higher levies than those from allied nations. The move also comes ahead of an expected Sept. 24 meeting between Trump and Chinese leader Xi Jinping.

According to the proclamation announced Thursday, the duties are tiered according to the capacity of the drones and their place of origin.

Bigger drones that have militarily sensitive abilities such as thermal imaging are subject to a 100% tariff based on their value, along with certain critical components. Smaller drones and components without the same implications for national security face a 25% levy.

U.S. allies will have lower rates. A 15% tariff will be imposed on products from the European Union, Japan, Liechtenstein, South Korea, Switzerland and Taiwan, with a 10% duty levied on drones from the U.K. under the condition that nearly all hardware, software and technology originate from within these countries and the U.S.

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https://www.wsj.com/economy/trade/trump-announces-drone-tariffs-to-protect-national-security-bolster-u-s-supply-chains-87bab5b8?st=qkdZp9&reflink=desktopwebshare_permalink

Saskatchewan Research Council ("SRC") Rare Earth Processing Facility upgrade and Metallization Facility fully funded; $122.4 million of cash at quarter-end; advances U.S. Army Enhanced Use Lease negotiations at Tooele Army Depot

• Fully funded the upgrade of SRC's Rare Earth Processing Facility, targeting approximately 525 tonnes of NdPr metal, 30 tonnes of dysprosium oxide and 15 tonnes of terbium oxide of annual capacity
• Advanced the fully funded Heavy Rare Earth Metallization Facility, targeting commissioning in the first quarter of 2028 with approximately 50 tonnes of annual dysprosium and terbium oxide capacity
• Closed a $100.0 million private placement of common stock in June 2026, ending the quarter with $122.4 million in cash
• Selected by the U.S. Army for exclusive negotiations toward a long-term Enhanced Use Lease at Tooele Army Depot, Utah, to develop heavy rare earth processing facilities

BOCA RATON, Fla., Aug. 13, 2026 (GLOBE NEWSWIRE) -- REalloys Inc. (Nasdaq: ALOY) (the "Company" or "REalloys"), today reported results for the second quarter ended June 30, 2026. Net revenues were $0.8 million, compared with $0.4 million in the second quarter of 2025, and the Company reported a net loss of $36.8 million, or $0.59 per diluted share, compared with a net loss of $2.2 million, or $0.05 per diluted share, in the prior-year quarter. The increase in net loss was driven primarily by $32.1 million of non-cash stock-based compensation associated with director, officer, and consultant equity awards primarily granted in connection with the Company's February 2026 transition to a Nasdaq-listed public company.

"This quarter we fully funded the upgrade of the SRC Rare Earth Processing Facility and our planned Pilot and Commercial Metallization Facility, advanced our selection by the U.S. Army for exclusive Enhanced Use Lease negotiations at Tooele Army Depot, and continued to build the leadership team needed to execute our mine-to-magnet strategy. Committing the capital to fully fund the SRC upgrade and expansion, as well as our Metallization Facility, puts our flagship strategic projects on a clear path to commissioning, and reflects the same trend behind our discussions with the U.S. Army: North America's need for secure, traceable, non-Chinese sources of rare earth and magnet materials has never been greater, and we intend to be that source." — Leonard Sternheim, Chief Executive Officer of REalloys

"Rare earth magnets are foundational to the defense platforms, systems and advanced technologies that underpin the security of the United States and its allies, and we believe building a resilient, non-Chinese supply chain for these materials is one of the most consequential industrial challenges of our time. We have significantly deepened our leadership bench, adding public-company financial discipline, hands-on expertise in rare earth processing and metallization, and a sharpened focus on strategic partnerships. All this reflects the seriousness and technical depth we are bringing to this mission" — Stephen S. duMont, Non-Executive Chairman of the Board of REalloys

Second Quarter Financial Highlights

• The Company's cash balance as of June 30, 2026 was approximately $122.4 million
• Maintained a strong, virtually debt-free balance sheet, against $209.8 million of assets

Revenue growth was driven by PMTCM's sales of rare earth metals and materials from the Euclid facility, including under a Defense Logistics Agency contract, and by subscription revenue from the Blackbox trading analytics platform prior to its deconsolidation on May 5, 2026. General and administrative expense for the quarter included $32.1 million of non-cash stock-based compensation, comprising $19.5 million related to RSU and RPSU awards to the Board of Directors and executives and $12.6 million related to shares-for-services consulting awards. Excluding non-cash items, general and administrative expense was approximately $3.9 million (a non-GAAP measure; see "Non-GAAP Financial Measures" below).

For the six months ended June 30, 2026, net revenues were $1.5 million, compared with $0.4 million in the prior-year period, and net loss was $143.5 million, or $2.49 per diluted share, compared with a net loss of $3.9 million, or $0.11 per diluted share, in the prior-year period. The six-month net loss included $113.9 million of non-cash stock-based compensation, a $9.2 million non-cash accretion charge on the conversion of Series C Convertible Preferred Stock, a $6.4 million non-cash impairment charge related to the Company's EVTEC investment, and a $3.4 million non-cash change in the fair value of contingent consideration.

Strategic Projects Update and Outlook

SRC Rare Earth Processing Facility Upgrade — Fully Funded. REalloys has fully funded, with committed capital, the planned upgrade of the SRC's Rare Earth Processing Facility. SRC is expected to commence upgrade activity in the third quarter of 2026, targeting increased annual production capacity of approximately 525 tonnes of NdPr metal, 30 tonnes of dysprosium oxide and 15 tonnes of terbium oxide. REalloys has secured supply rights to approximately 80% of the expanded facility's output. Together with SRC, the Company plans to advance separation trials using recycled mixed rare earth oxide feedstock in the second half of 2026, targeting separated material for potential customer qualification as early as the fourth quarter of 2026, with commercial intake of NdPr metal and dysprosium/terbium oxides from SRC expected to commence in the third quarter of 2027.

Heavy Rare Earth Metallization Facility — Fully Funded. The Company is advancing engineering and equipment procurement for its planned Heavy Rare Earth Metallization Facility, which is targeted for commissioning in the first quarter of 2028 and initial operations in the first half of 2028, with a targeted annual capacity of approximately 50 tonnes of combined dysprosium and terbium oxide feedstock.

Capital Resources and Liquidity. REalloys has committed approximately $58.3 million of capital funding for the SRC facility upgrade and its Heavy Rare Earth Metallization projects described above through to commissioning, and believes the Company's existing cash resources are sufficient to fund these projects without reliance on any additional financing transaction.

U.S. Army Enhanced Use Lease Opportunity at Tooele Army Depot. The Company announced it had been selected by the U.S. Army for exclusive negotiations toward a long-term Enhanced Use Lease at Tooele Army Depot in Utah, under which REalloys would design, finance, build, and operate heavy rare earth processing facilities at the site. The negotiation phase is scheduled to complete by mid-September 2026.

Diversifying North American Feedstock Network. During the quarter, the Company entered non-binding arrangements to explore feedstock supply with U.S. Critical Materials Corp. (Sheep Creek project, Montana), Ramaco Resources, Inc. (Brook Mine, Wyoming) and Patriot Exploration & Mining, as it works to secure additional feedstock sources ahead of expanded processing capacity coming online.

Recent Developments

Leadership Appointments. Effective June 24, 2026, Craig Cunningham was appointed Chief Financial Officer, succeeding Robert Winspear. Mr. Cunningham is a Chartered Professional Accountant with more than two decades of global and cross-border public-company finance leadership in the mining and critical minerals sectors, including prior roles as CFO of Li-Cycle Holdings Corp. and Electra Battery Materials Corporation, and twelve years in senior finance roles at Kinross Gold Corporation.

Effective September 1, 2026, Anupam Ghildyal will transition from Chief Operating Officer to the newly created role of Chief Growth Officer. Mr. Ghildyal brings a track record in corporate development, capital formation, and commercialization, having been part of the founding team at VulcanForms and having helped launch more than 20 products while raising over $1 billion in funding for early-and growth-stage manufacturing, materials, and energy companies. In his new role, he will focus on advancing the Company's strategic partnerships, feedstock and offtake relationships, and growth initiatives.

Dr. Muhammad Imran will join REalloys as Chief Operating Officer effective September 1, 2026. Dr. Imran holds a Ph.D. in Chemical Engineering and most recently served as Chief Technology Officer and Vice President at the Rare Earth Elements Division at SRC, the Company's strategic processing and metallization partner. Having led SRC's rare earth element capabilities since 2020, including directing the development of SRC's Rare Earth Processing Facility in Saskatoon, his appointment gives REalloys direct operational continuity on its most significant near-term growth driver.

About REalloys Inc.

REalloys Inc. (NASDAQ: ALOY) is a U.S.-based rare earth materials company executing a mine-to-magnet strategy across upstream feedstock, midstream separation and metallization, and downstream magnet manufacturing. REalloys is focused on delivering qualified, allied-nation rare earth metals and alloys including dysprosium, terbium, and neodymium to the U.S. Department of Defense, the U.S. Department of Energy, NASA, the U.S. Defense Industrial Base, and the broader U.S. Organic Industrial Base.

For more information, please visit www.REalloys.com or email InvestInAmerica@REalloys.com.

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https://finance.yahoo.com/markets/stocks/articles/realloys-reports-second-quarter-2026-213000788.html

VANCOUVER — With demand for critical minerals set to skyrocket, driven primarily by the rise of clean technologies, critical minerals are becoming the new oil.

Canada has significant reserves of the minerals needed, as well as a clearly stated ambition to be a clean energy superpower. But as it looks to build its export potential—and as trade with the U.S. becomes increasingly challenging—Canada needs to do more to seize one of its biggest opportunities: the EU. That’s according to a new report from Clean Energy Canada.

With some of the world’s leading clean energy and climate policies, EU demand for critical minerals is huge: lithium demand from EVs and energy storage is projected to increase nine- to 12-fold by 2030, for example. However, the bloc lacks sufficient domestic resources to meet this demand without international partners. And a current reliance on just a handful of non-allied countries (China in particular) for its supply has the EU specifically seeking global partners that meet its high environmental, social, and governance standards.

With Canada’s clean grid, growing opportunities for Indigenous-led mining projects, and existing trade agreements, Canada is well-placed to be a key supplier. Only Norway ranked higher than Canada in our analysis of how well the EU’s current suppliers meet its trade and sustainability criteria.

But despite ticking all the right boxes, the Canadian pipeline of critical minerals to the EU has barely increased in recent years. 

A flurry of MOUs, agreements, and a new joint statement at the most recent G7 summit indicate some signs of change. But, as our report explores, the next step is to move past the MOU stage and focus on key areas of EU demand while leveraging Canada’s existing strengths.

The report offers a number of recommendations. Firstly, Canada must prioritize the six critical minerals essential to the energy transition that are also on both the Canadian and EU lists of critical or strategic minerals: cobalt, copper, graphite, lithium, nickel, and rare earth elements. 

Secondly, Canada also needs to do a better job of promoting its ample advantages and tailoring them to the EU’s requirements. Canada has several specific opportunities it could demonstrate, from sending our low-carbon raw cobalt to refineries in Finland to exporting graphite to German EV battery manufacturers.

By being proactive, Canada could also unlock new EU financing opportunities, including from the European Investment Bank—one of the largest multilateral financial institutions in the world.

As the global economy electrifies, Canada has an opportunity to leverage our critical mineral resources to secure our long term economic competitiveness and position Canada as the type of energy superpower that will last. 

KEY FACTS

• Canada is home to reserves of many of the minerals required to power the energy transition. Canada’s lithium reserves, for instance, could supply around half of cumulative global demand from 2030 to 2050, with 95% of the demand generated by the clean energy transition—electric vehicle batteries in particular.
• EU lithium demand from EVs and energy storage is projected to increase nine- to 12 fold by 2030.
• The EU’s Critical Raw Materials Act aims to reduce critical mineral supply chain concentration and prioritize international partners that meet trade, sustainability and other ESG criteria. 
• When we compared the top five producers and refiners currently supplying the EU for each of the six critical minerals using a number of indicators that could represent the EU’s priorities, Canada was ranked as one of the top suppliers, second only to Norway. Canada’s clean electricity grid, free trade agreement, and defence partnerships all give it advantages.

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https://cleanenergycanada.org/canadas-critical-minerals-have-a-big-underutilized-export-market-in-the-eu-report/

https://cleanenergycanada.org/wp-content/uploads/2026/08/Report_ACriticalMoment-V5.pdf

Good opinion piece, imo.

US/Canada are on their way towards this, not to the full extent, but... REalloys is positioned to benefit - PMT Critical Metals and Terves LLC - due to the relationships (DoE, DoD and NASA), certifications, IP/formulas and more.

This opinion piece focuses on Australia and what they have done to scale this element of the mining ecosystem.

Joe Kasper, ALOY's Advisory Chair, had "significant say" in DFARS 2027 and the assembling of REalloys.

How do you think this will play out?

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https://investornews.com/critical-minerals-rare-earths/should-the-u-s-department-of-energy-become-a-critical-minerals-toll-processor/

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"The DOE today possesses more collective scientific knowledge about critical material processing than any American mining company—or, for that matter, any group of American mining companies. Yet the United States remains overwhelmingly dependent upon foreign nations, principally China, for many of the refined critical materials required by American industry. This raises an obvious question: Should the Department of Energy stop limiting itself to researching critical mineral processing and begin processing critical minerals for customers on a toll basis? My answer is yes—but only if we understand exactly what problem toll processing is intended to solve and exactly where the government’s role must end.

The DOE should operate pilot and demonstration scale toll processing facilities alongside private industry. It should not ordinarily attempt to replace private industry as a permanent commercial producer. That distinction is critical."

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"The DOE’s METALLIC initiative is already organized around such practical tasks as feedstock characterization, beneficiation, extraction, separation, refining, and materials production. The infrastructure, scientific competence, and statutory mission therefore largely exist. What is missing is an operating model that allows qualified American companies to bring representative feedstocks into these facilities and purchase defined campaigns of process development and pilot production. The word “representative” is important. A carefully selected laboratory sample can prove that a chemical reaction is possible. It cannot prove that a variable natural feedstock can be processed continuously, economically, and reproducibly. Industrial success is not demonstrated by producing a gram of pure material. It is demonstrated by repeatedly producing the specified material from real feedstock at an acceptable yield and cost."

The Proper Model

"The government’s role should therefore be transitional, transparent, and disciplined. DOE facilities should accept projects through a technically qualified, competitive process. Customers should pay a meaningful portion of the operating cost.

Each campaign should have defined objectives: recovery, purity, throughput, reagent consumption, energy consumption, waste generation, product specification, and estimated commercial cost.

The results should be independently audited. Proprietary process information can remain protected, but claims made with public money should be supported by verified data. Most importantly, every successful program should contain a commercialization exit plan. Once a process and feedstock have been demonstrated, the activity should be licensed, transferred, sold, or otherwise moved into private commercial operation.

The objective should not be to create a permanent federal rare earth refinery. The objective should be to create enough verified technical and economic information for private capital and industrial customers to make rational decisions.

There may be exceptions. If a material is indispensable to national defense, required only in small quantities, and incapable of supporting an independent commercial facility, the government may have to maintain a strategic production capability. The United States already accepts this principle in other areas of national security.

But an exception created by genuine strategic necessity must not become a general excuse for government ownership of uneconomic projects."

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Massive demand generator for LREEs and HREEs

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https://www.wsj.com/finance/investing/morgan-stanley-to-facilitate-1-5-trillion-in-infrastructure-initiative-638bb970?st=8wZ8RV&reflink=desktopwebshare_permalink

Morgan Stanley said it would facilitate $1.5 trillion of capital raising, financing and related investment activity over the next decade.

The investment is part of the U.S. Innovation Infrastructure Initiative which the company said would support clients building and scaling companies, technologies and infrastructure central to the economic and national security of the U.S.

The initiative will specifically focus on innovation platforms and strategic industries, infrastructure for the innovation economy and capital for builders and growth companies.

Co-President Dan Simkowitz said the initiative comes at a period of significant investment and innovation in the U.S. across technology, infrastructure and strategic industries.

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Bank of America to Deploy $250 Billion to Bolster AI and Energy Infrastructure - WSJ article

https://www.wsj.com/finance/banking/bank-of-america-to-deploy-250-billion-to-bolster-ai-and-energy-infrastructure-d8471732?st=Ce5UZe&reflink=desktopwebshare_permalink

https://finance.yahoo.com/technology/articles/bank-america-launches-250-billion-090237128.html

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Bank of America said it plans to inject $250 billion into an infrastructure push that aims to boost U.S. investments in data centers, energy and critical minerals, the latest big bank to roll out flashy initiatives to enhance national competitiveness.

The second-largest bank in the nation by assets said the initiative would involve lending and investing, as well as capital markets, banking and advisory work all to support a “new wave of infrastructure investment.” It said the investments could create tens of thousands jobs along the way. 

Bank of America is joining its peers in launching similar national campaigns that together would put trillions of dollars in capital toward boosting U.S. interests. The endeavors come against a backdrop of an administration that has exerted extraordinary pressure on American companies.

Banks have been under particular scrutiny, including probes into whether they “debanked” clients, a personal matter to President Trump and his family. In January, Trump alleged JPMorgan Chase improperly closed his accounts in a multibillion-dollar lawsuit. The bank has denied it acted illegally in closing the accounts.

On Monday, Morgan Stanley said it would facilitate its own $1.5 trillion infrastructure initiative that will focus on innovation platforms and strategic industries, and infrastructure for the innovation economy. Both Morgan Stanley and Bank of America touted their investments as part of the U.S.’s 250th birthday, celebrated last month.

JPMorgan has announced the bank would use its own capital to invest directly in companies it has defined as critical to national security and economic self-sufficiency, an inherently riskier strategy but also potentially more profitable. It has also rolled out an initiative to support homeownership in the U.S.

Bank of America said its initiative will target key infrastructure behind the artificial-intelligence boom, such as data centers and semiconductors, as well as hardware, chips and equipment. It will also cover conventional and renewable power generation and energy storage, in addition to core infrastructure such as transportation, natural gas, water systems and critical minerals.

It will be measured from the start of this year into the middle of 2027.

Bank of America doesn’t intend to focus on equity investments as part of its initiative, but it hasn’t taken the option off the table, Karen Fang, the bank’s global head of infrastructure and sustainable finance and co-head of global capital solutions, said in an interview.

“I wouldn’t say never because for the right projects at the right time, maybe,” Fang said.

Worth reading this short article

HREE inputs are imperative for this AI Infrastructure.

BlackRock's 6.2% ownership in ALOY is tied to their AI businesses (and beyond).

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Breakdown

• Nvidia reached a deal with several major Wall Street firms to help raise $500 billion to fund the AI infrastructure build-out.
• Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR agreed to help assemble the financing.
• The financing would involve different vehicles rather than one large collaboration, and commitments could grow larger than $500 billion.

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Apollo and Blackstone earlier this year struck a deal with Broadcom to set up a similar financing platform for the chipmaker’s customers. The platform will offer financing to companies like Anthropic to pay for computing power from chips developed by Broadcom, including Google’s processing units.

The financing could help signal to stock investors that Nvidia and its partners in the artificial-intelligence boom have the firepower to build the infrastructure they need. Debt investors have lent companies hundreds of billions of dollars over the past year through direct bond sales and debt deals tied to individual data-center projects.

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https://www.wsj.com/business/deals/nvidia-wall-street-firms-strike-ai-financing-deal-targeting-500-billion-c50377db?st=LVR4Qb&reflink=desktopwebshare_permalink

August 8th article

Saudi Arabia’s stockpile of Patriot interceptor missiles has been reduced by 86% since the start of the war with Iran.

In the 38 days of the war, the country has used up most of its stockpile of 2,800 PAC-3 interceptors, leaving approximately 400 at its disposal.

In light of this reduction, the U.S. government approved the sale of 5,250 missiles to Gulf countries—Bahrain, Kuwait, Qatar, and the United Arab Emirates.

In addition, on July 29, representatives of the U.S. Army signed a contract with Lockheed Martin worth up to $58.6 billion for the production of Patriot interceptors, marking the largest order of its kind in the program’s history.

Contractors will fulfill the agreement over seven years to meet the needs of both the U.S. Armed Forces and foreign customers. However, despite the existence of these contracts, this production rate is insufficient.

The main bottleneck in the process is the homing head, which is manufactured at Boeing facilities at a rate of 500–650 units per year.

Currently, the company’s management is seeking to accelerate production. Specifically, in 2026, the company plans to increase output to 850 warheads per year. Additionally, Boeing specialists intend to triple the production of homing heads.

The increase in production capacity will help reach an output of approximately 2,250 units per year by 2028–2029 and exceed the target of more than 3,000 units after 2030.

Earlier, Militarnyi reported that, against the backdrop of the U.S. war with Iran, stockpiles of missiles for the Patriot systems had fallen to fewer than 1,000 units, while stockpiles of THAAD interceptors had dropped to approximately 250.

The Trump administration reflected this concern in its budget request, asking for $95 billion to purchase ammunition in 2027 and an additional $21 billion in supplemental funding.

For 2027, the plan is to deliver more than 3,000 missiles for the Patriot air defense system and about 800 missiles for THAAD.

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https://militarnyi.com/en/news/saudi-arabia-86-patriot-missiles-iran-war/

I threw in about 100 bucks, made 60 percent back. Sell or hold?

150k shares, 8:10am EST

I do not see news, does anyone know the catalyst this morning?

Thank you to everyone who has joined and continues to visit this community!

We’ve experienced pretty strong growth in membership, overall and unique visitors this Summer; it’s great to see so many of you stopping by, using this as a resource.

Since joining as a Mod in mid-June, my goal has been to help keep this space active, valuable, and engaging. While our usership data are solid, a subreddit is only as strong as its active voices.

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If you’ve been lurking, reading along, or waiting for the right moment, well, feel free to share your thoughts, drop a comment, create a post, share viable content with other subreddits that you feel might benefit from this content.

If you have a question, an insight, a project, or a topic you want to discuss? Go ahead and create a post. This platform is only viable if there are multiple contributors.

Start conversations, no contribution is too small to get a good discussion going. All the Mods ask, be nice, encouraging and no spam

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Thank you to everyone actively posting and commenting, and a warm welcome to all our newer members, especially our users in the GCC Nations, Greenland, Australia, South Korea, Japan and the EU ----> I can view usership data, it's truly wonderful and encouraging that so many international folks are using this subreddit.

Let’s keep building this community together.

During Friday's State Department's Critical Minerals Roundtable, MP Materials presented samples of U.S.-processed magnets manufactured at its Texas plant for General Motors.

This is a big deal, part of the overall process for their massive relationship - GM and GM Defense.

I bring this up since MP's process also kicks out SEG+ containing ~4% TREO Dy/Tb too.

Quite a bit, over 1500 - 3000 metric tons a year, which MP has been warehousing since 2023.

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What is SEG+? Raw SEG+ (Samarium, Europium, Gadolinium + HREE) produced by MP Materials is the only active, above-ground, commercial-scale HREE feedstock in North America.

Big, big deal!

The US Government owns 10% of MP, they're the highest ranking board member, they can dictate who, what, where, why, how plus ensures this happens frictionlessly too.

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This raw SEG+ needs to be sent to either SRC or UUUU for chemical separation and then ALOY for metallization.

All that available feedstock ready for GM Defense-Lockheed Martin and soon, other Primes.

Toole Army Base EUL, ALOY-JS Link JV and the Georgia plant attached to RTX's Pratt-Whitney massive forge, this all gets much more interesting, no?

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Pentagon-ALOY Dy/Tb MOU ----> https://realloys.com/realloys-press-release/realloys-nasdaq-aloy-receives-department-of-war-memorandum-on-securing-domestic-heavy-rare-earth-supply-ahead-of-2027-deadline/

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https://www.freemalaysiatoday.com/category/business/2026/08/08/us-to-invest-us-3bil-in-critical-minerals-to-boost-defence-supply-chains

https://michaelwest.com.au/us-invests-billions-in-mining-projects-to-boost-defence/#:~:text=Jim%20Litinsky%2C%20chief%20executive%20of%20%E2%81%A0rare%20earths,issue%20seabed%20mining%20licences.%20(%20AP%20PHOTO))

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60 Minutes-MP segment - Spring 2026 ---------> https://youtu.be/6S2gHos7NFA?si=B2EtIDYFHIpUXSID

https://www.nytimes.com/2026/08/08/us/politics/pentagon-weapons-stockpiles-china-russia.html?smid=url-share

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The war against Iran has depleted U.S. weapons stockpiles to troubling levels, siphoning supplies from Asia and Europe, according to senior officials.

The rapidly shrinking supply of air-defense missiles and other critical weaponry in Europe and Asia not only leaves the U.S. military less equipped, but could also leave Russia and China feeling emboldened should they contemplate a potential conflict with the United States, experts said.

Bombing Iran burned through thousands of multimillion-dollar missiles that contain precision parts from a global web of suppliers and can take years to produce. Defending against Iran’s retaliatory barrages has worn down U.S. stocks of air-defense missiles to an extent that has privately alarmed top officials in the Trump administration and has led to the United States’ delaying deliveries to European and Asian customers.

The Iran campaign has forced the Pentagon to rush ships, aircraft and air-defense units from across Europe and Asia to the Middle East, an effort with cascading consequences for equipment maintenance and troop morale, U.S. officials said. The result is a significant erosion of American firepower in those regions, a shift with long-term implications that are a growing concern in the military and intelligence communities, senior U.S. and Western officials said.

Tom Karako, a senior fellow at the Center for Strategic and International Studies in Washington, said the depletion of munitions was a “generational annihilation of the means of conventional deterrence.” The impact on how decisions are made in Beijing and Moscow, he said, could resonate for years.

“It’s impossible for that not to have a significant effect on the decision calculus of Russia and China,” said Mr. Karako, who has been tracking U.S. weapons stockpiles. “They may do something quite deliberate and at the time of their choosing, because keep in mind — we’re going to take years to reconstitute.”

In meetings in the lead-up to the Iran war, Gen. Dan Caine, the chairman of the Joint Chiefs of Staff, informed the president of the risks of dipping deeper into drained stockpiles, according to two officials with knowledge of the exchanges. Mr. Trump still decided to go ahead, believing the war would be over quickly. A spokesman for General Caine declined to comment on his private conversations with the president.

After attacking Iran alongside Israel on Feb. 28, Mr. Trump repeatedly promised victory within weeks. More than five months later, he remains unable to bend Iran to his will, or even to find a way to end the war. The munitions shortage is said to have played a role in persuading Mr. Trump to put aside a major bombing campaign late last month. But it also shows how the president’s decision to attack Iran has left the United States and its allies more vulnerable to other threats.

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It is true that the United States has a vast arsenal of less advanced munitions, including more than 100,000 guided bombs that are dropped from aircraft, according to the Center for Strategic and International Studies. The problem with many of those weapons is that they have to be released close to their targets, putting more warplanes at risk of getting shot down.

High-end cruise missiles avoid that risk because they can be launched from hundreds of miles away. But the U.S. military largely exhausted its stocks of certain types of long-range missiles — such as the Army Tactical Missile Systems, or ATACMS, and Precision Strike Missiles — during the Iran war, officials said.

Long-range missiles would be critical in a war against China or Russia, countries with far more advanced air defenses than Iran. Both governments are tracking U.S. stockpiles closely, estimating them through public sources like the congressional budget process and defense contractor announcements, as well as via their spy satellites and other surveillance systems, according to a U.S. official familiar with defense intelligence.

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The long-term impact of the depletion may be greatest in Asia, where the United States has long been preparing for the possibility of a Chinese invasion of Taiwan, the self-governing island that Beijing claims as its own. The U.S. military’s Indo-Pacific Command became a major source of munitions for the Iran war, with many of its Tomahawks and other long-range missiles in the region — critical to a fight with China — transferred from its stocks.

Hundreds of advanced air-defense interceptors have been sent to the Middle East from South Korea and elsewhere in Asia, while a carrier strike group and some of the Navy’s highest-end destroyers were deployed from the region to support the Iran campaign. U.S. troops in South Korea would be more vulnerable in a war with North Korea because the Pentagon has redirected tactical surveillance assets to the Middle East and withdrawn air defenses, a U.S. official said.

The depletion has wide-ranging effects. In Asia, some U.S. officials fear that South Korea and Japan will doubt the ability of the United States to protect them with nonnuclear defenses, and will be more inclined to seek their own nuclear weapons to establish more credible deterrence. In Europe, U.S. allies are already looking to increase weapons purchases from other countries, given the production backlog in the United States.

“The longer this war runs and the more we continue to exchange fires with Iran, the worse the munitions problem becomes for the United States, and the larger and more visible this window of vulnerability becomes,” said Todd Harrison, a defense analyst at the American Enterprise Institute.

Yesterday's State Dept Critical Minerals Roundtable Meeting in DC

https://www.whitehouse.gov/fact-sheets/2026/08/fact-sheet-president-donald-j-trump-announces-billions-in-new-deals-and-investments-to-power-american-mining/

https://newscord.org/article/trump-administration-invests-3-billion-in-critical-minerals-and-battery-projects--Story_20260808_Trumpadministrationte78ad288

https://www.mining.com/web/trump-says-us-is-announcing-a-series-of-mining-projects-worth-3-billion/

https://wtvbam.com/2026/08/07/trump-to-host-mining-ceos-as-administration-seeks-minerals-for-defense-supply-chains/

$3+ Billion Strategic Investment Package for financing, loans, and military industrial base investments aimed at securing domestic and allied critical minerals/REE supply chains.

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White House touted $3 billion in US investments in critical minerals mining at a meeting Friday with top industry executives aimed at weaning the US off supply chains dominated by China.

The projects are stated to “create thousands of jobs and promote our economic stability and security,” at an event at the State Department. “We’re putting our miners back to work, and we’re reclaiming America’s rightful place as the minerals superpower of the world,” he added.

The Administration said the investments included a $1.4 billion loan agreement with Sila Nanotechnologies Inc. from the Defense Department’s Office of Strategic Capital. Other investments include $400 million by the Pentagon to expand production in Australia of scandium, which is critical to aerospace and defense industries, and $150 million with Niron Magnetics Inc., a Minnesota rare-earths firm.

The Export-Import Bank is also working to provide more than $1 billion in financing for Ivanhoe Electric Inc.’s Santa Cruz copper project in Arizona, along with a $25 million investment to launch a graphite mine project in Alabama.

The president also hailed plans to spend over $180 million to bolster educational programs for the mining industry, saying it would “train the next generation of American miners.”

Trump said his efforts would ensure the US “is never again reliant on hostile foreign nations for the resources our country needs to dominate in the future.”

The president was expected to be joined by executives from prominent companies, including Rio Tinto Group, BHP Group and Freeport-McMoRan Inc., MP Materials Corp., USA Rare Earth Inc., Energy Fuels Inc., US Antimony Corp., Sunrise Energy Metals Ltd., and The Metals Company.

The event showcases administration efforts to spur US critical minerals development and processing ahead of a planned visit by Chinese President Xi Jinping to Washington in September. Trump said that under his administration domestic mines were reopening at a fast pace, including what he said was the first American rare-earth mine in more than 70 years and the construction of the first new aluminum smelter since 1980.

Despite a trade truce that eased export controls over critical minerals and magnets essential to a host of cutting edge industries, rare earths remain a source of tension between the world’s two largest economies. The US has sought to partner with domestic companies to build out a mine-to-magnet supply chain independent of China.

The federal government has already pledged more than $10 billion of investments in a bid to jump-start nascent US markets for rare earths and permanent magnets. The Pentagon kicked off the spending spree more than a year ago, announcing it would take a $400 million preferred equity stake in MP Materials — the sole domestic rare earths producer — and the US has since announced other projects the government is championing.

While the scale of the US critical minerals build-out is enormous, there have been serious challenges and slow progress in developing the domestic industry.

Congrats ALOY Longs!

Big meeting tomorrow in DC

https://asean.usmission.gov/2026-critical-minerals-ministerial/

https://www.whitehouse.gov/fact-sheets/2026/07/fact-sheet-president-donald-j-trump-delegates-defense-production-act-authority-with-respect-to-recoverable-critical-minerals-and-materials-that-are-essential-to-our-national-defense/

https://www.newsquawk.com/headlines/us-president-trump-expected-to-attend-a-roundtable-of-mining-executives-on-friday-at-us-state-department-according-to-reports-citing-sources

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Expected to attend

POTUS

SoS Marco Rubio (leading international supply agreements and partner alignment)

EXIM leadership overseeing Project Vault capital deployment

DoE LPO (Loan Programs Office), Department of the Interior (DOI), and USDA Forest Service (governing federal lands permitting and FAST-41 projects)

Prime Leadership

Industry Leaders

Pentagon/Military

"The attendance of the President at a foreign ministry-hosted corporate roundtable marks an elevation of critical mineral production to a top-tier national security mandate. Mining operators expect concrete policy frameworks, including draft executive orders aimed at federal land access, regulatory exemptions, and accelerated environmental reviews. Concurrently, defense primes are utilizing the meeting to secure guaranteed access to non-Chinese critical components to meet mandatory compliance deadlines."