REalloys partners with Saskatchewan Research Council on rare earths processing

A sample of bastnaesite ore, displayed at the Geological Museum of China in Beijing. The mineral is used in the rare earth industry to extract elements including neodymium, which Realloys will produce at a Saskatchewan facility.

U.S. heavy rare earths magnet startup REalloys said on Monday it would partner with the Saskatchewan Research Council, the Canadian province’s technology innovation unit, on an expansion of a heavy rare earths processing plant due to start operating in early 2027.

REalloys will invest about US$21-million in the facility to expand production of heavy rare earths, in return for a long-term offtake agreement of 80 per cent of annual production, it said.

The announcement comes as the U.S. government seeks to develop an alternative supply pipeline for the specialized