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REalloys Completes Merger with Blackboxstocks, Begins Trading on Nasdaq
Combined company positioned as vertically integrated heavy rare earth platform supporting U.S. national security and defense supply chains
Published on Feb. 24, 2026
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Blackboxstocks Inc. (Nasdaq: BLBX) announced the successful closing of its previously announced merger with REalloys Inc. on February 24, 2026. Effective February 25, 2026, the combined company will operate under the name REalloys Inc. and trade on the Nasdaq Capital Market under the ticker symbol 'ALOY'.
Why it matters
The transaction marks the public market debut of a vertically integrated North American heavy rare earth platform focused on establishing a secure, zero-China nexus supply chain aligned with U.S. defense procurement priorities. REalloys is positioned to advance its strategic objective of becoming the largest producer of heavy rare earth oxides and metals outside of China by the first half of 2027.
The details
As part of the merger, Blackboxstocks authorized and declared a dividend of one contingent value right (CVR) for each share of common stock outstanding. The CVRs will represent the rights to receive cash payments in connection with certain transactions involving the assets, rights and properties owned by Blackbox.io Inc., a Nevada corporation and wholly owned subsidiary of Blackboxstocks. Following the closing, REalloys is positioned to scale its oxide separation and metallization capacity to serve defense, advanced manufacturing, and protected industrial markets. The company's integrated mine-to-magnet strategy encompasses upstream resource development, midstream processing, and downstream manufacturing.
- The merger closed on February 24, 2026.
- REalloys began trading on the Nasdaq under the ticker 'ALOY' on February 25, 2026.
The players
REalloys Inc.
A vertically integrated North American heavy rare earth platform focused on establishing a secure, zero-China nexus supply chain aligned with U.S. defense procurement priorities.
Blackboxstocks Inc.
A Nasdaq-listed company that merged with REalloys to form the combined entity.
Blackbox.io Inc.
A Nevada corporation and wholly owned subsidiary of Blackboxstocks that was organized to conduct historical operations of Blackboxstocks.
Mission Critical Materials
A U.S. government-backed company that has a strategic partnership with REalloys to provide tailings and waste stream technology.
Saskatchewan Research Council
An organization that is partnering with REalloys to build a platform to scale North American midstream separation, refining, and metallization capabilities.
What’s next
REalloys is positioned to advance its strategic objective of becoming the largest producer of heavy rare earth oxides and metals outside of China by the first half of 2027, supported by what the Company believes are among the most advanced commercial-scale heavy rare earth separation and metallization assets outside of China.
The takeaway
The merger of Blackboxstocks and REalloys creates a vertically integrated heavy rare earth platform that is poised to play a key role in supporting U.S. national security and defense supply chains, reducing reliance on China for critical minerals.
