New York, May 30, 2026, 15:04 (EDT)
REalloys Inc. dropped 5.9% Friday, closing out the short trading week in the red as investors showed little reaction to new rare-earth supply-chain news from the Nasdaq-listed company.
The stock finished at $9.16 on May 29, falling from $9.73. Shares traded in a range from $9.08 to $9.95 during the day. It fell about 6.4% over the four sessions after the previous Friday’s close, despite posting strong gains earlier in the week.
Trading was closed on U.S. exchanges Monday for Memorial Day. The market heads into a weekend break after a short, four-day week that put supply deals ahead of production to the test. NYSE’s regular session hours are 9:30 a.m. to 4 p.m. Eastern.
Ramaco Resources and REalloys said May 28 they signed a non-binding memorandum of understanding to look at potential supply from Ramaco’s Brook Mine project in Wyoming. The MOU, which is not a firm contract, suggests REalloys might get rights to up to 20% of Ramaco’s future output of mixed rare earth carbonate and other critical materials. Mixed rare earth carbonate is an intermediate product, later separated into individual rare-earth oxides.
Ramaco said the deal also covers scandium oxide supply for metallization at REalloys’ Euclid, Ohio plant. Metallization is turning rare-earth compounds into a metal form, which is needed for magnets. Ramaco Chairman and CEO Randall Atkins said the two firms are working on “domestically sourced” feedstock to build an “ex-China” permanent magnet supply chain. PR Newswire
REalloys gave a May 26 update on deals with the Saskatchewan Research Council. The company has put about $20.6 million into upgrading SRC’s rare-earth processing plant and now holds preferred rights for up to 80% of any extra output. First commercial production at the Saskatoon facility is expected in early 2027. CEO Lipi Sternheim said the latest milestones are bringing REalloys closer to “qualified, sovereign rare earth metals at scale.” REalloys, Inc.
The main strategy here is to secure feedstock ahead of U.S. defense rules barring Chinese-sourced materials, which start in 2027. Rare earths are a set of metals used in strong magnets, electronics, and some defense gear. Heavy rare earths like dysprosium and terbium draw extra attention since they let magnets handle high temperatures.
REalloys signed a 15-year binding offtake agreement with Critical Metals Corp. to buy rare-earth concentrate from the Tanbreez project in Greenland. The deal has REalloys taking 15% of the project’s yearly rare-earth concentrate output, according to Reuters last week.
REalloys didn’t see all good news Friday. The S&P 500 and Nasdaq were each up roughly 0.2%, but some rare earth names headed lower. Critical Metals slid 3.5%. Ramaco was down 6.5%. MP Materials lost 3.2%.
The risk is clear. The Ramaco deal hasn’t been locked in yet—REalloys called the pact non-binding and said a final agreement still needs technical checks, due diligence, and consensus on terms. The company flagged risks like possible delays, cost overruns, feedstock problems, policy changes and rare-earth price volatility.
Week ahead looks like a test for this stock. After Monday, investors face a company with more feedstock deals signed, but key issues still hang—are terms binding, is the material up to spec, are timelines for commissioning set? And does all of it come together before the 2027 defense deadline?
