REEx Inside Scoop: REalloys Registers 247,740 Settlement Shares as Rare Earth Production Timelines Shift

Highlights

• REalloys registered 247,740 settlement shares for Bahamas-based Dark Horse Capital Ltd., controlled by Robert Genovese, following an August 2026 settlement agreement.
• Heavy rare earth metallization commissioning has shifted to Q1 2028, with operations targeted for H1 2028, pushing back earlier late-2026 to early-2027 projections.
• REalloys reported $122.4 million in cash but only $0.8 million in quarterly revenue and a $36.8 million net loss, largely driven by $32.1 million in noncash stock compensation.
• Two resale registrations covering roughly 1.24% of outstanding shares raise questions about equity compensation practices alongside the company's mine-to-magnet ambitions.
• The Euclid facility's planned expansion to 1,000 tonnes of annual NdFeB magnet-material capacity by Q2 2027 has been explicitly paused.