REalloys Subsidiary Executes Term Sheet for Heavy Rare Earth Processing Facility in Utah

09:41 AM EST, 11/03/2026 (MT Newswires) -- REalloys (ALOY) said Tuesday that one of its subsidiaries has executed a non-binding term sheet with the US Department of the Army involving the development of a heavy rare earth processing facility at Tooele Army Depot in Utah. The term sheet sets out the principal commercial terms for a potential enhanced use lease to develop the facility. Under the proposed framework, REalloys would develop, finance, build, operate and ultimately decommission the facility, according to a statement. The parties will work to complete the remaining project-development conditions and negotiate the definitive enhanced use lease, REalloys said. Price: 6.17, Change: -0.16, Percent Change: -2.53