Blackboxstocks Inc. (NASDAQ:BLBX) climbed 4.3% in pre-market trading on Wednesday after revealing that its merger target, REAlloys Inc., has signed a Memorandum of Understanding (MOU) with Japan Organization for Metals and Energy Security (JOGMEC).
The strategic agreement establishes a collaborative framework between REAlloys and JOGMEC to advance rare earth development, facilitate technology transfer, and strengthen industrial security. It also marks JOGMEC’s first engagement with a U.S.-based rare earth company.
Under the MOU, the parties will work together to develop, qualify, and supply high-performance rare earth materials and magnets supporting the U.S.-Japan Alliance. The collaboration will include technology transfer initiatives, investment opportunities, and structured offtake agreements.
“JOGMEC’s financial, technical and industrial leadership in this industry is unmatched,” said Leonard Sternheim, CEO of REAlloys. “By combining Japan’s technological excellence with North America’s industrial capacity, we are driving the next wave of resource innovation.”
The partnership will emphasize several areas, including transferring advanced Japanese magnet and processing technologies to REAlloys’ North American facilities, exploring JOGMEC-backed investments in the company’s supply chain, and allocating resources from REAlloys’ Hoidas Lake and secondary sources to Japanese customers.
JOGMEC has a history of supporting non-Chinese rare earth supply chains, having invested more than A$200 million in its partnership with Lynas Rare Earths Ltd. in Australia and €110 million in the Caremag refinery in France.