REalloys Inc. (NASDAQ: ALOY) ("REalloys" or the "Company"), a U.S.-based rare earth minerals and materials company building a vertically integrated North American "mine-to-magnet" supply chain, today announced that a subsidiary of REalloys and the U.S. Department of the Army ("Army") have executed a non-binding term sheet setting out the principal commercial terms for a potential Enhanced Use Lease ("EUL") to develop a heavy rare earth processing facility at Tooele Army Depot in Utah. Other than certain customary provisions, the term sheet is non-binding, and there can be no assurance that a definitive EUL will be executed.

The term sheet follows the Army's June 25, 2026 selection of REalloys as the solicitation awardee enabling exclusive negotiations under its Strategic Capital Initiatives. It contemplates development of the facility on approximately 200 acres at Tooele Army Depot. The facility would process and refine target critical minerals, including dysprosium ("Dy") and terbium ("Tb"), the heavy rare earth elements used in, among other things, high-temperature permanent magnets for precision-guided munitions, electric motors, sonar, radar and other defense systems.

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