The U.S. Army has signed a non-binding term sheet with REalloys (NASDAQ: ALOY) to build the first-ever commercial rare earth processing operation on a U.S. military installation. The plan covers 200 acres at Tooele Army Depot in Utah, a lease that could run as long as 75 years, and provides first access for the Army to the rare earth products produced at this facility. Those metals are dysprosium and terbium. Every F-35, Tomahawk missile, and Virginia-class submarine depends on magnets made with them, and China produces nearly every ounce of both.…

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.