The Securities and Exchange Commission has declared effective the registration statement for the merger between Blackboxstocks Inc. and REalloys Inc., clearing a significant regulatory hurdle. The companies anticipate completing the merger in the near term, pending NASDAQ listing approval and other customary closing conditions. This corporate development coincides with a major strategic appointment at REalloys, which has named retired four-star General John M. "Jack" Keane as a Designate Director. He will formally join the board upon the merger's completion.
General Keane, a former Vice Chief of Staff of the U.S. Army, brings decades of national security and strategic leadership experience to REalloys. His career included commanding the 101st Airborne Division and serving as the Army's Chief Operating Officer, directing a global force with a $110 billion budget. He was a key architect of the "Surge" strategy in Iraq and is a recipient of the Presidential Medal of Freedom. "The United States and our allies face a defining challenge: we must secure the strategic resources that power our defense systems and our economy," General Keane stated. "Dependence on adversaries for these materials is a vulnerability we can no longer accept."
REalloys is focused on building a fully integrated, Western-aligned supply chain for heavy rare earth elements, critical for defense systems, clean-energy technologies, and high-performance industrial applications. The company's operations span from upstream resource development, including its Hoidas Lake asset in Saskatchewan, to downstream manufacturing in Euclid, Ohio. Its Ohio facility supplies components to agencies including the Department of Defense and NASA. Stephen S. duMont, Chairman of REalloys and President of GM Defense, emphasized the national security imperative, stating the company is working to "break reliance on foreign adversaries for rare earth supply chains" and "secure the industrial foundation of the free world."
The merger and board appointment occur amid heightened focus on securing supply chains for critical minerals. General Keane joins a board that includes Ambassador David MacNaughton, former Canadian Ambassador to the United States, and former Saskatchewan Premier Brad Wall, combining defense, diplomatic, and industrial policy expertise. Investors can find detailed information about the proposed merger in documents filed with the SEC, available through the agency's website at http://www.sec.gov. Additional company information for Blackboxstocks is available at https://blackboxstocks.com. The strategic moves underscore a concerted effort to scale North American capacity for rare earth processing and manufacturing, reducing a key geopolitical vulnerability.
