BLBX: 8-K · material agreement
REalloys Inc. (ALoy) entered into a 15-year Rare Earth Product Offtake Agreement with Critical Metals Corp, effective May 15, 2026. The agreement commits REalloys to purchase 15% of the monthly Phase 1 production of rare earth element concentrate from Critical Metals’ Tanbreez project in Greenland, capped at 15,000 metric tons annually. The pricing mechanism is tied to trailing six-month averages of major industry indices (Argus, Asian Metal, Fastmarkets) with a 2% annual escalating floor price. REalloys will pay for payable elements including neodymium-praseodymium, dysprosium, terbium, and yttrium, with recovery yields fixed above 85%. This deal secures a long-term supply of critical rare earth materials for REalloys, reducing supply chain risk and providing visibility into future input costs. The agreement includes strict default clauses, including penalties for failure to take delivery and interest on unpaid amounts at SOFR + 3%.
BLBX: 10-Q · periodic report
REalloys Inc. reported a net loss of $106.7 million for the three months ended March 31, 2026, driven primarily by $81.8 million in non-cash stock-based compensation and a $6.4 million impairment of its EVTEC investment. The company generated $706,000 in revenue, primarily from its Euclid Magnet Facility and the Blackbox trading platform, while raising $46.8 million in net proceeds from a public offering in March 2026. The filing confirms that management no longer has substantial doubt about the company's ability to continue as a going concern, citing improved liquidity from the capital raise. However, the company disclosed material weaknesses in internal controls and noted that voting control is now concentrated in CEO Leonard Sternheim following the deconsolidation of the Blackbox.io subsidiary. REalloys continues to advance its rare earth supply chain strategy, including $2.4 million in deposits paid to the Saskatchewan Research Council for pilot processing projects. The company estimates non-binding capital commitments of approximately $71.3 million over the next three years for its SRC arrangements, though it views these expenditures as discretionary.
BLBX: NT 10-Q · late filing
Realloys Inc. filed a Form 12b-25 notification on May 15, 2026, requesting additional time to file its Quarterly Report on Form 10-Q for the period ended March 31, 2026. The company stated that it cannot file the report within the prescribed time period without unreasonable effort and expense, citing the need for additional time to compile and analyze supporting documentation to complete its financial statement preparation and review process. Realloys anticipates filing the 10-Q no later than the fifth calendar day following the prescribed due date. The filing was signed by CEO Leonard Sternheim, who confirmed that no significant change in results of operations is anticipated compared to the corresponding period of the last fiscal year.
BLBX: 8-K/A · material agreement
On February 25, 2026, REalloys Inc. (formerly Blackboxstocks Inc.) filed an amendment to its 8-K, providing the required financial statements and pro forma financial information for the merger with REalloys Solutions Inc. (formerly REalloys Inc.). The merger, which closed on February 24, 2026, involved the issuance of 50,365,924 shares of common stock to REalloys Solutions Inc. stockholders, resulting in a 92.2% ownership stake in the combined company. The pro forma financial statements reflect the combined financial position and results of operations as if the merger had been completed on December 31, 2025. The unaudited pro forma condensed combined balance sheet as of December 31, 2025, shows total assets of $105,095,000 and total liabilities and stockholders' equity of $105,095,000. The unaudited pro forma condensed combined statement of operations for the year ended December 31, 2025, reports a net loss of $136,635,000. The filing also includes the audited financial statements of REalloys Solutions Inc. for the years ended December 31, 2025, and 2024, and the consents of Grassi & Co., CPAs, P.C., and Stephano Slack LLC, the independent registered public accounting firms.
