Ramaco Resources Enters Strategic MOU with REalloys
Ramaco Resources (METC) has entered into a non-binding memorandum of understanding with REalloys (ALOY) to establish a strategic relationship to complete due diligence and finalize an offtake agreement aimed at bolstering America's domestic rare earth and permanent magnet supply chain. The MOU contemplates that Ramaco would provide REalloys with a supply of Mixed Rare Earth Carbonate, or MREC, from Ramaco's exploratory rare earth and critical minerals project in Wyoming. REalloys would then perform separation of the Ramaco feedstock into various rare earth oxides at its Saskatchewan Research Council facility. The MOU also contemplates that Ramaco would supply its own separated scandium oxide from its Brook Mine critical mineral refinery for alloy metallization at REalloys' Euclid, Ohio facility.
