REalloys Inc. signed a non-binding Memorandum of Understanding with Ramaco Resources to source rare earth elements from U.S. coal deposits.

The agreement focuses on the supply and commercialization of critical minerals from the Brook Mine in Wyoming.

The collaboration involves metallurgical testing and product qualification for mixed rare earth carbonate and scandium oxide.

REalloys may secure up to 20% of future production from the Brook Mine under this framework.

This initiative supports U.S. efforts to build a domestic supply chain for minerals used in defense, technology, and energy.