On October 13, 2025, Blackboxstocks Inc. (NASDAQ: BLBX) announced that its merger target, REalloys Inc., has entered into a letter of intent (LOI) for a 10‑year offtake agreement with Critical Metals Corp. The LOI commits Critical Metals to supply 15% of the projected Tanbreez Project’s rare‑earth concentrate, amounting to approximately 6.75 million metric tons over the decade.
The agreement provides REalloys with a long‑term supply of heavy and medium rare‑earth feedstock, a critical input for its planned downstream magnet production in Ohio. By securing a stable source of high‑grade material from one of the world’s largest heavy‑rare‑earth deposits in Greenland, the deal strengthens the North American mine‑to‑magnet supply chain that BLBX’s new strategy aims to dominate.
For investors, the LOI represents a significant operational milestone that underpins the value proposition of BLBX’s pivot. It reduces supply‑chain risk for the merged entity, accelerates the timeline for bringing REalloys’ magnet products to market, and aligns the company with U.S. defense and critical‑infrastructure priorities, all of which are material drivers of future revenue and growth.
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