REalloys (ALOY) investor relations material

Executive summary

• Completed a reverse recapitalization with Blackboxstocks Inc. on February 24, 2026, resulting in a new public listing and significant changes to the capital structure.

• Focused on building a vertically integrated North American rare earth to magnet supply chain, with key assets including the Hoidas Lake Project and the Euclid Magnet Facility.

• Acquired PMT Critical Metals Inc. in March 2025, expanding production capabilities for rare earth metals and magnet materials.

• Raised $46.8 million in net proceeds from a public offering in March 2026, strengthening liquidity.

• Voting control is now concentrated in the CEO, Leonard Sternheim, following a series of preferred stock transactions.

Financial highlights

• Q1 2026 revenue was $706,000, up from $0 in Q1 2025, reflecting initial sales from the Euclid Magnet Facility and Blackbox subscription revenue.

• Net loss for Q1 2026 was $(106.7) million, compared to $(1.7) million in Q1 2025, driven by $81.8 million in stock-based compensation, a $6.4 million impairment, and $9.2 million accretion expense.

• Gross margin for Q1 2026 was 58% on $706,000 revenue.

• Cash and cash equivalents at March 31, 2026 were $42.5 million, up from $2.8 million at year-end 2025.

• Working capital at quarter-end was $58.9 million; accumulated deficit increased to $(187.8) million.

Outlook and guidance

• Management expects continued operating losses as the company advances its development-stage projects and expands production capacity.

• Additional capital will be required for long-term growth and to fund major development projects, including the SRC metallization facility and Hoidas Lake.

• The company is actively evaluating financing alternatives and may adjust project timing based on capital availability.