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- REalloys Takes Aim at China’s REE Magnet Dominance, Uber's Founder Comes For The Mining Business, And A Mega Partnership For Drones And Robotics
REalloys Takes Aim at China’s REE Magnet Dominance, Uber's Founder Comes For The Mining Business, And A Mega Partnership For Drones And Robotics
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REalloys Is Building The Largest Heavy Rare Earth Metallization Facility Outside Of China
REalloys (NASDAQ: ALOY) publicly stated they are building out a new heavy rare earth metallization facility in North America. The new facility is expected to be the single largest rare earth metallization facility outside of China that is capable of commercial scale operations and supplying the United States military with strategic rare earth stockpiles without any nexus to foreign countries or supply chain risks from non-allied nations. The new facility is expected to require approximately $40 million in investment, which they are fully funded for after successfully raising $50 million in an equity financing round at $18.50 per share.

Travis Kalanick Is Getting Into The Mining Business Next
Entrepreneur, investor, and Uber (NYSE: UBER) founder Travis Kalanick publicly stated he is backing a new mining company named Pronto AI. Pronto AI is focused on autonomous haulage systems for mines and quarries and has developed proprietary hardware and software that is purpose built for being deployed at large scale producing mines.

Palantir and Ondas Strike New Partnership For Drones and Robotics
Palantir (NASDAQ: PLTR) and Ondas (NASDAQ: ONDS) formed a new strategic partnership focused on building a new artificial intelligence powered system for linking drones and ground robots into one network. The new partnership is aiming to develop a leading edge software system that can integrate balloons in the stratosphere, aerial drones and ground robots into a unified system for military operators to be able to make faster mission decisions.

REalloys: The Pentagon’s Newest Rare Earth Magnet Partner
REalloys (NASDAQ: ALOY) has been awarded a new contract from the United States Defense Logistics Agency to design a modular plant to produce samarium and gadolinium metal for rare earth magnets located in Ohio.
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The Sprint
Nebius Group (NASDAQ: NBIS) landed a $2 billion strategic equity investment from Nvidia (NASDAQ: NVDA).
HIVE Digital Technologies (NASDAQ: HIVE) and AMC Robotics (NASDAQ: AMCI) formed a new collaboration to run artificial intelligence workloads for robotics.
MDA Space (NYSE: MDA) officially raised $300 million in a new equity financing and began trading on the New York Stock Exchange.

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