A rare-earth mine company, REalloys Inc., announced on March 2 that it has been awarded a $1.7 million federal defense contract to be the first company to re-establish domestic production of metals needed for national security after China banned exports in 2025.
The Florida-based company plans to design next-generation, environmentally friendly facilities to produce samarium and gadolinium metals used in stealth radars, nuclear reactors, jets, and other defense applications.
“Today, global supply of these metals remains almost entirely offshore, leaving U.S. defense and industrial users exposed to geopolitical risk, long lead times, and price volatility,” REalloys stated.
Samarium-cobalt magnets are the only magnets capable of withstanding the extreme heat of fighter jet engines and the supersonic friction of precision-guided munitions….
Florida Magnet Mine Company Secures Defense Funding to Restart Domestic Production
