REalloys to raise about $100 million through private stock placement

REalloys signed a deal with institutional investors for a private placement of common stock expected to raise roughly $100 million in gross proceeds, @MarioNawfal reported. The placement is scheduled to close on June 26. The company will direct the proceeds to working capital and general corporate purposes.

REalloys trades on NASDAQ under the ticker ALOY. It mines at Hoidas Lake in Saskatchewan, conducts processing and metallization with SRC, and operates an Ohio plant that supplies the Pentagon, the Department of Energy, and NASA.