Professional
Added to YB: 2026-07-31
Pitch date: 2026-07-29
ALOY [bearish]
REalloys Inc.
-10.6%
current return
Author Info
Pelican Way Research is an activist short selling and research firm dedicated to public market transparency. Sign up for the newsletter.
Company Info
REalloys Inc. operates as a rare earth metals and permanent magnet company in North America. The company produces rare earth metals, such as neodymium, praseodymium, dysprosium, terbium, samarium, gadolinium, yttrium, and scandium; and magnets, such as NdFeB Magnets, SmFe12 Magnets, and MnBi Magnets.
Market Cap
$515.2M
Pitch Price
$7.97
Price Target
N/A
Dividend
N/A
EV/EBITDA
-3.03
P/E
-4.35
EV/Sales
314.77
Sector
Metals and Mining
Category
N/A
REalloys: A Painfully Stereotypical Mining Promotion Brought To Investors By a Sanctioned Promoter and an alleged 'Mob Boss'
ALOY (short): ~$700mm 'mine-to-magnet' promotion; Hoidas Lake mine '2-5yrs from production' for 20yrs, sold for $20,024 in 2015 bankruptcy. No PEA/PFS/FS, no reserves, $400mm+ capex vs only $1.7mm DOD contract. Touted SmFe12 70 MGOe is ~5x record; expert says won't replace NdFeB. Cast: alleged 'mob boss,' Ponzi/pump-and-dump CEO, sanctioned advisor (Li-Cycle bankruptcy). Sketchy partners CRML/Ramaco. Dilution ahead.
Read full article (16 min)