REalloys (NASDAQ: ALOY) is moving heavy rare earths from Canada to its Ohio facility to meet the U.S. defense's 2027 deadline. The company's plan is to lock up 80% of the Saskatchewan Research Council's (SRC) output and scale production to 3,500 tonnes of NdPr metal, 200 tonnes of dysprosium metal, 45 tonnes of terbium metal, and 20,000 tonnes of finished magnets annually by 2027. Rare earth supply is heavily concentrated, with China controlling north of 90% of the market. Prices have swung dramatically: neodymium is now around $215/kg, up 45% this year; dysprosium has climbed to roughly $931/kg, up more than 100%; and terbium metal in China sits near $1,000/kg. Outside China, the same metals clear at a premium—neodymium moves higher, dysprosium can reach $1,200–$1,500/kg, and terbium can exceed $4,000/kg. The Pentagon's new DFARS rule, effective January 1, 2027, bans Chinese-origin rare earths in U.S. defense systems. Lockheed Martin, RTX , and Northrop Grumman must secure a domestic, China‑free supply chain by that date. General Motors (NYSE: GM), Intel (NASDAQ: INTC), and GE Aerospace (NYSE: GE) also rely on rare earth magnets for EV drivetrains, chip manufacturing, and aircraft systems, respectively. Tim Johnston, co-founder of REalloys , explained that replicating the company's supply chain would require securing non-Chinese feedstock, building a commercial-scale separation circuit, qualifying oxide-to-metal reduction for dysprosium and terbium, and scaling alloying and magnet fabrication with customer qualification. The company completed a reverse merger and now trades on NASDAQ. EXIM has provided a Letter of Intent for $200 million to support the buildout. With 247 days left until the 2027 deadline, REalloys is positioned to capture the premium outside China and provide a resilient supply for defense and commercial markets. The company's 30-year metallurgy expertise and the SRC partnership give it a unique advantage to meet the Pentagon's requirements while mitigating the concentration risk that has long plagued the rare earth sector.