AI Summary

The U.S. Army has signed a non‑binding term sheet with REalloys to construct the first commercial rare‑earth processing plant on a military base, leasing 200 acres at Tooele Army Depot in Utah for up to 75 years. The facility will produce dysprosium and terbium, critical for the magnets used in every F‑35, Tomahawk missile and Virginia‑class submarine. China currently supplies nearly all of these metals, and after Beijing signaled a possible cutoff in April 2025, Pentagon procurement rules will force the removal of Chinese material from defense magnet supply chains starting January 1 2027, giving contractors only weeks to secure an alternative source.

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