REalloys adds general to executive ranks

REalloys Inc., a producer of magnetic materials and rare earth elements (REEs) with facilities in Ohio and Canada, has appointed four-star United States Army (Ret.) General John M. “Jack” Keane to its board of directors.

Keane initially has been named a designate director of REalloys and will join its board of directors upon closing of the acquisition of REalloys by Dallas-based Blackboxstocks Inc., which describes itself as a financial technology and social media hybrid platform. Blackboxstocks says it is awaiting finalization of the REalloys acquisition subject to conditions that include Nasdaq listing approval.

In an investor prospectus posted to its website, REalloys says it intends to make commercially ready, domestically produced REEs based on mining and concentrate production from a site in Saskatchewan, Canada, “combined with strategic off-take agreements including primary mineral concentrates, recycled materials and nonconventional sources.”

Regarding national security aspects of REalloys, the company writes, “The defense industrial base is approaching a fixed point at which compliant, non-[People’s Republic of China] magnet supply must exist at scale.”

Last year, REalloys acquired PMT Critical Metals of Euclid, Ohio, near Cleveland, calling that firm a company “with decades of expertise in alloy design, engineered powders and scaling metallurgical processes from lab to full production.”

Gen. Keane will join a leadership group that also includes ReAlloys CEO Lipi Sternheim and board chair Stephen duMont.

The company describes Sternheim as a veteran entrepreneur and mining executive with experience in operational management, corporate finance and mineral exploration in North and South America. He founded REalloys in 2024.

Board chair duMont, a U.S. Army veteran, has more than three decades of experience as a defense and aerospace sector executive, including with global companies Raytheon Technologies, BAE Systems and Boeing. Currently, duMont also serves as president of GM Defense, a division of Detroit-based General Motors focused on mobility, autonomous and battery-electric systems for military applications.