REalloys Inc. (NASDAQ:ALOY) ("REalloys" or the "Company"), a North American integrated rare earth platform company, and JS Link Inc. (KOSDAQ: 127120) ("JS Link"), a leading developer and manufacturer of advanced permanent magnets, today announced the execution of a non-binding Letter of Intent (the "LOI") to evaluate a strategic partnership to develop an integrated North American rare earth magnet manufacturing platform.

Under the non-binding LOI, the companies intend to evaluate opportunities to combine REalloys' North American rare earth supply chain, processing, heavy rare earth metallization, government and defense relationships, commercialization capabilities and capital markets expertise with JS Link's permanent magnet manufacturing technology, operational expertise and global manufacturing platform.