24/7 Market News Snapshot 10 March, 2025 – Blackboxstocks Inc. Common Stock (NASDAQ:BLBX)

March 10, 2025

DENVER, Colo., 10 March, 2025 (247marketnews.com) – (NASDAQ:BLBX) are discussed in this article.
Blackboxstocks Inc. (NASDAQ:BLBX) is currently navigating a challenging market environment, reflecting a decline of approximately 5.81% to trade at $3.259 in pre-market sessions. This downturn is amplified by a notable trading volume of 2.29 million shares, indicating intensified selling pressure. Traders are advised to monitor critical technical indicators, including moving averages, as the stock’s ability to maintain above the $3.30 resistance level will be crucial for reversing the current downward trend. A breach below established support levels may trigger further sell-offs, necessitating a cautious approach from investors.

In parallel, Blackboxstocks has entered into a definitive merger agreement with REalloys Inc., a leading player in the rare earth elements sector. Valued at approximately $400 million, this strategic merger aims to enhance REalloys’ footprint in North America while addressing the critical supply chain needs for national defense. This deal positions REalloys to serve as a comprehensive mine-to-magnet producer, particularly pertinent as the demand for domestic production of rare earth magnets intensifies.

Upon completion of the merger, stockholders of Blackbox and REalloys are anticipated to hold about 7.3% and 92.7% of the combined entity’s common shares, respectively. The merger is especially timely, as REalloys focuses on minimizing America’s reliance on foreign sources for essential rare earth materials, tapping into the Hoidas Lake Rare Earth Deposit—one of the world’s largest deposits.

David Argyle, CEO of REalloys, highlighted the urgent need for a secure domestic supply chain linked to national defense priorities. Gust Kepler, CEO of Blackbox, expressed strong optimism about the merger, emphasizing its potential to bolster North America’s leadership in rare earth production and enhance the country’s economic resilience. The transaction is expected to finalize in the second quarter of 2025, pending necessary regulatory approvals and customary conditions.

Related news for (BLBX)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.