REalloys CEO Lipi Sternheim on the company's Utah rare earths project could help the U.S. reduce China's grip on the critical minerals. The Army and a U.S.-based rare earth minerals and materials company on Tuesday took a step toward developing a heavy rare earth processing facility at a location in Utah as the U.S. looks to source the critical minerals outside of China. REalloys Inc. and the Army executed a non-binding term sheet that outlines commercial terms for a potential lease to develop a rare earth processing facility at Tooele Army Depot in Utah. The move follows the selection of…