
-
Los Angeles protests simmer as Trump and state officials clash
-
Inter Milan gamble on novice Chivu after end of Inzaghi era
-
What is the high seas treaty?
-
Australia's Smith wary of South Africa pace attack in WTC final
-
England's Tuchel impatient for improvement after dire Andorra display
-
Inter Milan hire Chivu as new coach
-
Le Pen, Orban lambast EU at far-right rally in France
-
South Africa boosted by Broad chat ahead of WTC final against Australia
-
Tottenham closing in on Brentford's Frank in search for new manager
-
Warner Brothers Discovery to split into 2 companies to build streaming
-
US-China trade talks in London hang over markets
-
S.Africa wants return of apartheid-, colonial-era remains
-
TikTok says to increase investment in Britain
-
Australia's Smith fears South Africa pace attack in WTC final
-
US, China begin key trade talks in London
-
Injured Scotland prop Fagerson out of Lions tour
-
England's Tuchel refuses to 'sugarcoat' criticism after dire display against Andorra
-
Russia, Ukraine swap first prisoners in large-scale exchange
-
Monkey business delays Sri Lanka's wildlife survey
-
Defence or environment? UK faces spending choices
-
Stocks diverge awaiting China-US trade talks
-
Chivu leaves Parma ahead of Inter Milan move
-
Hitchcock heroine Novak awarded Venice lifetime achievement award
-
UK to boost 'homegrown talent' in new AI skills drive
-
Beaten Sinner extends lead on Alcaraz at top of ATP rankings
-
Strycova to replace Pala as Czech Billie Jean King Cup team captain
-
Defence or environment? London faces spending choices
-
'Tennis the winner' as Alcaraz and Sinner set for enduring rivalry
-
Don't let deep sea become 'wild west', Guterres tells world leaders
-
Chivu says goodbye to Parma ahead of Inter Milan move
-
Iran says to submit own nuclear proposal to US soon
-
Boisson jumps 296 places in WTA rankings after French Open run
-
China's exports slow as trade war takes toll
-
Tangled humpback whale sparks rescue mission off Australia
-
Malaysia bus crash kills at least 15, mostly students
-
Climate change heightens risk of Indian farmer suicides
-
Farmed production of some fish - and seaweed - is soaring
-
Bust attributed to Donatello splits Slovakia
-
Israel diverts Gaza-bound aid boat carrying Greta Thunberg
-
China exports slow as trade war takes toll
-
'Maybe Happy Ending' tops Broadway's Tony Awards
-
'Flawed' Test Championship reveals world cricket's underlying problems
-
Retired great Hakuho says leaving sumo after bullying scandal
-
Haliburton vows to improve after Thunder defense stifles Pacers
-
Trump travel ban in effect, citizens from 12 nations barred from US
-
McIntosh impresses in 800m free win at Canada trials
-
NATO learns as Ukraine's 'creativity' changes battlefield
-
Thunder rumble to 123-107 win over Pacers to level NBA Finals
-
Israel says Gaza-bound activist boat carrying Greta Thunberg redirected
-
Chinese consumer prices continue to fall as US trade talks loom

ReElement Technologies Corporation Receives $150 Million Letter of Interest from United States EXIM Bank to Advance the Nation’s Largest Critical Mineral Refinery
Marion Advanced Technology Center positioned to become the largest multi-mineral, multi-feedstock rare earth and critical mineral refinery in the United States
EXIM's support of the proposed capital funding plan for the Marion Advanced Technology Center advances the "Make More In America" initiative amid rising competition from China in critical mineral supply chains
FISHERS, IN / ACCESS Newswire / June 9, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources"), through its holding in ReElement Technologies Corporation ("ReElement" or "RTC"), a leading U.S. innovator in rare earth element (REE) and critical mineral refining, announced today that it has received support for the proposed capital funding plan by ReElement Technologies Corporation for the Marion Advanced Technology through a Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) for up to $150 million in financing. This financing will support the expansion of ReElement's state-of the-art rare earth, critical mineral and defense mineral refining project that is set to become the nation's largest multi-mineral, multi-feedstock rare earth and critical mineral refinery. The Marion facility builds on ReElement's successful commercial operations in its Noblesville, Indiana facility supplying highly refined critical mineral products to both the commercial and defense markets.
ReElement's Advanced Separation Platform Aligned with National Mandate for Mineral Independence
ReElement Technologies' rare earth element (REE) separation process - based on its patented and proprietary chromatography-based refining methods - represents a transformative leap forward in strengthening the U.S. industrial base for critical minerals. This innovative platform directly supports Presidential Executive Orders focused on restoring mineral independence and securing national supply chains. ReElement's process consistently produces ultra-high-purity (99.5%+) rare earth oxides and compounds such as neodymium, dysprosium, terbium, gallium, antimony, samarium, yttrium, gadolinium, and others - key materials required for metallization, magnet production, and advanced technologies across defense and commercial applications.
Mark Jensen, CEO of ReElement Technologies commented, "We're honored to receive positive support from the Export-Import Bank of the United States. Our team has worked tirelessly to validate our next-generation refining platform and strategically scale production to meet the growing needs of both commercial and defense sectors. From day one, our vision has been clear: the U.S. must regain control of the midstream segment of the critical mineral supply chain if we are to compete globally. Support from the federal government significantly accelerates the buildout of additional refining capacity at our 42-acre Marion campus and beyond. We are laser-focused on scaling up production of refined rare earth oxides and defense-grade mineral compounds that are urgently needed here at home. As we see it, ReElement is among the only - if not the only - commercial entity in the United States capable of producing these materials at quantities and cost structures that rival or even undercut the Chinese industrial base. We're excited to expand our footprint domestically and internationally, delivering long-term supply chain resilience and a diversified source of critical and rare earth elements."
Federal Support Aligned with New Executive Action on U.S. Mineral Production
The issuance of this Letter of Interest aligns with the March 20, 2025, Executive Order titled "Immediate Measures to Increase American Mineral Production". The order directs federal agencies, including EXIM, to streamline permitting, unlock financing, and establish offtake agreements for U.S.-based critical mineral processing facilities. It also sets near-term mandates for fast-tracking approvals, mobilizing capital, and stockpiling strategic materials vital to national defense, clean energy, and next-generation technology infrastructure.
ReElement's Technological Edge: Chromatographic Separation and Purification
ReElement employs continuous chromatography, a breakthrough in rare earth separation and purification that delivers:
Aqueous Chemistry - Eliminates the need for toxic and hazardous organic solvents, making the process safer and more environmentally friendly.
Lower Capital Expenditures - A few chromatography units can replace hundreds or even thousands of mixer-settlers to achieve the same throughput and product requirements.
High Versatility - An intrinsic-parameter-based design and predictive simulation tools allow for rapid, adaptable refining across various feedstocks and production scales.
Modular and Scalable Capacity - Easily expands processing volumes in alignment with growing feedstock availability.
Localized Processing - Reduces the need for raw ore transportation across the globe, strengthening supply chain security and efficiency.
ReElement's refining platform - originally developed by Purdue University for pharmaceutical purification - has been reengineered to separate rare earths and critical minerals with exceptional efficiency, scalability, and purity. Their patented, programmable platform handles multiple feedstocks and minerals, enabling rapid modular deployment across locations and resource types. Unlike legacy solvent extraction methods, it uses far fewer chemicals, requires less space, and generates minimal waste - making it faster to permit and simpler to co-locate near feedstock or end-use customers. This breakthrough eliminates a major chokepoint in global critical mineral supply chains, which has been dominated by single-source processing, no longer tenable as the U.S. must forge critical mineral supply chain independence, both through refining in the U.S. and in partnership with allies abroad.
About ReElement Technologies Corporation
ReElement Technologies Corporation is a leading provider of high-performance refining capacity for rare earth and critical battery elements. Its multi-mineral, multi-feedstock platform technology focuses on the refining of recycled material from rare earth permanent magnets and lithium-ion batteries, concentrated ores and brines, as well as coal-based waste streams and byproducts to create a cost effective and environmentally-safe, circular supply chain. ReElement has developed its innovative and scalable "Powered by ReElement" process which collaboratively utilizes its exclusively licensed intellectual property within its partners' material processing flow sheets to more efficiently support the global supply chain's growing demand for magnet and battery-grade products. For more information visit reelementtech.com or connect with the Company on Facebook, Twitter, and LinkedIn.
About American Resources Corporation (NASDAQ:AREC)
American Resources Corporation is a leader in the critical mineral supply chain, developing innovative solutions both upstream and downstream of the refining process. The company and its affiliates focus on the extraction and processing of metallurgical carbon and iron ore, essential ingredients in steelmaking, as well as critical and rare earth minerals for the electrification market and recycled metals.
Leveraging its affiliation and former parent status of ReElement Technologies Corporation, a leading provider of high-performance refining capacity for rare earth and critical battery elements, American Resources is investing in and developing efficient upstream and downstream critical mineral operations. These operations include mining interests in conventional and unconventional sources, recycling, and manufacturing.
American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.
Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
Investor Contact:
JTC Team, LLC
Jenene Thomas
(908) 824 - 0775
[email protected]
Media Inquiries:
Marjorie Weisskohl
703-587-1532
[email protected]
Company Contact:
Mark LaVerghetta
317-855-9926 ext. 0
[email protected]
SOURCE: American Resources Corporation
View the original press release on ACCESS Newswire
F.Schneider--AMWN