ReElement Technologies Secures $150 Million EXIM Bank Support for Largest U.S. Critical Mineral Refinery

Reuters

06-09

ReElement Technologies Secures $150 Million EXIM Bank Support for Largest U.S. Critical Mineral Refinery

ReElement Technologies Corporation, a subsidiary of American Resources Corporation, has announced a significant financial boost with a $150 million Letter of Interest from the Export-Import Bank of the United States. This funding is set to advance ReElement's Marion Advanced Technology Center, poised to become the largest multi-mineral, multi-feedstock rare earth and critical mineral refinery in the U.S. This support aligns with federal initiatives to boost American mineral production amid global competition, particularly from China. ReElement's innovative use of continuous chromatography for rare earth separation enhances the safety and environmental friendliness of the refining process. CEO Mark Jensen emphasized the strategic importance of scaling production to bolster both commercial and defense sectors, asserting ReElement's unique capability to produce critical materials at competitive costs. The company aims to strengthen domestic and international supply chain resilience and diversify sources of critical and rare earth elements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Resources Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1036749) on June 09, 2025, and is solely responsible for the information contained therein.

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