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.
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