Business
ReElement Technologies Announces Progress on Private Patriotic Capital Financing, Commercial Equipment Expansion, and Strategic Outlook Amid China’s Critical Mineral Export Restrictions
$150 Million Pre-Money Valuation Secured Through U.S.-Focused Private Capital Investment Round for ReElement TechnologiesAdditional Commercial-Scale Equipment
About this update from American Resources Corporation
[{"type":"text","content":"$150 Million Pre-Money Valuation Secured Through U.S.-Focused Private Capital Investment Round for ReElement TechnologiesAdditional Commercial-Scale Equipment Procured for Noblesville, IN and Marion, IN FacilitiesImmediate Export Restrictions on Critical Minerals by China Accelerate Commercial Tailwinds and Growth Opportunities for heavy rare earth and defense minerals FISHERS, IN / ACCESS Newswire / April 14, 2025 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\") through its holding in ReElement Technologies Corporation (\"ReElement\" or the \"Company\"), a leading provider of high-performance refining capacity for rare earth, critical defense and battery elements, today announced the successful closing of additional patriotic capital in its private fundraising round. The funds will support the procurement and commissioning of new commercial-scale equipment. In light of China's recent export restrictions on critical rare earth elements, the Company also reaffirms readiness to supply domestically produced, ultra-pure critical mineral refined products to meet national and international demand.Mark Jensen, CEO of American Resources Corporation and ReElement Technologies Corporation commented, \"The proven capabilities and scalability of ReElement's proprietary, innovative multi-mineral refining platform have accelerated additional capital closings in this fundraising round, as we remain focused exclusively on domestic, patriotic-based funding sources for this round of capital. We've been laser-focused on securing expansion capital from strategic partners who understand the critical importance of building a resilient, U.S.-based supply chain for essential minerals tied to national security. This capital, along with the equipment being procured, will also help reduce the cost of capital associated with our ongoing bond financings for the ReElement Indiana facilities. In addition, we've recently engaged a top-tier investment bank to support our next capital raise, which, depending on valuation, may involve American Resources monetizing a portion of its remaining stake in ReElement. This would allow us to accelerate revenue and profit growth at American Resources without resorting to dilutive capital.\"Key Terms of ReElement Private Capital Raise:Structured as a $20 million Convertible Note, with flexibility to a...