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ReElement Technologies Corporation and Pensana PLC Join Forces to Advance One of Largest Global Rare Earth Oxide Supply Chain Partnerships
Pensana has recently completed its syndicated project funding led by Absa Bank Limited, and is advancing to production of high-quality, high-concentration
About this update from American Resources Corporation
[{"type":"text","content":"Pensana has recently completed its syndicated project funding led by Absa Bank Limited, and is advancing to production of high-quality, high-concentration MRECReElement is commercially producing magnet-, specialty- and defense-grade, separated rare earth oxides in the United States FISHERS, IN / ACCESS Newswire / June 23, 2025 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\" or the \"Company\"), along with its holding in ReElement Technologies Corporation (\"ReElement\"), a leading U.S. innovator in rare earth element (REE) and critical mineral refining, is pleased to announce the signing of a Memorandum of Understanding (MOU) with Pensana PLC (\"Pensana\"), a company developing the Longonjo rare earth project - one of the world's largest and highest-grade rare earth deposits - located in the Huambo district of Angola. The MOU outlines a framework for a long-term partnership that combines Pensana's world-class mineral resource with ReElement's industry-leading refining platform to create a globally competitive, sustainable, and independent rare earth supply chain.Key terms of the MOU include:A shared commitment to developing a collaborative partnership aimed at establishing a sustainable, non-China rare earth supply chain to meet the rising global demand.A proposed offtake of up to 20,000 tonnes per annum of ultra-clean Mixed Rare Earth Carbonate (MREC) from the Longonjo mine over a five-year period, with pricing to be agreed.Strategic cooperation between ReElement and Pensana to strengthen and secure the global rare earth value chain and explore additional joint opportunities.Leverage of the Lobito Corridor in Angola for low-cost, efficient access to global export markets.Integration of ReElement's advanced refining platform, which offers a high-throughput, low-waste, and cost-effective process to produce ultra-pure separated rare earth oxides.Since 2023, ReElement has been refining rare earth materials commercially and for customer validation at its Noblesville, Indiana facility. The company continues to expand capacity, including major development at its large-scale Marion, Indiana supersite, to meet growing demand from U.S. and allied defense and commercial industries.Mark Jensen, CEO and Chairman of ReElement, commented, \"Our partnership and MOU with Pensana represents a major advancement toward build...