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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
About this update from American Resources Corporation
[{"type":"text","content":"Marion Advanced Technology Center positioned to become the largest multi-mineral, multi-feedstock rare earth and critical mineral refinery in the United StatesEXIM'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 IndependenceReElement 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 t...