American Resources Corporation’s subsidiary, ReElement Technologies, has secured a $200 million strategic equity facility from Transition Equity Partners (TEP). This investment is poised to accelerate the development of U.S. and allied critical mineral refining capacity, with an initial focus on the Marion, Indiana facility. The funding will support the commercial deployment of ReElement’s proprietary, multi-mineral refining platform, which is designed to process light rare earths, heavy rare earths, and other critical defense elements.
The Marion facility will initially scale to a capacity of over 10,000 metric tons per annum (MTPA) of refined critical minerals, sourced from recycled feedstocks and mined mixed rare earth concentrates. The facility’s modular and scalable refining architecture, coupled with proprietary chromatographic separation processes, positions it to meet near-term domestic demand and expand strategically across the United States and select international markets.
ReElement’s strategic partnerships further underscore its commitment to strengthening U.S. supply chains. The company has recently partnered with the U.S. Department of War and Vulcan Elements to support a fully vertically integrated, domestic rare earth magnet supply chain. Additionally, ReElement is collaborating with POSCO International Corporation to reinforce U.S.-based critical minerals and magnet production capabilities.
Mark Jensen, CEO of ReElement Technologies, emphasized the alignment between ReElement and TEP, stating, “We are excited to partner with Transition Equity Partners. Throughout this process, it became clear that we are closely aligned culturally and mission-wise – an alignment we believe is essential to addressing supply-chain challenges quickly while building long-term shareholder value.” The $200 million commitment will enable ReElement to expand its manufacturing base initially in the United States and, over time, globally.
Pat Eilers, Managing Partner and Founder of TEP, highlighted the strategic importance of ReElement’s platform, noting, “ReElement’s uniquely superior processing platform enables the U.S. to leverage numerous domestic and ally feedstocks to bolster a diverse set of critical mineral supply chains that are essential for a strong U.S. economy.” TEP’s global reach and experienced advisory network are supporting ReElement’s international expansion across Africa, the Middle East, and the Commonwealth of Independent States (CIS).
ReElement’s modular approach to refining offers several advantages, including rapid deployment, lower capital and operating costs, and cleaner, solvent-free processing compatible with U.S. environmental standards. This positions ReElement to accelerate supply-chain resilience while supporting long-term industrial competitiveness, national security, and sustainable growth.
The development of ReElement’s refining capacity has significant implications for the mining industry. By focusing on recycled feedstocks and mined mixed rare earth concentrates, ReElement is contributing to a more circular and sustainable supply chain. The company’s ability to process heavy rare earth elements and other critical defense materials that are not currently produced at scale in the United States addresses a critical gap in the domestic supply chain.
Moreover, ReElement’s partnerships with government and industry stakeholders demonstrate a collaborative approach to addressing supply-chain challenges. This model could serve as a blueprint for other companies looking to strengthen domestic supply chains and reduce dependence on foreign sources of critical minerals.
As the mining industry continues to evolve, the development of ReElement’s refining capacity highlights the importance of innovation, collaboration, and strategic investment. By leveraging proprietary technology and forming strategic partnerships, ReElement is positioning itself as a key player in the U.S. critical mineral supply chain. This development could spur further investment and innovation in the sector, ultimately contributing to a more resilient and sustainable mining industry.