American Resources provides update on Phase 1 buildout of Indiana campus

American Resources (AREC), through its affiliated minority holding in ReElement Technologies Corporation, provided an update on the Phase 1 buildout of its Marion, Indiana, refining campus. With global refining capacity highly concentrated outside the United States, ReElement’s expansion is positioned to address a significant structural gap in the critical mineral supply chain. Phase 1 has been expanded to include four production lines capable of processing both recycled and primary feedstocks, representing more than 16,000 metric tons of annual separated and purified oxide capacity. The project remains on schedule and substantially under budget, with initial production expected in the third quarter of 2026 and full Phase 1 commissioning throughout the balance of the year.