American Resources’ ReElement receives $150M LOI from EXIM Bank

American Resources (AREC) through its holding in ReElement Technologies, has received support for the proposed capital funding plan by ReElement Technologies Corporation for the Marion Advanced Technology through a Letter of Interest from the Export-Import Bank of the United States 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 Technologies’ rare earth element 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 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.