The Department of War Is Making An Investment In ReElement Technologies

ReElement Technologies has just landed a fresh infusion of capital. And the Department of War is behind it.

What’s happening:

• The United States Department of War has awarded $25M USD in funding to ReElement Technologies to expand their Marion, Indiana critical minerals refining facility
  

Why it matters:

• ReElement Technologies’ critical minerals refining facility is capable of processing both recycled magnets and mined concentrates into ultra-high-purity light and heavy rare earth oxides through leveraging a modular, low waste chromatographic separation platform
  

Going deeper:

• ReElement Technologies has publicly stated they will use the new growth capital from the United States Department of War to buy and install refining equipment at their Marion, Indiana facility to expand their production capacity for magnet recycling and critical mineral feedstocks
  
• The United States Department of War will structure the $25M USD funding to ReElement Technologies as an investment through the Industrial Base Fund
  
• American Resources (NASDAQ: AREC) owns a minority equity stake in ReElement Technologies
  

The intrigue:

• The United States Army just recently made major waves when they conditionally selected REalloys (NASDAQ: ALOY) to build a rare earth separation facility directly on-site at the Tooele Army Depot located in Utah