ReElement Technologies Announces $25 Million Department of War Investment to Expand U.S. Critical Mineral Refining Capacity

Rhea-AI Summary

American Resources (NASDAQ: AREC), through its minority holding in ReElement Technologies, reported that the U.S. Department of War’s Economic Defense Unit and the Office of the Under Secretary of War for Acquisition and Sustainment awarded ReElement a $25 million Industrial Base Fund investment to expand domestic refining capacity at its Marion, Indiana Refining Campus.

According to ReElement, the capital will fund additional refining equipment, production line installation and working capital to accelerate commercial output of high‑purity rare earth oxides and other defense‑critical minerals, processing both primary and recycled feedstocks. The Marion site is being developed with a modular, demand‑aligned architecture to support multiple rare earth and critical mineral products for defense, aerospace, semiconductors and other strategic industries. The award follows earlier 2026 investments from Transition Equity Partners and Mitsubishi Materials and builds on ReElement’s Noblesville, Indiana Commercial Qualification Facility, which has already demonstrated more than a dozen refined rare earth and critical mineral products.

Positive

• $25 million Industrial Base Fund investment into ReElement’s Marion, Indiana campus
• Funding directed to new refining equipment, production line installation and working capital
• Expanded capacity to process primary and recycled feedstocks into high‑purity rare earth oxides
• Technology platform designed to achieve approximately 99.5%–99.999% purity levels
• Government backing complements 2026 investments by Transition Equity Partners and Mitsubishi Materials

Negative

• None.

News Explained

The award expands ReElement’s funding, but AREC’s direct cash and ownership effects remain unspecified.

The July 14, 2026 release states that the Department of War awarded ReElement a $25 million investment, placing the transaction at the award stage with the funding directed to ReElement’s Marion expansion rather than directly to American Resources.

The release identifies American Resources as a minority holder of ReElement, but does not specify a direct payment to AREC or an ownership change for AREC’s existing common holders.

Although the award has been made, the release says Marion’s individual production lines are to be commissioned based on customer demand, so the expanded campus remains a future completion milestone.

Market reaction after Industrial Base Fund investment: AREC +3.35% in the Jul 14 session

+3.35%

12 alerts

+3.35% Session close to close

+7.1% Peak in 24 hr 6 min

$192.55M Market Cap

0.5x Rel. Volume

In the Jul 14 session, AREC gained 3.35%, reflecting a moderate positive market reaction. Argus tracked a peak move of +7.1% during that session. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Set against the 2025 10-K, which showed no revenue and a loss from continuing operations of $17.8M, ...

Analysis

Set against the 2025 10-K, which showed no revenue and a loss from continuing operations of $17.8M, this Department of War-backed expansion highlights progress on funding and strategy, but investors still must weigh delayed SEC filings, control weaknesses, and moderate short positioning when tracking execution.

Key Figures

Industrial Base Fund investment: $25 million Product purity lower bound: 99.5% Product purity upper bound: 99.999%

3 metrics

Industrial Base Fund investment $25 million Department of War Industrial Base Fund award for Marion, Indiana refining campus

Product purity lower bound 99.5% Purity level for products from ReElement's chromatographic separation platform

Product purity upper bound 99.999% Highest purity level targeted by ReElement's refining technology

Historical Context

5 past events · Latest: Jul 09 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 09	Government award talks	Positive	-0.6%	Selected by U.S. Department of Energy for award negotiations on critical mineral recovery.
Jul 06	Conference attendance	Neutral	-1.5%	Planned attendance at NAATBatt recycling workshop highlighting battery and mineral recycling role.
Jun 26	Index inclusion	Positive	+11.8%	Set to join Russell 3000 and Russell Microcap indexes to increase investor visibility.
Jun 25	Partnership & award	Positive	-5.6%	ReElement joined Global Trusted Tech Network and received Trusted Tech Leadership Award.
Jun 23	Conference attendance	Neutral	-6.3%	Participation in Fastmarkets lithium and critical materials conference in Las Vegas.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Over recent months, American Resources has often seen negative next-day moves following positive government and partnership news, with index-inclusion news the lone clear positive reaction.

Key Terms

rare earth elements, rare earth oxides, chromatographic separation technology, lithium-ion batteries, +1 more

5 terms

rare earth elements technical

"accelerate commercial production of high-purity rare earth elements and other defense-critical minerals"

Rare earth elements are a set of 17 chemical metals used to make powerful magnets, batteries, catalysts and many tiny components inside electronics, renewable energy equipment and defense systems. They matter to investors because they are essential inputs for fast‑growing industries, and limited or concentrated supply can drive prices, create production bottlenecks or shift competitive advantage — like a factory running short of a specialized ingredient that halts output and affects profits.

rare earth oxides technical

"to produce high-purity rare earth oxides and specialty critical minerals such as yttrium"

Rare earth oxides are compounds formed when rare earth elements combine with oxygen, creating powders or solids used as the raw ingredients for critical components like strong magnets, catalysts, display phosphors and some battery materials. They matter to investors because these materials are essential to many high‑growth industries and their supply is often concentrated and hard to scale, so shortages, production changes or cost swings can quickly affect manufacturers’ profits and stock values.

chromatographic separation technology technical

"using proprietary chromatographic separation technology"

Chromatographic separation technology is a set of laboratory methods that separate a mixture into its individual components by passing it through a medium where different substances move at different speeds, like oil and water flowing through a sponge. Investors care because these tools are central to developing, purifying, and testing drugs, biologics, and chemicals—affecting product quality, manufacturing yield, regulatory compliance, and the cost and speed of bringing products to market.

lithium-ion batteries technical

"including recycled materials from permanent magnets, lithium-ion batteries, and industrial, defense"

Rechargeable lithium-ion batteries are lightweight, high-energy storage cells that use lithium ions moving between electrodes to store and release electricity, like a refillable fuel tank for electronic devices and electric vehicles. Investors care because they power a wide range of products from phones to cars and grid systems, so improvements, costs, supply chain constraints, or safety issues can directly affect manufacturers’ profits, product demand, and capital expenditure plans.

working capital financial

"fund additional refining equipment, production line installation and working capital to accelerate"

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

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$25 Million Industrial Base Fund Investment Expands Domestic Production of Defense-Critical Rare Earth and Strategic Minerals to Strengthen America's Industrial Base

Industrial Base Fund Investment Accelerates Commercial Expansion of ReElement's Marion Advanced Technology Center to Strengthen America's Domestic Critical Mineral Supply Chain

FISHERS, IN / ACCESS Newswire / July 14, 2026 / American Resources Corporation (NASDAQ:AREC) ("American Resources") through its affiliated minority holding in ReElement Technologies Corporation ("ReElement"), a leading U.S.-based innovator in rare earth and critical mineral refining, today announced that the United States Department of War, through its Economic Defense Unit (EDU) in partnership with the Office of the Under Secretary of War for Acquisition and Sustainment (OUSW(A&S)), has awarded the Company a $25 million investment through the Industrial Base Fund, as announced by the Department of War, to expand domestic refining capacity at ReElement's Marion, Indiana Refining Campus.

The investment will fund additional refining equipment, production line installation and working capital to accelerate commercial production of high-purity rare earth elements and other defense-critical minerals. The expanded capacity will process both primary and recycled feedstocks, including end-of-life permanent magnets and other strategic materials, to produce high-purity rare earth oxides and specialty critical minerals such as yttrium, gadolinium, germanium and gallium for advanced communications, aerospace, defense, semiconductors, and other strategic applications.

"This investment reflects the growing importance of secure, domestic refining capacity to America's national security and industrial resilience," said Mark Jensen, Chief Executive Officer of ReElement Technologies. "We are excited to expand our partnership with the Department of War as we work together to strengthen America's critical mineral supply chain. The speed at which the Department has moved to identify this strategic need and execute this investment has been truly impressive. This support accelerates our ability to deliver the high-purity rare earth and critical mineral products needed to strengthen our defense industrial base while reinforcing America's long-term economic and national security."

Unlike conventional refining projects that are typically developed around a single mine, feedstock or commodity, ReElement has developed a refining-first platform designed to process multiple primary and recycled feedstock sources into a broad portfolio of high-purity rare earth elements and critical minerals. The Company's modular, demand-aligned refining architecture enables production capacity to be sequenced alongside customer demand, allowing capital deployment to remain closely aligned with commercial growth while reducing dependence on any single upstream resource or geography.

ReElement's technology platform is designed to economically separate, purify and refine multiple critical materials using proprietary chromatographic separation technology. The platform is capable of producing products at purities ranging from approximately 99.5% to 99.999% and is designed to support multiple supply chains through a common refining infrastructure. This multi-element, multi-feedstock approach provides the flexibility to process a diverse range of primary mineral concentrates, industrial byproducts and recycled materials while supplying customers across defense, aerospace, advanced manufacturing, semiconductors, permanent magnets, battery materials and other strategic industries.

This investment by EDU and OUSW(A&S) join other previous investments in 2026 from Transition Equity Partners, LLC and a strategic investment by Mitsubishi Materials Corporation.

Since commercializing its technology, ReElement has successfully demonstrated the production of more than a dozen rare earth and critical mineral products, including germanium (Ge), yttrium (Y), gadolinium (Gd), dysprosium (Dy), terbium (Tb), samarium (Sm), neodymium (Nd), praseodymium (Pr), lithium (Li) and tungsten (W), among others. The Company's Noblesville, Indiana Commercial Qualification Facility has validated products and refining processes across multiple feedstocks and end markets while supplying initial commercial production into markets experiencing significant global supply constraints.

The Marion Refining Campus represents the next phase of ReElement's commercial expansion and is being developed using a modular approach that enables individual production lines to be commissioned based on customer demand. The facility is expected to support the commercial production of multiple rare earth and critical mineral products while serving as a cornerstone of America's growing domestic refining infrastructure.

The Department of War's investment further reinforces the growing importance of establishing secure, domestic refining capacity as governments and industry work together to build resilient allied supply chains for critical minerals essential to national security and advanced manufacturing.

The Department of War's official announcement regarding the Industrial Base Fund investment is available here: https://www.war.gov/News/Releases/Release/Article/4541423/department-of-war-announces-25-million-investment-with-reelement-technologies-t/

About ReElement Technologies Corporation

ReElement Technologies Corporation, a minority holding of American Resources Corporation (NASDAQ:AREC), is a leading provider of high-performance refining capacity for rare earth elements and critical minerals. Its refining-first, multi-mineral, multi-feedstock platform is designed to process a wide range of inputs - including recycled materials from permanent magnets, lithium-ion batteries, and industrial, defense, and technology waste streams, as well as mined ores, brines, and coal-based byproducts - into high-purity products that support a cost-effective, environmentally responsible, and circular supply chain.

ReElement's innovative and scalable "Powered by ReElement" process leverages its exclusively licensed and internally developed intellectual property, integrating directly into partners' material processing flowsheets to enhance efficiency and adaptability across the global critical mineral supply chain. For more information visit reelementtech.com or connect with the Company on Facebook, X, and LinkedIn.

About American Resources Corporation (NASDAQ:AREC)

American Resources Corporation has established a comprehensive solution platform across the rare earth and critical mineral supply chain, leveraging its affiliation with, and former parent relationship to, ReElement Technologies Corporation - a leading provider of high-performance refining capacity for rare earth and critical battery elements. The Company is advancing efficient upstream and downstream critical mineral operations.

These operations span conventional and unconventional resource sourcing and development, as well as recycling and manufacturing, enabling American Resources to aggregate and process diverse feedstocks while efficiently aligning supply with end-market demand.

American Resources has established a nimble, low-cost business model focused on scalable growth. Its streamlined approach enables the Company to expand its asset portfolio and meet increasing global demand across infrastructure, defense, technology, and electrification markets - while maximizing margins and maintaining cost discipline. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

Company Contact:
Mark LaVerghetta
317-855-9926 ext. 0
investor@americanresourcescorp.com

SOURCE: American Resources Corporation

View the original press release on ACCESS Newswire

FAQ

What did the Department of War announce about ReElement Technologies and American Resources (AREC) on July 14, 2026?

The Department of War awarded ReElement a $25 million Industrial Base Fund investment to expand refining capacity at its Marion, Indiana campus. According to ReElement, American Resources benefits indirectly through its minority holding in the company’s rare earth and critical mineral operations.

How will the $25 million Department of War funding be used by ReElement Technologies (AREC affiliation)?

The $25 million funding will support new refining equipment, production line installation and working capital at ReElement’s Marion campus. According to ReElement, this will accelerate commercial production of high‑purity rare earth oxides and other critical minerals from primary and recycled feedstocks.

Which critical minerals will ReElement’s expanded Marion, Indiana facility focus on after the $25 million award?

ReElement plans to produce high‑purity rare earth oxides and specialty minerals including yttrium, gadolinium, germanium and gallium. According to ReElement, these outputs target advanced communications, aerospace, defense, semiconductor and other strategic applications within allied industrial and national security supply chains.

What refining technology does ReElement use in its AREC‑affiliated critical mineral operations?

ReElement uses proprietary chromatographic separation technology designed to economically separate, purify and refine multiple critical materials. According to ReElement, the platform can produce rare earth and critical mineral products with purities ranging from about 99.5% to 99.999% across diverse primary, byproduct and recycled feedstocks.

How does ReElement’s Marion Refining Campus expansion impact U.S. critical mineral supply security for AREC investors?

The Marion expansion is expected to add modular, demand‑aligned refining capacity for multiple rare earth and critical mineral products. According to ReElement, this supports a more secure, domestic refining base, which aligns with American Resources’ strategic focus via its minority stake in ReElement.

What prior milestones has ReElement achieved at its Noblesville, Indiana facility relevant to AREC shareholders?

ReElement’s Noblesville Commercial Qualification Facility has demonstrated more than a dozen refined products, including Ge, Y, Gd, Dy, Tb, Sm, Nd, Pr, Li and W. According to ReElement, these products validated processes across multiple feedstocks and supplied initial commercial volumes into constrained markets.

Who else invested in ReElement Technologies in 2026 besides the Department of War, and why is this relevant to AREC?

In 2026, Transition Equity Partners and Mitsubishi Materials also invested in ReElement. According to ReElement, these private and strategic investments, alongside the $25 million government award, support scaling its refining platform, which is strategically linked to American Resources through its minority ownership.