ReElement Technologies Receives $25M US Investment for Rare Earth Refining Expansion
ReElement Technologies, a subsidiary of American Resources Corp (NASDAQ:AREC), has received a $25 million investment from the U.S. Department of War to expand its rare earth refining capacity in Marion, Indiana. The funding will support production line installation and equipment upgrades for high-purity rare earth elements used in defense, aerospace, semiconductors, and advanced communications.
Tickers: $AREC
Topics: expansion investment rare earths