American Resources Corp Secures $25M U.S. Defense Investment for Rare Earth Refining Expansion
American Resources Corp (AREC) has secured a $25 million investment from the U.S. Department of War's Economic Defense Unit to expand rare earth refining operations at ReElement Technologies in Marion, Indiana. The funding will support new equipment and production lines aimed at accelerating commercial output for defense-critical minerals.
Tickers: $AREC
Topics: defense expansion government funding mining rare earths