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ReElement Announces $46 Million in Non-Dilutive Federal NMTC Allocation to Support Indiana Critical-Minerals Refining Expansion

AREC
  • American Resources Corporation announced $46 million in non-dilutive federal New Markets Tax Credit (NMTC) allocation for ReElement Technologies' Marion, Indiana project.
  • The financing will support phase-one investment in refining equipment & working capital to expand domestic capacity for high-purity rare earth & critical minerals.
  • The capital-efficient structure allows ReElement to fund infrastructure without issuing additional equity, aligning with its modular expansion strategy.
  • The Marion facility will utilize chromatography-based technology to refine materials for defense, aerospace, semiconductor, automotive & advanced manufacturing supply chains.
  • Phase one is projected to create 189 jobs, with approximately 90% accessible to individuals holding a high school diploma.
  • A $2.1 million commitment to workforce training will support apprenticeships, two-year degree programs & advanced technical certifications.
  • The NMTC program facilitates private investment in low-income communities by providing federal tax credits to investors in qualifying transactions.
  • ReElement operates as a strategic minority holding of American Resources Corporation, focusing on a refining-first platform for diverse feedstocks.
  • American Resources employs an asset-light, modular business model to align feedstock sources with commercial & defense-sector demand.