ReElement Technologies Provides Update on Significant Expansion of Rare Earth and Critical Mineral Refining Capacity at Marion Supersite

Core Insights - American Resources Corporation, through its holding in ReElement Technologies, is expanding its Marion Phase-1 capacity to 2,500-3,500 metric tons per year for magnet-grade separated rare earths, battery materials, and antimony [1] - The Noblesville facility is scaling up to over 250 metric tons annually of ultra-pure defense elements and will initiate production of separated and purified rare earth oxides [1] - The Marion complex is being developed as ReElement's first large-scale refining hub, complementing the recently expanded Noblesville facility [1] Company Developments - The Marion, Indiana Supersite is part of a strategic initiative to enhance domestic production capabilities in rare earth elements and critical minerals [1] - The expansion efforts are aimed at meeting increasing demand for rare earth materials in various industries, including defense and battery manufacturing [1] Industry Context - The move reflects a broader trend in the industry towards increasing domestic refining capacity for rare earth elements, which are critical for advanced technologies [1] - The focus on ultra-pure defense elements indicates a growing emphasis on national security and self-sufficiency in critical mineral supply chains [1]