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ReElement Technologies Secures $20 Million in Equipment Leasing Facility from Maxus Capital to Scale Rare Earth and Critical Mineral Production
Accessnewswireยท 2025-09-10 13:00
Core Insights - American Resources Corporation has secured a $20 million equipment leasing facility to enhance production capabilities in rare earth oxides and lithium carbonate [1] - The funding will support large-scale production operations at ReElement's facilities in Marion and Noblesville, Indiana [1] - This initiative is part of a broader strategy that includes a previously announced Department of Defense contract and existing equity capital [1] Company Summary - American Resources Corporation, through its subsidiary ReElement Technologies, focuses on refining rare earth elements and critical minerals [1] - The company aims to expand its production lines for rare earth materials, battery materials, and critical defense elements [1] Industry Context - The investment in rare earth oxides and lithium carbonate production aligns with increasing demand for these materials in various sectors, including defense and battery manufacturing [1] - The strategic expansion in Indiana positions the company to capitalize on the growing market for critical minerals [1]