ReElement Technologies Forges $1.4 Billion Partnership with U.S. Department of War and Vulcan Elements to Advance Fully Integrated Domestic Rare Earth Magnet Supply Chain

Partnership strengthens ReElement's ongoing collaboration with Vulcan Elements and expands support from U.S. Department of War

U.S. Department of War will receive warrants in ReElement Technologies Corporation

FISHERS, IN / ACCESS Newswire / November 3, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources"), through its holding in ReElement Technologies Corporation ("ReElement") a leading U.S. innovator in rare earth element (REE) and critical mineral refining, today announced a joint partnership of $1.4 billion with the U.S Department of War's Office of Strategic Capital (OSC). The funding supports the expansion of ReElement's partnership with Vulcan Elements ("Vulcan") to scale a 100% vertically integrated, domestic rare earth magnet supply chain.

The OSC commitment includes two separate loans, matched by private capital: $620 million to Vulcan Elements and $80 million to ReElement Technologies. These loans will directly support the production of advanced rare earth element separation, metallization, and magnet manufacturing capabilities in the United States. With the increased manufacturing and processing capabilities enabled by OSC's loans, Vulcan Elements and ReElement will collectively scale to 10,000 metric tonnes of NdFeB magnet production capability, thereby significantly reducing the U.S. NdFeB magnet supply chain gap. In conjunction with the loan commitment, the U.S. Department of War will receive warrants in ReElement Technologies Corporation.

The funding for OSC's loans comes from the One Big Beautiful Bill Act (OBBBA), passed by Congress and signed by President Trump in July 2025. The Act provides up to $100 billion in total OSC lending authority specifically for critical minerals production and related industries and projects.

Mark Jensen, Chairman and CEO of ReElement Technologies stated, "We are honored to have the support of our government and remain fully committed to meeting the call of our nation. ReElement's innovative refining platform is designed to address midstream processing and refining challenges for rare earth and critical minerals. Our ongoing collaboration with Vulcan Elements is driven by a shared vision, mission and culture of execution. With support from the United States Government, we are positioned to deliver the secure, scalable, and sustainable solutions that our nation's supply chain urgently needs."