American Resources' Reelement Receives Support For Proposed Capital Funding Plan For Marion Advanced Technology Through LOI From Export-Import Bank Of The United States For Up To $150M

Marion Advanced Technology Center positioned to become the largest multi-mineral, multi-feedstock rare earth and critical mineral refinery in the United States

EXIM's support of the proposed capital funding plan for the Marion Advanced Technology Center advances the "Make More In America" initiative amid rising competition from China in critical mineral supply chains

FISHERS, IN / ACCESS Newswire / June 9, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources"), through its holding in ReElement Technologies Corporation ("ReElement" or "RTC"), a leading U.S. innovator in rare earth element (REE) and critical mineral refining, announced today that it has received support for the proposed capital funding plan by ReElement Technologies Corporation for the Marion Advanced Technology through a Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) for up to $150 million in financing. This financing will support the expansion of ReElement's state-of the-art rare earth, critical mineral and defense mineral refining project that is set to become the nation's largest multi-mineral, multi-feedstock rare earth and critical mineral refinery. The Marion facility builds on ReElement's successful commercial operations in its Noblesville, Indiana facility supplying highly refined critical mineral products to both the commercial and defense markets.