ReElement Lands $20M Equipment Boost to Ramp Up Rare Earth and Lithium Production

You know what’s underrated? Domestic supply chains for critical minerals. ReElement Technologies just proved they’re serious about building one—and they just locked in $20 million in equipment financing from Maxus Capital to make it happen.

Here’s the deal: This isn’t dilutive capital (no shareholder dilution), which means American Resources Corporation (NASDAQ:AREC) and ReElement get to scale without giving away the pie. The money goes straight into heavy equipment for their Marion and Noblesville facilities in Indiana, focusing on rare earth oxide extraction from recycled magnets and lithium carbonate production from battery black mass.

Why this matters? ReElement’s using chromatographic separation technology instead of traditional solvent-based processing. Translation: lower costs, less chemical waste, same purity. It’s the kind of innovation that actually moves the needle on supply chain independence.

The real play: This financing sits nicely between their existing DoD contracts and equity funding. They’re hitting customer demand at Noblesville while ramping production in Marion. That’s revenue acceleration on both fronts. The tech processes everything from recycled batteries and magnets to mine waste—basically turning material most companies throw away into defense-grade and clean energy materials.

ReElement’s positioned at the midstream of critical mineral refining, which is exactly where the bottleneck is. Get production right, and the entire supply chain loosens up. Defense applications, EV batteries, advanced tech—they all depend on this step working smoothly.

With presidential focus on mineral independence and DoD’s 2027 mine-to-magnet timeline, timing looks solid. Non-dilutive capital to scale production in a supply chain everyone’s paying attention to? That’s the kind of move that builds real enterprise value.