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Financing
✅ Successfully closed our Series A financing round, raising approximately $16 million to support multiple material validation programs, establish long-term strategic partnerships, advance R&D and intellectual property development, and expand our Noblesville Commercialization Facility.
✅ Received an $80 million loan commitment from the U.S. Department of War as part of a $1.4 billion dollar partnership with magnet manufacturer Vulcan Elements to support advanced rare earth separation, metallization, and magnet manufacturing capabilities in the U.S. This is expected to enable production of up to 10,000 metric tons of NdFeB magnet material, directly addressing one of the most significant gaps in the U.S. critical minerals value chain - the mid-stream. The $80 million commitment from DOW follows a $2 million award from the department earlier this year to support U.S. rare earth element chromatographic refining. We are honored to have the support of the U.S. DOW to address vulnerabilities in our defense industrial base.
✅ Received multiple letters of intent from private equity investors to complement the loan commitment from the U.S. Department of War, supporting the continued growth of our multi-mineral, multi-feedstock refining platform. We are highly encouraged by the opportunity to partner with such strong financial sponsors as we execute on our mission.
✅ Receivied multiple partnership investments from Novare Holdings of South Africa to help catalyze ReElement's Indiana facilities' expansion and launch an Africa-based operating facility.
Supply Chain: Upstream/Intake, Downstream/Offtake
✅ Established a long-term commercial partnership with Korea's POSCO International to advance U.S. rare earth refining capabilities. Together, we are establishing a joint feedstock task force to source domestic and international rare earth materials from recycled sources, natural ores, and concentrates, with the objective of developing a fully integrated rare earth and permanent magnet production complex in the United States.
✅ Established a long-term partnership and binding supply agreement with U.S.-based magnet manufacturer Vulcan Elements to supply magnet-grade, high-purity heavy and light rare earth oxides, with support from the U.S. Department of War. This strategic collaboration integrates ReElement’s advanced refining and magnet recycling capabilities with Vulcan Elements’ domestic magnet manufacturing, creating a cost-effective, scalable, and fully U.S.-based rare earth magnet supply chain.
✅ Established intake partnerships, including agreements with e-waste recycler ERI and our affiliate Electrified Materials to preprocess and recycle e-waste and end-of-life materials as well as collaboration with Impossible Metals and the American Samoa Economic Development Council to separate and refine REEs and critical minerals from deep sea nodules.
✅ Signed a collaboration agreement with Pensana PLC to to support development of the Longonjo rare earth project - one of the world's largest and highest-grade rare earth deposits -in Angola, providing for up to 20,000 tons per year over an initial five year period.
✅ Validated commercial-scale production and refinement of antimony from African-sourced stibnite concentrate. ReElement’s innovative refining platform has established proprietary process flow sheets to directly produce antimony trisulfide and antimony trioxide from stibnite ore, prior to any conversion into metallic antimony. This capability enables a more efficient, flexible, and cost-effective pathway across the antimony value chain. These refined antimony compounds are critical inputs for batteries, flame retardants, munitions, electronics, and other high-value commercial and defense applications.
✅ Established a mid-stream partnership with Principal Mineral to integrate separation, fluoride production, and metallization into a unified, end-to-end process under one roof. Initially, development activities will take place in Marion, Indiana, and Camden, South Carolina.
✅ Signed a framework agreement with Uzbekistan to source, process and refine critical minerals, beginning with tungsten, a strategic mineral essential to national security and advanced manufacturing.
✅ We continue to showcase the versatility and performance of our refining platform while building long-term partnerships with a diverse set of end-users of high-purity critical minerals - including yttrium, germanium, gadolinium, gallium, terbium, samarium, dysprosium, and antimony - as well as core magnet elements such as neodymium and praseodymium. We look forward to sharing further updates in the near future.
Facilities, Refining
✅ We continue to make significant progress in expanding our processing and refining capacity while increasing and validating the purity of our refined critical minerals and rare earth products, achieving up to 99.999% purity for select ultra-scarce elements in high demand across defense, commercial, and advanced technology applications. While our near-term priority remains speed to market to address supply chain vulnerabilities and urgent customer needs, we remain equally committed to ongoing innovation and continuous process efficiency improvements.
✅ Completed a 141% expansion of our Noblesville critical mineral refining facility, increasing the footprint to more than 16,500 square feet and enabling near-term refining capacity exceeding 200 metric tons per year of ultra-pure separated defense elements and rare earth oxides with purities ranging from 99.5% to 99.999%.
✅ Advanced the build-out of our Marion, Indiana, Supersite with the ordering and installation of large-scale equipment, targeting initial commissioning in April 2026 and an initial Phase 1 capacity of approximately 3,000–4,000 metric tons per year to support growing customer demand.
Other Recognition
✅ Received the 2025 Trusted Tech Leadership Award from the Krach Institute for Tech Diplomacy at Purdue University.
✅ Recognized as a finalist in the National Science Foundation's Regional Innovation Engines competition. ReElement is a member of the Critical Materials Crossroads consortium, and is scheduled to host the NSF’s final evaluation team in early 2026.
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