ReElement Announces $46 Million Federal NMTC Allocation for Indiana Refining Project
American Resources said ReElement’s Marion, Indiana project will use NMTC-supported financing for refining equipment, working capital and workforce development.
American Resources Corporation (NASDAQ:AREC) said its strategic minority holding, ReElement Technologies Corporation, has secured support from an aggregate $46 million in non-dilutive federal New Markets Tax Credit (NMTC) allocation for a refining project in Marion, Indiana.
The associated financing is intended to fund phase-one refining equipment and working capital as ReElement develops domestic capacity for high-purity rare earth and critical-mineral materials.
American Resources said the NMTC-supported structure will be used alongside other capital sources. The company said no additional ReElement equity will be issued in connection with this financing.
The financing structure is intended to provide cost and funding flexibility for long-lived manufacturing infrastructure while supporting ReElement’s modular expansion approach. That approach is designed to align refining investment with secure feedstocks and verified downstream customer demand.
The federal NMTC programme is designed to attract private investment into eligible low-income communities by providing tax credits to investors participating in qualifying transactions. The source said such structures can provide a complementary source of long-term capital for facilities, equipment and workforce development.
ReElement’s first phase at the Marion site is expected to create 189 jobs. Approximately 90% of those positions are expected to be accessible to people with a high school diploma.
A $2.1 million commitment for workforce training and development is also associated with the project. Potential pathways may include apprenticeships, two-year degree programmes and advanced technical certifications.
ReElement Chief Financial Officer Kirk Taylor said the company is pursuing non-dilutive funding while investing in refining capacity and workforce opportunities in Marion. His comments also referred to competitive wages and routes into long-term careers.
ReElement develops and operates refining capacity for rare earth elements and other critical minerals. American Resources said the company processes primary mineral concentrates, recycled materials, industrial byproducts and other unconventional feedstocks.
The platform uses proprietary chromatography-based separation and purification technology. According to American Resources, it is designed to produce specification-grade materials, reduce chemical consumption, minimise environmental impact and allow flexible deployment.
The Marion project is connected to supply chains serving defence, aerospace, semiconductors, permanent magnets, automotive and advanced manufacturing. The company also identified energy and battery technologies among the areas supported by its refining activities.
ReElement’s Marion, Indiana project is supported by an aggregate $46 million in non-dilutive federal NMTC allocation.
The financing is intended to support phase-one refining equipment and working capital without issuing additional ReElement equity in connection with the financing.
The first phase is expected to create 189 jobs, with approximately 90% expected to be accessible to individuals with a high school diploma.
A $2.1 million workforce-training commitment may support apprenticeships, two-year degree programmes and advanced technical certifications.
American Resources Corporation announced that ReElement’s Marion, Indiana project is supported by an aggregate $46 million in non-dilutive federal New Markets Tax Credit (NMTC) allocation. The associated financing is intended to support phase-one refining equipment and working capital as ReElement expands domestic capacity for high-purity materials.
American Resources Corporation announced the NMTC allocation on November 5, 2026. The announcement relates to financing for the first phase of ReElement’s Marion, Indiana refining development.
The NMTC-supported financing will support phase-one investment in refining equipment and working capital at ReElement’s Marion, Indiana project. The company said the financing is part of its approach to capital formation alongside other capital sources.
American Resources Corporation said the financing will not involve issuing additional ReElement equity in connection with the transaction. The company said the structure is intended to improve the cost and flexibility of funding for long-lived manufacturing infrastructure while preserving financial flexibility.
American Resources Corporation said the first phase at Marion is expected to create 189 jobs. The company said approximately 90% of those jobs are expected to be accessible to individuals with a high school diploma.
American Resources Corporation said there is a $2.1 million funding commitment to workforce training and development. The company said potential career pathways may include apprenticeships, two-year degree programmes and advanced technical certifications.
American Resources Corporation said the financing is intended to support domestic refining capacity, job creation and workforce development in Marion. ReElement Chief Financial Officer Kirk Taylor said the company is pursuing capital-efficient, non-dilutive funding while supporting job creation, competitive wages and accessible pathways to long-term careers in Marion.
ReElement Technologies Corporation develops and operates advanced rare earth and critical-mineral refining capacity, according to American Resources Corporation. Its platform separates and purifies high-purity materials from primary mineral concentrates, recycled materials, industrial byproducts and other unconventional feedstocks.
American Resources Corporation said ReElement uses proprietary chromatography-based separation and purification technology. The platform is designed to produce specification-grade materials, reduce chemical consumption, minimise environmental impact and support flexible deployment.
American Resources Corporation said ReElement’s modular approach is designed to align refining investment with secure feedstocks and verified downstream customer demand. The company also said capacity can expand in alignment with customer demand, feedstock availability and evolving strategic priorities.
American Resources Corporation said ReElement’s refined materials support defence, aerospace, semiconductor, permanent-magnet, automotive and advanced-manufacturing supply chains. It also referred to applications involving energy and battery technologies.
American Resources Corporation’s shares trade on NASDAQ under the ticker symbol AREC, written in the source as NASDAQ:AREC.