Wedoany.com Report-Jun 4, American Resources, through its subsidiary ReElement Technologies, has received a significant investment from Novare Holdings, a South African investment firm, to expand its rare earth element refining operations in Marion, Indiana, USA. The funding, announced on June 4, 2025, will support the transformation of a 42-acre former RCA-Thomson television factory into a modern manufacturing hub.

The new capital injection will allow ReElement to boost its output of high-purity elements, crucial for advanced technologies in commercial and defence sectors.

The investment, totaling approximately $150 million in equity and debt, will enhance ReElement’s ability to produce high-purity rare earth oxides using its patented chromatographic separation technology, developed with Purdue University. This technology supports advanced applications in commercial and defense sectors by providing efficient and environmentally sustainable refining methods compared to traditional solvent extraction processes. The platform’s flexibility allows it to process various feedstocks, ensuring scalability and reduced environmental impact.

Mark Jensen, CEO and chairman of ReElement Technologies, stated: “This is a historic moment. With Novare as our anchor investor, we are not just expanding capacity – we are reshaping the global critical minerals supply chain. Together, we are proving that African capital can invest in America’s best technology, and that same technology can deliver lasting value back to Africa. The former RCA factory in Marion will once again power American industry, and Africa will rise as a full participant in high-value mineral processing.”

The partnership also extends to Africa, where Novare’s investment will fund the continent’s first multi-mineral refining facility. This project aims to foster local industrial growth and establish secure supply chains for high-quality minerals, moving beyond traditional mining practices.

Ola Leepile, CEO of Novare Holdings, said: “Novare is proud to stand behind ReElement as it scales groundbreaking American technology. This investment reflects our belief that African institutional capital has a powerful role to play in global industrial transformation. We are backing US innovation at home and abroad – supporting jobs and growth in Indiana and bringing long-overdue value addition and industrial development to the African continent.”

Additionally, American Resources and ReElement have expanded a long-term antimony refining contract to supply ultra-pure antimony products for US defense and commercial industries. The extended ten-year agreement, with provisions for automatic renewals, is projected to generate over $29 million in annual tolling revenues.

This collaboration highlights a commitment to advancing technology and economic cooperation between the US and Africa, strengthening supply chains, and promoting sustainable industrial development in both regions.