Reelement technologies secures anchor investment from south african firm novare holdings to catalyze rare earth element refining expansion in america's heartland

South african firm commits to driving american industrial renewal and africa-u.s. commercial diplomacy fishers, in / access newswire / june 2, 2025 / american resources corporation (nasdaq:arec) ("american resources"), through its holding in reelement technologies corporation ("reelement"), a leading u.s. innovator in rare earth element (ree) and critical mineral refining, announced today that novare holdings proprietary limited ("novare"), a south african-headquartered institutional investment firm, has committed to be the anchor investor in reelement's private capital raise. this commitment will help unlock approximately $150 million in combined equity and debt financing to expand reelement's refining operations at its 42-acre marion, indiana supersite - revitalizing the former rca-thomson television factory, once a symbol of american industrial strength.
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