Reelement technologies corporation and pensana plc join forces to advance one of largest global rare earth oxide supply chain partnerships

Pensana has recently completed its syndicated project funding led by absa bank limited, and is advancing to production of high-quality, high-concentration mrec reelement is commercially producing magnet-, specialty- and defense-grade, separated rare earth oxides in the united states fishers, in / access newswire / june 23, 2025 / american resources corporation (nasdaq:arec) ("american resources" or the "company"), along with its holding in reelement technologies corporation ("reelement"), a leading u.s. innovator in rare earth element (ree) and critical mineral refining, is pleased to announce the signing of a memorandum of understanding (mou) with pensana plc ("pensana"), a company developing the longonjo rare earth project - one of the world's largest and highest-grade rare earth deposits - located in the huambo district of angola. the mou outlines a framework for a long-term partnership that combines pensana's world-class mineral resource with reelement's industry-leading refining platform to create a globally competitive, sustainable, and independent rare earth supply chain.
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