ReElement Technologies Partners with Transition Equity Partners to Expand Global Refining Capacity for Critical Minerals and Rare Earths and Strengthen U.S. Supply Chains

$200 Million Strategic Equity Facility Accelerates U.S. and Allied Refining Capacity for Critical Minerals

Marion, Indiana facility anchors scalable platform for heavy rare earths, defense minerals and magnet supply chains

FISHING, IN / ACCESS Newsline / January 5, 2026 / American Resources Corporation (NASDAQ:AREC) (“American Resources”), through its minority interest in ReElement Technologies Corporation (“ReElement” or the “Company”), a leading U.S. innovator in rare earth elements (REE) and critical mineral refining for the commercial and defense industries, today announced the closing of a $200 million strategic equity facility from Transition Equity Partners, LLC (TEP).

This investment will accelerate the commercial deployment of ReElement’s proprietary, multi-mineral refining platform, with an initial focus on building out the Marion, Indiana facility to meet near-term domestic demand. From this foundation, ReElement and TEP plan to strategically develop additional facilities in the United States and select international markets. Utilizing the versatile and modularly scalable refinery architecture and proprietary chromatographic separation processes, the Marion site will focus on the processing of light rare earths, heavy rare earths and other critical defense elements. With TEP’s support, the Marion facility will scale up to an initial capacity of more than 10,000 tonnes per annum (MTPA) for the production of refined critical minerals derived from recycled feedstocks and mined mixed rare earth concentrates, with the opportunity for further scale-up in Marion and several other strategic locations.

ReElement is developing large-scale critical mineral processing and refining capabilities to strengthen the United States’ strategic supply chains. This includes the company’s recently announced partnership with the U.S. Department of War and Vulcan Elements to support a fully vertically integrated supply chain for domestic rare earth magnets. ReElement is also partnering with POSCO International Corporation, a global leader in steel, magnetic materials and advanced industrial solutions, to further strengthen U.S.-based capabilities for the production of critical minerals and magnets.

In addition to magnet supply chains, ReElement’s proprietary chromatographic refining platform is uniquely able to meet the demand for heavy rare earths and other critical defense materials not currently produced at scale in the United States. These include yttrium, gadolinium, germanium, antimony, terbium, dysprosium and other essential minerals that support America’s energy, high technology and defense applications – and which remain subject to severe supply constraints and export controls from China.

Mark Jensen, CEO of ReElement Technologies said: “We are excited to partner with Transition Equity Partners. Throughout this process, it became clear that we are closely aligned culturally and mission-wise – an alignment we believe is essential to quickly address supply chain challenges while building long-term shareholder value. The $200 million commitment will enable ReElement to expand its manufacturing base initially in the United States and, over time, globally critical minerals and rare TEP’s cost-competitive, modular and scalable platform also supports ReElement’s international expansion in Africa, the Middle East and the Commonwealth of Independent States (CIS).

“TEP is committed and equally excited to work with ReElement, Mark Jensen and his leading management team to help strengthen America’s critical energy supply chain and strategic infrastructure,” said Pat Eilers, Managing Partner and Founder of TEP. “ReElement’s unique superior processing platform enables the U.S. to leverage numerous domestic and allied resources to strengthen a diverse set of critical mineral supply chains essential to a strong U.S. economy. This capability is further supported by ReElement’s partnership with the U.S. government, and ability to ensure access to critical minerals needed for energy dominance, AI leadership, strategic defense industries, among numerous other U.S. priorities. We believe ReElement will revolutionize U.S. supply chains for critical minerals by providing reliable, low-cost and environmentally friendly processing capacity in the US.

By leveraging this strategic commitment, ReElement is positioned to play a critical role in securing U.S. and related supply chains by providing high-purity critical minerals at costs competitive with global markets. The company’s refining platform represents a new model for domestic and allied processing – one that can be deployed quickly, occupies a fraction of the footprint of traditional refineries and produces high-purity products with significantly reduced environmental impact.

ReElement’s modular approach enables rapid deployment in the United States and related jurisdictions, co-location with mining or concentration assets, lower capital and operating costs, and cleaner, solvent-free processing that is compliant with U.S. environmental standards. Together, these benefits position ReElement to accelerate supply chain resilience while supporting industrial competitiveness, national security and long-term sustainable growth.

About ReElement Technologies Corporation

ReElement Technologies Corporation, a portfolio company of American Resources Corporation (NASDAQ:AREC), is a leading provider of high-quality refining capacity for rare earth elements and critical battery elements. The multi-mineral, multi-feedstock platform technology focuses on the refining of recycled material from rare earth permanent magnets and lithium-ion batteries, concentrated ores and brines, as well as coal-based waste streams and by-products to create a cost-effective and environmentally safe, circular supply chain. ReElement has developed innovative and scalable “Powered by ReElement” process that jointly leverages its exclusively licensed intellectual property within its partners’ material processing flowsheets to more efficiently support the global supply chain’s growing demand for magnet and battery products. For more information visit reelementtech.com or connect with the company at Facebook, TweetAnd LinkedIn.

About Transition Equity Partners

Founded in 2020, Transition Equity Partners (TEP) is a North American mid-market private equity firm specializing in power generation, energy infrastructure, and clean energy supply chains and services. With offices in Chicago, New York and Abu Dhabi, TEP combines deep sector expertise with a disciplined, thematic investment strategy, working closely with management teams and their differentiated projects to deliver superior risk-adjusted returns and sustainable results.

For more information please visit: www.transitionequity.com