Washington, D.C. – November 3, 2025 – GreenMet today applauded its partners ReElement Technologies and American Resources Corporation (NASDAQ: AREC) for their groundbreaking $1.4 billion partnership with the U.S. Department of War’s Office of Strategic Capital (OSC) and Vulcan Elements.
This historic agreement marks a major step forward in establishing a fully integrated domestic rare earth magnet supply chain—a cornerstone of U.S. industrial independence and national security. Once operational, the partnership will enable 10,000 metric tonnes of NdFeB magnet production capacity in the United States, strengthening America’s position as a global leader in critical materials essential for defense, clean energy, and advanced manufacturing.
ReElement Technologies is a trailblazer in developing cleaner, more efficient methods to process and refine critical minerals and rare earth elements. By pioneering sustainable refining solutions, ReElement is helping rebuild America’s industrial base and secure the materials that power electric vehicles, renewable energy systems, and next-generation technologies.
“We’re incredibly proud of our partners at ReElement Technologies and American Resources Corporation for this transformative achievement, and grateful for the leadership of this Administration in driving forward such bold action,” said Drew Horn, CEO of GreenMet. “This agreement is more than a financing milestone—it’s a generational investment in America’s future competitiveness, energy security, and technological dominance.”
The Office of Strategic Capital’s $700 million in loans—$620 million to Vulcan Elements and $80 million to ReElement Technologies—will be matched by private capital and supported by strategic warrants to the U.S. government. The funding originates from the One Big Beautiful Bill Act (OBBBA), which provides $100 billion in lending to strengthen domestic critical minerals production and related industries.
GreenMet remains steadfast in its mission to strengthen America’s critical mineral ecosystem and advance secure, sustainable supply chains that underpin national resilience and long-term prosperity.
Contact:
Sabrina Katz
Email: skatz@greenmet.com
Phone: (202) 525-1744
About GreenMet:
GreenMet acts as a vital American conduit between private capital, government, and critical mineral innovation. The firm is uniquely positioned to represent and advance private sector interests that strengthen U.S. supply chains for critical minerals, ensuring reliability and continuity from mine to manufacturing. GreenMet’s insights and guidance help clients navigate the evolving landscape of critical mineral development. Learn more at greenmet.com