American Resources’ ReElement forms $200 million rare earth magnet JV with POSCO International
American Resources Corporation
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- American Resources, through its minority stake in ReElement Technologies, entered a joint venture with POSCO International to build an integrated rare earth refining and permanent magnet manufacturing operation in the US.
- The project targets a USD 200 million investment to establish an end-to-end supply chain from feedstock sourcing through separation and refining to magnet production, with final site selection underway.
- Phase 1 is slated for 2028 with about 3,000 metric tons per year of separated rare earth oxides, followed by a 2030 expansion to about 6,000 metric tons per year.
- The agreement expands an existing strategic partnership between ReElement and POSCO International, including a long-term offtake arrangement announced in September.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Resources Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202605220600ACCESSWRNAPR_____1169900) on May 22, 2026, and is solely responsible for the information contained therein.
