$25 million is being invested in ReElement Technologies Corp. to improve its mining capabilities for certain critical elements used in U.S. defense systems.
The Defense Department’s Economic Defense Unit (EDU) has partnered with the Office of the Under Secretary of War for Acquisition and Sustainment to invest $25 million in ReElement Technologies Corp. This investment is intended to expand the country’s domestic refining capacity for defense-critical minerals and rare earth elements.
The funding being invested in the company’s Marion, Indiana, facility is for the expansion of production lines through new equipment, installation, and working capital. The focus will be on the processing of end-of-life magnets and other recycled materials to produce materials like yttrium, gadolinium, germanium, and gallium.
“Strengthening our domestic refining capacity for rare earth elements and other critical minerals is a national security imperative,” said Assistant Secretary of War for Industrial Base Policy Michael Cadenazzi. “This investment actively rebuilds a domestic, mine-to-magnet supply chain. This effort guarantees the joint force has reliable access to the critical materials required for advanced defense systems.”
As the Lord Leads, Pray with Us…
- For Assistant Secretary Cadenazzi as he facilitates the partnership between the Pentagon and private businesses.
- For officials in the Economic Defense Unit and the Office of Acquisition and Sustainment as they seek to strengthen the supply of critical minerals for advanced defense systems.
- For Secretary Hegseth and the Joint Chiefs of Staff as they oversee efforts to improve domestic supply chains for national security.
Sources: War.gov
