Pentagon invests $25 million in ReElement after $80 million loan effort ended
The Indiana refiner gets equipment funding for its Marion site three days after Reuters reported it ended pursuit of a larger Pentagon loan.
By Ryan Merket · Published
Primary source: Reuters
Why it matters
The Pentagon is still backing ReElement after a larger loan effort collapsed, showing how far Washington will go to fund unproven but strategic mineral-processing capacity.
ReElement Technologies picked up a $25 million Pentagon commitment on July 13th for a rare earths refining plan that has become a test of how much execution risk Washington will absorb to rebuild mineral supply chains inside the United States.…