Department of War Announces $25 Million Investment with ReElement Technologies to Expand U.S. Critical Minerals Refining Capacity
The Department of War’s Economic Defense Unit (EDU) in partnership with the Office of the Under Secretary of War for Acquisition and Sustainment (OUSW(A&S) today announced a $25 million investment with ReElement Technologies Corp. to expand domestic refining capacity for rare earth elements and other defense-critical minerals at the company’s Marion, Indiana facility. This investment will strengthen the U.S. industrial base by securing domestic access to materials essential for advanced defense systems, aerospace components, and secure communications. "Strengthening our domestic refining capacity for rare earth elements and other critical minerals is a national security imperative," said HON Michael Cadenazzi, Assistant Secretary of War for Industrial Base Policy. "Executed by the Economic Defense Unit (EDU) and financed by the OASW(IBP) Industrial Base Fund, this investment actively rebuilds a domestic, mine-to-magnet supply chain. This effort guarantees the join...