Project Traits

State: Kentucky

Congressional District: KY05

Organization Type: Commercial

Partner Organization(s) Type: None or Unknown

Energy Sector: Critical Minerals,

Energy Subsector: Rare Earth Magnets,

Project Start Year: Unknown

Project Launch Year: Unknown

Government Support Received: State Bond [Industrial Revenue Bond] for $150,000,000 Federal Tax Credit [Section 45X Advanced Manufacturing Production Credit] for Unknown Amount Federal Tax Credit [Section 30D New Clean Vehicle Tax Credit] for Unknown Amount

Outcomes & Impacts

Private Investment: $150,000,000

Jobs Announced or Created: 113

People Served: Unknown

Projected Economic Impact: Unknown

ReElement Technologies Corporation (“ReElement”), a leading provider of high-performance refining capacity of rare earth and critical battery elements, announced the expanded initiative at its Kentucky Lithium refinery to enable production of ultra-pure rare earth oxides and other byproducts from coal tailings and other types of mine waste in addition to battery-grade lithium products from spodumene-bearing ores.

ReElement Technologies previously announced the closing of $150 million in financing for its Kentucky-based refinery, initially focused on processing lithium from domestic and international suppliers into battery-grade lithium. Today, the company has expanded its focus, leveraging flow sheet efficiencies and feedstock development to economically process and refine coal mine waste containing high-value rare earth elements critical for defense, advanced technologies and magnet manufacturing.

American Resources Corporation, ReElement's former parent company and current development partner, will utilize its process flow expertise to maximize synergies with ReElement to supply an optimal rare earth concentrated feedstock, initially sourced from its property in Oceana, West Virginia. Previously reported data shows that the Oceana site’s pre-concentration contains over 550 ppm of rare earth elements and high levels of aluminum and silicon suitable for the semiconductor and battery industries. Secondary source: https://www.e-mj.com/news/us-and-canada/reelement-receives-funding-for-kentucky-lithium-refinery/