ReElement Technologies and POSCO International Form Joint Venture to Develop Integrated Rare Earth and Magnet Production in the United States
$200 Million Joint Venture Establishes End-to-End Rare Earth Supply Chain from Feedstock to Magnet Manufacturing Strategic U.S.-South Korea Partnership Advancing a Secure, Resilient, and Diversified Allied Supply Chain for Defense, Energy, and Advanced Technologies JV expands on Existing Strategic Partnership and Long-Term Offtake Agreement Between ReElement and POSCO International FISHERS, IN / ACCESS Newswire / May 22, 2026 / American Resources Corporation (NASDAQ:AREC) ("American Resources") through its affiliated minority holding in ReElement Technologies Corporation ("ReElement"), a leading U.S.-based innovator in rare earth and critical mineral refining, today announced that ReElement has formed a joint venture with POSCO International Corporation ("POSCO International"), a global leader in materials trading and industrial development, to develop integrated rare earth element and permanent magnet production in the United States. A formal signing ceremony took place on May 21, 2026 in Washington, D.C.