The U.S. Department of Defense announced a $25 million investment in ReElement Technologies, a rare earths startup. This investment is part of a broader push by the Trump administration to boost domestic supplies of critical minerals and challenge China’s dominance in the sector.
Local Angle
ReElement Technologies plans to use a novel processing technology to refine rare earths and other critical minerals at its commercial facility in Marion, Indiana. The rare earths will be used in magnets found in various military equipment, including fighter jets, missiles, and submarines.
The $25 million investment will be used to purchase and install equipment at the Marion site, which is expected to recycle magnets and produce rare earths, as well as germanium and gallium, critical minerals used in semiconductors and defense applications.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
