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Indiana, USA · Private
Rare earth refining
Federal support (equity, loans, commitments)
$25M DoW Industrial Base Fund investment
as of Nov 2026 · war.gov
Open roles
—
no public job board
Federal awards
—
none found
Last private raise
—
Form D · 2024-08-06
SEC filings
2
latest 2024-08-06
Coming up
POLICY45X: advanced manufacturing
Wind components end after 2027. Solar and battery components: 75% in 2030, 50% in 2031, 25% in 2032, none from 2033. Critical minerals: 75% in 2031, 50% in 2032, 25% in 2033, none from 2034. Affects Critical Minerals & Materials.
+ THESISPOLICYFederal equity stakes in critical-minerals companies
Defense, Commerce and DOE have taken equity, warrants or loans in MP Materials, Lithium Americas, Vulcan Elements, USA Rare Earth and others; see the Minerals tab for the full list. Affects Critical Minerals & Materials.
+ THESISPROJECTReElement commissions first commercial-scale germanium production column in Marion
The commissioning validated the chromatography-based platform at commercial scale. Four initial production lines are planned for germanium, gallium, light rare earths and heavy rare earths, with Phase I commissioning still underway.
voiceofalexandria.com →+ THESISFUNDINGDepartment of War announces $25M investment in ReElement Technologies
The Economic Defense Unit, financed through the Industrial Base Fund, will fund equipment, installation and working capital for ReElement's Marion, Indiana refining lines. Output targets include rare earth oxides, yttrium, gadolinium, germanium and gallium.
war.gov →+ THESISREGULATORYReElement withdraws from $80M Pentagon conditional loan, per officials
Two administration officials told Reuters the company stopped pursuing the $80M Office of Strategic Capital conditional loan after failing federal due diligence standards. The company said it would rely on private equity, and it was reportedly exploring other federal assistance.
wtaq.com →+ THESISPOLICYForeign-entity (FEOC) supply-chain rules for tax credits
Notice 2026-15 explains how to calculate the material-assistance cost ratio and gives interim safe harbors for 45Y, 48E and 45X. Proposed regulations and safe-harbor tables are still to come. Affects Critical Minerals & Materials.
+ THESISPOLICYSection 232: processed critical minerals
Investigation concluded without tariffs; the President directed negotiations with trading partners and left other tools open. Affects Critical Minerals & Materials.
+ THESISFUNDING · SEC FORM Dprivate raise reported
sec.gov →+ THESISRead from SEC 8-Ks (bankruptcy, default, delisting, restatement, impairment, restructuring), cash runway in annual reports, Form D raises and the 30-day hiring trend. A prompt to look closer, not a credit rating.
No public job board on Greenhouse, Lever or Ashby, so hiring isn't tracked for this company yet.
Companies file a Form D within 15 days of selling shares privately. “Sold” is the amount raised so far in that offering; amended notices (D/A) update earlier ones.
| First sale | Notice | Offered | Sold |
|---|---|---|---|
| — | D · filed 2024-08-06 | open-ended | — |
No federal grants, contracts or loans found on USAspending.gov under this company's US entity name.
Sources: company job boards (daily), SEC EDGAR, USAspending.gov, and the reviewed technology spreadsheets. Public records only cover US entities, so foreign companies and private firms that don't file will show gaps.
Policy that applies
2026-11-05 · Value updated
$25M DoW Industrial Base Fund investmentwas: $80M conditional loan (Defense) + warrants2026-08-07 · project
ReElement commissions first commercial-scale germanium production column in MarionThe commissioning validated the chromatography-based platform at commercial scale. Four initial production lines are planned for germanium, gallium, light rare earths and heavy rare earths, with Phase I commissioning still underway.2026-07-14 · funding
Department of War announces $25M investment in ReElement TechnologiesThe Economic Defense Unit, financed through the Industrial Base Fund, will fund equipment, installation and working capital for ReElement's Marion, Indiana refining lines. Output targets include rare earth oxides, yttrium, gadolinium, germanium and gallium.2026-07-10 · regulatory
ReElement withdraws from $80M Pentagon conditional loan, per officialsTwo administration officials told Reuters the company stopped pursuing the $80M Office of Strategic Capital conditional loan after failing federal due diligence standards. The company said it would rely on private equity, and it was reportedly exploring other federal assistance.