American Resources Says Its Marion, Indiana Project Is Supported By Aggregate $46M In Non-Dilutive Federal New Markets Tax Credit Allocation

Capital-efficient financing supports domestic refining, 189 projected advanced manufacturing jobs and a $2.1 million workforce-training commitment

FISHERS, IN / ACCESS Newswire / November 5, 2026 / American Resources Corporation (NASDAQ:AREC) ("American Resources") through its strategic minority holding in ReElement Technologies Corporation ("ReElement"), a leading U.S. developer and operator of advanced rare earth and critical-mineral refining capacity, today announced that its Marion, Indiana project is supported by an aggregate $46 million in non-dilutive federal New Markets Tax Credit (NMTC) allocation. The associated financing will support phase-one investment in refining equipment and working capital as ReElement expands domestic capacity to produce high-purity materials for U.S. and allied industrial supply chains.