- ReElement Technologies (NASDAQ:AREC) and Impossible Metals announce a collaboration to develop the first U.S. deep sea nodule refinement program.
- The partnership aims to create a sustainable domestic supply chain for critical minerals, aligning with federal initiatives to decrease reliance on Chinese resources.
- ReElement will refine minerals collected by Impossible Metals' Eureka III platform, targeting resources such as copper, cobalt, and rare earth elements.
ReElement Technologies Corporation, part of American Resources Corporation (AREC, Financial), has entered into a Memorandum of Understanding (MOU) with Impossible Metals to pioneer the United States' first deep sea nodule refinement program. This strategic partnership is designed to build a sustainable and independent supply chain for critical minerals, enhancing national security and reducing dependence on China for these essential resources.
The collaboration leverages Impossible Metals' proprietary nodule collection technology, specifically their Eureka III autonomous underwater collection platform, alongside ReElement’s advanced refining capabilities. The focus will be on processing vital elements such as copper, cobalt, nickel, manganese, and rare earth elements. This joint effort intends to establish a complete supply chain from seabed mining near American Samoa to refining operations in Indiana, offering a homegrown solution to the increasing demand for critical minerals in defense, electric vehicles, and renewable energy sectors.
This initiative aligns with the April 2025 Executive Order issued by President Trump on offshore critical minerals, seeking to expand domestic exploration and processing capabilities. Eureka III's planned deployment in 2026 is a significant milestone in deep sea mining technology, as it aims to collect polymetallic nodules with minimal environmental impact. Experts anticipate that the eco-friendly approach and innovative technology will navigate regulatory challenges that have historically impeded developments in this field.
Mark Jensen, CEO of ReElement, emphasized the importance of this mission, stating, "We're excited to bring ReElement's advanced refining capabilities to this significant project and serve as the toll processor for materials essential to America's energy and defense security." Oliver Gunasekara, CEO of Impossible Metals, reiterated their shared vision for a scalable 100% U.S.-based supply chain critical for advanced industrial and defense purposes.
