NEW YORK (September 11, 2025) – Holland & Knight advised Principal Mineral Co. Inc. in connection with its strategic alliance with American Resources Corporation's (NASDAQ: AREC) ReElement Technologies, a provider of refining capacity for rare earth and critical battery elements. The alliance, announced on August 27, will create the world's most flexible and efficient rare earth midstream capability, boosting U.S. defense readiness, supply chain resilience and domestic production.
Dallas-based Principal Mineral develops U.S.-based solutions to overcome critical mineral and material shortages by producing strategic metals, high-performance alloys and advanced materials through domestic mineral processing, recycling and manufacturing.
The companies intend to establish a co-located, vertically integrated facility, with ReElement producing high purity separated rare earth products from both recycled and mined sources and Principal Mineral producing rare earth fluorides and metal, with an emphasis on supplying the U.S. defense sector and broader industrial markets.
Holland & Knight Partners Aaron Goldberg and Nicholas Brunero led the Firm's representation of Principal Mineral. Holland & Knight's Nick Leibham serves as the relationship partner leading the representation of Principal Mineral.
More information on the transaction can be found here.
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