Latest news with #Novare
Yahoo
03-06-2025
- Business
- Yahoo
Novare Holdings invests in ReElement to expand rare earth refining in Indiana
American Resources, through its subsidiary ReElement Technologies, has secured an anchor investment from South African investment firm Novare Holdings. This strategic funding is set to catalyse a significant expansion of rare earth element refining operations in Marion, Indiana, US. The investment from Novare will unlock approximately $150m in financing, combining equity and debt, to enhance ReElement's refining capabilities at its 42-acre site. This site, formerly the RCA-Thomson television factory, is being transformed into an advanced manufacturing hub. ReElement Technologies CEO and chairman Mark Jensen said: 'This is a historic moment. With Novare as our anchor investor, we are not just expanding capacity – we are reshaping the global critical minerals supply chain. 'Together, we are proving that African capital can invest in America's best technology, and that same technology can deliver lasting value back to Africa. The former RCA factory in Marion will once again power American industry, and Africa will rise as a full participant in high-value mineral processing.' ReElement's patented chromatographic separation technology, developed in collaboration with Purdue University, enables the production of ultra-pure light and heavy rare earth oxides. The new capital injection will allow ReElement to boost its output of these high-purity elements, which are crucial for advanced technologies in commercial and defence sectors. Novare's investment not only supports US technological growth but also sets a precedent for international partnerships that enhance economic opportunities between Africa and the US. Furthermore, the partnership between ReElement and Novare extends to deploying the refining technology in Africa, where a significant investment from Novare will establish the continent's first multi-mineral refining facility. This initiative aims to shift from the traditional mining model to one that promotes local industrial development and secure supply chains for manufacturing-grade minerals. ReElement's refining platform, adapted from pharmaceutical purification technology by Purdue, offers a more efficient, scalable and environmentally friendly alternative to traditional solvent extraction methods. The platform's programmability allows for the handling of various feedstocks and minerals, facilitating rapid deployment and minimal environmental impact. Novare Holdings CEO Ola Leepile said: 'Novare is proud to stand behind ReElement as it scales groundbreaking American technology. This investment reflects our belief that African institutional capital has a powerful role to play in global industrial transformation. 'We are backing US innovation at home and abroad – supporting jobs and growth in Indiana and bringing long-overdue value addition and industrial development to the African continent.' Furthermore, American Resources and ReElement Technologies have expanded their antimony refining contract to bolster the supply of ultra-pure antimony products for the US defence and commercial industries. The extended ten-year agreement, with automatic renewals, is expected to generate more than $29m in annual tolling revenues. "Novare Holdings invests in ReElement to expand rare earth refining in Indiana" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
02-06-2025
- Business
- Yahoo
ReElement Technologies Secures Anchor Investment from South African Firm Novare Holdings to Catalyze Rare Earth Element Refining Expansion in America's Heartland
South African Firm Commits to Driving American Industrial Renewal and Africa-U.S. Commercial Diplomacy FISHERS, IN / / June 2, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources"), through its holding in ReElement Technologies Corporation ("ReElement"), a leading U.S. innovator in rare earth element (REE) and critical mineral refining, announced today that Novare Holdings Proprietary Limited ("Novare"), a South African-headquartered institutional investment firm, has committed to be the anchor investor in ReElement's private capital raise. This commitment will help unlock approximately $150 million in combined equity and debt financing to expand ReElement's refining operations at its 42-acre Marion, Indiana supersite - revitalizing the former RCA-Thomson television factory, once a symbol of American industrial strength. ReElement is proud to revive the facility as a hub for advanced manufacturing, signaling the return of high-value industry to the American heartland. ReElement's patented chromatographic separation platform was developed in partnership with and based on pioneering research from Purdue University, one of America's premier research institutions. ReElement has exclusively commercialized this technology and continues to collaborate actively with Purdue to refine and scale its application for critical mineral separation. The company has proven its capability at small commercial scale, delivering ultra-pure light and heavy rare earth oxides to U.S. and allied magnet manufacturers. This new capital enables ReElement to significantly increase output of high-purity elements essential for advanced technologies in both the commercial and defense sectors. The announcement marks a powerful example of how strategic foreign investment can accelerate U.S. innovation, industrial revitalization, and supply chain resilience. Novare's commitment to ReElement's domestic scale-up not only supports the growth of advanced American technology, but also demonstrates a forward-looking model for international partnership - one that bridges economic opportunity between Africa and the United States while reinforcing critical sectors tied to national and global security. The investment also deepens ReElement and Novare's ongoing partnership to deploy the same U.S. refining technology to Africa, announced this past February, where Novare's large capital commitment will fund the continent's first multimineral refining facility. By co-locating value-added processing and refining in Africa, this collaboration reverses the "extract-to-export" mining model, enabling local beneficiation, industrial development, high-skill job growth, and secure offtake of manufacturing-grade minerals by U.S. and allied supply chains. Mark Jensen, CEO and Chairman of ReElement Technologies, stated: "This is a historic moment. With Novare as our anchor investor, we are not just expanding capacity - we're reshaping the global critical minerals supply chain. Together, we're proving that African capital can invest in America's best technology, and that same technology can deliver lasting value back to Africa. The former RCA factory in Marion will once again power American industry, and Africa will rise as a full participant in high-value mineral processing." Ola Leepile, CEO of Novare Holdings, added: "Novare is proud to stand behind ReElement as it scales groundbreaking American technology. This investment reflects our belief that African institutional capital has a powerful role to play in global industrial transformation. We are backing U.S. innovation at home and abroad - supporting jobs and growth in Indiana and bringing long-overdue value addition and industrial development to the African continent." ReElement's refining platform - originally developed by Purdue for pharmaceutical purification - has been reengineered to separate rare earths and critical minerals with exceptional efficiency, scalability, and purity. Their patented, programmable platform handles multiple feedstocks and minerals, enabling rapid modular deployment across locations and resource types. Unlike legacy solvent extraction methods, it uses far fewer chemicals, requires less space, and generates minimal waste - making it faster to permit and simpler to co-locate near feedstock or end-use customers. This breakthrough eliminates a major chokepoint in global critical mineral supply chains, which has been dominated by single-source processing, no longer tenable as the U.S. must forge critical mineral supply chain independence, both through processing in the US and in partnership with allies abroad. With this capital infusion, ReElement moves decisively forward on its roadmap to become the world's leading independent processor of rare earth and critical minerals. Learn more about ReElement Technologies' process and technology here - Video. About ReElement Technologies Corporation ReElement Technologies Corporation is a leading provider of high-performance refining capacity for rare earth and critical battery elements. Its multi-mineral, multi-feedstock platform technology focuses on the refining of recycled material from rare earth permanent magnets and lithium-ion batteries, concentrated ores and brines, as well as coal-based waste streams and byproducts to create a cost effective and environmentally-safe, circular supply chain. ReElement has developed its innovative and scalable "Powered by ReElement" process which collaboratively utilizes its exclusively licensed intellectual property within its partners' material processing flow sheets to more efficiently support the global supply chain's growing demand for magnet and battery-grade products. For more information visit or connect with the Company on Facebook, Twitter, and LinkedIn. About Novare Novare is multi-disciplinary investment holding company headquartered in South Africa. The company is a leading provider of investment solutions to predominantly institutional clients on the African continent. The group's investment solutions which are provided through fully owned subsidiaries encompasses Real Estate Funds, Impact Investing Funds, Multi Managed Funds and Implemented Investment Consulting across a range of asset classes. The group has physical operations in five African countries namely South Africa, Nigeria, Mozambique, Mauritus and Zambia. For more information visit or connect with the Company on LinkedIn. About American Resources Corporation American Resources Corporation is a leader in the critical mineral supply chain, developing innovative solutions both upstream and downstream of the refining process. The company and its affiliates focus on the extraction and processing of metallurgical carbon and iron ore, essential ingredients in steelmaking, as well as critical and rare earth minerals for the electrification market and recycled metals. Leveraging its affiliation and former parent status of ReElement Technologies Corporation, a leading provider of high-performance refining capacity for rare earth and critical battery elements, American Resources is investing in and developing efficient upstream and downstream critical mineral operations. These operations include mining interests in conventional and unconventional sources, recycling, and manufacturing. American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit or connect with the Company on Facebook, Twitter, and LinkedIn. Special Note Regarding Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved. Investor Contact: JTC Team, LLCJenene Thomas(908) 824 - 0775arec@ Media Inquiries: Marjorie Weisskohl703-587-1532mweisskohl@ Company Contact: Mark LaVerghetta317-855-9926 ext. 0investor@ SOURCE: American Resources Corporation View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
08-05-2025
- Entertainment
- New York Post
Heavenly NYC church Jude Law once called home asks $2.9M
This Greenwich Village gem is truly divine — and it has just received some divine intervention. A two-bedroom, two-bathroom aerie inside the historic Peace Church is on the market for $2.95 million — down from its $3.29 million ask in March. The heavenly building, known as the Novare, is at 135 W. 4th St. It has also been home to actors, musicians and models including Jude Law, Steven Van Zandt and Noémie Lenoir. 8 Actor Jude Law. Getty Images At 2,033 square feet, this third-floor unit even features original stained-glass doors and windows. It first hit the market for $3.49 million in 2020. (The sellers, Sabrina and former Goldman Sachs managing director Ramsey Smith, bought the residence for $3.2 million in 2014.) Built in 1860, the former Methodist church stands on the corner of Washington Square Park. It was dubbed the Peace Church because of its support for Vietnam War protesters — and it also supported the Black Panthers and GMHC, formerly known as the Gay Men's Health Crisis. When Law lived in the penthouse during a stint on Broadway's 'Hamlet' in 2009, he worked out with his trainer on the terrace, much to the delight of his neighbors in an NYU freshman dorm. But the teenage fun turned when Law threw oranges at them. 8 Actor Steven Van Zandt. Getty Images 8 The sunlit colors inside the home are divine. Rich Caplan 8 A view of the layout. Richard Caplan 8 The open eat-in chef's kitchen inside the condo. Rich Caplan 8 Model and actress Noémie Lenoir. WireImage These days, the building is more subdued. An elevator landing opens directly into a large living area overlooking an original stained-glass centerpiece. The spacious loft boasts two separate entertaining spaces connected by a 6-foot-wide, 41-foot-long central gallery with a wall of stained-glass windows that is an ideal spot to showcase art. 8 The stained glass touches are a handsome reminder of the building's past. Rich Caplan There's also a windowed skylight, and an open chef's kitchen. 'The building only has eight homes, and no two are alike. But even among the others, this one really stands out. For instance, the stained glass that begins on the second floor appears from the floor to the ceiling on the third level,' said Serhant's Krista Nickols, who shares the listing with Serhant's Peyton Yen and Jake Dunsmore. 'This home is ideal for someone who wants something that no one else has, and appreciates its character, originality and craftsmanship,' Nickols said. 8 Another view of the kitchen. Rich Caplan The main bedroom features a charming bay window, a separate dressing room with a walk-in closet and an ensuite spa-like bathroom, which also boasts stained-glass details. 'We have so many happy memories of raising our family there — playing in Washington Square Park and being right in the heart of Greenwich Village,' Sabrina Smith told Gimme Shelter. 'It was such a unique experience. Even though we've moved out of New York, the building will always have a special place in our hearts,' Smith said. The church converted to eight condos in 2006.
Zawya
31-03-2025
- Business
- Zawya
African Rare Earth Projects Advance Amid Rising Global Demand
The global demand for rare earth elements ( is projected to increase four-fold by 2030, driven by the energy transition and increasing investments in industrialization. African nations rich in rare earth minerals are accelerating exploration and production efforts to capitalize on this growth. With up to eight rare earth projects set for commissioning across the continent by 2029 - boosting Africa's share of the global supply chain to 10% - the upcoming African Mining Week will spotlight opportunities across the rare earth value chain. Africa's rare earth sector remains largely untapped, thereby attracting the interest of global project developers eager to unlock its full potential. South African asset manager Novare, for example, signed a R1.8 billion agreement ( in February 2025 with American firm ReElement Technologies to develop a rare earth refining and battery manufacturing facility. ReElement will contribute its refining technology while Novare will provide funding for the value addition initiative, with construction expected to begin in the second half of 2025. In Namibia, the Japan Organization for Metals and Energy Security and Namibia Critical Metals ( completed a production pilot for the Lofdal Project, one of only two xenotime-type heavy rare earth deposits currently under development worldwide. Meanwhile, in Angola, Pensana ( secured an $80 million loan from Absa Bank Limited in January 2025 to expedite the rollout of the Longonjo Project, which is expected to supply 5% of the world's magnet metal rare earths demand – essential for the development of wind turbines and electric vehicles. Major investors are also making bold moves in Africa's rare earth sector. Billionaires Jeff Bezos and Bill Gates ( have injected $537 million into exploration and mine development through mining startup KoBold Metals, further accelerating Africa's rare earth ambitions. The funding will be directed toward rare earth mining ventures. Additionally, recognizing the strategic value of rare earths, multinational financial institution the African Development Bank proposed the development of the African Units of Account (AUA) ( - a new currency backed by Africa's critical mineral reserves, including rare earth elements. The initiative would help stabilize regional currency markets and attract more international investment in green energy projects, amidst the growing demand of critical minerals globally and Africa's vast reserves. The year 2025 continues to mark significant milestones in the growth of Africa's rare earth sector, with the advancement of key projects ( such as Phalaborwa and Steenkampskraal (South Africa), Makuutu (Angola), Ngualla (Tanzania) and Songwe (Malawi). Amid these developments, African Mining Week serves as a strategic platform for African regulators, industry stakeholders and global investors to engage in deal signings and forge partnerships, further solidifying Africa's role in the global rare earth supply chain. Distributed by APO Group on behalf of Energy Capital&Power. African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@
Yahoo
05-02-2025
- Business
- Yahoo
ReElement Technologies and Novare Announce Partnership to Build Critical Minerals Refining Facility in Africa
The partnership will establish Africa's first fully integrated critical mineral refining platform employing local talent ReElement's innovative critical mineral refining platform is scalable, cost competitive and environmentally safe, catalyzing the region's manufacturing economy FISHERS, IN / / February 5, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), along with its holding in ReElement Technologies Corporation ("ReElement"), a leading provider of high-performance refining capacity of rare earth and critical battery elements, has announced a partnership with Novare Holdings Proprietary Limited ("Novare"), a South African headquartered multi-disciplinary investment holding company with operations across the African continent. Together, they plan to develop integrated refining facilities across Africa through an investment of USD $100 million. This milestone agreement advances their partnership and represents a pivotal step toward establishing Africa's inaugural critical and rare earth element refining facility, focused on producing high-purity elements essential for advanced technologies in both the commercial and defense sectors. The agreement outlines the mutual commitment of both parties to develop a facility utilizing ReElement's proprietary refining platform to produce high-purity lithium carbonate, rare earth oxides, and other critical minerals. The facility will be supplied with locally and regionally sourced raw materials to support the growing demand in the battery and defense industries within both Africa and North America. ReElement Technologies aims to begin development of the refining facility by the second half of 2025. Under the agreement, ReElement Technologies Africa will contribute its advanced chromatographic separation and purification platform technology along with project management expertise, while Novare will provide the necessary capital investment along with operational management. ReElement has successfully developed its versatile multi-mineral, multi-feedstock critical mineral technology, offering a high-performance, scalable, and cost-effective solution for separating, purifying, and refining rare earth and critical elements through an environmentally sustainable process. This collaboration will provide the initial funding to launch the project under an established Africa-based operating entity. Ben Kincaid, CEO of ReElement Technologies Africa commented, "This partnership reflects our commitment to innovation in the critical minerals sector. Together with Novare, we are bringing innovative refining technology to the region, enabling nations to enhance and capture the value of their natural resources and catalyze industrial economic development on the continent. South Africa-based Novare will lead the way forward, modelling how African nations can and must serve as primary stakeholders in the global supply chain for critical minerals." Ola Leepile, CEO of Novare Group, continued "Novare is excited about this collaboration's potential for securing reliable and quality critical mineral supplies. It aligns seamlessly with our vision of being an impactful investor by establishing Sub-Saharan Africa's first battery and critical minerals manufacturing facility. Through this partnership, we are confident that value addition and resource beneficiation can be achieved locally." ReElement Technologies Africa and Novare look forward to collaborating to leverage opportunities which make a positive impact on the industries they serve. ReElement Technologies is dedicated to deploying its technology platform both domestically and internationally to unlock the bottleneck in the global critical mineral supply chain, addressing both the electrified economy and national security needs. The Company has demonstrated that its patented chromatographic separation and purification technology is a cost effective, scalable, flexible and environmentally safe alternative to the legacy processes, which are both environmentally and socially harmful. As the Company expands and scales production across its own and partner facilities, it will play a key role in reducing U.S. dependence on foreign sources of critical raw materials while also fostering a true circular life-cycle solution. Learn more about ReElement Technologies' process and technology here - Video. About ReElement Technologies CorporationReElement Technologies Corporation is a leading provider of high-performance refining capacity for rare earth and critical battery elements. Its multi-mineral, multi-feedstock platform technology focuses on the refining of recycled material from rare earth permanent magnets and lithium-ion batteries, concentrated ores and brines, as well as coal-based waste streams and byproducts to create a cost effective and environmentally-safe, circular supply chain. ReElement has developed its innovative and scalable "Powered by ReElement" process which collaboratively utilizes its exclusively licensed intellectual property within its partners' material processing flow sheets to more efficiently support the global supply chain's growing demand for magnet and battery-grade products. For more information visit or connect with the Company on Facebook, Twitter, and LinkedIn. About NovareNovare is multi-disciplinary investment holding company headquartered in South Africa. The company is a leading provider of investment solutions to predominantly institutional clients on the African continent. The group's investment solutions which are provided through fully owned subsidiaries encompasses Real Estate Funds, Impact Investing Funds, Multi Managed Funds and Implemented Investment Consulting across a range of asset classes. The group has physical operations in five African countries namely South Africa, Nigeria, Mozambique, Mauritus and Zambia. For more information visit or connect with the Company on LinkedIn. About American Resources CorporationAmerican Resources Corporation is a leader in the critical mineral supply chain, developing innovative solutions both upstream and downstream of the refining process. The company and its affiliates focus on the extraction and processing of metallurgical carbon and iron ore, essential ingredients in steelmaking, as well as critical and rare earth minerals for the electrification market and recycled metals. Leveraging its affiliation and former parent status of ReElement Technologies Corporation, a leading provider of high-performance refining capacity for rare earth and critical battery elements, American Resources is investing in and developing efficient upstream and downstream critical mineral operations. These operations include mining interests in conventional and unconventional sources, recycling, and manufacturing. American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit or connect with the Company on Facebook, Twitter, and LinkedIn. Special Note Regarding Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved. Investor Contact:JTC Team, LLCJenene Thomas(908) 824 - 0775arec@ Media Inquiries:Marjorie Weisskohl703-587-1532mweisskohl@ Company Contact:Mark LaVerghetta317-855-9926 ext. 0investor@ SOURCE: American Resources Corporation View the original press release on ACCESS Newswire Sign in to access your portfolio
