POSCO-ReElement $200M JV launches major US REE processing plant

JV for 6,000t capacity (phase 1 3,000t by 2028). ReElement pulls out of Pentagon loan, prefers equity; secures $200M equity and Mitsubishi stake; receives $25M from DoW for Marion facility. 13 hires for Marion commissioning. New: ReElement successfully demonstrates commercial-scale germanium column, validating chromatography scalability beyond pilot. Pentagon $2B deal roundup includes ReElement, confirming continued government backing.