American Resources Corporation - $AREC STOCK NEWS

American Resources 's subsidiary, ReElement Technologies, has been accepted as a member of the Defense Industrial Base Consortium (DIBC). The DIBC aims to enhance national security by diversifying and expanding the defense industrial base. ReElement specializes in refining critical minerals like rare earth elements and battery elements, using a patented chromatography process. This membership will help ReElement showcase its ability to onshore refined defense minerals production, which is important for battery, magnet, and military-grade products. CEO Mark Jensen expressed confidence in their technology and plans to scale their operations aggressively.

American Resources 's subsidiary, ReElement Technologies, has successfully refined lithium from lithium brine feedstocks, expanding its Powered by ReElement service offering. This service now integrates into direct lithium extraction (DLE) flow sheets, enhancing purification and reducing chemical usage and capital expenditure. ReElement's patented process optimizes the separation and purification of critical minerals, supporting the refining of battery-grade lithium and other rare elements.

Collaborating with DLE technology providers, ReElement aims to simplify and lower the cost of lithium extraction, improving scalability and efficiency in the global lithium market. The technology is effective on various lithium sources, including naturally occurring lithium and end-of-life battery waste. The company also showcased its achievements at the Direct Lithium Extraction Argentina 2024 conference on May 13-14, 2024.

American Resources (NASDAQ:AREC) announced the adjustment of the record date for its special dividend of Novusterra Inc. to May 27, 2024, and the distribution date to June 11, 2024. This change is due to regulatory and statutory requirements with the NASDAQ Capital Markets and the transition to a new public accounting firm. American Resources focuses on supplying rare earth elements, carbon, and advanced materials for infrastructure and electrification markets. The company operates primarily in the Central Appalachian region, offering metallurgical carbon and rare earth minerals. CEO Mark Jensen mentioned efforts to finalize dates for a similar distribution for ReElement Technologies

American Resources 's subsidiary, ReElement Technologies, partners with LVC Global to revolutionize metal refining in Africa. ReElement's innovative technology and LVC Global's market expertise aim to redefine critical mineral refining practices in Emerging Markets. The partnership focuses on sustainability, efficiency, and local resource utilization in the recycling industry.

American Resources has engaged GBQ Partners as its new independent registered public accounting firm. GBQ is a top 100 tax, accounting, and consulting firm with over 70 years of experience. This move aims to support the growth of American Resources' infrastructure assets and operations. The company is focused on providing high-quality raw materials for the new infrastructure market, including metallurgical carbon and rare earth minerals.

American Resources 's ReElement Technologies, a subsidiary of American Resources (NASDAQ:AREC), will be attending key conferences in May to showcase high-performance refining capacity of rare earth and critical battery elements, addressing industry challenges and promoting sustainable lithium production.

American Resources 's subsidiary, ReElement Technologies, receives a certificate of occupancy for its Marion, Indiana supersite, aiming to reduce China's stronghold on rare earth elements and lithium production. The site plans to produce 5,000 metric tons of lithium carbonate and 1,000 metric tons of rare earth oxides, generating $142 million in revenue potential. The project aims to reshore domestic manufacturing, create jobs, enhance national security, and establish the largest producer of these elements in the U.S.

American Resources 's subsidiary, ReElement Technologies, launches 'Powered by ReElement' service offering for separation and purification of critical elements. The collaborative platform aims to optimize existing processes, reduce costs, and enhance efficiency in refining rare earth and battery elements. The new product offering provides flexible solutions for partners to improve their refining processes and achieve high-purity materials. CEO Mark Jensen highlights the goal of establishing a global supply chain and overcoming challenges in traditional extraction processes.

American Resources 's subsidiary, ReElement Technologies, has expanded its exclusive rights for rare earth element purification technology to include all feedstocks, including rare earth ores. This expansion allows ReElement to produce ultra-pure rare earth oxides and critical battery elements in a cost-effective and environmentally friendly manner. The technology, developed at Purdue University, aims to reduce the reliance on China for rare earth elements, promoting global independence in refining supply chains.