American Resources Corporation and ReElement Technologies Expands South African-Based Supply Partnership to Refine Antimony-Bearing Ore for Defense and Commercial Markets
American Resources (NASDAQ:AREC) and its holding ReElement Technologies have expanded their partnership with a South African-based mineral supplier for antimony-bearing ore refining. The company has received high-grade antimony ore with over 50% concentration, which will be refined into high-purity antimony(III) sulfide or antimony(III) oxide for battery, fire retardant, and defense applications.
The partnership targets 1,000 metric tons per month of antimony-bearing ore, with potential for expansion. This strategic move follows China's recent export ban on antimony, germanium, and gallium to the United States. The global antimony(III) oxide market, valued at $852 million in 2023, is projected to grow at a 4.9% CAGR through 2034, reaching $1.43 billion.
American Resources (NASDAQ:AREC) e la sua controllata ReElement Technologies hanno ampliato la loro partnership con un fornitore di minerali sudafricano per la raffinazione del minerale contenente antimonio. L'azienda ha ricevuto minerale di antimonio di alta qualità con oltre il 50% di concentrazione, che sarà raffinato in solfuro di antimonio(III) ad alta purezza o ossido di antimonio(III) per applicazioni nei settori delle batterie, dei ritardanti di fiamma e della difesa.
La partnership mira a 1.000 tonnellate metriche al mese di minerale contenente antimonio, con potenziale di espansione. Questa mossa strategica segue il recente divieto di esportazione della Cina su antimonio, germanio e gallio verso gli Stati Uniti. Il mercato globale dell'ossido di antimonio(III), valutato a $852 milioni nel 2023, è previsto crescere a un CAGR del 4,9% fino al 2034, raggiungendo $1,43 miliardi.
American Resources (NASDAQ:AREC) y su filial ReElement Technologies han ampliado su asociación con un proveedor de minerales de Sudáfrica para la refinación de mineral que contiene antimonio. La empresa ha recibido mineral de antimonio de alta calidad con más del 50% de concentración, que será refinado en sulfuro de antimonio(III) de alta pureza u óxido de antimonio(III) para aplicaciones en baterías, retardantes de fuego y defensa.
La asociación tiene como objetivo 1,000 toneladas métricas por mes de mineral con antimonio, con potencial de expansión. Este movimiento estratégico sigue al reciente embargo de exportación de China sobre antimonio, germanio y galio hacia Estados Unidos. Se proyecta que el mercado global del óxido de antimonio(III), valorado en $852 millones en 2023, crecerá a un CAGR del 4.9% hasta 2034, alcanzando $1.43 mil millones.
American Resources (NASDAQ:AREC)와 그 자회사 ReElement Technologies가 남아프리카에 본사를 둔 광물 공급업체와의 파트너십을 확장하여 안티몬 원석 정제 업무를 진행하고 있습니다. 이 회사는 50% 이상의 농도를 가진 고품질 안티몬 원석을 수령했으며, 이는 배터리, 내화성 물질 및 방위 응용 분야를 위해 고순도의 안티몬(III) 황화물 또는 안티몬(III) 산화물로 정제될 것입니다.
이 파트너십의 목표는 매달 1,000톤의 안티몬 원석을 확보하는 것이며, 확장 가능성도 있습니다. 이 전략적 움직임은 중국이 미국에 대한 안티몬, 게르마늄, 그리고 갈륨 수출을 금지한 이후 이루어졌습니다. 2023년에 8억 5200만 달러로 평가된 세계 안티몬(III) 산화물 시장은 2034년까지 연평균 4.9%의 성장률을 기록하며 14억 3000만 달러에 이를 것으로 예상됩니다.
American Resources (NASDAQ:AREC) et sa filiale ReElement Technologies ont élargi leur partenariat avec un fournisseur de minéraux basé en Afrique du Sud pour le raffinage du minerai contenant de l'antimoine. L'entreprise a reçu du minerai d'antimoine de haute qualité contenant plus de 50 % de concentration, qui sera raffiné en sulfure d'antimoine(III) de haute pureté ou en oxyde d'antimoine(III) pour des applications dans les batteries, les retardants de flamme et la défense.
Le partenariat vise 1 000 tonnes métriques par mois de minerai contenant de l'antimoine, avec un potentiel d'expansion. Ce mouvement stratégique fait suite à l'interdiction récente d'exportation de la Chine sur l'antimoine, le germanium et le gallium vers les États-Unis. Le marché mondial de l'oxyde d'antimoine(III), évalué à 852 millions de dollars en 2023, devrait croître à un TCAC de 4,9 % jusqu'en 2034, atteignant 1,43 milliard de dollars.
American Resources (NASDAQ:AREC) und deren Tochtergesellschaft ReElement Technologies haben ihre Partnerschaft mit einem in Südafrika ansässigen Mineralienlieferanten für die Raffinierung von antimonhaltigem Erz ausgeweitet. Das Unternehmen hat antimonhaltiges Erz mit über 50 % Konzentration erhalten, welches zu hochreinem Antimon(III)-sulfid oder Antimon(III)-oxid für Anwendungen in Batterien, Brandschutzmitteln und Verteidigung umgewandelt wird.
Die Partnerschaft zielt auf 1.000 metrische Tonnen pro Monat antimonhaltiges Erz ab, mit Potenzial zur Erweiterung. Dieser strategische Schritt folgt dem kürzlichen Exportverbot Chinas für Antimon, Germanium und Gallium in die Vereinigten Staaten. Der weltweite Markt für Antimon(III)-oxid, der 2023 mit 852 Millionen US-Dollar bewertet wird, wird voraussichtlich bis 2034 mit einer CAGR von 4,9% wachsen und 1,43 Milliarden US-Dollar erreichen.
- Secured high-grade antimony ore supply (>50% concentration) amid China's export ban
- Initial supply agreement for 1,000 metric tons monthly with expansion potential
- Targeting growing market valued at $852M with 4.9% CAGR through 2034
- Strategic positioning to fill U.S. supply gap following China's export restrictions
- Heavy dependence on single South African supplier for antimony ore
- Refining process still in development phase
- Late entry into antimony market compared to existing priorities
Insights
The expansion of AREC's South African antimony partnership represents a significant strategic opportunity in the critical minerals space. The timing is particularly advantageous, coming shortly after China's export restrictions on antimony, which has created an immediate supply vacuum in Western markets.
Several key factors make this development particularly noteworthy:
- The secured antimony ore has an impressive greater than 50% concentration, indicating high-grade material that should translate to more efficient processing economics
- The initial 1,000 metric tons monthly target represents a meaningful production scale in a market experiencing supply constraints
- The company's existing operational infrastructure for rare earth processing provides cost synergies and faster time-to-market advantages
The market implications are substantial, particularly given antimony's critical applications in defense (munitions), energy (batteries, solar panels) and industrial applications (flame retardants). With the global antimony oxide market projected at a 4.9% CAGR through 2034, AREC is positioning itself as a key Western supplier in a market traditionally dominated by Chinese producers.
However, investors should note several critical factors: 1) The timeline to full production capacity isn't specified, suggesting potential ramp-up periods ahead 2) Processing optimization is still under development, indicating some technical risk 3) The company will need to demonstrate cost-competitive production against established global suppliers.
The strategic value proposition is compelling - AREC is effectively positioning itself as a domestic supplier of a critical material at a time when geopolitical tensions are forcing supply chain reorganization. The company's ability to leverage existing infrastructure and technical expertise for this expansion suggests a capital-efficient approach to market entry.
The Company and ReElement have received antimony ore representing a concentration of greater than
In conjunction with the partnership, ReElement is developing an optimized flow sheet to refine high-purity antimony(III) sulfide or antimony(III) oxide in the United States for commercial and defense applications
FISHERS, IN / ACCESS Newswire / January 31, 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 the expansion of their partnership with a previously announced South African-based mineral supplier for the sourcing and refining / tolling of antimony-bearing ore to produce high-purity antimony(III) sulfide or antimony(III) oxide for applications in the battery industry, fire retardants, munitions and other high value commercial and defense sectors.
Mark Jensen, CEO of American Resources Corporation and ReElement Technologies Corporation commented, "Our approach of catalyzing and synthesizing a robust domestic supply chain through innovative, midstream refining solutions continue yield tremendous results, enabling us to effectively source critical, rare earth and other defense elements that are urgently needed in the United States and allied nations. Today, we are excited to announce our expanded partnership with an exclusive source of antimony-bearing ore feedstock. We have received and assayed the material, confirming it to be of exceptional high grade. Based on our ongoing development work, we anticipate a very cost-effective refining process to produce ultra-pure commercial products. Given our current operational focus and daily production of both light and heavy rare earth elements, along with other critical minerals in ultra-pure commercial forms, we had not initially prioritized antimony production. However, China's recent ban on exports of antimony, germanium and gallium accelerated this opportunity, allowing us to showcase the versatile, scalability and flexibility of our technology on a global scale - filling the supply gap now present in the United States and other allied nations."
Antimony(III) oxide and antimony(III) sulfide are the most commercially significant compounds of antimony and are found in various ore bodies. In 2023, the global antimony(III) oxide market was valued at approximately
On December 3rd, 2024 China announced a ban on exports of the critical minerals gallium, germanium and antimony to the United States, following export restrictions on antimony in September, 2024. These critical minerals have widespread roles in military applications, and the ban further escalated trade tensions just a day after Washington D.C.'s latest crackdown on China's semiconductor sector.
The partnership is initially targeting 1,000 metric tons per month of Antimony bearing ore with the potential to significantly expand such volumes based on market opportunity and offtakes.
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 americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.
About ReElement Technologies Corporation
ReElement Technologies Corporation, a portfolio company of American Resources Corporation (NASDAQ:AREC), 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 reelementtech.com or connect with the Company on Facebook, Twitter, and LinkedIn.
Learn more about ReElement Technologies' process and technology here - Video.
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, LLC
Jenene Thomas
(908) 824 - 0775
arec@jtcir.com
Media Inquiries:
Marjorie Weisskohl
703-587-1532
mweisskohl@allseasonspr.com
Company Contact:
Mark LaVerghetta
317-855-9926 ext. 0
investor@americanresourcescorp.com
SOURCE: American Resources Corporation
View the original press release on ACCESS Newswire
FAQ
What is the monthly antimony ore target for AREC's South African partnership?
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What grade of antimony ore has AREC received from its South African supplier?
How does China's export ban affect AREC's antimony business opportunity?
What are the main applications for AREC's refined antimony products?
