American Resources Corporation Provides Update on Economic Viability of Rare Earth Element Production from Carbon Mine Waste
American Resources (NASDAQ:AREC) has announced that its subsidiary, ReElement Technologies, has demonstrated technical and economic viability in producing rare earth elements from carbon mine waste streams. The company's Wyoming County Coal project shows mixed rare earth oxide concentrations exceeding 500 ppm, with an estimated 128 million tons of waste material available, including 8 million tons at their West Virginia property.
ReElement's proprietary refining process, using Ligand Assisted Displacement (LAD) chromatography, offers a more environmentally friendly and cost-effective alternative to conventional methods. The company plans to process these materials at its Kentucky Lithium facility, addressing the critical mineral supply chain challenges amid increasing trade restrictions with China, which currently refines over 90% of global rare earth elements.
American Resources (NASDAQ:AREC) ha annunciato che la sua controllata, ReElement Technologies, ha dimostrato la fattibilità tecnica ed economica nella produzione di elementi delle terre rare da scarti minerari di carbonio. Il progetto minerario della contea di Wyoming mostra concentrazioni di ossidi di terre rare miste superiori a 500 ppm, con un volume stimato di 128 milioni di tonnellate di materiale di scarto disponibile, inclusi 8 milioni di tonnellate nella loro proprietà in Virginia Occidentale.
Il processo di raffinazione proprietario di ReElement, che utilizza la cromatografia per dislocazione assistita da ligandi (LAD), offre un'alternativa più ecologica e conveniente rispetto ai metodi convenzionali. L'azienda prevede di elaborare questi materiali presso il suo impianto di litio nel Kentucky, affrontando le sfide della catena di approvvigionamento di minerali critici in mezzo a crescenti restrizioni commerciali con la Cina, che attualmente raffina oltre il 90% degli elementi delle terre rare globali.
American Resources (NASDAQ:AREC) ha anunciado que su filial, ReElement Technologies, ha demostrado la viabilidad técnica y económica en la producción de elementos de tierras raras a partir de desechos de minas de carbón. El proyecto de carbón del condado de Wyoming muestra concentraciones de óxido de tierras raras mixtas que superan los 500 ppm, con un estimado de 128 millones de toneladas de material residual disponible, incluidas 8 millones de toneladas en su propiedad de Virginia Occidental.
El proceso de refinación propietario de ReElement, que utiliza la cromatografía de desplazamiento asistida por ligandos (LAD), ofrece una alternativa más ecológica y rentable a los métodos convencionales. La empresa planea procesar estos materiales en su instalación de litio en Kentucky, abordando los desafíos de la cadena de suministro de minerales críticos en medio de las crecientes restricciones comerciales con China, que actualmente refina más del 90% de los elementos de tierras raras a nivel mundial.
American Resources (NASDAQ:AREC)는 그 자회사인 ReElement Technologies가 탄소 광산 폐기물에서 희귀 토양 원소를 생산하는 데 있어 기술적 및 경제적 타당성을 입증했다고 발표했습니다. 와이oming 카운티의 석탄 프로젝트는 500ppm을 초과하는 혼합 희귀 토양 산화물 농도를 보이며, 8백만 톤이 포함된 1억 2800만 톤의 폐기물 자재가 이용 가능합니다.
ReElement의 독점적인 정제 과정은 리간드 보조 변위(LAD) 크로마토그래피를 사용하여 일반적인 방법보다 환경 친화적이고 비용 효율적인 대안을 제공합니다. 이 회사는 켄터키 리튬 시설에서 이러한 자재를 처리할 계획이며, 현재 전 세계 희귀 토양 원소의 90% 이상을 정제하는 중국과의 무역 제한이 증가하면서 중요한 광물 공급망의 도전 과제에 대응하고 있습니다.
American Resources (NASDAQ:AREC) a annoncé que sa filiale, ReElement Technologies, a démontré la viabilité technique et économique de la production d'éléments de terres rares à partir de déchets miniers de carbone. Le projet de charbon du comté de Wyoming présente des concentrations d'oxydes de terres rares mixtes dépassant 500 ppm, avec environ 128 millions de tonnes de matériaux de déchets disponibles, dont 8 millions de tonnes sur leur propriété de Virginie-Occidentale.
Le processus de raffinage exclusif de ReElement, utilisant la chromatographie par déplacement assisté par ligand (LAD), offre une alternative plus respectueuse de l'environnement et plus économique par rapport aux méthodes conventionnelles. L'entreprise prévoit de traiter ces matériaux dans son installation de lithium au Kentucky, abordant les défis de la chaîne d'approvisionnement en minéraux critiques au milieu de l'augmentation des restrictions commerciales avec la Chine, qui raffine actuellement plus de 90 % des éléments de terres rares mondiaux.
American Resources (NASDAQ:AREC) hat bekannt gegeben, dass ihre Tochtergesellschaft ReElement Technologies die technische und wirtschaftliche Machbarkeit bei der Produktion von Seltenen Erden aus Kohlenbergwerksabfällen nachgewiesen hat. Das Kohlenprojekt im Wyoming County zeigt eine Konzentration von gemischten Seltenen Erden von über 500 ppm, mit geschätzten 128 Millionen Tonnen verfügbaren Abfallmaterials, einschließlich 8 Millionen Tonnen auf ihrem Grundstück in West Virginia.
Der proprietäre Raffinationsprozess von ReElement, der die Ligand Assisted Displacement (LAD) Chromatographie verwendet, bietet eine umweltfreundlichere und kostengünstigere Alternative zu herkömmlichen Methoden. Das Unternehmen plant, diese Materialien in seiner Lithium-Anlage in Kentucky zu verarbeiten und die Herausforderungen der Lieferketten von kritischen Mineralien inmitten zunehmender Handelsbeschränkungen mit China, das derzeit über 90 % der globalen Seltenen Erden raffiniert, anzugehen.
- Demonstrated viable rare earth element production from waste streams with 500+ ppm concentration levels
- Access to 128 million tons of extractable waste material, with 8 million tons in West Virginia
- Proprietary LAD technology offers cost-effective and environmentally safer refining process
- Potential new revenue stream from previously considered waste material
- Strategic positioning amid China's export restrictions on critical minerals
- Early stage of development with no specific production timeline provided
- No concrete financial projections or cost estimates shared
- Significant capital investment likely needed for full-scale operations
Insights
The announcement represents a significant development in domestic rare earth element (REE) production. With demonstrated MREO concentrations of 500+ ppm and access to 128 million tons of waste material, including 8 million tons at the West Virginia property, this creates a substantial potential resource base. The techno-economic viability stems from three key factors: byproduct economics, pre-existing waste material eliminating mining costs and valuable aluminum/silicon oxide content. This positions AREC uniquely in the U.S. rare earth supply chain, particularly important given recent Chinese export restrictions on critical minerals.
The company's LAD chromatographic separation technology offers significant advantages over traditional solvent extraction methods, potentially enabling cost-effective, environmentally friendly domestic REE production. This could provide AREC with a competitive edge in the growing market for critical minerals, especially given increasing U.S.-China trade tensions.
ReElement's LAD chromatography technology represents a breakthrough in sustainable rare earth processing. The system's modular design, reduced chemical usage and ability to process multiple feedstock types addresses key environmental and scaling challenges in REE production. The technology's localized processing capability significantly reduces transportation-related emissions and environmental impact compared to traditional methods that require shipping raw materials to China for processing.
The utilization of coal waste streams for REE extraction provides dual environmental benefits - resource recovery from existing waste while producing critical materials for green technologies. This circular economy approach, combined with the environmentally superior LAD process, positions AREC favorably in the increasingly ESG-conscious market for critical minerals.
ReElement Technologies has demonstrated technical and economic viability of producing rare earth elements from controlled carbon waste streams
ReElement's proprietary refining process, combined with an abundance of controlled feedstock, provides a breakthrough in producing rare-earth elements from mine waste with planned local processing capabilities at its Kentucky Lithium facility
FISHERS, IN / ACCESSWIRE / December 12, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company") announced today that its wholly-owned subsidiary, ReElement Technologies Corporation ("ReElement"), a leading provider of high-performance refining solutions for rare earth and critical battery elements, has successfully demonstrated the techno-economic viability of producing rare earth elements from the Company's controlled carbon mine waste streams. Updated analyses of the carbon waste-based deposits at its Wyoming County Coal project, located in southwest West Virginia, consistently show mixed rare earth oxide (MREO) concentrations at or above 500 ppm. Additionally, ReElement Technologies has proven its capability to separate MREO into high-purity rare earth oxides utilizing its proprietary and patented refining technology combined with localized preprocessing.
American Resources Corporation's internal surveyors estimate over 128 million tons of previously extracted waste material available for targeting, with the initial primary resource focused on the Company's West Virginia property, which is estimated to contain approximately 8 million tons.
Mark Jensen, CEO of American Resources Corporation, commented, "There has been significant discussion surrounding rare earth oxides from unconventional resources, and we have been diligently working behind the scenes to test and develop processes that assess their economic viability. The key to achieving economic viability lies in byproduct economics and the utilization of already extracted coal waste material, which can be efficiently preprocessed into a useable form. Additionally, the high concentrations of aluminum oxide (Al2O3) and silicon dioxide (SiO2), combined with the rare earth element content, provides significant advantages for our process, given the growing demand for these high-purity materials in the battery and defense sectors. Today, we are proud to announce that our controlled resources demonstrate a sufficiently high concentration, coupled with minimal extraction costs, representing a potential breakthrough for the industry."
Mr. Jensen added, "ReElement's next-generation critical mineral refining platform continues to prove its capability to source critical mineral feedstocks from both primary and recycled sources globally, fostering a robust supply chain independent of China. We now believe that our innovative platform can deliver techno-economic viability for our controlled resource base, which includes millions of tons of feedstock derived from decades of coal mining waste. Furthermore, given the increasingly fragile state of the global supply of refined critical minerals, we are confident that ReElement is uniquely positioned to address supply chain and national security challenges effectively."
Rare earth and critical minerals are essential components in the electric drive trains (magnets and batteries) used in e-mobility, as well as in various electronics and military applications worldwide. American Resources' majority-owned subsidiary, American Infrastructure Corporation, has an agreement with ReElement Technologies to refine concentrated rare earth materials from unconventional coal-based resources into ultra-pure products. Currently, over
Recently, trade restrictions between China and the United States have intensified, particularly concerning critical minerals and advanced materials essential for microchip manufacturing. Earlier this month, China announced a ban on the export of specific critical minerals, including gallium, germanium, and antimony. Additionally, reports indicate that dysprosium, a heavy rare earth element of which China refines
ReElement continues to expand and scale its refining platform through owned and operated facilities as well as collaborative partnerships, offering "separation as a service" to industry participants. The company recently announced daily production of ultra-pure heavy and light rare earth oxides, along with battery-grade lithium carbonate. Additionally, ReElement recently provided an update on the development of its Marion, Indiana super-site, which is set to become the largest combined rare earth element and lithium refining facility in the United States.
Ligand Assisted Displacement ("LAD") Chromatographic Separation and Purification
The use of LAD chromatography to separate, purify and refine rare earth and critical elements is the most cost effective and environmentally safe methods utilized to date. LAD chromatography, as designed for rare earth element extraction and purification, is a much cleaner and greener purification process compared to conventional solvent-based extraction methods. It has a higher yield, productivity, flexibility and efficiency allowing for smaller and scalable processing volume without the harsh or toxic chemicals.
The technology enables:
Modular and scalable production capacity (growing processing volumes efficiently as feedstock production expands);
Localization of processing (Removing the need to transport raw ore across the world);
Significantly less chemical and energy use; and
Versatility of technology for multi-mineral, multi-feedstock (ores, recycled material, etc.).
Learn more about ReElement Technologies' process and technology here - Video.
About ReElement Technologies Corporation
ReElement Technologies Corporation, a wholly owned subsidiary 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.
About American Resources Corporation
American Resources Corporation (NASDAQ: AREC) is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.
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.
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
Company Contact:
Mark LaVerghetta
317-855-9926 ext. 0
investor@americanresourcescorp.com
SOURCE: American Resources Corporation
View the original press release on accesswire.com
FAQ
What concentration of rare earth oxides has AREC found in their Wyoming County Coal project?
How much waste material does AREC have available for rare earth element extraction?
What technology is AREC using to refine rare earth elements?
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What makes AREC's rare earth element extraction economically viable?
