American Resources Corporation's ReElement Technologies Successfully Refines Lithium Brine Feedstock Through its Powered By ReElement Service Offering
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.
- Successful refinement and purification of lithium from brine feedstocks.
- Expansion of the Powered by ReElement service to include direct lithium extraction (DLE).
- Reduction in chemicals and capital expenditure in the lithium purification process.
- Enhanced efficiency and scalability in the lithium extraction market.
- Effective purification of various lithium sources, including end-of-life battery waste.
- Potential challenges in scaling the new technology across different lithium extraction processes.
- Dependence on collaborations with external DLE technology providers.
Insights
ReElement Technologies' refined lithium brine feedstock is a notable technological advancement in the field of Direct Lithium Extraction (DLE). This development is particularly significant given the environmental concerns and limitations associated with traditional lithium extraction methods, which rely heavily on evaporation ponds. The DLE method is advantageous as it reduces water consumption and accelerates extraction rates, making it a more sustainable solution.
By integrating their patented separation and purification platform into the DLE process, ReElement has the potential to simplify and reduce the cost structure of lithium extraction. This will likely make their technology competitive globally, especially in the context of increasing demand for lithium-ion batteries driven by electric vehicle (EV) adoption and renewable energy storage solutions.
For investors, the success of this technology indicates a significant competitive edge and the potential for increased adoption by firms within the lithium extraction industry. The emphasis on reducing capital expenditures and streamlining processes also portrays a strong value proposition.
The successful refinement of lithium brine feedstock by ReElement Technologies holds substantial market implications. The lithium market is rapidly expanding, driven by the growing demand for electric vehicles and energy storage solutions. The ability to efficiently process and purify lithium brine feedstocks positions ReElement to capitalize on this trend.
The company's collaborative approach, working with direct lithium extraction technology providers, enhances its market positioning. This strategy not only expands their service offerings but also builds strong partnerships, potentially increasing market share.
However, it is important to note the competitive landscape. While ReElement's technology is promising, other companies are also innovating in the DLE space. Therefore, continuous improvement and scalability of their technology will be key to maintaining a competitive advantage. Investors should monitor ReElement's ability to secure partnerships and contracts within the industry, as these will be indicative of their market penetration and long-term sustainability.
From a financial perspective, ReElement Technologies’ successful refinement of lithium brine feedstock can be seen as a positive indicator of the company's operational capabilities and future revenue potential. By reducing capital expenditures and simplifying the lithium extraction process, the company is likely to improve its profit margins.
The global push towards electrification and renewable energy solutions increases the demand for lithium, providing a strong market tailwind. The ability to produce high-purity battery-grade lithium products will be pivotal in revenue growth. Moreover, the expansion of their service offering, 'Powered by ReElement', suggests an additional revenue stream that could enhance financial performance.
Investors should focus on the company's ability to scale this technology and secure significant contracts. The impact on the company’s top line will be contingent upon these factors. Additionally, the broader market adoption of DLE technology will play a important role in ReElement's financial prospects.
Lithium brine feedstocks provides abundant opportunities to collaborate with innovative partners across the critical battery mineral supply chain
Powered by ReElement is a value-added offering for specific separation and purification of critical and rare earth elements optimizing existing processing techniques to now include direct lithium extraction for lithium brines
FISHERS, IN / ACCESSWIRE / May 14, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") wholly owned subsidiary, ReElement Technologies Corporation, ("ReElement") a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today that it has successfully separated and purified lithium from feedstocks derived from lithium brine sources. As such, the Company has expanded its Powered by ReElement service offering to include integration into direct lithium extraction ("DLE") flow sheets.
By utilizing ReElement's advanced and patented separation and purification refining platform, firms engaged in direct lithium extraction can streamline removal of divalent elements after brine concentration steps and significantly reduce the chemicals needed within legacy brine purification, offering a simplified flow sheet with reduced capital expenditure. ReElement Technologies has been collaboratively working with various direct lithium extraction technology providers to process lithium brine feedstocks that have gone through a DLE concentration processes in conjunction with its newly-launched Powered By ReElement service offering. The Company established the Powered By ReElement platform to focus on inline partnerships with other critical and rare earth mineral processors, recyclers or refiners that need to optimize certain components of their separation and purification process.
Mark Jensen, CEO of ReElement Technologies, states, "We again applaud our technical team for continuing to make groundbreaking progress with our unique and patented critical minerals separation and purification methods as well as driving optimization and efficiencies throughout our entire process. Over the past several months, we've been collaborating with a number of entities around the world that are at different phases of attempting to operate and scale traditional hydrometallurgical and/or solvent-based extraction processes, but are becoming frustrated and aware of their challenges including the lack of versatility, the costs and the lack of scalability of such facilities. Additionally, we have also had the opportunity to begin collaborating with innovative DLE companies to showcase the efficacy and our value added approach in separating and purifying lithium brine feedstocks that have gone through an extraction and/or concentration step. DLE has the potential to make a significant impact to the rapidly growing lithium market with the implementation of capturing lithium from brines. Our advanced separation and purification technology has the potential to significantly reduce the cost structure of the DLE process and to purify and refine into battery grade products. Our advanced refining process makes the separation and purification step the lowest cost component of the overall refining process and enables the platform to scale over time as production increases, which makes it highly efficient and globally competitive. We are excited to now share our complementary product offering to the lithium brine market and to broaden our critical mineral feedstocks which also include concentrated ores, end-of-life magnets and black mass (shredded lithium-ion battery cathode). All of these feedstocks allow us to produce battery cell-grade (
DLE is a groundbreaking approach to capturing lithium from lithium-rich solutions. Unlike conventional methods, which rely on evaporation and mineral concentration, DLE involves the selective extraction of lithium from sources such as brines. This method bypasses the need for evaporation ponds, allowing for faster extraction rates, reduced water consumption and a reduced environmental impact.
ReElement's versatile platform has now shown efficacy on purification and recovery of critical battery minerals across naturally occurring lithium including lepidolite, spodumene, and concentrated brine solutions as well as mid-stream and end-of-life battery waste. The Powered by ReElement service is a downstream process from DLE which can reduce and eliminate steps within the refining process to battery-grade products for both cost reduction and flow sheet simplification. Streamlined process flow is critical to establishing and safeguarding the DLE market against lithium market volatility.
Chris Moorman, Chief Commercial Officer of ReElement Technologies will be attending and presenting at the Direct Lithium Extraction Argentina 2024 Exhibition & Conference in Buenos Aires, Argentina on May 13th - 14th, 2024. To set up a time to meet or discuss, please reach out via LinkedIn by clicking HERE.
Learn more about ReElement Technologies' process and technology here - Video.
About ReElement Technologies Corporation
ReElement Technologies Corporation is redefining how critical and rare earth elements are both sourced and processed while focusing on the recycling of end-of-life products such as rare earth permanent magnets and lithium-ion batteries, as well as coal-based waste streams and byproducts to create a low-cost and environmentally-safe, circular supply chain. ReElement has developed its innovative and scalable "Capture-Process-Purify" process chain in conjunction with its licensed intellectual property including 16 patents and technologies and sponsored research partnerships with three leading universities to support the domestic supply chain's growing demand for magnet and battery metals. 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
833-475-8247
arec@jtcir.com
RedChip Companies Inc.
Robert Foley
1-800-RED-CHIP (733-2447)
Info@redchip.com
Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com
SOURCE: American Resources Corporation
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