American Resources Corporation’s ReElement Technologies and Ivy Tech Community College of Indiana Sign Joint Employment Training Program Agreement
American Resources 's subsidiary ReElement Technologies has partnered with Ivy Tech Community College of Indiana to create a training and degree pathway program. This collaboration, part of the Achieve Your Degree initiative, aims to support ReElement's growing employee base in the clean energy and material processing field. The program will focus on ReElement's facilities in Noblesville and Marion, Indiana.
ReElement is expanding operations in Marion, Indiana, with plans to create over 300 fulltime jobs in the clean tech industry. The Marion Advanced Technology Center will produce rare earth elements and critical battery materials, with initial capacities of 2 metric tons per day of ultra-pure rare earth oxides and 50 metric tons per day of lithium-ion battery input material. The facility aims to scale up to 5,000 metric tons of ultra-pure lithium hydroxide or carbonate and 2,000 metric tons of rare earth oxides annually.
ReElement Technologies, sussidiaria di American Resources, ha stretto una partnership con Ivy Tech Community College of Indiana per creare un programma di formazione e un percorso di laurea. Questa collaborazione, parte dell'iniziativa Achieve Your Degree, mira a sostenere la crescente forza lavoro di ReElement nel settore delle energie rinnovabili e della lavorazione dei materiali. Il programma si concentrerà sulle strutture di ReElement a Noblesville e Marion, Indiana.
ReElement sta espandendo le operazioni a Marion, Indiana, con piani per creare oltre 300 posti di lavoro a tempo pieno nell'industria delle tecnologie pulite. Il Centro Avanzato di Tecnologia di Marion produrrà elementi delle terre rare e materiali critici per batterie, con capacità iniziali di 2 tonnellate metriche al giorno di ossidi ultra-puri di terre rare e 50 tonnellate metriche al giorno di materiale per batterie agli ioni di litio. La struttura mira a crescere fino a 5.000 tonnellate metriche di idrossido o carbonato di litio ultra-puro e 2.000 tonnellate metriche di ossidi di terre rare all'anno.
ReElement Technologies, subsidiaria de American Resources, se ha asociado con Ivy Tech Community College de Indiana para crear un programa de formación y un camino hacia el grado. Esta colaboración, parte de la iniciativa Achieve Your Degree, tiene como objetivo apoyar el creciente número de empleados de ReElement en el campo de la energía limpia y el procesamiento de materiales. El programa se centrará en las instalaciones de ReElement en Noblesville y Marion, Indiana.
ReElement está ampliando sus operaciones en Marion, Indiana, con planes de crear más de 300 empleos a tiempo completo en la industria de tecnología limpia. El Centro de Tecnología Avanzada de Marion producirá elementos de tierras raras y materiales críticos para baterías, con capacidades iniciales de 2 toneladas métricas por día de óxidos ultra-puros de tierras raras y 50 toneladas métricas por día de material para baterías de iones de litio. La instalación busca escalar hasta 5,000 toneladas métricas de hidróxido o carbonato de litio ultra-puro y 2,000 toneladas métricas de óxidos de tierras raras anualmente.
ReElement Technologies는 American Resources의 자회사로, Indiana Ivy Tech Community College와 협력하여 교육 및 학위 과정 프로그램을 만들었습니다. 이 협력은 Achieve Your Degree 이니셔티브의 일환으로, 깨끗한 에너지 및 소재 처리 분야에 있는 ReElement의 증가하는 직원 기반을 지원하는 것을 목표로 합니다. 이 프로그램은 인디애나주 노블스빌과 마리온에 있는 ReElement의 시설에 중점을 둘 것입니다.
ReElement는 인디애나주 마리온에서 운영을 확대하고 있으며, 청정 기술 산업에서 300개 이상의 정규직 일자리를 창출할 계획입니다. 마리온 첨단 기술 센터는 희토류 원소와 배터리에 대한 중요한 재료를 생산하며, 초기 생산 능력은 하루에 2미터톤의 초순도 희토류 산화물과 하루에 50미터톤의 리튬 이온 배터리에 필요한 원료입니다. 이 시설은 연간 5,000미터톤의 초순도 리튬 수산화물 또는 탄산염과 2,000미터톤의 희토류 산화물을 생산할 수 있도록 확장하는 것을 목표로 하고 있습니다.
ReElement Technologies, filiale de American Resources, a établi un partenariat avec Ivy Tech Community College de l'Indiana pour créer un programme de formation et de diplôme. Cette collaboration, dans le cadre de l'initiative Achieve Your Degree, vise à soutenir la base croissante d'employés de ReElement dans le domaine de l'énergie propre et du traitement des matériaux. Le programme se concentrera sur les installations de ReElement à Noblesville et Marion, Indiana.
ReElement agrandit ses opérations à Marion, Indiana, avec des plans pour créer plus de 300 emplois à plein temps dans l'industrie des technologies propres. Le Centre de Technologie Avancée de Marion produira des éléments de terres rares et des matériaux critiques pour batteries, avec des capacités initiales de 2 tonnes métriques par jour d'oxydes de terres rares ultra-purs et 50 tonnes métriques par jour de matière pour batteries au lithium-ion. L'installation vise à passer à 5 000 tonnes métriques d'hydroxyde ou de carbonate de lithium ultra-pur et 2 000 tonnes métriques d'oxydes de terres rares par an.
ReElement Technologies, eine Tochtergesellschaft von American Resources, hat sich mit Ivy Tech Community College of Indiana zusammengeschlossen, um ein Ausbildungs- und Studiengangprogramm zu schaffen. Diese Zusammenarbeit, die Teil der Initiative Achieve Your Degree ist, zielt darauf ab, den wachsenden Mitarbeiterbestand von ReElement im Bereich der sauberen Energie und Materialverarbeitung zu unterstützen. Das Programm wird sich auf die Einrichtungen von ReElement in Noblesville und Marion, Indiana konzentrieren.
ReElement erweitert seine Aktivitäten in Marion, Indiana, mit dem Ziel, über 300 Vollzeitarbeitsplätze in der sauberen Technologiebranche zu schaffen. Das Marion Advanced Technology Center wird seltene Erden und kritische Batteriematerialien produzieren, mit anfänglichen Kapazitäten von 2 metrischen Tonnen pro Tag ultra-reiner seltener Erdoxide und 50 metrischen Tonnen pro Tag an Ausgangsmaterial für Lithium-Ionen-Batterien. Das Werk hat das Ziel, auf 5.000 metrische Tonnen an ultra-reinem Lithiumhydroxid oder -carbonat und 2.000 metrische Tonnen an seltenen Erdoxiden pro Jahr zu skalieren.
- Partnership with Ivy Tech Community College to develop skilled workforce
- Expansion in Marion, Indiana creating over 300 fulltime jobs
- $44.9 million in local incentives secured from City of Marion
- Qualification for 45X US Advanced Manufacturing Production Tax Credit
- Production capacity of 2 metric tons/day of ultra-pure rare earth oxides
- Processing capacity of 50 metric tons/day of lithium-ion battery input material
- Planned scale-up to 5,000 metric tons/year of lithium hydroxide/carbonate and 2,000 metric tons/year of rare earth oxides
- None.
Initial Training and Apprenticeship Programs will be focused on ReElement Technologies' Facilities in Noblesville and Marion, Indiana
FISHERS, IN / ACCESSWIRE / September 23, 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, today jointly announced the collaboration with Ivy Tech Community College of Indiana ("Ivy Tech") on a unique training and degree pathway program. This collaboration, under the Achieve Your Degree initiative, aims to offer an affordable means of access to an Ivy Tech education and technical training that can support ReElement's growing employee base and job growth in the exciting field of clean energy and material processing. The collaboration will allow for a cohesive program for employee attraction, retention, training and advancement.
Alex Huskey, Chancellor of Ivy Tech Community College - Marion Campus, stated, "As Indiana's engine for workforce development, Ivy Tech is proud to partner with ReElement Technologies to build their talent pipeline. This is an excellent opportunity to collaborate with the industry to help employees learn the skills they need for advancement."
Mark Jensen, CEO of ReElement Technologies stated, "As we continue to scale our operations it is imperative that we have and support a strong pipeline of talent to meet the needs of this growing industry. Critical mineral demand is expected to grow exponentially over the coming decades driven by the transition to clean energy, advancements in technology and increased electrification across industries. The United States and ReElement are driving innovation to secure a healthy domestic supply chain for critical minerals and we must balance that demand with qualified talent to support its growth. We are thankful for the collaboration we have with our regional academic institutions and are excited to work with Ivy Tech given its exceptional education and technical training across more than 70 programs and its close proximity to our operations and overall community support."
As previously announced, Marion, Indiana was selected by ReElement Technologies for this next phase of expansion after several months of careful analysis and examination of several potential sites throughout the Midwestern United States. Once fully operating, the ReElement Marion Advanced Technology Center will support over 300 fulltime jobs in the clean tech industry.
The ReElement Marion Advanced Technology Center will also provide for:
Previously secured
$44.9 million of local incentives from the City of Marion, Indiana in the form of an Economic Development Revenue Bond;
Initial qualification for 45X United States Advanced Manufacturing Production Tax Credit;
42 acres with ample areas for operations and future development for both ReElement Technologies and its key industry partners;
425,000 square feet of existing production facility space, office, laboratories, and support structures;
250,000 square feet of additional foundation-ready space to expand production facilities or structures for further growth;
The production of rare earth elements with a targeted initial capacity of 2 metric tons per day of ultra-pure (>
99.5% ) rare earth oxides sourced from end-of-life magnets, such as those found in high-efficiency motors, electric vehicles, wind turbines, power tools, and hard drives, and establishing the largest such producer of heavy rare earth elements outside of China;
The production of critical battery materials with a initial refining capacity of 50 metric tons per day of lithium-ion battery input material ("black mass") sourced from end-of-life batteries and manufacturing waste, with the ability to process a wide range of lithium-ion battery chemistries including Lithium Iron Phosphate (LFP) and Nickle Manganese Cobalt (NMC);
An onsite fully integrated domestic solution of the battery and magnet supply chains: The campus is being designed to drive collaboration with battery and magnet industry partners by creating co-located partners within the electrified value chain; reducing costs, maximizing productivity, and significantly reducing the carbon footprint of products produced;
Rail loadout onsite along with 37 truck bays for enhanced transportation logistics, including access to major highways and interstate travel, with a central location to many potential customers within the automobile, battery and magnet industries in the US battery belt;
Exceptional community support for ReElement Technologies, along with access to several important educational institutions, such as Indiana Wesleyan University, Ivy Tech Community College, Taylor University and Purdue University which can provide skilled personnel to ReElement Technologies' expanding workforce; and
The ReElement Marion Advanced Technology Center will scale up to an initially targeted production capacity of 5,000 metric tons of ultra-pure (>
Learn more about ReElement Technologies' process and technology here - Video.
About Ivy Tech Community College
Ivy Tech Community College is Indiana's largest public postsecondary institution and the nation's largest singly accredited statewide community college system, accredited by the Higher Learning Commission. Ivy Tech has campuses throughout Indiana and also serves thousands of students annually online. It serves as the state's engine of workforce development, offering associate degrees, long- and short-term certificate programs, industry certifications, and training that aligns with the needs of the community. The College provides a seamless transfer to other colleges and universities in Indiana, as well as out of state, for a more affordable route to a bachelor's degree.
About ReElement Technologies LLC
ReElement Technologies LLC, a wholly owned subsidiary of American Resources Corporation (NASDAQ:AREC), 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 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
View the original press release on accesswire.com
FAQ
What is the partnership between ReElement Technologies and Ivy Tech Community College?
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What are the production capacities of ReElement's Marion facility (AREC)?
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