American Resources Corporation's ReElement Technologies and POSCO International Come Together to Develop a Sustainable Rare Earth Element and Magnet Supply Chain
American Resources 's subsidiary ReElement Technologies has signed an MOU with POSCO International to develop a commercial partnership for rare earth element refining and recycling. ReElement will become POSCO's primary North American refiner, supporting nearly $900MM in announced OEM contracts. The collaboration integrates ReElement's efficient magnet recycling and rare earth ore refining processes into POSCO's global rare earth magnet manufacturing network. ReElement's patented technology offers an environmentally safer alternative to conventional solvent-based processes, reducing CapEx, physical footprint, and chemical usage while lowering OpEx for mineral separation.
La sussidiaria di American Resources ReElement Technologies ha firmato un protocollo d'intesa con POSCO International per sviluppare una partnership commerciale per la raffinazione e il riciclo di elementi delle terre rare. ReElement diventerà il principale raffinatore nordamericano di POSCO, supportando quasi 900 milioni di dollari in contratti OEM annunciati. La collaborazione integra i processi di raffinazione dell'oro delle terre rare e di riciclo dei magneti di ReElement nella rete globale di produzione di magneti delle terre rare di POSCO. La tecnologia brevettata di ReElement offre un'alternativa ambientalmente più sicura ai processi convenzionali basati su solventi, riducendo CapEx, spazio fisico e uso di sostanze chimiche, mentre abbassa OpEx per la separazione dei minerali.
La subsidiaria de American Resources ReElement Technologies ha firmado un memorando de entendimiento con POSCO International para desarrollar una asociación comercial para la refinación y el reciclaje de elementos de tierras raras. ReElement se convertirá en el principal refinador de POSCO en América del Norte, respaldando casi 900 millones de dólares en contratos OEM anunciados. La colaboración integra los procesos de reciclaje de imanes y refinación de minerales de tierras raras de ReElement en la red global de fabricación de imanes de tierras raras de POSCO. La tecnología patentada de ReElement ofrece una alternativa ambientalmente más segura a los procesos convencionales basados en solventes, reduciendo CapEx, huella física y uso de productos químicos, mientras disminuye OpEx para la separación de minerales.
미국 리소스의 자회사 ReElement Technologies가 POSCO International과 희토류 원소 정제 및 재활용을 위한 상업적 파트너십을 개발하기 위한 양해각서(MOU)를 체결했습니다. ReElement는 POSCO의 북미 주요 정제 공장이 되어 약 9억 달러의 OEM 계약을 지원합니다. 이 협력은 ReElement의 효율적인 자석 재활용 및 희토류 광석 정제 과정을 POSCO의 글로벌 희토류 자석 제조 네트워크에 통합합니다. ReElement의 특허 기술은 기존 용매 기반 공정에 비해 환경적으로 더 안전한 대안을 제공하며, 이로 인해 자본 지출(CapEx), 물리적 공간, 화학 물질 사용을 줄이고, 광물 분리에 대한 운영 비용(OpEx)을 낮춥니다.
La filiale d'American Resources ReElement Technologies a signé un protocole d'accord avec POSCO International pour développer un partenariat commercial dans le domaine du raffinage et du recyclage des éléments des terres rares. ReElement deviendra le principal raffineur nord-américain de POSCO, soutenant près de 900 millions de dollars de contrats OEM annoncés. Cette collaboration intègre les processus de recyclage de magnétisme et de raffinage de minerai de terres rares de ReElement dans le réseau mondial de fabrication de magnétisme de terres rares de POSCO. La technologie brevetée de ReElement offre une alternative plus sûre pour l'environnement par rapport aux processus conventionnels à base de solvant, réduisant ainsi les investissements en capital (CapEx), l'empreinte physique et l'utilisation de produits chimiques, tout en diminuant les coûts d'exploitation (OpEx) pour la séparation des minéraux.
Die Tochtergesellschaft von American Resources ReElement Technologies hat eine Absichtserklärung mit POSCO International unterzeichnet, um eine kommerzielle Partnerschaft zur Raffinierung und zum Recycling von Seltenen Erden zu entwickeln. ReElement wird der primäre nordamerikanische Raffiner von POSCO und unterstützt nahezu 900 Millionen Dollar in angekündigten OEM-Verträgen. Die Zusammenarbeit integriert ReElements effiziente Verfahren zur Recycling von Magneten und Raffinierung von Seltenen Erden in das globale Produktionsnetzwerk für Seltene-Erden-Magnete von POSCO. Die patentierte Technologie von ReElement bietet eine umweltfreundlichere Alternative zu konventionellen lösungsmittelbasierten Verfahren, wodurch Investitionskosten (CapEx), physischer Platzbedarf und Chemikalienverbrauch gesenkt werden, während die Betriebskosten (OpEx) für die Mineraltrennung reduziert werden.
- Partnership with global leader POSCO International provides access to significant market opportunities with $900MM in OEM contracts
- Proprietary technology reduces capital expenditure and operating costs compared to traditional processes
- Environmentally safer refining process potentially provides competitive advantage in ESG-conscious market
- MOU is non-binding and subject to final agreement execution
- Commercial scale implementation and timeline uncertainties remain
Insights
The POSCO-ReElement MOU represents a significant strategic development in the rare earth elements (REE) supply chain. The partnership addresses critical market gaps by establishing a North American refining hub for both heavy and light rare earth elements, backed by
The circular economy aspect is particularly noteworthy, as the partnership will recycle waste magnets and manufacturing scrap back into POSCO's production process. This creates a closed-loop system that reduces dependency on new raw material extraction while potentially improving margins through material recovery. The technology's flexibility to handle multiple feedstock types (recycled magnets, ores, coal waste) provides strategic resilience against supply chain disruptions.
This partnership strategically positions both companies in the critical minerals supply chain by combining ReElement's innovative refining capabilities with POSCO's established manufacturing network and
Companies enter into a Memorandum of Understanding (MOU) to develop a commercial partnership for rare earth element refining, recycling and offtake
ReElement will utilize its proprietary technology for rare-earth magnet recycling and ore purification to produce magnet-grade rare earth oxides to power POSCO's magnet manufacturing
FISHERS, IN / ACCESSWIRE / November 21, 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 capacity for rare earth and critical battery elements, has signed a Memorandum of Understanding (MOU) with POSCO International ("POSCO").
This collaboration will integrate ReElement's efficient magnet recycling and rare earth ore refining processes into POSCO's global rare earth magnet manufacturing network. ReElement will become the primary North American refiner, supplying POSCO with both heavy and light rare earth elements, supporting POSCO's permanent magnet vertical as they satisfy the nearly
Mark Jensen, CEO of ReElement Technologies commented, "We have been collaborating closely with the POSCO team for several months and are excited about the opportunity to address rare earth element supply and sustainability challenges together. POSCO's extensive expertise and network in the permanent magnet industry and electrified economy enable us to drive efficiencies and implement impactful solutions where they are most needed. This partnership also highlights ReElement's ability to catalyze and build a robust and sustainable supply chain. Additionally, we are confident that the unique strengths of our platform technology will enhance our capacity to source quality feedstock from around the world to support our current and emerging manufacturing base. Offering POSCO's North American and European OEM customers a diversified supply chain for rare earth magnets is key to reducing volatility and costs in electric transition."
ReElement utilizes its patented technology for the separation and purification of rare earth and critical battery material. Unlike conventional solvent-based, hydrometallurgical processes that rely on toxic acids and solvents, ReElement maximizes surface area interface by using columns and resins. This innovative application of this longstanding technology significantly reduces CapEx, physical footprint, environmental impact and chemical usage, resulting in lower OpEx for mineral separation, purification and refinement.
The technology was developed over decades, drawing on expertise from commercially operating processes used in industries such as sugar refinement (for fructose and glucose) and pharmaceutical production, including commercial production of insulin.
ReElement Technologies is dedicated to leading the domestic supply chain for refined rare earth and critical battery elements, addressing both the electrified economy and national security needs. The Company has demonstrated that its patented chromatographic separation and purification technology is a cost effective, scalable, flexible and environmentally safe alternative to the legacy processes, which are both environmentally and socially harmful. As the Company expands and scales production across its own and partner facilities, it will play a key role in reducing U.S. dependence on foreign sources of critical raw materials while also fostering a true circular life-cycle solution.
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 POSCO
POSCO is a global leader in steel production and advanced materials, committed to pioneering sustainable and innovative solutions for a greener future. With a strong foundation in steel manufacturing, POSCO has expanded its operations to include eco-friendly materials, energy solutions, and cutting-edge technologies that drive the electric vehicle and renewable energy industries. Through continuous investment in clean energy projects and the development of advanced materials like GIGA STEEL and secondary battery materials, POSCO supports the transition to a low-carbon economy. As a trusted partner to clients worldwide, POSCO is dedicated to creating a more resilient and sustainable supply chain while enhancing shareholder value through strategic growth and innovation.
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
(908) 824 - 0775
arec@jtcir.com
RedChip Companies Inc.
Robert Foley
1-800-RED-CHIP (733-2447)
Info@redchip.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 is the value of POSCO's OEM contracts that AREC will support?
How does ReElement's rare earth refining technology differ from conventional methods?
What is the purpose of the AREC-POSCO partnership announced in November 2024?
