American Resources Corporation’s ReElement Technologies and Vulcan Elements Come Together to Develop a Fully Domestic and Sustainable Rare Earth Magnet Supply Chain
American Resources 's subsidiary, ReElement Technologies, has signed a Memorandum of Understanding (MOU) with Vulcan Elements to develop a fully domestic and sustainable rare earth magnet supply chain. The partnership aims to integrate ReElement's efficient magnet recycling and rare earth ore refining processes into Vulcan's domestic magnet manufacturing.
ReElement will provide Vulcan with magnet-grade heavy and light rare earth elements essential for high-performance permanent magnets, while also recycling magnet manufacturing scrap. The collaboration will address national security and supply chain needs, leveraging ReElement's proprietary technology for rare-earth magnet recycling and ore purification.
The companies will also assess potential sites to co-locate facilities to enhance efficiencies within the magnet supply chain. ReElement's patented chromatographic separation and purification technology offers a cost-effective, scalable, and environmentally safe alternative to legacy processes in the rare earth and critical battery elements industry.
La sussidiaria di American Resources, ReElement Technologies, ha firmato un Memorandum d'Intesa (MOU) con Vulcan Elements per sviluppare una filiera nazionale e sostenibile di approvvigionamento di magneti in terre rare. L'obiettivo della partnership è integrare i processi efficienti di riciclo dei magneti e di raffinazione dei minerali di terre rare di ReElement nella produzione domestica di magneti di Vulcan.
ReElement fornirà a Vulcan elementi di terre rare pesanti e leggere di qualità magnetica essenziali per magneti permanenti ad alte prestazioni, mentre riciclerà anche i materiali di scarto della produzione di magneti. La collaborazione affronterà le esigenze di sicurezza nazionale e di approvvigionamento, sfruttando la tecnologia proprietaria di ReElement per il riciclo dei magneti in terre rare e la purificazione dei minerali.
Le aziende valuteranno anche potenziali siti per co-localizzare impianti per migliorare le efficienze all'interno della filiera di approvvigionamento dei magneti. La tecnologia di separazione e purificazione cromatografica brevettata di ReElement offre un alternativa economica, scalabile e rispettosa dell'ambiente ai processi tradizionali nell'industria delle terre rare e degli elementi critici per batterie.
La filial de American Resources, ReElement Technologies, ha firmado un Memorando de Entendimiento (MOU) con Vulcan Elements para desarrollar una cadena de suministro de imanes de tierras raras totalmente nacional y sostenible. El objetivo de la asociación es integrar los eficientes procesos de reciclaje de imanes y refinación de minerales de tierras raras de ReElement en la fabricación de imanes de Vulcan en el país.
ReElement proporcionará a Vulcan elementos de tierras raras ligeros y pesados de grado para imanes esenciales para imanes permanentes de alto rendimiento, mientras recicla también los residuos de la fabricación de imanes. La colaboración abordará las necesidades de seguridad nacional y de la cadena de suministro, aprovechando la tecnología patentada de ReElement para el reciclaje de imanes de tierras raras y la purificación de minerales.
Las empresas también evaluarán sitios potenciales para co-localizar instalaciones y mejorar la eficiencia dentro de la cadena de suministro de imanes. La tecnología de separación y purificación cromatográfica patentada de ReElement ofrece una alternativa rentable, escalable y ecológica a los procesos convencionales en la industria de tierras raras y elementos críticos para baterías.
아메리칸 리소스의 자회사인 리엘리먼트 기술가 벌컨 엘리먼츠와 함께 완전한 국내 및 지속 가능한 희토류 자석 공급망을 개발하기 위한 양해각서(MOU)를 체결했습니다. 이 파트너십의 목표는 리엘리먼트의 효율적인 자석 재활용 및 희토류 광석 정제 프로세스를 벌컨의 국내 자석 제조에 통합하는 것입니다.
리엘리먼트는 벌컨에게 고성능 영구 자석에 필수적인 자석 등급의 희토류 요소를 제공하고 자석 제조의 스크랩을 재활용합니다. 이 협력은 국가 안보 및 공급망 요구를 해결하고, 리엘리먼트의 희토류 자석 재활용 및 광석 정화에 대한 독점 기술을 활용할 것입니다.
두 회사는 또한 자석 공급망 내의 효율성을 높이기 위해 시설을 공동으로 배치할 수 있는 잠재적 장소를 평가할 것입니다. 리엘리먼트의 특허받은 크로마토그래픽 분리 및 정화 기술은 희토류 및 중요한 배터리 요소 산업에서 기존 프로세스에 대한 비용 효율적이며 확장 가능하고 환경 친화적인 대안을 제공합니다.
La filiale d'American Resources, ReElement Technologies, a signé un Mémorandum d'Entente (MOU) avec Vulcan Elements pour développer une chaîne d'approvisionnement en aimants à terre rare entièrement nationale et durable. L'objectif de ce partenariat est d'intégrer les processus efficaces de recyclage des aimants et de raffinage des minerais de terres rares de ReElement à la fabrication domestique d'aimants de Vulcan.
ReElement fournira à Vulcan des éléments de terres rares lourds et légers de qualité d'aimant, essentiels pour des aimants permanents haute performance, tout en recyclant également les déchets de fabrication d'aimants. Cette collaboration répondra aux besoins de sécurité nationale et de chaîne d'approvisionnement, en tirant parti de la technologie propriétaire de ReElement pour le recyclage des aimants à terre rare et la purification des minerais.
Les entreprises évalueront également des sites potentiels pour co-localiser des installations afin d'améliorer l'efficacité au sein de la chaîne d'approvisionnement des aimants. La technologie de séparation et de purification chromatographique brevetée de ReElement offre une alternative rentable, évolutive et respectueuse de l'environnement aux processus existants dans l'industrie des terres rares et des éléments critiques pour les batteries.
Die Tochtergesellschaft von American Resources, ReElement Technologies, hat ein Memorandum of Understanding (MOU) mit Vulcan Elements unterzeichnet, um eine vollständig inländische und nachhaltige Lieferkette für Magneten aus Seltenen Erden zu entwickeln. Ziel der Partnerschaft ist es, die effizienten Recyclingprozesse für Magnete und die Raffination von Seltenen Erden von ReElement in die inländische Magnetproduktion von Vulcan zu integrieren.
ReElement wird Vulcan Magnet-qualitative leichte und schwere Seltene Erden zur Verfügung stellen, die für hochleistungsfähige Permanentmagneten unerlässlich sind, während auch das Recycling von Produktionsabfällen für Magnete stattfindet. Die Zusammenarbeit wird den Bedürfnissen der nationalen Sicherheit und der Lieferkette Rechnung tragen, indem sie die proprietäre Technologie von ReElement für das Recycling von Magneten aus Seltenen Erden und die Reinigung von Erzen nutzt.
Die Unternehmen werden auch potenzielle Standorte bewerten, um Einrichtungen gemeinsam zu nutzen, um die Effizienz innerhalb der Magnetlieferkette zu verbessern. Die patentierte chromatographische Trenn- und Reinigungstechnologie von ReElement bietet eine kostengünstige, skalierbare und umweltfreundliche Alternative zu herkömmlichen Verfahren in der Industrie für Seltene Erden und kritische Batteriematerialien.
- Partnership aims to establish a fully domestic and allied nation supply chain for rare earth permanent magnets
- Integration of ReElement's efficient recycling and refining processes into Vulcan's magnet manufacturing
- Potential co-location of facilities to enhance supply chain efficiencies
- ReElement's technology offers cost-effective and environmentally safe alternative to legacy processes
- None.
Insights
This MOU between ReElement Technologies and Vulcan Elements represents a strategic move in the rare earth magnet supply chain. While it doesn't immediately impact financials, it positions AREC for potential long-term growth in a critical sector.
The partnership aims to create a fully domestic rare earth magnet supply chain, addressing national security concerns and reducing dependence on foreign sources. This aligns with current geopolitical trends and could lead to government contracts or support in the future.
ReElement's proprietary technology for rare earth recycling and purification is a key differentiator. Its environmentally friendly approach could provide a competitive edge in an industry facing increasing scrutiny over environmental impacts.
However, investors should note that this is still an early-stage agreement. The timeline for revenue generation and profitability remains unclear. AREC's small market cap of
ReElement's technology stands out in the rare earth processing landscape. Their chromatographic separation method offers several advantages over traditional solvent-based processes:
- Lower capital expenditure
- Smaller physical footprint
- Reduced environmental impact
- Lower operating expenses
The technology's adaptability to various feedstocks, including recycled magnets and ore, is particularly noteworthy. This flexibility could be crucial as the industry seeks to diversify supply sources.
The partnership with Vulcan Elements creates a vertically integrated supply chain, from recycling and refining to magnet manufacturing. This closed-loop system could significantly enhance efficiency and reduce costs.
However, scaling this technology to commercial levels and integrating it with Vulcan's manufacturing process will be critical challenges to overcome.
Companies enter into a Memorandum of Understanding (MOU) to develop a circular, commercial partnership
ReElement will utilize its proprietary technology for rare-earth magnet recycling and ore purification to produce magnet-grade rare earth oxides to power Vulcan's fully-domestic magnet manufacturing
FISHERS, IN / ACCESSWIRE / October 14, 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 US-based magnet manufacturer Vulcan Elements ("Vulcan"). This MOU initiates a Joint Development Agreement and Operating Agreement aimed at establishing a fully domestic and allied nation supply chain for rare earth permanent magnets.
This collaboration will integrate ReElement's efficient magnet recycling and rare earth ore refining processes into Vulcan Elements' fully domestic rare earth magnet manufacturing. ReElement will provide Vulcan with both magnet-grade heavy and light rare earth elements essential in high-performance permanent magnets, while also recycling any magnet manufacturing scrap to re-enter the manufacturing process.
Mark Jensen, CEO of ReElement Technologies commented, "We have been collaborating with the Vulcan team for several months, and we are excited about the opportunity to work together to address our national security and supply chain needs. Vulcan's deep understanding of the permanent magnet industry, particularly within our defense industrial base, enables us to drive efficiencies and execute meaningful solutions where they are most needed. This partnership also highlights ReElement's ability to catalyze and synthesize a healthy and sustainable supply chain. Additionally, we our confident that the unique attributes of our platform technology will continue to enhance our ability to source quality feedstock from around the world to support our current and developing manufacturing base."
John Maslin, CEO of Vulcan Element added, "Vulcan Elements is on a mission to secure and decarbonize the supply chain of rare earth magnets for the U.S. and its allies. The team at ReElements is aligned and we have been impressed with their technology and focus. Vulcan Elements is excited to be working with a domestic partner that can provide the low carbon materials needed for critical defense, aerospace, and automotive components."
In addition to providing magnet-grade rare earth elements to Vulcan's magnet manufacturing and recycling scrap material, the companies will also assess potential sites to co-locate facilities, aiming to enhance efficiencies and synergies within the magnet supply chain.
ReElement utilizes its patented technology for the separation and purification of rare earth and critical battery and defense 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, 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 Vulcan Elements
Vulcan Elements manufactures neodymium-iron-boron permanent magnets in the U.S., enhancing domestic supply chain security for defense, aerospace, automotive, and green technology companies. Vulcan Elements' mission is to onshore the manufacturing of rare earth permanent magnets back into the U.S. and decarbonize the supply chain by incorporating recycled materials, renewable energy, and other green manufacturing methods to aid in the transition to a carbon neutral economy. From more information visit vulcanelements.com or connect with the Company on 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, LLCJenene Thomas
(908) 824 - 0775
arec@jtcir.com
RedChip Companies Inc.
Robert Foley
1-800-RED-CHIP (733-2447)
Info@redchip.com
Vulcan Elements
John Maslin
303-807-4815
John.maslin@vulcanelements.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 purpose of the MOU between ReElement Technologies and Vulcan Elements?
How will ReElement Technologies contribute to the partnership with Vulcan Elements?
What are the advantages of ReElement's technology in rare earth element processing?
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