American Resources Corporation's ReElement Technologies Joins NAATBatt, the Premiere Trade Association for Advanced Battery Technology

Rhea-AI Summary

American Resources Corporation (NASDAQ:AREC) has joined NAATBatt International, enhancing its position in the battery technology sector. The company aims to lead the domestic supply chain for rare earth elements and critical minerals. ReElement Technologies, a subsidiary, specializes in low-cost, high-purity refining of battery materials, reducing U.S. dependency on foreign sources. With a patented chromatographic process, ReElement offers an environmentally safe alternative for rare earth separation, supporting a circular economy. This strategic move aligns with the growing electrification market and reflects American Resources' commitment to sustainable practices.

Positive

• Joined NAATBatt International, enhancing industry connections.
• ReElement's patented refining process offers low-cost, high-purity solutions.
• Focus on reducing U.S. dependency on foreign rare earth supplies.
• Commitment to a circular economy through recycling and reprocessing.

Negative

• None.

FISHERS, IN / ACCESSWIRE / February 15, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, announced today that it has joined NAATBatt International (NAATBatt), the premiere trade association of developers, manufacturers, suppliers and users of battery technology in North America.

Chris Moorman, CCO of ReElement Technologies LLC commented, "NAATBatt is an excellent organization for ReElement to showcase its technologies and interact with the top players in the battery marketplace. Our battery materials refining technology enables low cost, high purity refining of end-of-life batteries, virgin ores and manufacturing waste back to battery grade specs. As we further roll out our commercial scale facilities throughout the United States and international market, we have built a business that is battery chemistry agnostic (LFP, NMC, lithium metal, solid state).

ReElement Technologies is committed to leading the domestic supply chain for rare earth and battery elements in the electrified economy. The Company has proven that its patented chromatographic separation and purification is a low cost, scalable, flexible and environmentally safe replacement to the existing environmentally and socially toxic alternatives used around the globe for rare earth and critical element separation and purification. As the Company executes and scales the production at its facilities, it will significantly reduce the United States' dependency on foreign nations for the supply of these critical raw materials while also creating a true circular life-cycle solution.

Learn more about ReElement Technologies' process and technology here - Video.

About ReElement Technologies LLC
ReElement Technologies LLC 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.
Todd McKnight
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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FAQ

What is the significance of American Resources Corporation joining NAATBatt?

Joining NAATBatt International positions American Resources Corporation as a key player in the battery technology sector, enhancing its industry connections and influence.

How does ReElement Technologies contribute to American Resources Corporation?

ReElement Technologies specializes in the low-cost refining of battery materials, supporting the company's goal to lead the domestic supply chain for rare earth elements.

What technology does ReElement use for battery material refining?

ReElement uses a patented chromatographic separation process that provides low-cost and high-purity refining of end-of-life batteries and other sources.

How does American Resources Corporation address environmental concerns?

The company emphasizes sustainability through its environmentally safe processing methods and commitment to recycling materials for a circular economy.