LOHUM, ReElement & American Metals Come Together to Set up an Integrated Li-ion Battery Materials Processing Facility With an Investment North of $30M
American Resources (NASDAQ: AREC) announces a significant development: India's LOHUM Cleantech has signed an MOU with ReElement Technologies and American Metals to establish the United States' first fully integrated battery recycling and critical material production facility. The joint venture will invest $30 million to create a 15.5 GWh facility, generating 250 green jobs. The facility aims to supply over 315,000 electric vehicles annually with recycled materials.
The integrated facility will cover the entire battery lifecycle, from testing to recycling and refining, producing critical materials with purity levels exceeding 99.5%. Initially located at the Marion Advanced Technology Center in Indiana, the venture plans to expand to other locations. This collaboration is expected to significantly reduce capital expenditure, environmental impact, and operational costs in battery material processing.
American Resources (NASDAQ: AREC) annuncia uno sviluppo significativo: la LOHUM Cleantech indiana ha firmato un MOU con ReElement Technologies e American Metals per stabilire il primo impianto statunitense completamente integrato per il riciclo delle batterie e la produzione di materiali critici. La joint venture investirà 30 milioni di dollari per creare un impianto da 15,5 GWh, generando 250 posti di lavoro verdi. L'impianto mira a fornire oltre 315.000 veicoli elettrici all'anno con materiali riciclati.
L'impianto integrato coprirà l'intero ciclo di vita della batteria, dal collaudo al riciclo e alla raffinazione, producendo materiali critici con livelli di purezza superiori al 99,5%. Inizialmente ubicato presso il Marion Advanced Technology Center in Indiana, la joint venture prevede di espandersi in altre località. Questa collaborazione dovrebbe ridurre significativamente le spese capitali, l'impatto ambientale e i costi operativi nella lavorazione dei materiali per batterie.
American Resources (NASDAQ: AREC) anuncia un desarrollo significativo: LOHUM Cleantech de la India ha firmado un MOU con ReElement Technologies y American Metals para establecer la primera instalación completamente integrada de reciclaje de baterías y producción de materiales críticos en Estados Unidos. La empresa conjunta invertirá 30 millones de dólares para crear una instalación de 15.5 GWh, generando 250 empleos verdes. La instalación tiene como objetivo suministrar más de 315,000 vehículos eléctricos anualmente con materiales reciclados.
La instalación integrada cubrirá todo el ciclo de vida de la batería, desde la prueba hasta el reciclaje y la refinación, produciendo materiales críticos con niveles de pureza que superan el 99.5%. Ubicada inicialmente en el Marion Advanced Technology Center en Indiana, la empresa conjunta planea expandirse a otras localidades. Se espera que esta colaboración reduzca significativamente el gasto de capital, el impacto ambiental y los costos operativos en el proceso de materiales para baterías.
American Resources (NASDAQ: AREC)는 중대한 발전을 발표합니다: 인도의 LOHUM Cleantech가 ReElement Technologies 및 American Metals와 양해각서(MOU)를 체결하여 미국 최초의 완전 통합 배터리 재활용 및 중요한 자재 생산 시설을 установ할 계획입니다. 이 합작투자는 3천만 달러를 투자하여 15.5 GWh 시설을 건설하고 250개의 녹색 일자리를 창출할 것입니다. 이 시설은 매년 315,000대의 전기차에 재활용 자재를 공급할 것입니다.
통합된 시설은 배터리의 전체 수명 주기를 포괄하며, 테스트에서 재활용 및 정제에 이르기까지, 99.5% 이상의 순도를 가진 중요한 자재를 생산합니다. 처음에는 인디애나의 Marion Advanced Technology Center에 위치하며, 이 벤처는 다른 위치로 확장할 계획입니다. 이 협력은 배터리 자재 가공에서 자본 지출, 환경 영향 및 운영 비용을 상당히 줄일 것으로 예상됩니다.
American Resources (NASDAQ: AREC) annonce un développement significatif : LOHUM Cleantech en Inde a signé un MOU avec ReElement Technologies et American Metals pour établir la première installation entièrement intégrée de recyclage de batteries et de production de matériaux critiques aux États-Unis. La coentreprise investira 30 millions de dollars pour créer une installation de 15,5 GWh, générant 250 emplois verts. L'installation vise à fournir plus de 315 000 véhicules électriques par an avec des matériaux recyclés.
L'installation intégrée couvrira tout le cycle de vie de la batterie, de l'essai au recyclage et à la purification, produisant des matériaux critiques avec des niveaux de pureté dépassant 99,5 %. Initialement située au Marion Advanced Technology Center dans l'Indiana, la coentreprise prévoit de s'étendre à d'autres emplacements. Cette collaboration devrait réduire considérablement les dépenses d'investissement, l'impact environnemental et les coûts opérationnels dans le traitement des matériaux de batterie.
American Resources (NASDAQ: AREC) gibt eine bedeutende Entwicklung bekannt: Indiens LOHUM Cleantech hat ein MOU mit ReElement Technologies und American Metals unterzeichnet, um die erste vollständig integrierte Batterie-Recycling- und kritische Materialproduktionsanlage in den Vereinigten Staaten zu errichten. Das Joint Venture wird 30 Millionen Dollar investieren, um eine 15,5 GWh-Anlage zu schaffen, die 250 grüne Arbeitsplätze generiert. Die Anlage hat zum Ziel, über 315.000 Elektrofahrzeuge jährlich mit recycelten Materialien zu versorgen.
Die integrierte Anlage wird den gesamten Lebenszyklus der Batterie abdecken, von der Prüfung über das Recycling bis hin zur Raffinierung, und kritische Materialien mit Reinheitsgraden über 99,5 % herstellen. Zunächst im Marion Advanced Technology Center in Indiana angesiedelt, plant das Joint Venture, an anderen Standorten zu expandieren. Diese Zusammenarbeit wird voraussichtlich die Investitionsausgaben, die Umweltbelastung und die Betriebskosten in der Verarbeitung von Batteriematerialien erheblich reduzieren.
- $30 million investment in a new 15.5 GWh integrated battery recycling facility
- Creation of 250 green jobs
- Potential to supply over 315,000 electric vehicles annually with recycled materials
- Production of critical materials with purity levels exceeding 99.5%
- Reduction in capital expenditure, environmental impact, and operational costs for battery material processing
- None.
Insights
This joint venture marks a significant milestone in the U.S. battery recycling and critical materials sector. The
The project's potential to supply over 315,000 EVs annually is substantial, addressing a critical need in the growing electric vehicle market. The creation of 250 green jobs aligns with the broader trend of clean energy employment growth. For investors, this venture represents a strategic positioning in the rapidly expanding battery recycling market, which is important for sustainable EV adoption.
The collaboration between U.S. and Indian companies also highlights the growing international cooperation in clean tech, potentially opening doors for future cross-border investments and technology transfers in the sector.
The technological synergy in this joint venture is particularly noteworthy. ReElement's modular and adaptable processing technology, combined with LOHUM's expertise in sustainable critical minerals production, creates a powerful platform for innovation in battery material recycling and refinement.
The ability to achieve >99.5
The integrated approach, covering the entire value chain from battery testing to material production, offers potential for significant cost efficiencies and reduced environmental impact. By eliminating substantial capital and operational expenditures typically associated with traditional separation and purification processes, this venture could achieve a competitive edge in the battery materials market.
For American Resources (NASDAQ: AREC), this joint venture represents a potentially transformative opportunity. With a current market cap of just
The venture's focus on creating a domestic ecosystem for recycled, high-purity lithium aligns well with current U.S. policy priorities, potentially positioning AREC to benefit from government incentives and support in the critical minerals sector. The scalability of the project, with plans to expand beyond the initial Indiana location, offers significant growth potential.
However, investors should note that executing such a large-scale, technologically complex project carries risks. The company's ability to manage this expansion while maintaining financial stability will be crucial. Additionally, the success of this venture could attract larger competitors into the space, potentially impacting long-term profitability.
The integrated end-to-end battery & critical minerals lifecycle management facility will host the entire value chain from battery cell testing and segregation for second-life energy storage applications to recycling, mineral refining, engineered materials, and battery-grade products. The facility will produce critical materials with purity levels greater than
The initial operating location will be at the Marion Advanced Technology Center in
Addressing the development, Rajat Verma, Founder & CEO of LOHUM expressed:- “As LOHUM expands its presence in
Speaking on the joint venture, Mark Jensen, Chairman of American Metals and ReElement Technologies, stated- “We have been working with LOHUM to figure out how to leverage our unique capabilities and world-leading technologies at ReElement along with the innovative and scaled up approach to critical mineral’s recycling and refining that LOHUM has established. We are pleased that ReElement and LOHUM are partnering in a joint venture to leverage both ReElement’s and LOHUM’s vast experience in recycling lithium-ion batteries.”
About LOHUM Cleantech Ltd.
LOHUM is India’s largest producer and processor of sustainable critical minerals, and the only integrated battery recycling and reuse company in the world. Recognized as ‘The Most Innovative Company of the year 2022’ by The Confederation of Indian Industry (CII), LOHUM is committed to making battery materials last forever. An engine of innovation, LOHUM’s R&D focus is driving sustainable climate technology. LOHUM’s NEETM™ Li-ion batteries material recycling and extraction technology yields top-quality materials and produces zero waste. Its DETX™ battery price index makes it easy to determine accurate prices of battery materials and provides ‘future’ buyback prices. For more information, visit www.lohum.com or connect on LinkedIn and X.
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, X, and LinkedIn.
About American Resources Corporation
American Resources Corporation is a next-generation, environmentally & socially responsible supplier of high-quality raw materials to the new infrastructure market. 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, X, and LinkedIn.
About American Metals LLC:
American Metals LLC, currently a subsidiary of American Resources Corporation, has established a full circular supply chain utilizing its innovative recycling solutions for end-of-life battery and magnet material with an offtake partner bringing products back to battery and magnet grade as well as copper, aluminum and ferrous metals. American Metals LLC has executed a business combination with AI Transportation Acquisition Corp, (Nasdaq: AITR) For more information visit ametalscorporation.com or connect with the Company on Facebook, Twitter, and LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240926572025/en/
Sachin Maheshwari
96111 00484
sachin.maheshwari@lohum.com
Source: LOHUM Cleantech Ltd.
FAQ
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