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American Resources Corporation (NASDAQ: AREC) is a next-generation, environmentally, and socially responsible supplier of high-quality raw materials critical to global infrastructure and electrification markets. Headquartered in Fishers, Indiana, the company was founded in 2006 and has a robust portfolio of operations in the Central Appalachian basin of eastern Kentucky and southern West Virginia.
American Resources focuses on the extraction and processing of metallurgical carbon, essential for steelmaking, and critical and rare earth minerals, vital for the electrification market. The company’s operations are centered on providing premium-quality metallurgical carbon and rare earth mineral deposits. In recent years, American Resources has expanded its efforts to include reprocessed metal recycling.
The company boasts a cutting-edge subsidiary, ReElement Technologies Corporation, which specializes in the high-performance refining of rare earth and critical battery elements. ReElement has developed the innovative 'Capture-Process-Purify' process chain, which is both scalable and environmentally safe. This patented technology, supported by 16 licensed patents and partnerships with leading universities, redefines how critical and rare earth elements are sourced and processed, particularly focusing on recycling end-of-life products like rare earth permanent magnets and lithium-ion batteries.
Recent achievements include the establishment of the advanced ReElement refining campus in Marion, Indiana. This facility aims to reduce reliance on Chinese refining capabilities by significantly increasing domestic production of high-purity rare earth and battery elements. Notable projects include collaborations aimed at processing lithium brine feedstocks and integrating advanced technologies for the separation and purification of critical minerals.
The company is also known for its nimble, low-cost business model that emphasizes growth and efficiency. This approach allows American Resources to maximize margins while reducing costs, making it highly competitive in the global market. Additionally, the recent $150 million tax-exempt bond offering for the development of the Kentucky Lithium refining facility highlights its strategic focus on scaling operations and securing growth capital.
American Resources is actively engaged in several international and domestic collaborations aimed at enhancing the supply chain for critical minerals, including partnerships with LVC Global Holdings and membership in the Defense Industrial Base Consortium. These efforts are intended to bolster the company's role in supporting national security and advancing sustainable practices in critical mineral refining.
For more information, visit americanresourcescorp.com or connect with the company on Facebook, Twitter, and LinkedIn.
American Resources (NASDAQ:AREC) has announced the rescheduling of a live Virtual Investor 'What This Means' webcast featuring its subsidiary ReElement Technologies and IRIS Metals. The event, originally postponed due to a family emergency, is now set for Thursday, October 24, 2024, at 1:00 PM ET.
The webcast will focus on discussing the recently announced Memorandum of Understanding (MOU) between ReElement and IRIS Metals for downstream lithium conversion and production of battery-grade lithium carbonate equivalent (LCE). Investors will have the opportunity to submit questions live during the event.
ReElement Technologies, a wholly-owned subsidiary of American Resources, specializes in high-performance refining of rare earth and critical battery elements. The company employs a multi-mineral, multi-feedstock platform technology for refining recycled materials, concentrated ores, and various waste streams to support the growing demand for magnet and battery-grade products.
American Resources and its subsidiary ReElement Technologies have announced a live Virtual Investor 'What This Means' webcast with IRIS Metals on October 17, 2024, at 1:00 PM ET. The webcast will discuss their recently announced Memorandum of Understanding (MOU) for downstream lithium conversion and production of battery-grade lithium carbonate equivalent (LCE).
The event will feature a moderated discussion and allow investors to submit questions live. ReElement Technologies, a wholly owned subsidiary of American Resources (NASDAQ:AREC), is a provider of high-performance refining capacity for rare earth and critical battery elements. IRIS Metals (ASX:IR1) is an exploration company with assets in South Dakota, focusing on hard rock lithium.
The webcast aims to provide insights into the partnership's potential impact on the battery metals and critical minerals 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.
American Resources 's subsidiary ReElement Technologies has signed an MOU with IRIS Metals to develop domestic production of battery-grade lithium carbonate. The partnership aims to convert US-origin 6% spodumene concentrate (SC6) from IRIS Metals' Beecher Lithium Project in South Dakota into battery-grade lithium carbonate using ReElement's proprietary technology.
Key points:
- IRIS Metals aims to commence domestic SC6 production in 2025
- ReElement is scaling up operations at its 42-acre campus in Marion, Indiana
- The partnership will offer fully Inflation Reduction Act (IRA) compliant lithium units to the US market
- ReElement's technology is described as cost-effective, scalable, and environmentally safe compared to conventional processes
This collaboration is positioned to address the growing demand for domestically-sourced critical minerals in the US, supporting both the electrified economy and national security needs.
American Resources 's subsidiary, ReElement Technologies, has expanded production to include daily rare earth oxide refining at its Noblesville Customer Qualification Plant. The company is now producing both light (Nd, Pr) and heavy rare earths (Dy, Tb) at 99.5%+ purity, alongside its existing lithium carbonate production. This expansion comes as ReElement begins building its large-scale Marion Advanced Technology Center.
ReElement has integrated process automation and autonomous chromatographic column operations, increasing capacity by approximately 3 times without additional labor costs. The company utilizes proprietary Ligand Assisted Displacement (LAD) chromatography technology for efficient, cost-effective, and environmentally safe separation and purification of rare earth elements.
CEO Mark Jensen emphasized ReElement's unique position in producing both battery-grade lithium carbonate and magnet-grade rare earth oxides in the same facility, with a competitive cost structure. The company is working with various ore and recycled material providers to supply its Marion facility and aims to catalyze a domestic critical mineral supply chain.
American Resources 's subsidiary, ReElement Technologies, has appointed Dr. Yi Ding as Chief Technology Officer. Dr. Ding, who joined ReElement in 2022 as Director of Research and Development, has been instrumental in commercializing the company's multi-mineral, multi-feedstock platform technology. Under his leadership, ReElement has achieved significant milestones, including producing high-purity rare earth elements and lithium from various feedstocks.
ReElement's technology uses Ligand Assisted Displacement (LAD) chromatography for separating and purifying rare earth and critical elements, which is considered more cost-effective and environmentally friendly than conventional methods. The company is evaluating partnerships with rare earth ore providers from four continents to refine materials domestically. The rare earth element market is expected to grow from $5.37 billion in 2022 to $14.24 billion by 2030.
American Resources 's ReElement Technologies, a provider of rare earth and critical battery element refining, announces its participation in key industry events in October 2024. The company will attend The Battery Show North America in Detroit from October 7-10, where CEO Mark Jensen will deliver a keynote speech. Additionally, ReElement will participate in the Battery Recycle & Reuse 2024 conference in Frankfurt, Germany, on October 7-8, with Chief Commercial Officer Chris Moorman presenting.
ReElement Technologies, a subsidiary of American Resources (NASDAQ:AREC), focuses on recycling end-of-life products like rare earth magnets and lithium-ion batteries. The company employs an innovative "Capture-Process-Purify" process chain, supported by 16 patents and university research partnerships, to meet the growing demand for magnet and battery metals in the domestic supply chain.
American Resources (NASDAQ: AREC), a supplier of rare earth and critical elements, carbon, and advanced carbon materials, has announced its participation in the Virtual Investor Lunch Break Series. Mark Jensen, CEO of American Resources, will provide a corporate overview and business outlook on Thursday, October 3, 2024, at 12:00 PM ET.
The event will feature a moderated discussion and a live Q&A session for investors. A live video webcast will be available on the company's website, with a replay accessible for 90 days after the presentation.
American Resources positions itself as a next-generation, environmentally & socially responsible supplier of high-quality raw materials for the new infrastructure market. The company emphasizes its nimble, low-cost business model focused on growth and reducing legacy industry risks.
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 's ReElement Technologies, American Metals, and LOHUM Cleantech have signed an MOU to establish the United States' first fully integrated battery recycling, repurposing, and critical material production facility. The 15.5 GWh facility will be set up with an initial investment of US$30 Million, creating 250 green jobs. The partnership aims to supply over 315,000 electric vehicles annually with critical materials.
The facility will be located at the Marion Advanced Technology Center in Indiana, producing critical materials with purity levels greater than 99.5%. This joint venture will create a domestic ecosystem of recycled, high-purity lithium for North America's lithium-based battery manufacturing supply chain, significantly reducing capital expenditure, physical footprint, and environmental impact.
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