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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 '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.
American Resources 's subsidiary ReElement Technologies has partnered with Ivy Tech Community College of Indiana to create a training and degree pathway program. This collaboration, part of the Achieve Your Degree initiative, aims to support ReElement's growing employee base in the clean energy and material processing field. The program will focus on ReElement's facilities in Noblesville and Marion, Indiana.
ReElement is expanding operations in Marion, Indiana, with plans to create over 300 fulltime jobs in the clean tech industry. The Marion Advanced Technology Center will produce rare earth elements and critical battery materials, with initial capacities of 2 metric tons per day of ultra-pure rare earth oxides and 50 metric tons per day of lithium-ion battery input material. The facility aims to scale up to 5,000 metric tons of ultra-pure lithium hydroxide or carbonate and 2,000 metric tons of rare earth oxides annually.
American Resources 's subsidiary, ReElement Technologies, has received Military Critical Technical Data Agreement (MCTDA) approval and certification under the United States / Canada Joint Certification Program (JCP). This certification allows ReElement to access sensitive technical data related to military applications for the U.S. Department of Defense and Canadian Department of National Defense.
The MCTDA is important for protecting national security interests by controlling access to sensitive military-related technical information. This certification positions ReElement as a strategic partner for efficient and cost-competitive critical mineral refining outside of China, supporting both electrified goods and critical defense applications.
ReElement's multi-mineral refining platform aims to strengthen the domestic supply chain of critical minerals. The company views this certification as a positive step in collaborating with the DoD and demonstrating its commitment to high security and confidentiality standards in its operations.
American Resources 's (NASDAQ: AREC) ReElement Technologies will participate in several key conferences in September. These include:
- Africa Down Under (Sep 4-6, Perth, Australia) focusing on Australian-African mining and energy relations.
- DIBC Symposium (Sep 11-12, San Diego, CA) featuring interagency and investment community perspectives.
- The Atlantic Council Roundtable (Sep 23-26, New York, NY) addressing global challenges on the sidelines of the UN General Assembly.
- Nasdaq Annual Climate Week Conference (Sep 25, New York, NY) for sustainability professionals.
- Strength Through Innovation Summit (Sep 26-27, Reston, VA) focusing on aerospace, defense, and national security.
- Former National Security Professionals' Conference (Sep 27-28, Arlington, VA).
ReElement Technologies, a subsidiary, is known for its innovative
American Resources (NASDAQ: AREC) reported its Q2 2024 financial results, revealing a net loss of $6.6 million or $0.09 per share, an improvement from the $7.6 million loss in Q2 2023. Second quarter revenues were significantly lower at $4,095, compared to $1.98 million in Q2 2023. Adjusted EBITDA loss improved to $3.9 million from $6.2 million in the prior year.
The company successfully closed a $150 million tax-exempt bond offering for its Kentucky Lithium refining facility. Additionally, it executed a $45 million bond for Wyoming County Coal. American Resources continued its strategy to spin off subsidiaries into standalone entities, including plans for ReElement Technologies and American Infrastructure
Key developments include partnerships with Jupiter Lithium , EDP Renewables, and two German battery recycling platforms. American Resources also established a business combination for American Metals with AI Transportation Acquisition Corp, valued at $170 million.
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