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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) announced the adjustment of the record date for its special dividend of Novusterra Inc. to May 27, 2024, and the distribution date to June 11, 2024. This change is due to regulatory and statutory requirements with the NASDAQ Capital Markets and the transition to a new public accounting firm. American Resources focuses on supplying rare earth elements, carbon, and advanced materials for infrastructure and electrification markets. The company operates primarily in the Central Appalachian region, offering metallurgical carbon and rare earth minerals. CEO Mark Jensen mentioned efforts to finalize dates for a similar distribution for ReElement Technologies
American Resources 's subsidiary, ReElement Technologies, partners with LVC Global to revolutionize metal refining in Africa. ReElement's innovative technology and LVC Global's market expertise aim to redefine critical mineral refining practices in Emerging Markets. The partnership focuses on sustainability, efficiency, and local resource utilization in the recycling industry.
American Resources has engaged GBQ Partners as its new independent registered public accounting firm. GBQ is a top 100 tax, accounting, and consulting firm with over 70 years of experience. This move aims to support the growth of American Resources' infrastructure assets and operations. The company is focused on providing high-quality raw materials for the new infrastructure market, including metallurgical carbon and rare earth minerals.
American Resources 's ReElement Technologies, a subsidiary of American Resources (NASDAQ:AREC), will be attending key conferences in May to showcase high-performance refining capacity of rare earth and critical battery elements, addressing industry challenges and promoting sustainable lithium production.
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