ReElement Technologies and Novare Announce Partnership to Build Critical Minerals Refining Facility in Africa
American Resources (NASDAQ:AREC) and its holding ReElement Technologies have partnered with South African-based Novare Holdings to establish Africa's first integrated critical mineral refining facility through a $100 million investment.
The facility will produce high-purity lithium carbonate, rare earth oxides, and other critical minerals using ReElement's proprietary chromatographic separation and purification platform. Development is scheduled to begin in the second half of 2025, processing locally and regionally sourced raw materials to support battery and defense industries in Africa and North America.
Under the agreement, ReElement Technologies Africa will provide the technology and project management expertise, while Novare will contribute capital investment and operational management. The partnership aims to enhance local value addition and resource beneficiation while addressing the global critical mineral supply chain bottleneck.
American Resources (NASDAQ:AREC) e la sua controllata ReElement Technologies hanno stretto una partnership con la sudafricana Novare Holdings per stabilire la prima struttura integrata di raffinazione di minerali critici in Africa attraverso un investimento di 100 milioni di dollari.
La struttura produrrà carbonato di litio ad alta purezza, ossidi di terre rare e altri minerali critici utilizzando la piattaforma proprietaria di separazione e purificazione cromatografica di ReElement. Lo sviluppo è previsto per la seconda metà del 2025, elaborando materie prime provenienti da fonti locali e regionali per supportare le industrie delle batterie e della difesa in Africa e Nord America.
In base all'accordo, ReElement Technologies Africa fornirà tecnologia e competenze nella gestione del progetto, mentre Novare contribuirà con investimenti di capitale e gestione operativa. La partnership mira a migliorare l'aggiunta di valore locale e la valorizzazione delle risorse affrontando al contempo i colli di bottiglia nella catena di approvvigionamento globale dei minerali critici.
American Resources (NASDAQ:AREC) y su filial ReElement Technologies han formado una asociación con la empresa sudafricana Novare Holdings para establecer la primera instalación integrada de refinación de minerales críticos en África a través de una inversión de 100 millones de dólares.
La instalación producirá carbonato de litio de alta pureza, óxidos de tierras raras y otros minerales críticos utilizando la plataforma de separación y purificación cromatográfica patentada de ReElement. El desarrollo está programado para comenzar en la segunda mitad de 2025, procesando materias primas obtenidas de fuentes locales y regionales para apoyar las industrias de baterías y defensa en África y América del Norte.
Según el acuerdo, ReElement Technologies Africa proporcionará la tecnología y la experiencia en gestión de proyectos, mientras que Novare contribuirá con inversión de capital y gestión operativa. La asociación tiene como objetivo mejorar la adición de valor local y la valorización de recursos, al tiempo que aborda el cuello de botella de la cadena de suministro global de minerales críticos.
아메리칸 리소스 (NASDAQ:AREC)와 자회사인 리엘리먼트 테크놀로지가 남아프리카의 노바레 홀딩스와 협력하여 아프리카 최초의 통합 핵심 광물 정제 시설을 설립하기 위해 1억 달러 투자를 진행합니다.
이 시설은 리엘리먼트의 독점 크로마토그래피 분리 및 정화 플랫폼을 사용하여 고순도 리튬 탄산염, 희토류 산화물 및 기타 핵심 광물을 생산할 예정입니다. 개발은 2025년 하반기에 시작될 예정이며, 지역 원자재를 처리하여 아프리카와 북미의 배터리 및 방위 산업을 지원할 것입니다.
계약에 따라 리엘리먼트 테크놀로지 아프리카는 기술과 프로젝트 관리 전문성을 제공하고, 노바레는 자본 투자와 운영 관리를 지원합니다. 이 파트너십은 지역 가치 추가와 자원 정제를 증대시키고, 글로벌 핵심 광물 공급망의 병목 현상을 해결하는 것을 목표로 합니다.
American Resources (NASDAQ:AREC) et sa filiale ReElement Technologies ont établi un partenariat avec l'entreprise sud-africaine Novare Holdings pour créer la première installation intégrée de raffinage de minéraux critiques en Afrique grâce à un investissement de 100 millions de dollars.
L'installation produira du carbonate de lithium de haute pureté, des oxydes de terres rares et d'autres minéraux critiques en utilisant la plateforme de séparation et de purification par chromatographie brevetée de ReElement. Le développement est prévu pour commencer dans la deuxième moitié de 2025, traitant des matières premières provenant de sources locales et régionales pour soutenir les industries des batteries et de la défense en Afrique et en Amérique du Nord.
En vertu de l'accord, ReElement Technologies Africa fournira la technologie et l'expertise en gestion de projet, tandis que Novare apportera un investissement en capital et la gestion opérationnelle. Le partenariat vise à améliorer la création de valeur locale et la valorisation des ressources tout en abordant le goulet d'étranglement de la chaîne d'approvisionnement mondiale en minéraux critiques.
American Resources (NASDAQ:AREC) und seine Tochtergesellschaft ReElement Technologies haben mit dem in Südafrika ansässigen Unternehmen Novare Holdings eine Partnerschaft geschlossen, um die erste integrierte Raffinerie für kritische Mineralien in Afrika durch eine 100 Millionen Dollar Investition zu etablieren.
Die Einrichtung wird hochreines Lithiumcarbonat, Seltenen Erden Oxide und andere kritische Mineralien mithilfe der proprietären chromatographischen Trennungs- und Reinigungsplattform von ReElement produzieren. Die Entwicklung ist für die zweite Hälfte des Jahres 2025 geplant und wird lokal und regional beschaffte Rohstoffe verarbeiten, um die Batterie- und Verteidigungsindustrie in Afrika und Nordamerika zu unterstützen.
Laut Vereinbarung wird ReElement Technologies Africa die Technologie und Projektmanagement-Expertise bereitstellen, während Novare Kapitalinvestitionen und operationale Verwaltung beitragen wird. Die Partnerschaft verfolgt das Ziel, den lokalen Wertzuwachs und die Ressourcennutzung zu verbessern und gleichzeitig den Engpass in der globalen Lieferkette für kritische Mineralien zu beheben.
- Secured $100 million investment partnership for new refining facility
- Expansion into African market with first-of-its-kind critical minerals refining facility
- Strategic positioning in growing battery and defense industries supply chain
- Access to local raw materials reducing supply chain dependencies
- Significant capital expenditure required for facility development
- Operations won't commence until at least H2 2025
- Execution risks in new geographic market
Insights
The $100 million partnership between ReElement Technologies and Novare represents a transformative opportunity for AREC to establish a significant presence in the critical minerals supply chain. The strategic value proposition is compelling for several reasons:
The facility's focus on high-purity lithium carbonate and rare earth oxides positions it to serve two rapidly growing markets: electric vehicle batteries and defense applications. By establishing Africa's first integrated refining platform, ReElement gains first-mover advantage in an untapped market with abundant raw material resources.
The deal structure is particularly advantageous - Novare provides capital and operational management while ReElement contributes technology and expertise, limiting AREC's direct capital exposure while maintaining technological control. This capital-light approach aligns with AREC's business model of maximizing returns while minimizing risks.
The timing is strategic, coinciding with global efforts to diversify critical mineral supply chains away from Chinese dominance. By establishing processing capabilities in Africa, AREC positions itself as a key player in supplying both African and North American markets, potentially benefiting from various government initiatives and trade partnerships.
However, key execution risks must be considered: 1) Political and operational challenges in African markets 2) Technology scale-up risks 3) Competition from established processors 4) Raw material supply security. The project's success will depend heavily on ReElement's ability to efficiently deploy its chromatographic separation technology at commercial scale while navigating local operational complexities.
ReElement's proprietary chromatographic separation technology represents a breakthrough in critical mineral processing. Traditional methods typically rely on environmentally harmful solvent extraction processes, while ReElement's platform offers a more sustainable approach that can process multiple feedstock types with higher efficiency.
The technology's versatility in handling various input materials - from recycled magnets and batteries to concentrated ores and coal byproducts - provides significant operational flexibility. This multi-feedstock capability is particularly valuable in Africa, where diverse mineral resources can be processed through a single facility.
The platform's scalability and modular nature enable rapid deployment and capacity expansion, important for meeting growing market demand. The environmentally sustainable process also positions the facility advantageously amid increasing regulatory focus on green technologies and ESG compliance.
Most importantly, the technology addresses a critical bottleneck in global critical mineral supply chains - the lack of efficient, environmentally friendly refining capacity outside China. By establishing this capability in Africa, ReElement could play a pivotal role in reshaping global supply dynamics for these strategic materials.
The partnership will establish Africa's first fully integrated critical mineral refining platform employing local talent
ReElement's innovative critical mineral refining platform is scalable, cost competitive and environmentally safe, catalyzing the region's manufacturing economy
FISHERS, IN / ACCESS Newswire / February 5, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), along with its holding in ReElement Technologies Corporation ("ReElement"), a leading provider of high-performance refining capacity of rare earth and critical battery elements, has announced a partnership with Novare Holdings Proprietary Limited ("Novare"), a South African headquartered multi-disciplinary investment holding company with operations across the African continent. Together, they plan to develop integrated refining facilities across Africa through an investment of USD
The agreement outlines the mutual commitment of both parties to develop a facility utilizing ReElement's proprietary refining platform to produce high-purity lithium carbonate, rare earth oxides, and other critical minerals. The facility will be supplied with locally and regionally sourced raw materials to support the growing demand in the battery and defense industries within both Africa and North America. ReElement Technologies aims to begin development of the refining facility by the second half of 2025.
Under the agreement, ReElement Technologies Africa will contribute its advanced chromatographic separation and purification platform technology along with project management expertise, while Novare will provide the necessary capital investment along with operational management. ReElement has successfully developed its versatile multi-mineral, multi-feedstock critical mineral technology, offering a high-performance, scalable, and cost-effective solution for separating, purifying, and refining rare earth and critical elements through an environmentally sustainable process. This collaboration will provide the initial funding to launch the project under an established Africa-based operating entity.
Ben Kincaid, CEO of ReElement Technologies Africa commented, "This partnership reflects our commitment to innovation in the critical minerals sector. Together with Novare, we are bringing innovative refining technology to the region, enabling nations to enhance and capture the value of their natural resources and catalyze industrial economic development on the continent. South Africa-based Novare will lead the way forward, modelling how African nations can and must serve as primary stakeholders in the global supply chain for critical minerals."
Ola Leepile, CEO of Novare Group, continued "Novare is excited about this collaboration's potential for securing reliable and quality critical mineral supplies. It aligns seamlessly with our vision of being an impactful investor by establishing Sub-Saharan Africa's first battery and critical minerals manufacturing facility. Through this partnership, we are confident that value addition and resource beneficiation can be achieved locally."
ReElement Technologies Africa and Novare look forward to collaborating to leverage opportunities which make a positive impact on the industries they serve. ReElement Technologies is dedicated to deploying its technology platform both domestically and internationally to unlock the bottleneck in the global critical mineral supply chain, addressing both the electrified economy and national security needs. The Company has demonstrated that its patented chromatographic separation and purification technology is a cost effective, scalable, flexible and environmentally safe alternative to the legacy processes, which are both environmentally and socially harmful. As the Company expands and scales production across its own and partner facilities, it will play a key role in reducing U.S. dependence on foreign sources of critical raw materials while also fostering a true circular life-cycle solution.
Learn more about ReElement Technologies' process and technology here - Video.
About ReElement Technologies Corporation
ReElement Technologies Corporation is a leading provider of high-performance refining capacity for rare earth and critical battery elements. Its multi-mineral, multi-feedstock platform technology focuses on the refining of recycled material from rare earth permanent magnets and lithium-ion batteries, concentrated ores and brines, as well as coal-based waste streams and byproducts to create a cost effective and environmentally-safe, circular supply chain. ReElement has developed its innovative and scalable "Powered by ReElement" process which collaboratively utilizes its exclusively licensed intellectual property within its partners' material processing flow sheets to more efficiently support the global supply chain's growing demand for magnet and battery-grade products. For more information visit reelementtech.com or connect with the Company on Facebook, Twitter, and LinkedIn.
About Novare
Novare is multi-disciplinary investment holding company headquartered in South Africa. The company is a leading provider of investment solutions to predominantly institutional clients on the African continent. The group's investment solutions which are provided through fully owned subsidiaries encompasses Real Estate Funds, Impact Investing Funds, Multi Managed Funds and Implemented Investment Consulting across a range of asset classes. The group has physical operations in five African countries namely South Africa, Nigeria, Mozambique, Mauritus and Zambia.
For more information visit www.novare.com or connect with the Company on LinkedIn.
About American Resources Corporation
American Resources Corporation is a leader in the critical mineral supply chain, developing innovative solutions both upstream and downstream of the refining process. The company and its affiliates focus on the extraction and processing of metallurgical carbon and iron ore, essential ingredients in steelmaking, as well as critical and rare earth minerals for the electrification market and recycled metals.
Leveraging its affiliation and former parent status of ReElement Technologies Corporation, a leading provider of high-performance refining capacity for rare earth and critical battery elements, American Resources is investing in and developing efficient upstream and downstream critical mineral operations. These operations include mining interests in conventional and unconventional sources, recycling, and manufacturing.
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
(908) 824 - 0775
arec@jtcir.com
Media Inquiries:
Marjorie Weisskohl
703-587-1532
mweisskohl@allseasonspr.com
Company Contact:
Mark LaVerghetta
317-855-9926 ext. 0
investor@americanresourcescorp.com
SOURCE: American Resources Corporation
View the original press release on ACCESS Newswire
FAQ
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