American Resources Corporation and ReElement Technologies Forge Strategic Partnership with Republic of Uzbekistan to Advance Critical Mineral Supply Chain Beginning with Tungsten
American Resources (NASDAQ:AREC) and its minority holding in ReElement Technologies signed a strategic partnership with TMK LLC of the Republic of Uzbekistan on November 10, 2025 to develop a critical mineral supply chain beginning with tungsten.
The agreement creates a framework to broker Uzbek tungsten concentrates, refine them into high-purity tungsten in the U.S., and explores future cooperation on germanium, lithium, and rare earth elements. A Joint Working Group will produce technical and financial feasibility studies and coordinate investment structures involving U.S. and Uzbek investors.
American Resources (NASDAQ:AREC) e la sua partecipazione di minoranza in ReElement Technologies hanno firmato una partnership strategica con TMK LLC della Repubblica dell'Uzbekistan il 10 novembre 2025 per sviluppare una catena di approvvigionamento di minerali critici, a partire dal tungsteno.
L'accordo crea un quadro per intermediare concentrati di tungsteno uzbeki, raffinandoli negli Stati Uniti in tungsteno ad alta purezza e esplorando una futura cooperazione su germanio, litio e elementi delle terre rare. Un Gruppo di Lavoro congiunto produrrà studi di fattibilità tecnica e finanziaria e coordinerà strutture di investimento che coinvolgano investitori statunitensi e uzbeki.
American Resources (NASDAQ:AREC) y su participación minoritaria en ReElement Technologies firmaron una asociación estratégica con TMK LLC de la República de Uzbekistán el 10 de noviembre de 2025 para desarrollar una cadena de suministro de minerales críticos, comenzando por el tungsteno.
El acuerdo establece un marco para gestionar concentrados de tungsteno uzbecos, refinarlos en tungsteno de alta pureza en los EE. UU. y explorar una cooperación futura en germanio, litio y elementos de tierras raras. Un Grupo de Trabajo Conjunto producirá estudios de viabilidad técnica y financiera y coordinará estructuras de inversión que involucren a inversores estadounidenses y uzbecos.
American Resources (NASDAQ:AREC) 및 ReElement Technologies에 대한 소수 지분은 2025년 11월 10일 우즈베키스탄 공화국의 TMK LLC와의 전략적 파트너십을 체결하여 톨스튼을 시작으로 핵심 광물 공급망을 개발하기로 했습니다.
이 합의는 우즈벡산 텅스텐 농축물을 중개하고 미국에서 고순도 텅스텐으로 정제하며, 가렌민, 리튬 및 희토류 원소에 대한 향후 협력을 모색하는 프레임워크를 만듭니다. 공동 실무 그룹은 기술 및 재무 타당성 연구를 수행하고 미국 및 우즈베키스탄 투자자를 포함하는 투자 구조를 조정할 것입니다.
American Resources (NASDAQ:AREC) et sa participation minoritaire dans ReElement Technologies ont signé un partenariat stratégique avec TMK LLC de la République d'Ouzbékistan le 10 novembre 2025 afin de développer une chaîne d'approvisionnement en minéraux critiques en commençant par le tungstène.
L'accord établit un cadre pour l'intermédiation de concentrés de tungstène uzbéques, leur raffinage aux États-Unis en tungstène de haute pureté, et explore une coopération future sur le germanium, le lithium et les éléments des terres rares. Un Groupe de Travail conjoint produira des études de faisabilité technique et financière et coordonnera des structures d'investissement impliquant des investisseurs américains et uzbèques.
American Resources (NASDAQ:AREC) und ihre Minderheitsbeteiligung an ReElement Technologies haben am 10. November 2025 eine strategische Partnerschaft mit TMK LLC aus der Republik Usbekistan geschlossen, um eine Lieferkette für kritische Mineralien zu entwickeln, beginnend mit Wolfram.
Die Vereinbarung schafft einen Rahmen, uzbekische Wolframkonzentrate zu vermitteln, sie in den USA zu hochreinem Wolfram zu veredeln, und prüft eine künftige Zusammenarbeit bei Germanium, Lithium und Seltenen Erden. Eine Gemeinsame Arbeitsgruppe wird technische und finanzielle Machbarkeitsstudien erstellen und Investitionsstrukturen koordinieren, an denen US- und usbekische Investoren beteiligt sind.
American Resources (NASDAQ:AREC) وملكيتها الأقلية في ReElement Technologies وقّعتا شراكة استراتيجية مع TMK LLC من جمهورية أوزبكستان في 10 نوفمبر 2025 لتطوير سلسلة توريد معادن حيوية تبدأ بالتنجستن.
يخلق الاتفاق إطاراً لوساطة تركيزات التنجستن الأوزبكية، وتكريرها إلى تنجستن عالي النقاء في الولايات المتحدة، واستكشاف تعاون مستقبلي في الجرمانيوم والليثيوم وعناصر الأرض النادرة. ستنتج مجموعة عمل مشتركة دراسات جدوى تقنية ومالية وتنسق هياكل الاستثمار التي تشارك فيها مستثمرون أمريكيون وأوزبكيون.
- Strategic partnership signed on November 10, 2025
- Framework to broker Uzbek tungsten concentrates to U.S. refiners
- Joint Working Group to develop technical and financial feasibility studies
- No financial terms, volumes, or timelines disclosed in the agreement
- Commercial execution depends on future investor and sovereign participation
Insights
Agreement creates a US–Uzbekistan critical minerals supply framework starting with tungsten, aiming to secure upstream sourcing and US refining capacity.
The partnership links American Resources Corporation and its stake in ReElement Technologies with TMK LLC to broker tungsten concentrates from Uzbekistan and route them to U.S. refiners for high‑purity production. This establishes a clear commercial channel from raw extraction to domestic processing and signals intent to expand to germanium, lithium and rare earths.
Key dependencies include successful JWG technical and financial studies, participation by U.S. and Uzbek financiers, and the ability to convert concentrate into high‑grade feedstock at scale. Execution risk centers on project finance, permit and commercial terms, which the statement says the JWG will define.
Watch for completion of the JWG studies, announced investment commitments, and any concrete supply or offtake contracts over the next 6–24 months; these milestones will determine whether the framework becomes an operational supply chain.
ReElement will receive Uzbekistan tungsten concentrates for U.S. refining, aiming to produce high‑purity tungsten and broaden to other critical minerals.
The described model routes concentrates from TMK LLC through American Resources to ReElement and other U.S. partners for refining using ReElement's "Powered by ReElement" platform. That positions U.S. refining capacity as the value‑add step, converting concentrates into marketable, high‑purity products for government and industrial users.
Operational risks include feedstock variability, process qualification for new ore streams, and capital needs to scale refining capacity. The announcement confines these issues to planned feasibility work by the JWG, which means technical proof points and capex plans remain forthcoming.
Monitor announced technical feasibility results, pilot processing runs, and definitive supply/refining agreements in the next
Agreement establishes framework to source, process, and refine critical minerals - including tungsten, germanium, and rare earth elements - to strengthen bilateral economic and industrial cooperation between the United States and Uzbekistan
FISHERS, IN / ACCESS Newswire / November 10, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), along with its minority holding in ReElement Technologies Corporation ("ReElement"), a leading U.S. innovator in rare earth element (REE) and critical mineral refining, today announced the signing of a strategic partnership agreement with TMK LLC of the Republic of Uzbekistan to develop and expand the critical mineral value chain between the two nations, beginning with the sourcing of tungsten concentrates in Uzbekistan and refining them into high-grade tungsten in the United States.
The partnership, signed in Washington, D.C., establishes a cooperative framework to jointly advance sustainable and high-value production of tungsten and other strategic minerals essential to national security and advanced manufacturing. Under the agreement, American Resources Corporation will broker tungsten concentrate from TMK and its affiliates and supply this concentrate to ReElement Technologies and other U.S. partners for refining into high-purity tungsten to meet the growing needs of the U.S. government and its industrial base.
Mark Jensen, Chairman and CEO of American Resources and ReElement Technologies, commented, "This partnership exemplifies how technological innovation and trusted collaboration between nations can strengthen shared economic security. By combining Uzbekistan's natural resource potential with ReElement's advanced refining capabilities, we are building a foundation for a secure, scalable, and efficient supply of critical materials - starting with tungsten and expanding to germanium, lithium, and rare earth elements."
The collaboration reflects the mutual goal of leveraging Uzbekistan's mineral potential and ReElement's innovative refining technology to enable sustainable and globally competitive production of high-value materials. The agreement also provides for future cooperation on germanium, lithium, and other rare earth and critical elements critical to strategic and high-tech sectors.
As part of the framework, the Parties will establish a Joint Working Group (JWG) to develop technical and financial feasibility studies, define investment structures, and coordinate the implementation of projects. The partnership anticipates the participation of both U.S. and Uzbek financial institutions, sovereign wealth funds, and strategic investors.
Jensen added, "ReElement's focus remains on being the innovation leader and low-cost provider of refined critical minerals. Together with American Resources, we're creating an efficient value chain that supports allied economic growth, enhances U.S. industrial resilience, and promotes sustainable development abroad."
The signing of this partnership represents an important step toward advancing economic diplomacy and deepening bilateral cooperation between the United States and the Republic of Uzbekistan in the area of critical minerals and rare earth elements.
About American Resources Corporation (NASDAQ:AREC)
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.
About ReElement Technologies Corporation
ReElement Technologies Corporation, a portfolio company of American Resources Corporation (NASDAQ:AREC), 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 TMK LLC
TMK LLC is a Republic of Uzbekistan-based mining and processing company focused on the exploration and development of tungsten and other critical mineral resources. TMK is dedicated to fostering sustainable mining practices and expanding Uzbekistan's role in the global supply chain for strategic materials.
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
What did American Resources (AREC) announce on November 10, 2025 about tungsten?
How will the November 10, 2025 AREC–TMK agreement affect ReElement Technologies' refining operations?
Does the AREC/TMK partnership include other critical minerals beyond tungsten?
What immediate steps did the AREC partnership establish to implement projects?
Are there disclosed financial terms or production volumes for the AREC–TMK deal?
How might the AREC partnership influence U.S. critical minerals supply chains?
