American Resources Corporation's Electrified Materials Finalizes Agreements for $911,519 Rare Earth and Critical Mineral Recycling Grant from State of Indiana

Rhea-AI Summary

American Resources Corporation's subsidiary Electrified Materials has secured a $911,519 matching grant from Indiana's Department of Environmental Management's Waste Diversion Project. The funding will support equipment acquisition for recycling rare earth magnets, critical minerals, and defense materials at their 135-acre Noblesville site. Through collaboration with ReElement Technologies, Electrified Materials will preprocess end-of-life materials containing critical minerals from sources like wind turbines, EV motors, and lithium-ion batteries. ReElement will then refine these materials into high-purity rare earth oxides and other critical materials. This initiative aims to establish a domestic circular supply chain for critical minerals, supporting both economic development and national security interests.

Positive

• Secured $911,519 matching grant from Indiana for equipment and expansion
• Access to 135-acre site in Noblesville for operations expansion
• Strategic partnership with ReElement Technologies for complete recycling solution
• Establishing domestic circular supply chain for critical minerals and rare earth elements

Negative

• Grant is matching, requiring additional capital investment from the company
• Operations and expansion still in early stages with unproven commercial scale

Electrified Materials Secures State Grant to Advance Rare Earth and Critical Mineral Recycling in Indiana

FISHERS, IN / ACCESS Newswire / June 17, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources") today announced that its wholly owned subsidiary, Electrified Materials Corporation ("Electrified Materials" or "EMCO"), has finalized and signed all agreements related to a $911,519 matching grant awarded through the Indiana Department of Environmental Management's Waste Diversion Project.

This funding will support the purchase of advanced equipment for the preprocessing and recycling of rare earth magnets, critical minerals, and defense materials. The materials will be refined by ReElement Technologies Corporation ("ReElement") as part of a broader effort to establish a collaborative, circular supply chain and help reshore this vital industry to the United States.

Electrified Materials currently has access to a 135-acre site in Noblesville, Indiana, where it will expand its operations focused on end-of-life rare earth magnets, lithium-ion batteries, and defense metals-further supporting national security and sustainable domestic production.

Mark Jensen, Chairman and CEO of American Resources Corporation commented, "We're incredibly grateful for the support from the State of Indiana as we continue to build out a collaborative and strategic supply chain for critical minerals - an effort that is essential to both our economic future and national security. I also want to thank our team, and in particular Steven Frankowski, for their dedication in sourcing innovative and collaborative capital solutions that help us grow more efficiently and sustainably. Electrified Materials Corporation, our wholly owned division, is deploying state-of-the-art processes and equipment to break down rare earth magnets, battery materials, and defense metals. These feedstocks are then utilized by ReElement Technologies' industry-leading refining platform to produce high-purity rare earth oxides, battery materials, semiconductor materials, and other critical materials - right here in the heartland of America. I'm proud that our team continues to find creative, low-cost ways to fuel our growth, maintain efficiency, and build a resilient and forward-looking company within this essential sector."

Electrified Materials is a cutting-edge recycler of metals to the electrified economy specializing in processing used metals and minerals to be recycled and further refined into new steel-based, battery-grade and magnet-grade products. Today, EMCO operates within the U.S. with its origins in reclaiming former thermal coal mines and industrial sites. By leveraging its regional logistics and infrastructure, along with its affiliation with ReElement Technologies Corporation - a leader in critical minerals refining - EMCO is expanding its presence in high-growth markets, including recycled steel, rare earth elements, and critical battery and defense materials. Additionally, EMCO remains committed to cleaning up old infrastructure left behind from the declining mining industry. Through its affiliation and collaboration with ReElement, EMCO will preprocess end-of-life waste containing critical minerals, such as wind turbines, EV motors, lithium-ion batteries, consumer power tools and e-waste, before supplying these concentrates to ReElement for further refinement into manufacturing-grade final products, ready to reenter the supply chain.

The initial recycling grant approvals were previously announced on March 10, 2025.

About Electrified Materials Corporation

Electrified Materials Corporation ("EMCO") was formed by, and is a wholly-owned subsidiary of, American Resources Corp (Nasdaq: AREC). EMCO is a cutting-edge recycler of metals for the electrified economy. It controls the preprocessing of both end of life magnets, batteries and ferrous metals that enables EMCO to ensure a domestic supply chain for copper, aluminum, steel, plastic as well as rare earth and battery elements through its refining partnership with ReElement Technologies Corp.

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 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.

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 is the value of the grant received by AREC's Electrified Materials?

Electrified Materials received a $911,519 matching grant from the Indiana Department of Environmental Management's Waste Diversion Project.

What will AREC use the Indiana state grant for?

The grant will fund advanced equipment for preprocessing and recycling rare earth magnets, critical minerals, and defense materials at their Noblesville facility.

Where is AREC's new recycling facility located?

The facility is located on a 135-acre site in Noblesville, Indiana.

What materials will AREC's Electrified Materials recycle?

They will recycle end-of-life rare earth magnets, lithium-ion batteries, defense metals, and materials from sources like wind turbines, EV motors, and e-waste.

How does the partnership between Electrified Materials and ReElement Technologies work?

Electrified Materials preprocesses the recycled materials, which are then refined by ReElement Technologies into high-purity rare earth oxides and other critical materials ready for manufacturing.