American Resources Corporation’s ReElement Technologies Achieves Greater than 99.5% Purity of Separated Rare Earth Elements from Ore Feedstock
Rhea-AI Summary
American Resources 's subsidiary, ReElement Technologies, has achieved over 99.5% purity in separating rare earth elements from ore feedstock, including 99.7% pure Neodymium and 99.9% pure Neodymium/Praseodymium. This milestone, announced on July 31, 2024, showcases ReElement's ability to cost-effectively separate and purify magnet-grade rare earth elements using a novel, environmentally friendly method that avoids solvent extraction.
The company's technology platform, developed with exclusive patents from Purdue University, is scalable and efficient, capable of handling various feedstocks. The REE market, valued at $5.37 billion in 2022, is expected to reach $14.24 billion by 2030. ReElement's approach is positioned to capitalize on this growing market by providing a sustainable and cost-effective solution for rare earth element extraction and purification.
Positive
- ReElement Technologies achieved over 99.5% purity in separating rare earth elements.
- Neodymium purity exceeded 99.7%; Neodymium/Praseodymium exceeded 99.9%.
- The technology avoids environmentally harmful solvent extraction.
- Scalable and efficient tech platform developed with exclusive Purdue University patents.
- The REE market is projected to grow from $5.37 billion in 2022 to $14.24 billion by 2030.
Negative
- None -
Insights
As a materials science expert, I find ReElement Technologies' achievement in rare earth element (REE) purification highly significant. Producing 99.7% pure Neodymium (Nd) and 99.9% pure Neodymium/Praseodymium (NdPr) from ore concentrate demonstrates a major leap in REE processing technology.
The company's Ligand Assisted Displacement (LAD) chromatography method offers several advantages over traditional solvent extraction:
- Improved environmental safety
- Lower capital and operating costs
- Greater flexibility and scalability
- Higher yield and efficiency
This breakthrough could disrupt the REE supply chain, currently dominated by China. ReElement's ability to process both recycled magnets and ore concentrates positions them well in the growing
The modular, scalable nature of their technology allows for localized processing, potentially reducing transportation costs and environmental impact. This could be a game-changer for REE mining operations worldwide, enabling more countries to develop their own REE refining capabilities.
From a financial perspective, ReElement Technologies' breakthrough in rare earth element (REE) purification presents a compelling opportunity for American Resources (NASDAQ: AREC). The REE market's projected growth from
Key financial implications include:
- Reduced capital expenditure requirements compared to traditional solvent extraction methods
- Lower operating costs due to improved efficiency and reduced chemical usage
- Potential for higher profit margins through superior purification levels (>99.5% purity)
- Diversification of revenue streams by processing both recycled magnets and ore concentrates
The company's ability to rapidly commercialize this technology, as evidenced by their quick turnaround of customer samples, suggests a strong potential for near-term revenue generation. However, investors should closely monitor the company's ability to scale production and secure long-term supply agreements.
The expansion into rare earth ore processing opens up new market opportunities, potentially increasing AREC's addressable market and competitive positioning in the critical minerals sector. This could lead to improved valuation metrics and increased investor interest in the stock.
ReElement Technologies' advancement in rare earth element (REE) purification represents a significant step towards more sustainable critical mineral processing. The environmental implications of this technology are substantial:
- Reduced chemical usage compared to traditional solvent extraction methods
- Lower energy consumption in the purification process
- Minimized waste generation and environmental impact
- Potential for localized processing, reducing transportation-related emissions
This aligns well with growing global emphasis on environmentally responsible mining and processing practices. As governments worldwide seek to secure domestic REE supplies while minimizing environmental impact, ReElement's technology could gain regulatory favor and support.
The company's ability to process both recycled magnets and ore concentrates also supports circular economy principles, potentially reducing the need for new mining activities. This dual-capability could position ReElement favorably in markets with strict environmental regulations.
However, it's important to note that while this technology represents an improvement over existing methods, the overall environmental impact of REE production remains a concern. Stakeholders should continue to monitor the company's environmental performance and transparency as they scale up operations.
Company produces greater than
ReElement confirms that mixed rare earth concentrates from both natural ore and recycled magnets are highly economical at both small and large scale in today's market
FISHERS, IN / ACCESSWIRE / July 31, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") wholly owned subsidiary, ReElement Technologies Corporation, ("ReElement") a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today that it has demonstrated its technology in the separation and purification of rare earth ores to produced separated and purified rare earth elements at magnet grade. The demonstration process was conducted from an ore concentrate provided by a partner to showcase the Company's ability to extract, separate and purify the high-value elements in the ore body that can supply the rare earth magnet supply chain.
Mark Jensen, CEO of ReElement Technologies said, "Our team has mobilized quickly on a very large and attractive opportunity in the rare earth ore separation and purification market. With today's announcement we have demonstrated our teams ability to separate and purify magnet-grade rare earth elements cost effectively from rare earth ore concentrate. We announced our expansion to all feedstocks in April of this year and have quickly been turning around customer samples that are looking for a more cost effective and environmentally friendly method to sperate and purify rare earth elements from ores that do not utilize a solvent extraction process in the separation and purification phase of the refining process. The solvent extraction process, largely utilized today in China, has proven to be very challenging to deploy outside of China due to the process's severe environmental impact, high CapEx and OpEx requirements and limited flexibility. Today, we are excited to share the high efficacy of our technology platform to achieve the desired results with natural ores, but that we can deploy anywhere in the world due to our platform's cost and operating efficiencies and environmental safety. We look forward to scaling our production capacity in Marion, Indiana with our initial production trains being focused on recycled magnets and rare earth ore concentrates from our worldwide partnerships."
In April of 2024 ReElement announced it has expanded its exclusive use of the patents for ligand assisted displacement ("LAD") chromatography and knowhow for all feedstocks to now include rare earth ores. These exclusive patents and technologies, developed at Purdue University, have been utilized by ReElement at its Noblesville, Indiana Commercial Qualification Facility to produce ultra-pure rare earth oxides and critical battery elements to the growing magnet and energy storage industries. ReElement has successfully developed its critical mineral platform technology providing a high performance and scalable solution for separating, purifying and refining rare earth and critical elements in an efficient, low cost and environmentally safe process outside of China.
ReElement is currently evaluating or in conversations with providers of rare earth ores from four different continents with the goal of either partnering with such parties or acquiring their rare earth concentrates to be refined domestically. Rare earth elements (REEs) include the 15 elements in the lanthanide series plus scandium (Sc) and yttrium (Y). REEs are essential ingredients for high-end commercial and national defense applications in magnets, metal alloys, catalysts, ceramics, and phosphors, which are important for high-technology and clean energy applications. The REE market was valued at
Ligand Assisted Displacement ("LAD") Chromatographic Separation and Purification
The use of LAD chromatography to separate, purify and refine rare earth and critical elements is the most cost effective and environmentally safe methods utilized to date. LAD chromatography, as designed for rare earth element extraction and purification, is a much cleaner and greener purification process compared to conventional solvent-based extraction methods. It has a higher yield, productivity, flexibility and efficiency allowing for smaller and scalable processing volume without the harsh or toxic chemicals.
The technology enables:
Modular and scalable production capacity (growing processing volumes efficiently as feedstock production expands);
Localization of processing (Removing the need to transport raw ore across the world);
Significantly less chemical and energy use; and
Versatility of technology for multiple feedstocks (ores, recycled material, etc.).
Learn more about ReElement Technologies' process and technology here - Video.
About American Resources Corporation
American Resources Corporation (NASDAQ: AREC) is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.
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 is redefining how critical and rare earth elements are both sourced and processed while focusing on the recycling of end-of-life products such as rare earth permanent magnets and lithium-ion batteries, as well as coal-based waste streams and byproducts to create a low-cost and environmentally-safe, circular supply chain. ReElement has developed its innovative and scalable "Capture-Process-Purify" process chain in conjunction with its licensed intellectual property including 16 patents and technologies and sponsored research partnerships with three leading universities to support the domestic supply chain's growing demand for magnet and battery metals. For more information visit reelementtech.com or connect with the Company on Facebook, Twitter, and LinkedIn.
About Purdue Research Foundation Office of Technology Commercialization
The Purdue Research Foundation Office of Technology Commercialization operates one of the most comprehensive technology transfer programs among leading research universities in the U.S. Services provided by this office support the economic development initiatives of Purdue University and benefit the university's academic activities through commercializing, licensing and protecting Purdue intellectual property. The office recently moved into the Convergence Center for Innovation and Collaboration in Discovery Park District, adjacent to the Purdue campus. In fiscal year 2019, the office reported 136 deals finalized with 231 technologies signed, 380 disclosures received and 141 issued U.S. patents. The office is managed by the Purdue Research Foundation, which received the 2019 Innovation and Economic Prosperity Universities Award for Place from the Association of Public and Land-grant Universities. In 2020, IPWatchdog Institute ranked Purdue third nationally in startup creation and in the top 20 for patents. The Purdue Research Foundation is a private, nonprofit foundation created to advance the mission of Purdue University. Contact otcip@prf.org for more information.
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
833-475-8247
AREC@jtcir.com
RedChip Companies Inc.
Robert Foley
1-800-RED-CHIP (733-2447)
Info@redchip.com
Company Contact:
Mark LaVerghetta
317-855-9926 ext. 0
Vice President of Corporate Finance and Communications
investor@americanresourcescorp.com
SOURCE: American Resources Corporation
View the original press release on accesswire.com
FAQ
What purity levels did ReElement Technologies achieve in rare earth element separation?
When was the announcement about ReElement Technologies' rare earth element purity made?
What is the significance of ReElement Technologies' new method for rare earth element purification?
What are the projected market values for rare earth elements (REE)?
What is the stock symbol for American Resources ?
