American Resources Corporation Secures $5 Million Credit Facility with Old National Bank to Procure Rare Earth and Critical Mineral Feedstocks
Rhea-AI Summary
American Resources (NASDAQ:AREC) secured a $5 million inventory line of credit with Old National Bank on December 3, 2025 to finance procurement of end-of-life material, manufacturing scrap, ores and concentrates for conversion into rare earth and critical mineral feedstocks.
Feedstocks will be supplied to minority-owned subsidiary ReElement Technologies for separation and refinement. The company says it controls more than 120 million tons of pre-mined, permitted coal-based byproducts across Kentucky and West Virginia to support faster, lower-cost domestic rare earth production.
Positive
- $5M inventory line of credit with Old National Bank
- Feedstock procurement for ReElement Technologies refining
- Controls > 120 million tons of pre-mined coal-based byproducts
Negative
- None.
Insights
$5M credit line improves short-term liquidity to buy feedstock and support domestic refining capacity.
American Resources Corporation$5 million inventory line with Old National Bank to finance procurement of end-of-life material, scrap, ores and concentrates for processing into feedstock. The facility directly funds material supply to its minority-owned refining affiliate, ReElement Technologies, which handles separation and purification into high-purity rare earth products.
Access to this working capital reduces cash-flow friction for feedstock purchases and can increase throughput at the refining platform, assuming procurement converts to delivered material. Risks include the need to convert financed inventory into sellable concentrates and dependences on logistics and permitting tied to the company’s coal-based byproduct holdings. The analysis rests only on disclosed facts: the credit amount, stated feedstock sources, and the link to ReElement.
Watch near-term metrics over the next several quarters: volumes of procured feedstock, feedstock conversion rates at ReElement Technologies, and any changes to the facility size or covenants. These items will indicate whether the line materially expands refining output within
Facility Strengthens Feedstock Supply for Domestic Rare Earth & Critical Mineral Refining Through ReElement Technologies
FISHERS, IN / ACCESS Newswire / December 3, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a leader in the critical mineral supply chain developing innovative solutions for the extraction, processing and recycling of rare earth elements and critical minerals from sustainable sources, today announced it has secured a
The credit facility enables American Resources to finance the procurement of end-of-life material, manufacturing scrap, ores and concentrated to be processed into high-value mineral feedstock. These feedstocks will be supplied to ReElement Technologies - American Resources' minority-owned subsidiary and a leading U.S. refiner - for advanced separation, purification, and refinement into domestic, high-purity rare earth and critical mineral products.
"This collaboration with Old National Bank provides us with the liquidity and flexibility to accelerate our feedstock acquisition strategy and expand the material entering ReElement Technologies' refining platform," said Kirk Taylor, Chief Financial Officer of American Resources Corporation. "Old National's long-standing commitment to supporting regional growth and innovative industries aligns directly with our mission to build a secure, sustainable and globaly competitive critical mineral supply chain within the United States."
"Old National Bank is pleased to provide financing that empowers American Resources Corporation to pursue innovative and responsible rare earth processing," said Sandy Miller, Senior Director of Business Banking, Old National Bank. "Supporting business growth is vital to building stronger, more vibrant communities, and we're proud to play a role in helping businesses expand and succeed."
Through its affiliation with ReElement Technologies, American Resources has validated the ability to extract and concentrate rare earth elements - including neodymium (Nd), praseodymium (Pr), dysprosium (Dy), terbium (Tb), gadolinium (Gd), and yttrium (Y) from diverse inputs including coal-based byproducts, end-of-life magnet material, lithium-ion battery waste, and manufacturing scrap. The Company also controls more than 120 million tons of pre-mined, fully permitted coal-based byproducts across Kentucky and West Virginia, supported by existing logistic and support infrastructure. These resources enable the fastest speed-to-market and lowest cost domestic pathway for producing high-value rare earth concentrates for conversion into high-purity refined oxides.
This agreement marks another meaningful step in advancing a circular, U.S.-based critical mineral economy. Together with Old National Bank and ReElement Technologies, American Resources is accelerating the recovery, refinement, and reuse of essential materials that support America's industrial base, national security, and long-term economic competitiveness.
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 Old National Bank (NASDAQ:ONB)
Old National Bancorp is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately
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 December 3, 2025?
How will the $5 million credit facility affect AREC's feedstock supply?
Which subsidiary will receive feedstocks funded by the AREC credit facility?
How much pre-mined material does American Resources control for domestic production?
What types of inputs will AREC process into rare earth feedstocks under the credit facility?
Does the announcement specify timing or new revenue guidance for AREC (AREC)?
