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American Resources Corporation reports developments in the U.S. critical mineral supply chain, including upstream and downstream initiatives tied to rare earth elements, critical battery materials and circular feedstock sourcing. Company updates frequently reference its affiliated minority holding in ReElement Technologies, a rare earth and critical mineral refining business serving commercial and defense markets.
Recurring news themes include ReElement refining technology, intellectual property for lithium and mineral separation, customer and strategic-partner discussions, refinery buildout activity, and Electrified Materials recycling, pre-processing and conditioning capacity for magnets, copper, aluminum, ferrous metals and rare earth feedstocks. American Resources also issues shareholder updates on corporate initiatives and subsidiary-level growth platforms.
American Resources Corporation (NASDAQ:AREC) announced plans to spin off its ReElement Technologies subsidiary into a public company and repurchased a 7.5% interest in ReElement, making it a wholly owned subsidiary again. The company aims to enhance shareholder value through this strategic move, submitting a Form 10 with the SEC in the coming 60 days. ReElement's objectives include increasing lithium and rare earth production, expanding recycling operations, and implementing eco-friendly technologies. American Resources aims to optimize operations to support growth in the electrification market.
American Resources Corporation (AREC) announced the approval of a deep cut plan at its Carnegie 1 mine by the Mine Safety and Health Administration (MSHA). This enhancement is expected to increase production by 30% per shift and reduce maintenance costs. The company has strategically restructured its assets to optimize growth and minimize legacy costs, positioning its operations for high-quality, sustainable production. The McCoy Elkhorn Complex, which includes modern processing plants, is central to this expansion, aiming to enhance both safety and efficiency in line with market demands.
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American Resources Corporation (NASDAQ:AREC) announced that its subsidiary, ReElement Technologies, is set to begin initial commercial production of battery-grade materials—including high-purity lithium, cobalt, and nickel—within the next 45 days. The production will utilize a newly acquired isolation and purification production train at its facility in Noblesville, Indiana. ReElement aims to meet the growing U.S. demand for battery materials through innovative recycling methods. The company has also increased its magnet production capacity and is developing a larger critical minerals facility.
Bob Galyen, a veteran of the battery industry with 46 years of experience, joins American Resources Corporation's ReElement Technologies as an advisory board member. His past roles include CTO of CATL, where he contributed to its rise as the largest lithium battery manufacturer. CEO Mark Jensen emphasizes Galyen's industry expertise and relationships, which will aid in scaling ReElement’s innovative lithium-ion battery recycling technology. The company aims to reduce U.S. dependence on foreign minerals while promoting a zero-waste circular economy.
American Resources Corporation (NASDAQ:AREC) announced a Memorandum of Understanding (MOU) with USA Rare Earth Magnets to supply recycled rare earth oxides for magnet manufacturing in Stillwater, Oklahoma. This partnership aims to create a fully domestic supply chain for rare earth magnets, supporting U.S. manufacturing. The Stillwater facility is set to be the first of its kind in the U.S., with plans for production to begin in 2023. The initiative will utilize recycled materials from end-of-life products, enhancing sustainability in the supply chain.
American Resources Corporation (NASDAQ:AREC) plans to establish a new recycling facility for lithium-ion batteries and rare earth magnets by 2025, targeting an annual capacity of 90,000 tons of battery black mass and 5,000 tons of rare earth magnets. Site options are narrowed to Indiana or West Virginia, with engineering already underway. The facility will utilize patented chromatography technology for high-purity material production. The initiative aligns with growing demand for domestically sourced materials, driven by the Inflation Reduction Act and electric vehicle adoption.
American Resources Corporation (NASDAQ:AREC) has announced a partnership with RecycleForce to create the first commercial-scale facility for rare earth elements and critical battery materials in the U.S. The partnership aims to source end-of-life products for rare earth and battery elements, which will be processed by ReElement Technologies. This initiative seeks to reduce the dependency on foreign sources and enhance the domestic supply chain while providing job training and employment opportunities for disadvantaged communities. The innovative technology will contribute to environmental sustainability and efficient recycling.
American Resources Corporation (NASDAQ:AREC) announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference, held from September 12-14, 2022, in New York and virtually. Mark LaVerghetta, VP of Corporate Finance and Communications, will present at the conference. The company aims to engage with qualified investors through one-on-one meetings. A video of the presentation will be available on-demand for registered attendees starting September 12. American Resources focuses on providing carbon, rare earth, and critical elements for the electrification market.
American Resources Corporation (NASDAQ:AREC) announced its participation at The Battery Show North America from September 13-15, 2022, in Novi, Michigan. Key executives from its subsidiary, ReElement Technologies, will attend the event to showcase their innovative processes for producing battery-grade materials from recycled sources.
With the recent Inflation Reduction Act, there is heightened interest in domestic supply chains for battery materials. ReElement aims to reduce reliance on foreign sources and foster a circular economy in the electrified market.