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) has announced a registered direct offering, selling 8,600,000 shares of common stock and 4,300,000 warrants for approximately $30.1 million in gross proceeds. The warrants can be exercised immediately at an exercise price of $3.50 per share, expiring in five years. This offering is conducted under an effective shelf registration statement filed with the SEC. The funds from this offering are aimed at supporting the company's growth in the infrastructure and electrification markets.
American Resources Corporation (NASDAQ:AREC) has partnered with Purdue University to successfully isolate and purify Neodymium at a remarkable 99.5% purity. This achievement utilizes the company's proprietary ligand assisted displacement (LAD) chromatography technology, converting recycled waste permanent magnets into high-quality rare earth elements. CEO Mark Jensen emphasizes the significance of this milestone for the domestic supply chain as global demand for rare earth elements rises over 12% annually. The company is advancing its REE purification technology for various feedstocks.
American Resources Corporation (NASDAQ:AREC) will be featured on The RedChip Money Report on Bloomberg Network on May 22nd at 7 p.m. local time. CEO Mark Jensen will discuss milestones and the company's commitment to producing high-quality raw materials for the infrastructure and electrification markets, focusing on metallurgical carbon, critical minerals, and recycling. The company operates mainly in the Central Appalachian basin, where it sources premium materials. View the segment here.
American Resources Corporation (NASDAQ: AREC) has appointed a project manager for its 2kW mobile electrolytic cell rare earth element (REE) processing plant, marking a key step towards commercialization. The project manager will work at Texas Tech University's Innovation Hub, collaborating with the institution's sponsored research program. The facility is expected to be operational by Q4 2021. This initiative aligns with American Resources' commitment to sustainable raw material supply for electrification, aiming to maximize value for investors while reducing legacy costs.
American Resources Corporation (NASDAQ:AREC) has announced it will report its first quarter 2021 financial results on May 12, 2021. The management will host a conference call at 4:30 PM ET that day to discuss the results and provide a business outlook. The company focuses on sustainable resource supply for the infrastructure and electrification markets, particularly in metallurgical carbon and rare earth minerals. Investors can join the call via phone or webcast, with an audio replay available afterward.
American Resources Corporation (NASDAQ:AREC) has expanded its partnership with Purdue University to enhance rare earth element purification technology. Building on prior successes, the expansion includes refining processes to recycle critical materials from lithium-ion batteries and coal byproducts. The company aims to establish a sustainable supply chain for rare earth elements and focuses on the recycling of waste products from electric vehicles and other technologies. This initiative positions American Resources as a key player in the U.S. market for rare earth elements, enhancing its operational efficiency and growth potential.
American Resources Corporation (AREC) has been selected as a member of the CORE-CM consortium led by Penn State, securing a $1.2 million grant from the Department of Energy. This initiative aims to assess and recover rare earth elements and critical minerals from waste streams in Northern Appalachia. The company, which has acquired 16 patents for producing REEs and critical minerals, aims to commercialize its Capture - Process - Purify technology. CEO Mark Jensen emphasized the partnership's role in strengthening the domestic supply chain for these essential resources.
Novusterra Inc. has expanded its operational capabilities by hiring key personnel to develop a graphene and carbon nanotube supply chain. The new hires include Michael Laub as Director of Sales, Gloria Lynch as Director of Purchasing, and Evelyn Nichols as a marketing consultant. CEO Andrew Weeraratne emphasized the company's commitment to driving growth in the graphene market. Novusterra aims to harness low-cost carbon-based feedstock for high-tech applications in energy storage and water filtration, leveraging patents through a sublicense with American Resources Corporation (AREC).
American Resources Corporation (NASDAQ:AREC) is advancing its fly ash sampling program to extract critical rare earth elements (REEs) using innovative electrolysis technology. This approach aims to monetize coal waste while addressing environmental concerns. CEO Mark Jensen emphasized the project's cost-effectiveness and scalability, differentiating their process in the market. The company is currently sampling multiple fly ash deposits across North America and plans to deploy a mobile electrolytic facility by Q4 2021. This initiative aligns with their strategy to supply sustainable raw materials for infrastructure and electrification.
Novusterra Inc. has appointed Dr. Byron E. Price as an Independent Director, aiming to enhance its business in graphene applications within water filtration and energy storage. Dr. Price, a seasoned academic with extensive international experience, will support Novusterra's expansion strategies. CEO Andrew Weeraratne expressed excitement about Dr. Price's solutions-driven approach. Novusterra's technology leverages low-cost coal feedstock for environmentally friendly graphene production, supported by patents licensed from American Resources Corporation (NASDAQ:AREC).