Business
American Resources Corporation and ReElement Technologies Expands South African-Based Supply Partnership to Refine Antimony-Bearing Ore for Defense and Commercial Markets
The Company and ReElement have received antimony ore representing a concentration of greater than 50%In conjunction with the partnership, ReElement is
About this update from American Resources Corporation
[{"type":"text","content":"The Company and ReElement have received antimony ore representing a concentration of greater than 50%In conjunction with the partnership, ReElement is developing an optimized flow sheet to refine high-purity antimony(III) sulfide or antimony(III) oxide in the United States for commercial and defense applications FISHERS, IN / ACCESS Newswire / January 31, 2025 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\" or the \"Company\"), along with its holding in ReElement Technologies Corporation (\"ReElement\"), a leading provider of high-performance refining capacity of rare earth and critical battery elements, has announced the expansion of their partnership with a previously announced South African-based mineral supplier for the sourcing and refining / tolling of antimony-bearing ore to produce high-purity antimony(III) sulfide or antimony(III) oxide for applications in the battery industry, fire retardants, munitions and other high value commercial and defense sectors.Mark Jensen, CEO of American Resources Corporation and ReElement Technologies Corporation commented, \"Our approach of catalyzing and synthesizing a robust domestic supply chain through innovative, midstream refining solutions continue yield tremendous results, enabling us to effectively source critical, rare earth and other defense elements that are urgently needed in the United States and allied nations. Today, we are excited to announce our expanded partnership with an exclusive source of antimony-bearing ore feedstock. We have received and assayed the material, confirming it to be of exceptional high grade. Based on our ongoing development work, we anticipate a very cost-effective refining process to produce ultra-pure commercial products. Given our current operational focus and daily production of both light and heavy rare earth elements, along with other critical minerals in ultra-pure commercial forms, we had not initially prioritized antimony production. However, China's recent ban on exports of antimony, germanium and gallium accelerated this opportunity, allowing us to showcase the versatile, scalability and flexibility of our technology on a global scale - filling the supply gap now present in the United States and other allied nations.\"Antimony(III) oxide and antimony(III) sulfide are the most commercially significant compounds of an...