Business
American Resources Corporation and ReElement Technologies' Kentucky Lithium Plant Expands to Produce Separated Rare Earth Oxides from Mine and Coal Waste
Company establishes an economically viable process to produce ultra-pure rare earth elements and valuable byproducts from coal and other mining wasteAmerican
About this update from American Resources Corporation
[{"type":"text","content":"Company establishes an economically viable process to produce ultra-pure rare earth elements and valuable byproducts from coal and other mining wasteAmerican Resources will collect and concentrate feedstock from mining waste streams to supply ReElement creating revenue streams for both entities FISHERS, IN / ACCESS Newswire / January 29, 2025 / American Resources Corporation (NASDAQ: AREC ) (\"American Resources\" or the \"Company\"), through its holding company, ReElement Technologies Corporation (\"ReElement\"), a leading provider of high-performance refining capacity of rare earth and critical battery elements, announced the expanded initiative at its Kentucky Lithium refinery to enable production of ultra-pure rare earth oxides and other byproducts from coal tailings and other types of mine waste in addition to battery-grade lithium products from spodumene-bearing ores.ReElement Technologies previously announced the closing of $150 million in financing for its Kentucky-based refinery, initially focused on processing lithium from domestic and international suppliers into battery-grade lithium. Today, the company has expanded its focus, leveraging flow sheet efficiencies and feedstock development to economically process and refine coal mine waste containing high-value rare earth elements critical for defense, advanced technologies and magnet manufacturing.American Resources Corporation will utilize its process flow expertise to maximize synergies with ReElement to supply an optimal rare earth concentrated feedstock, initially sourced from its property in Oceana, West Virginia. Previously reported data shows that the Oceana site's pre-concentration contains over 550 ppm of rare earth elements and high levels of aluminum and silicon suitable for the semiconductor and battery industries.Additionally, American Resources plans to expand operations to other controlled regional sites and partner with industry players to provide economically viable processing and environmental solutions for the abundance of mineral-rich mine waste produced.Mark Jensen, Chairman and CEO of ReElement Technologies, states \"This development marks a significant milestone in American Resources and ReElement Technologies evolution showcasing the versatility, flexibility and scalability of our refining technology on the global stage. We are excited to share ...