Business
American Resources Corporation Receives Final Permit Approval for Its First Rare Earth and Critical Element Purification and Isolation Facility
Company's facility currently being constructed in Noblesville, IN will be the first commercial scale facility in the United States able to isolate and purify
About this update from American Resources Corporation
[{"type":"text","content":"Company's facility currently being constructed in Noblesville, IN will be the first commercial scale facility in the United States able to isolate and purify rare earth and battery metals from a multitude of feedstocksCompany's patented chromatography process and facilities will eliminate the dependency on China for the final stage of critical and rare earth metal refiningCompany's purification process is establishing and defining a competitive, domestic supply chain for battery and rare earth magnet metals which are at the heart of the electric vehicle and clean energy movementFISHERS, IN / ACCESSWIRE / November 23, 2021 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\" or the \"Company\"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced another milestone for its American Rare Earth division in receiving the final permit approval for its initial rare earth and critical element isolation and purification facility currently being constructed in Noblesville, Indiana.The facility will be the Company's first as it continues to execute on its innovative objectives to help establish a competitive, domestic supply chain using the most economically viable and environmentally safe methods ever developed to isolate and purify critical and rare earth elements (REE). As demonstrated in its success in recycling rare earth magnet metals and battery metals using its patented chromatography technology and processes, American Rare Earth will be able to commercially process these high-value raw materials to a 99%+ purity level to be used again in the manufacturing of new products for the electrification marketplace.Mark Jensen, CEO of American Resources Corporation commented, \"As we continue to execute on our objective of leading the United States to commercially process critical and rare earth elements and bringing real and impactful solutions to our domestic supply chain, we are glad to be able to communicate this incremental milestone. Having the ability to work with our local representatives to efficiently procure our permits is key and helps us meet our overall goals. Additionally, our ability to efficiently navigate the permitting process highlights our chromatography process and facility's environmentally safe nature, and e...