Business
American Resources Corporation Reports First Quarter 2023 Financial Results and Provides Business Outlook
The first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets and high-purity battery elements from recycled
About this update from American Resources Corporation
[{"type":"text","content":"The first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets and high-purity battery elements from recycled lithium-based batteriesCompany's patented chromatographic separation and purification process defining itself as the world-leading critical mineral refining technologyCompany has showcased its ability to sustainably produce ultra-high pure lithium carbonate (99.986% pure) from recycled batteries through independent lab analysisExecuting on global expansion and resource diversification strategy to secure partnerships to refine lithium ores from international sourcesCompany to host update conference call today at 4:30 PM ETFISHERS, IN / ACCESSWIRE / May 15, 2023 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\" or the \"Company\"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced financial results for the first quarter of 2023. The Company will host a conference call and webcast, today, May 15, 2023, at 4:30 PM ET (details below).Mark Jensen, Chairman and CEO of American Resources Corporation commented, \"Throughout the first quarter of 2023 we continued to focus on solidifying our strategic positioning within the value chain of our addressable markets. Our ReElement Technologies division continues to be the most exciting enterprise we have ever been a part of as it establishes itself as a world leader in innovative critical mineral refining technology. The critical and rare earth elements we refine are imperative to operate our modern-day technology including electric vehicles, clean energy and defense applications. ReElement's patented chromatographic separation and purification technology addresses the biggest bottleneck within our domestic and global supply chain and we believe innovation in refining is imperative for the United States to compete. Our proven ability to sustainably produce ultra-pure critical mineral products in a smaller, cleaner and lower cost footprint while having the ability to be flexible to the feedstocks we refine is revolutionary not only for the U.S., but also for the entire planet. We are continuing to apply our refining technology as a high-value step within the recycling market,...