Business
American Resources Corporation Secures $5 Million Credit Facility with Old National Bank to Procure Rare Earth and Critical Mineral Feedstocks
$5 Million Credit Facility Positions American Resources to Expand Critical Mineral Feedstock Supply and Advance U.S. Circular Economy InitiativesFacility
About this update from American Resources Corporation
[{"type":"text","content":"$5 Million Credit Facility Positions American Resources to Expand Critical Mineral Feedstock Supply and Advance U.S. Circular Economy InitiativesFacility Strengthens Feedstock Supply for Domestic Rare Earth & Critical Mineral Refining Through ReElement Technologies FISHERS, IN / ACCESS Newswire / December 3, 2025 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\" or the \"Company\"), a leader in the critical mineral supply chain developing innovative solutions for the extraction, processing and recycling of rare earth elements and critical minerals from sustainable sources, today announced it has secured a $5 million inventory line of credit with Old National Bank.The credit facility enables American Resources to finance the procurement of end-of-life material, manufacturing scrap, ores and concentrated to be processed into high-value mineral feedstock. These feedstocks will be supplied to ReElement Technologies - American Resources' minority-owned subsidiary and a leading U.S. refiner - for advanced separation, purification, and refinement into domestic, high-purity rare earth and critical mineral products.\"This collaboration with Old National Bank provides us with the liquidity and flexibility to accelerate our feedstock acquisition strategy and expand the material entering ReElement Technologies' refining platform,\" said Kirk Taylor, Chief Financial Officer of American Resources Corporation. \"Old National's long-standing commitment to supporting regional growth and innovative industries aligns directly with our mission to build a secure, sustainable and globaly competitive critical mineral supply chain within the United States.\"\"Old National Bank is pleased to provide financing that empowers American Resources Corporation to pursue innovative and responsible rare earth processing,\" said Sandy Miller, Senior Director of Business Banking, Old National Bank. \"Supporting business growth is vital to building stronger, more vibrant communities, and we're proud to play a role in helping businesses expand and succeed.\"Through its affiliation with ReElement Technologies, American Resources has validated the ability to extract and concentrate rare earth elements - including neodymium (Nd), praseodymium (Pr), dysprosium (Dy), terbium (Tb), gadolinium (Gd), and yttrium (Y) from diverse inputs including coal-ba...