Business
American Resources Corporation subsidiary American Rare Earth LLC Changes Name to reELEMENT Technologies LLC
Name change better reflects the brand of recycling rare earth and battery elements back to magnet and battery grade products. FISHERS, IN / ACCESSWIRE / June
About this update from American Resources Corporation
[{"type":"text","content":"Name change better reflects the brand of recycling rare earth and battery elements back to magnet and battery grade products. FISHERS, IN / ACCESSWIRE / June 13, 2022 / 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 that its majority-owned American Rare Earth division has changed its name to reELEMENT Technologies LLC. The name change aims to better reflect its mandate of producing and supplying high-purity magnet and battery grade rare earth and critical elements to the domestic supply chain while also focusing on the sustainability of these raw materials. Mark Jensen, CEO of American Resources Corporation commented, \"We are excited to showcase the new brand name of reElement Technologies to the rare earth and battery element electrification marketplace. As we are now at the point of starting our initial production at the first commercial separation and purification facility in the United States, we felt that it would be important to showcase our updated brand image which expands well beyond solely rare earth elements. As we continue to explore expansion within the business, we also wanted a name that reflected more flexibility with downstream or upstream growth opportunities.\" American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.About American Resources CorporationAmerican Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an esse...