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American Resources Corporation's Electrified Materials Finalizes Agreements for $911,519 Rare Earth and Critical Mineral Recycling Grant from State of Indiana
Electrified Materials Secures State Grant to Advance Rare Earth and Critical Mineral Recycling in Indiana FISHERS, IN / ACCESS Newswire / June 17, 2025 /
About this update from American Resources Corporation
[{"type":"text","content":"Electrified Materials Secures State Grant to Advance Rare Earth and Critical Mineral Recycling in Indiana FISHERS, IN / ACCESS Newswire / June 17, 2025 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\") today announced that its wholly owned subsidiary, Electrified Materials Corporation (\"Electrified Materials\" or \"EMCO\"), has finalized and signed all agreements related to a $911,519 matching grant awarded through the Indiana Department of Environmental Management's Waste Diversion Project.This funding will support the purchase of advanced equipment for the preprocessing and recycling of rare earth magnets, critical minerals, and defense materials. The materials will be refined by ReElement Technologies Corporation (\"ReElement\") as part of a broader effort to establish a collaborative, circular supply chain and help reshore this vital industry to the United States.Electrified Materials currently has access to a 135-acre site in Noblesville, Indiana, where it will expand its operations focused on end-of-life rare earth magnets, lithium-ion batteries, and defense metals-further supporting national security and sustainable domestic production.Mark Jensen, Chairman and CEO of American Resources Corporation commented, \"We're incredibly grateful for the support from the State of Indiana as we continue to build out a collaborative and strategic supply chain for critical minerals - an effort that is essential to both our economic future and national security. I also want to thank our team, and in particular Steven Frankowski, for their dedication in sourcing innovative and collaborative capital solutions that help us grow more efficiently and sustainably. Electrified Materials Corporation, our wholly owned division, is deploying state-of-the-art processes and equipment to break down rare earth magnets, battery materials, and defense metals. These feedstocks are then utilized by ReElement Technologies' industry-leading refining platform to produce high-purity rare earth oxides, battery materials, semiconductor materials, and other critical materials - right here in the heartland of America. I'm proud that our team continues to find creative, low-cost ways to fuel our growth, maintain efficiency, and build a resilient and forward-looking company within this essential sector.\"Electrified Materials is a cutting-e...