Business
American Resources Corporation's Rare Earth Division Partners with IN3 for Industry and Supply Chain Collaboration
IN3 to provide valuable advice and industry connections to American Rare Earth to address domestic supply chain, sustainability and national security
About this update from American Resources Corporation
[{"type":"text","content":"IN3 to provide valuable advice and industry connections to American Rare Earth to address domestic supply chain, sustainability and national security challengesFISHERS, IN / ACCESSWIRE / March 2, 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 the Company's subsidiary, American Rare Earth LLC (\"American Rare Earth\" or \"ARE\"), has partnered with IN3 (Indiana Innovation Institute), a leading applied research institute and collaborative organization, to help expand its industry relationships and further secure inroads to promote American Rare Earth's commercial production of critical and rare-earth elements such as lithium, cobalt, nickel, neodymium, praseodymium and dysprosium at its production facilities.IN3 is composed of top leaders from academia, government and industry. Its leadership and board of directors comprises industry, academic and political leaders from throughout Indiana and the United States. IN3 streamlines processes and facilitates partnerships so innovations can be completed while the need remains strong. IN3 builds research teams from across its network that increase opportunities to win major grants and contracts. Its vast resources and network of partners include some of the top laboratories, research facilities and talent in the nation and enables them tomanage complex technology projects from start to finish. That includes identifying viable tech options, collaborating with new partners from industry, academia and government, and pairing with subject matter experts - all to transform ideas into results.Stephen E. Kelly, IN3 President and CEO, commented, \"We are excited about providing added value to American Rare Earth's processes and technologies. With the growing importance of securing critical metals and elements domestically, and the rapidly growing demand for these materials for electric motors and batteries, American Rare Earth has a technology key to this sector, and IN3 is excited to be a part of it and extend our expertise to help them grow.\"Mark Jensen, CEO of American Resources commented, \"IN3 is exactly the kind of organization we look to...