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American Resources Corporation’s ReElement Technologies Achieves Greater than 99.5% Purity of Separated Rare Earth Elements from Ore Feedstock
Company produces greater than 99.7% Neodymium (Nd) and 99.9% pure Neodymium / Praeseodymium (NdPr) from a rare earth ore concentrated feedstockReElement
About this update from American Resources Corporation
[{"type":"text","content":"Company produces greater than 99.7% Neodymium (Nd) and 99.9% pure Neodymium / Praeseodymium (NdPr) from a rare earth ore concentrated feedstockReElement confirms that mixed rare earth concentrates from both natural ore and recycled magnets are highly economical at both small and large scale in today's market FISHERS, IN / ACCESSWIRE / July 31, 2024 / American Resources Corporation's (NASDAQ:AREC) (\"American Resources\" or the \"Company\") wholly owned subsidiary, ReElement Technologies Corporation, (\"ReElement\") a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today that it has demonstrated its technology in the separation and purification of rare earth ores to produced separated and purified rare earth elements at magnet grade. The demonstration process was conducted from an ore concentrate provided by a partner to showcase the Company's ability to extract, separate and purify the high-value elements in the ore body that can supply the rare earth magnet supply chain.Mark Jensen, CEO of ReElement Technologies said, \"Our team has mobilized quickly on a very large and attractive opportunity in the rare earth ore separation and purification market. With today's announcement we have demonstrated our teams ability to separate and purify magnet-grade rare earth elements cost effectively from rare earth ore concentrate. We announced our expansion to all feedstocks in April of this year and have quickly been turning around customer samples that are looking for a more cost effective and environmentally friendly method to sperate and purify rare earth elements from ores that do not utilize a solvent extraction process in the separation and purification phase of the refining process. The solvent extraction process, largely utilized today in China, has proven to be very challenging to deploy outside of China due to the process's severe environmental impact, high CapEx and OpEx requirements and limited flexibility. Today, we are excited to share the high efficacy of our technology platform to achieve the desired results with natural ores, but that we can deploy anywhere in the world due to our platform's cost and operating efficiencies and environmental safety. We look forward to scaling our production capacity in Marion, Indiana with our initial production trains being focus...