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American Resources Corporation's ReElement Technologies Commences Daily Production of Purified Rare Earths Elements To Solve Domestic Supply Chain
Company is producing both light (Nd, Pr) and heavy rare earths (Dy, Tb) at 99.5%+ purityUtilizing its proprietary technology at its Noblesville, IN Customer
About this update from American Resources Corporation
[{"type":"text","content":"Company is producing both light (Nd, Pr) and heavy rare earths (Dy, Tb) at 99.5%+ purityUtilizing its proprietary technology at its Noblesville, IN Customer Qualification Plant to produce purified products for customers' orders while equipment is being ordered for Marion Advanced Technology Center for additional growth of magnet recycling and rare earth ore processingCompany increases scale and efficiencies at its Noblesville Customer Qualification Plant through process automation FISHERS, IN / ACCESSWIRE / October 9, 2024 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\" or the \"Company\") announced today that its wholly owned subsidiary, ReElement Technologies Corporation (\"ReElement\"), a leading provider of high-performance refining capacity for rare earth and critical battery elements, is expanding to produce rare earth oxides on a daily basis for existing customer orders in addition to its daily production of lithium carbonate at its Noblesville Customer Qualification Plant. This expansion at its Noblesville Plant is occurring as the Company starts the build out phase of its large-scale Marion, IN Advanced Technology Center. ReElement will produce both light and heavy rare earth oxides for customer deliveries, in its Noblesville Plant, while it expands its footprint and capabilities in Marion, IN. Furthermore, ReElement recently integrated process automation and autonomous chromatographic column operations allowing the Company to increase capacity by approximately 3-times without additional labor cost.Mark Jensen, CEO of ReElement Technologies said, \"We are thankful for our teams ability to quickly mobilize to meet the needs of our customers. We were presented with an opportunity with a customer that needs product this year which required us to combine forces in our Noblesville plant to continually expand lithium carbonate production while sharing space with our rare earth oxide refining line. There is nobody else in the world producing battery-grade lithium carbonate and magnet-grade rare earth oxides (heavy and light) out of the same facility and most importantly, we are confident that nobody can compete with our commercial scale cost structure. Our ability to quickly respond to the needs of the critical mineral markets showcases the efficiency of our platform technology and the necessary attribut...