Business
American Resources Corporation's ReElement Technology Secures Manufacturing Readiness Grant from Indiana Economic Development Corporation
The grant is being used to commercialize its first lithium refining (separation and purification) production train for end-of-life batteries, battery
About this update from American Resources Corporation
[{"type":"text","content":"The grant is being used to commercialize its first lithium refining (separation and purification) production train for end-of-life batteries, battery manufacturing waste and lithium oresFISHERS, IN / ACCESSWIRE / November 10, 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 it has been awarded a $200,000, state-level, advanced manufacturing grant from the Indiana Economic Development Corporation for its patented critical battery element purification and separation technology being commercialized in Noblesville, Indiana.Chris Moorman, CCO of ReElement Technologies commented, \"This is a great vote of confidence and support from the Indiana Economic Development Corporation. Indiana's investments into action-oriented organizations like Connexus and the Battery Innovation Center are paying real dividends for Hoosiers by creating high-quality jobs for the new economy in Indiana. Our state has built an ecosystem that has put Indiana in pole position to create a truly circular supply chain for the electrified economy. We have already demonstrated that our technology performs better at commercial scale than in the lab for rare earth elements, and now we are weeks away from showcasing this technology for producing high-value battery grade lithium from multiple feedstocks. As we move forward, our plan is to scale aggressively at our site in Indiana as well as pursuing strategic collocated sites throughout the world to provide a more cost efficient and environmentally sustainable method to lithium refinement for our partners, compared to hydrometallurgical (solvent) extraction.\"The Company's battery material production train utilizes its recently announced, patented multi-mode chromatography technology that is fully permitted to operate at its first Noblesville, Indiana facility. With its launch and scale, this innovative technology will uniquely capitalize on the demand for battery grade elements by processing end-of-life batteries and battery manufacturing waste for multiple battery chemistries as well as lithium-based ores. The multi-mode chromatography process and technology has proven...