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ReElement Technologies and Vulcan Elements Finalize Long-Term Supply Agreement for Rare Earth Oxides to Enable Domestic Magnet Production
ReElement to supply Vulcan with high-purity rare earth oxides (Nd, NdPr, Dy) under a multi-year contract to power domestic rare earth magnet production
About this update from American Resources Corporation
[{"type":"text","content":"ReElement to supply Vulcan with high-purity rare earth oxides (Nd, NdPr, Dy) under a multi-year contract to power domestic rare earth magnet production FISHERS, IN / ACCESS Newswire / August 19, 2025 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\") along with its holding in ReElement Technologies Corporation (\"ReElement\"), a leading U.S. innovator in rare earth element (REE) and critical mineral refining, today announced a binding, long-term supply agreement with U.S.-based magnet manufacturer Vulcan Elements (\"Vulcan\"). Under the agreement, ReElement will supply magnet-grade high-purity heavy and light rare earth oxides - specifically neodymium (Nd), neodymium - praseodymium (NdPr), and dysprosium (Dy) - to support Vulcan's domestic rare earth magnet manufacturing operations.This strategic partnership brings together ReElement's advanced refining capabilities and magnet recycling with Vulcan Elements' rare earth magnet manufacturing capability, establishing a cost-effective and scalable rare earth supply chain entirely within the United States. The collaboration is designed to grow alongside market demand, with both parties working to expand the agreement to scale production.Mark Jensen, CEO of ReElement Technologies commented, \"We're proud to advance our relationship with Vulcan into a multi-year contract that reflects our mutual commitment to building a resilient, U.S.-based rare earth magnet supply chain. Our refining platform enables us to supply separated and purified rare earth oxides at costs comparable to Chinese producers - while being domestically sourced and sustainably processed. We have been working with Vulcan and selling them oxides over the course of this year. Vulcan is a proven innovator and best-in-class manufacturer, with a deep understanding of the defense and commercial magnet markets, and we believe their platform is highly scalable and economically competitive.\"Jensen added, \"We are confident that our refining platform is the key innovation needed to unlock a sustainable midstream segment of the domestic critical mineral supply chain. This partnership further validates our modular approach to scaling. As our partners' demand grows, we're prepared to meet it through distributed, flexible production across our own and partner facilities.\"John Maslin, CEO of Vulcan Element add...