American Resources Corporation Selected by U.S. Department of Energy for Award Negotiations to Advance Critical Mineral Recovery from Coal-Based Feedstocks

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Consortium Project Will Evaluate an Integrated, High-TRL Processing Strategy to Recover Rare Earth Elements and Other Critical Materials from Domestic Coal Byproducts FISHERS, IN / ACCESS Newswire / July 9, 2026 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a leader in the critical mineral supply chain, today announced that the Company has been selected by the U.S. Department of Energy ("DOE") for award negotiations under the Mines & Metals Capacity Expansion - Piloting Byproduct Critical Minerals and Materials Recovery at Domestic Industrial Facilities funding opportunity.American Resources is one of five organizations selected under Topic Area 1: Mines & Metals Pilots - Coal-Based Industry. The program is intended to support pilot-scale facilities capable of recovering rare earth elements and other critical materials from coal and coal-based feedstocks at domestic industrial sites.American Resources will lead a consortium-based project focused on advancing an integrated processing approach for the recovery and production of rare earth elements and other critical materials from unconventional domestic feedstocks, including coal-based byproducts. ReElement Technologies Corporation ("ReElement"), in which American Resources maintains a minority ownership interest, is a member of the consortium team and is expected to contribute its advanced refining and separation capabilities to the project.The consortium's approach is designed to evaluate and sequence existing, high-technology-readiness-level unit operations that can efficiently concentrate, condition and prepare complex coal-based feedstocks for downstream separation and purification. The project is expected to focus on establishing the most effective front-end processing pathway to produce feedstock streams suitable for advanced refining technologies, including ReElement's chromatographic separation platform."American Resources has spent years developing a practical understanding of the opportunity within coal-based byproducts and other unconventional domestic feedstocks," stated Mark C. Jensen, Chairman and Chief Executive Officer of American Resources Corporation. "The challenge is not simply identifying where critical minerals occur. The challenge is establishing an economically viable process flow that can efficiently recover, concentrate, separate and refi...

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