StockNews.AI
AREC
StockNews.AI
173 days

American Resources and ReElement Technologies Secure Contract for Multi-Million Dollar Antimony Purification Agreement

1. AREC and ReElement sign a tolling agreement for antimony refining. 2. Initial shipments will be 500 metric tons monthly, targeting defense and commercial sectors.

3m saved
Insight
Article

FAQ

Why Bullish?

The tolling agreement opens new revenue streams, improving AREC's financial outlook. A similar contract previously boosted stock prices for other mining firms.

How important is it?

The new contract signifies a strategic partnership that enhances AREC's market position in the critical minerals sector. This can attract investor interest and support stock price stability.

Why Long Term?

The two-year contract with potential extensions ensures stable revenue for AREC. Past contracts in the mining sector have shown sustained benefits over extended periods.

Related Companies

REEMLACNIO
ReElement has successfully demonstrated its ability to refine antimony ore (stibnite), achieving purity levels exceeding 99.7% for antimony(III) sulfide The tolling agreement will commence with initial shipments of approximately 500 metric tons of stibnite ore per month to American Resources, with anticipated expansion FISHERS, IN / ACCESS Newswire / February 27, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), along with its portfolio company, ReElement Technologies Corporation ("ReElement"), a leading provider of high-performance refining capacity of rare earth and critical battery elements, is pleased to announce that the Company and ReElement have entered into a antimony stibnite tolling agreement for the production of ultra-pure Antimony(iii) sulfide or Antimony(iii) oxide from shipments of stibnite ore shipped to ReElement's central Indiana facilities. The purified antimony will be used to supply the domestic defense and commercial industries based on the two-year contract that automatically extends thereafter.

Related News