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American Resources Corporation and ReElement Technologies' Kentucky Lithium Plant Expands to Produce Separated Rare Earth Oxides from Mine and Coal Waste

1. AREC's ReElement aims to produce ultra-pure rare earth elements from mining waste. 2. The initiative enhances revenue streams through partnerships and financing.

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FAQ

Why Bullish?

This process diversifies revenue; similar initiatives have boosted other mining firms' valuations.

How important is it?

New revenue streams from rare earth production could significantly impact AREC's business model.

Why Long Term?

Sustainable growth expected from new product lines will benefit AREC over time.

Related Companies

REEMLITCATL
Company establishes an economically viable process to produce ultra-pure rare earth elements and valuable byproducts from coal and other mining waste American Resources will collect and concentrate feedstock from mining waste streams to supply ReElement creating revenue streams for both entities FISHERS, IN / ACCESS Newswire / January 29, 2025 / American Resources Corporation (NASDAQ: AREC ) ("American Resources" or the "Company"), through its holding company, ReElement Technologies Corporation ("ReElement"), a leading provider of high-performance refining capacity of rare earth and critical battery elements, announced the expanded initiative at its Kentucky Lithium refinery to enable production of ultra-pure rare earth oxides and other byproducts from coal tailings and other types of mine waste in addition to battery-grade lithium products from spodumene-bearing ores. ReElement Technologies previously announced the closing of $150 million in financing for its Kentucky-based refinery, initially focused on processing lithium from domestic and international suppliers into battery-grade lithium.

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