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American Resources Corporation's Electrified Materials Awarded Recycling Grant from State of Indiana

1. AREC's subsidiary receives $911,519 grant for rare earth materials recycling. 2. The initiative promotes job creation and domestic supply chain sustainability.

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FAQ

Why Bullish?

The grant indicates governmental support, enhancing AREC's operational capacity, similar to past funding boosts for green initiatives.

How important is it?

The grant significantly enhances AREC's profile in the recycling industry, likely leading to future growth and partnerships.

Why Long Term?

Establishing sustainable practices can lead to growth and stability in revenues over time, akin to trends in renewable energy.

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$911,519 grant awarded for cutting-edge equipment for the recycling of rare earth magnets and battery materials Indiana's Recycling Market Development Program awards grants to innovative projects in the recycling sector Electrified Materials Corporation will expand its preprocessing of end-of-life rare earth magnets, lithium-ion batteries and ferrous metals, ensuring a sustainable domestic supply chain for copper, aluminum, steel, plastic and critical minerals FISHERS, IN / ACCESS Newswire / March 10, 2025 / American Resources Corporation's (NASDAQ:AREC) ("American Resources") announced that its wholly-owned subsidiary, Electrified Materials Corp ("Electrified Materials" or "EMCO"), has been awarded a $911,519 matching grant under the Indiana Department of Environmental Management's Waste Diversion Project. This initiative aims benefit Indiana's economy by expanding recycling infrastructure for recycling, creating jobs, and addressing supply chain challenges.

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