Latest news with #MREC
Barnama
3 days ago
- Business
- Barnama
Lynas, Kelantan Ink MoU For Mixed Rare Earths Carbonate Supply
KUANTAN, May 30 (Bernama) – Lynas Rare Earths Ltd and the Kelantan state government's investment arm, Menteri Besar Incorporated (MB Inc), have signed a memorandum of understanding (MoU) for the supply of mixed rare earths carbonate (MREC). In a statement today, Lynas said the MoU is non-binding and remains subject to the negotiation and finalisation of definitive agreements. It said the memorandum outlines a framework for both parties to strengthen, promote and develop cooperation to advance the Malaysian rare earths industry in Kelantan. 'It also provides a basis for MB Inc and Lynas to negotiate a definitive agreement for the supply of MREC feedstock to the Lynas Malaysia Advanced Materials Plant in Kuantan once the project commences production,' it added. Lynas Rare Earths chief executive officer and managing director Amanda Lacaze said Malaysia is already recognised as a rare earths centre of excellence through Lynas' operations, and the MoU marks a significant step towards developing locally sourced and separated rare earth products. 'Lynas is delighted to sign this MoU with the Kelantan state government's MB Inc. This is a significant step for Lynas and the Malaysian rare earths industry, bringing together Lynas Malaysia's over a decade of rare earths industry expertise and Kelantan state's rare earth resources,' she said. Lacaze noted that Malaysia's ionic clay deposits have strong potential as future feedstock for Lynas Malaysia, particularly due to the high concentration of heavy rare earths, which are in demand for advanced technologies such as electric vehicles and electronics. 'We look forward to working closely with MB Inc to ensure that the MREC produced meets the high environmental and technical standards required by Lynas and our customers across Malaysian and global manufacturing supply chains,' she added. -- BERNAMA
The Star
3 days ago
- Business
- The Star
Lynas, Kelantan ink MoU for mixed rare earths carbonate supply
KUANTAN: Lynas Rare Earths Ltd and the Kelantan state government's investment arm, Menteri Besar Incorporated (MB Inc), have signed a memorandum of understanding (MoU) for the supply of mixed rare earths carbonate (MREC). In a statement today, Lynas said the MoU is non-binding and remains subject to the negotiation and finalisation of definitive agreements. It said the memorandum outlines a framework for both parties to strengthen, promote and develop cooperation to advance the Malaysian rare earths industry in Kelantan. "It also provides a basis for MB Inc and Lynas to negotiate a definitive agreement for the supply of MREC feedstock to the Lynas Malaysia Advanced Materials Plant in Kuantan once the project commences production,' it added. Lynas Rare Earths chief executive officer and managing director Amanda Lacaze said Malaysia is already recognised as a rare earths centre of excellence through Lynas' operations, and the MoU marks a significant step towards developing locally sourced and separated rare earth products. "Lynas is delighted to sign this MoU with the Kelantan state government's MB Inc. This is a significant step for Lynas and the Malaysian rare earths industry, bringing together Lynas Malaysia's over a decade of rare earths industry expertise and Kelantan state's rare earth resources,' she said. Lacaze noted that Malaysia's ionic clay deposits have strong potential as future feedstock for Lynas Malaysia, particularly due to the high concentration of heavy rare earths, which are in demand for advanced technologies such as electric vehicles and electronics. "We look forward to working closely with MB Inc to ensure that the MREC produced meets the high environmental and technical standards required by Lynas and our customers across Malaysian and global manufacturing supply chains,' she added. - Bernama
Malay Mail
3 days ago
- Business
- Malay Mail
Lynas, Kelantan join forces to tap local rare earths for Kuantan plant
KUANTAN, May 30 — Lynas Rare Earths Ltd and the Kelantan state government's investment arm, Menteri Besar Incorporated (MB Inc), have signed a memorandum of understanding (MoU) for the supply of mixed rare earths carbonate (MREC). In a statement today, Lynas said the MoU is non-binding and remains subject to the negotiation and finalisation of definitive agreements. It said the memorandum outlines a framework for both parties to strengthen, promote and develop cooperation to advance the Malaysian rare earths industry in Kelantan. 'It also provides a basis for MB Inc and Lynas to negotiate a definitive agreement for the supply of MREC feedstock to the Lynas Malaysia Advanced Materials Plant in Kuantan once the project commences production,' it added. Lynas Rare Earths chief executive officer and managing director Amanda Lacaze said Malaysia is already recognised as a rare earths centre of excellence through Lynas' operations, and the MoU marks a significant step towards developing locally sourced and separated rare earth products. 'Lynas is delighted to sign this MoU with the Kelantan state government's MB Inc. This is a significant step for Lynas and the Malaysian rare earths industry, bringing together Lynas Malaysia's over a decade of rare earths industry expertise and Kelantan state's rare earth resources,' she said. Lacaze noted that Malaysia's ionic clay deposits have strong potential as future feedstock for Lynas Malaysia, particularly due to the high concentration of heavy rare earths, which are in demand for advanced technologies such as electric vehicles and electronics. 'We look forward to working closely with MB Inc to ensure that the MREC produced meets the high environmental and technical standards required by Lynas and our customers across Malaysian and global manufacturing supply chains,' she added. — Bernama
New Straits Times
3 days ago
- Business
- New Straits Times
Lynas, Kelantan ink MoU to develop rare earths supply chain
KUALA LUMPUR: Lynas Rare Earths Ltd has entered into an agreement with the Kelantan state government for the supply of mixed rare earths carbonate (MREC). In a statement today, Lynas said the memorandum of understanding (MoU) with Menteri Besar Inc, the investment arm of the Kelantan state government, is non-binding and subject to the negotiation of definitive agreements. Under the MoU, Lynas and Menteri Besar Inc jointly seek to strengthen, promote and develop co-operation for the growth of the Malaysian rare earths industry in the state of Kelantan. It also provides a framework for Menteri Besar Inc and Lynas to negotiate a definitive agreement for the supply MREC feedstock to the Lynas Malaysia advanced materials plant in Kuantan once the project commences production. Lynas Rare Earths chief executive officer and managing director Amanda Lacaze said this is a significant step for Lynas and the Malaysian rare earths industry, bringing together Lynas Malaysia's over a decade of rare earths industry expertise, and Kelantan state's rare earth resources. She added that through Lynas, Malaysia is recognised as a rare earths centre of excellence. "This MoU will see us work with Menteri Besar Inc to develop Malaysia's locally sourced and separated rare earth products. "Malaysia's ionic clay deposits have excellent potential as future feedstocks for Lynas Malaysia, particularly given their high proportion of heavy rare earths which are in demand for future facing technologies including electric vehicles and electronics. "We look forward to working with MB Inc. to ensure that the MREC it produces meets the high environmental and technical standards required by Lynas and our customers in Malaysian and global manufacturing supply chains," she noted.
Associated Press
14-05-2025
- Business
- Associated Press
American Resources Corporation's Electrified Materials Receives RCRA Permit for Recycling Batteries and Rare Earth Magnets
Electrified Materials recycles lithium ion batteries and rare earth magnet material to create MREC and Battery Black Mass from end-of-life and non-spec products The permit enables Electrified Materials to monetize copper, aluminum and ferrous metals along with critical minerals and rare earth elements at its Noblesville, IN site FISHERS, IN / ACCESS Newswire / May 14, 2025 / American Resources Corporation's (NASDAQ: AREC ) ('American Resources') announced that its wholly-owned subsidiary, Electrified Materials Corp ('Electrified Materials' or 'EMCO'), has received its Resource Conservation and Recovery Act (RCRA) permit issued by the Environmental Protection Agency (EPA) and the Indiana Department of Environmental Management (IDEM). This permit enable EMCO to preprocess and recycle products containing end-of-life lithium-ion batteries and rare earth magnets to produce critical mineral concentrates that will be supplied to ReElement Technologies to be refined into magnet and battery-grade materials for the domestic defense and commercial supply chains. Mark Jensen, Chairman and CEO of American Resources Corporation commented, 'The full life cycle solution we've created provides a streamlined and collaborative platform to efficiently return critical minerals, rare earth elements, and defense metals back into the domestic supply chain. Securing this permit-along with the installation of our power and substation at our Noblesville, Indiana site-marks a key milestone in scaling our recycling and refining partnership with ReElement Technologies. Together, our ecosystem of incubated companies now delivers the first truly comprehensive circular lifecycle solution in the United States capable of processing and refining end-of-life and off-spec products into high-purity (99.5% to 99.999%) critical materials, rare earths, and defense metals. This permit, combined with the $900,000+ grant from the State of Indiana and our strategic alignment with ReElement, will accelerate our expansion and strengthen our domestic footprint.' Mark Jensen further added, 'Many early market entrants deployed underdeveloped processes that ultimately lacked scalability or efficiency. Today, our preprocessing (recycling) technologies have been significantly refined - making them safer, more efficient, and more versatile than ever. We're excited to demonstrate a solution that can be scaled and replicated in other states and countries currently under evaluation.' Electrified Materials (EMCO) is a next-generation recycler focused on supporting the electrified economy by processing used minerals and metals into new steel-based, battery-grade, and magnet-grade products. Operating across the U.S., EMCO traces its roots to reclaiming former thermal coal mines and industrial sites. By leveraging regional logistics and infrastructure, and through its strategic partnership with ReElement Technologies - a leader in critical mineral refining - EMCO is expanding into high-growth markets for used steel, rare earth elements, and key battery and defense materials. The company is also committed to remediating legacy mining infrastructure. EMCO will preprocess end-of-life materials such as wind turbines, EV motors, lithium-ion batteries, consumer electronics, and e-waste, delivering concentrated critical minerals to ReElement for final refinement into manufacturing-grade products ready to reenter the domestic supply chain. About American Resources Corporation American Resources Corporation (NASDAQ:AREC) is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The American Resources is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated. American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit or connect with the American Resources on Facebook, Twitter, and LinkedIn. About Electrified Materials Corporation Electrified Materials Corporation ('EMCO') was formed by, and is a wholly-owned subsidiary of, American Resources Corp (Nasdaq: AREC). EMCO is a cutting-edge recycler of metals for the electrified economy. It controls the preprocessing of both end of life magnets, batteries and ferrous metals that enables EMCO to ensure a domestic supply chain for copper, aluminum, steel, plastic as well as rare earth and battery elements through its refining partnership with ReElement Technologies Corp. Special Note Regarding Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words 'believes', 'may', 'will', 'should', 'would', 'could', 'continue', 'seeks', 'anticipates', 'plans', 'expects', 'intends', 'estimates', or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved. Investor Contact: JTC Team, LLC Jenene Thomas (908) 824 - 0775 [email protected] Company Contact: Mark LaVerghetta 317-855-9926 ext. 0 [email protected] SOURCE: American Resources Corporation press release
