Latest news with #ReElementTechnologies
Yahoo
2 days ago
- Business
- Yahoo
Novare Holdings invests in ReElement to expand rare earth refining in Indiana
American Resources, through its subsidiary ReElement Technologies, has secured an anchor investment from South African investment firm Novare Holdings. This strategic funding is set to catalyse a significant expansion of rare earth element refining operations in Marion, Indiana, US. The investment from Novare will unlock approximately $150m in financing, combining equity and debt, to enhance ReElement's refining capabilities at its 42-acre site. This site, formerly the RCA-Thomson television factory, is being transformed into an advanced manufacturing hub. ReElement Technologies CEO and chairman Mark Jensen said: 'This is a historic moment. With Novare as our anchor investor, we are not just expanding capacity – we are reshaping the global critical minerals supply chain. 'Together, we are proving that African capital can invest in America's best technology, and that same technology can deliver lasting value back to Africa. The former RCA factory in Marion will once again power American industry, and Africa will rise as a full participant in high-value mineral processing.' ReElement's patented chromatographic separation technology, developed in collaboration with Purdue University, enables the production of ultra-pure light and heavy rare earth oxides. The new capital injection will allow ReElement to boost its output of these high-purity elements, which are crucial for advanced technologies in commercial and defence sectors. Novare's investment not only supports US technological growth but also sets a precedent for international partnerships that enhance economic opportunities between Africa and the US. Furthermore, the partnership between ReElement and Novare extends to deploying the refining technology in Africa, where a significant investment from Novare will establish the continent's first multi-mineral refining facility. This initiative aims to shift from the traditional mining model to one that promotes local industrial development and secure supply chains for manufacturing-grade minerals. ReElement's refining platform, adapted from pharmaceutical purification technology by Purdue, offers a more efficient, scalable and environmentally friendly alternative to traditional solvent extraction methods. The platform's programmability allows for the handling of various feedstocks and minerals, facilitating rapid deployment and minimal environmental impact. Novare Holdings CEO Ola Leepile said: 'Novare is proud to stand behind ReElement as it scales groundbreaking American technology. This investment reflects our belief that African institutional capital has a powerful role to play in global industrial transformation. 'We are backing US innovation at home and abroad – supporting jobs and growth in Indiana and bringing long-overdue value addition and industrial development to the African continent.' Furthermore, American Resources and ReElement Technologies have expanded their antimony refining contract to bolster the supply of ultra-pure antimony products for the US defence and commercial industries. The extended ten-year agreement, with automatic renewals, is expected to generate more than $29m in annual tolling revenues. "Novare Holdings invests in ReElement to expand rare earth refining in Indiana" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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
Yahoo
21-04-2025
- Business
- Yahoo
American Resources Corporation's ReElement Technologies Expands Rare Earth Oxide Production in Noblesville Facility
Jeff Peterson, COO of ReElement Technologies commented, "By investing in and leveraging our innovative refining technology, our Noblesville facility is able to rapidly scale to meet the unprecedented customer demand we are seeing from our growing customer base. Our team remains committed to driving innovation and continues to push the boundaries of engineering and operational excellence in our progress of refining critical minerals." This latest equipment expansion showcases the unique modular and scalable nature of ReElement's refining technology, enabling rapid and versatile growth in response to unprecedented demand for domestically produced, ultra-pure rare earth oxides. This entire Phase 2 growth process, from design to commissioning, was completed in under 3 weeks and is doubling the facility's production of finished rare earth oxides. A third phase of expansion is underway, with equipment delivery expected in 6 to 8 week, and projected to triple production levels when compared to Phase 2. This added refining capacity will significantly increase the facility's daily refining volumes of key rare earth elements, including neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb). FISHERS, IN / ACCESS Newswire / April 21, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources"), through its holding in ReElement Technologies Corporation ("ReElement" or the "Company"), a leading provider of high-performance refining capacity for rare earth, critical defense and battery elements, today announced the expansion of operating equipment to meet surging demand for domestically sourced rare earth oxides. ReElement is at the forefront and committed to unlocking and building a secure national supply chain of critical minerals through its scalable, highly efficient and versatile refinery platform - delivering both light and heavy magnet-grade rare earth oxides, battery materials, and other strategic defense minerals including antimony - faster and more efficiently than traditional methods. Story Continues Mark Jensen, CEO of ReElement Technologies added, "Our Noblesville facility, located in an urban setting, demonstrates not only the scalability of our technology but also our commitment to environmentally responsible production of both heavy and light rare earth oxides. While the site was not originally intended to be commercial, growing customer demand, especially following recent global trade shifts, has made it an essential part of our operations as we continue developing our larger Marion facility. We're proud to support our nation's access to these critical materials and applaud President Trump for prioritizing this effort through executive action. We're also incredibly thankful to our domestic equipment partners for delivering high-performance refining equipment that meet our exacting standards - often ahead of schedule. Our team remains committed to leading the domestic market with efficient, scalable solutions that promote American manufacturing, national security, and critical mineral independence. This latest expansion highlights the flexibility of our platform and our ability to efficiently respond to increasing demand for high-purity rare earth oxides." Recent Executive Actions by President Trump Supporting U.S. Mineral Independence: Executive Order on "Immediate Measures to Increase American Mineral Production" President Trump has signed an executive order aimed at significantly expanding domestic mineral production to secure America's supply chains and reduce dependence on foreign sources. View Executive Order here. Executive Order Investigating National Security Risks of Foreign Critical Mineral Dependence President Trump also issued an executive order initiating a national security investigation into the risks associated with U.S. reliance on imported refined critical minerals and their derivatives. View the Executive Order here. Learn more about ReElement Technologies' process and technology here - Video. About American Resources Corporation American Resources Corporation is a leader in the critical mineral supply chain, developing innovative solutions both upstream and downstream of the refining process. The company and its affiliates focus on the extraction and processing of metallurgical carbon and iron ore, essential ingredients in steelmaking, as well as critical and rare earth minerals for the electrification market and recycled metals. Leveraging its affiliation and former parent status of ReElement Technologies Corporation, a leading provider of high-performance refining capacity for rare earth and critical battery elements, American Resources is investing in and developing efficient upstream and downstream critical mineral operations. These operations include mining interests in conventional and unconventional sources, recycling, and manufacturing. 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 Company on Facebook, Twitter, and LinkedIn. 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 Company 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 Company on Facebook, Twitter, and LinkedIn. 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 AREC@ Media Inquiries: Marjorie Weisskohl 703-587-1532 mweisskohl@ Company Contact: Mark LaVerghetta 317-855-9926 ext. 0 investor@ SOURCE: American Resources Corporation View the original press release on ACCESS Newswire
Associated Press
17-04-2025
- Business
- Associated Press
American Resources Unveils Mobile Modular Rare Earth Leaching Solution to Extract Value from Coal and Mine Waste
Billions of tons of coal and mine waste globally hold untapped potential for producing concentrates of rare earth, critical minerals, and other valuable metals American Resources will deploy processing solution across its 30,000-acres of controlled property and offer a licensing option to other land and surface rights owners globally ReElement Technologies has demonstrated economic recovery and refining of magnet-grade Nd, NdPr and Dy from coal waste - alongside valuable byproducts including High Purity Alumina and Silicon Dioxide FISHERS, IN / ACCESS Newswire / April 17, 2025 / American Resources Corporation (NASDAQ: AREC ) ('American Resources' or the 'Company'), a producer and processor of raw material for the infrastructure and defense sectors, has announced the development of a groundbreaking modular, mobile, and scalable leaching solution. This innovative approach enables the extraction of rare earth concentrates from coal and other mine waste - materials that currently represent environmental liability worldwide. The Company plans to deploy these units across its controlled 30,000-acres, as well as license such units to landowners and mining operators globally to generate royalty-based revenue. The resulting leachate produced will be supplied to ReElement Technologies ('ReElement') as a feedstock to be refined into ultra-pure rare earth products for domestic and allied-nation magnet manufacturers. ReElement Technologies has successfully demonstrated its capability to produce high-purity, separated rare earth oxides from coal waste. In addition, ReElement is actively collaborating with a U.S.-based partner to source rare earth concentrates derived from mine water liabilities, further expanding a sustainable and domestic supply chain for critical minerals. Mark Jensen, Chairman and CEO of American Resources and ReElement states, 'This is a pivotal moment for our country - one where we must, and will, break China's dominance over the global critical mineral supply chains which are essential to our national defense and security. ReElement has proven its ability to produce rare earth oxides from a diverse range of feedstocks, including end-of-life permanent magnets, virgin ores, and coal and mine waste streams. Traditionally, extracting rare earths from coal waste has been prohibitively complex using legacy solvent extraction methods. However, ReElement's innovative technology economically refines both heavy and light rare earth elements from these challenging materials, while also capturing value from alumina, silicon, yttrium, and other byproducts - something not feasible with conventional solvent extraction methods. With the launch of this new platform and project-level financing solution, we are not only advancing the domestic production of rare earth oxides, but also providing investors an opportunity to participate in this growth through American Resources - delivering critical materials for our country while generating meaningful returns on capital.' American Resources' controlled sites, including its property in West Virginia, contain millions of tons of previously mined coal waste. Initial testing has demonstrated a concentration of over 500 ppm of rare earth content, validating the potential to help nationalize the supply chain using ReElement's patented technology. To advance this opportunity, American Resources is launching this new platform that can raise additional capital to expand production of rare earth concentrates from coal and other mining refuse. The Company is also evaluating capitalization strategies, including a Form D offering and the potential use of a tokenized platform. Mr. Jensen continued, 'Rare Earth elements are not rare, they are present throughout the world. The real challenge lies in their low concentration levels and the presence of other materials like alumina, silica, calcium, and zinc, which make traditional refining methods inefficient and costly. ReElement uses an innovative refining process that not only isolates and purifies these critical elements to ultra-high purity, but also allows us to economically recover and monetize the other valuable byproducts. Our approach uses fewer chemicals and requires significantly lower capital and operating costs. Without our technology, coal waste and similar materials wouldn't be financially viable to process. With it, we're turning them into a strategic asset for national security.' Key Updates: About American Resources Corporation American Resources Corporation is a leader in the critical mineral supply chain, developing innovative solutions both upstream and downstream of the refining process. The company and its affiliates focus on the extraction and processing of metallurgical carbon and iron ore, essential ingredients in steelmaking, as well as critical and rare earth minerals for the electrification market and recycled metals. Leveraging its affiliation and former parent status of ReElement Technologies Corporation, a leading provider of high-performance refining capacity for rare earth and critical battery elements, American Resources is investing in and developing efficient upstream and downstream critical mineral operations. These operations include mining interests in conventional and unconventional sources, recycling, and manufacturing. 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 Company on Facebook, Twitter, and LinkedIn. About ReElement Technologies Corporation ReElement Technologies Corporation, a portfolio company of American Resources Corporation (NASDAQ:AREC), is a leading provider of high-performance refining capacity for rare earth and critical battery elements. Its multi-mineral, multi-feedstock platform technology focuses on the refining of recycled material from rare earth permanent magnets and lithium-ion batteries, concentrated ores and brines, as well as coal-based waste streams and byproducts to create a cost effective and environmentally-safe, circular supply chain. ReElement has developed its innovative and scalable 'Powered by ReElement' process which collaboratively utilizes its exclusively licensed intellectual property within its partners' material processing flow sheets to more efficiently support the global supply chain's growing demand for magnet and battery-grade products. For more information visit or connect with the Company on Facebook, Twitter, and LinkedIn. Learn more about ReElement Technologies' process and technology here - Video. 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] Media Inquiries: Marjorie Weisskohl 703-587-1532 [email protected] Company Contact: Mark LaVerghetta 317-855-9926 ext. 0 [email protected] SOURCE: American Resources Corporation press release
Zawya
31-03-2025
- Business
- Zawya
African Rare Earth Projects Advance Amid Rising Global Demand
The global demand for rare earth elements ( is projected to increase four-fold by 2030, driven by the energy transition and increasing investments in industrialization. African nations rich in rare earth minerals are accelerating exploration and production efforts to capitalize on this growth. With up to eight rare earth projects set for commissioning across the continent by 2029 - boosting Africa's share of the global supply chain to 10% - the upcoming African Mining Week will spotlight opportunities across the rare earth value chain. Africa's rare earth sector remains largely untapped, thereby attracting the interest of global project developers eager to unlock its full potential. South African asset manager Novare, for example, signed a R1.8 billion agreement ( in February 2025 with American firm ReElement Technologies to develop a rare earth refining and battery manufacturing facility. ReElement will contribute its refining technology while Novare will provide funding for the value addition initiative, with construction expected to begin in the second half of 2025. In Namibia, the Japan Organization for Metals and Energy Security and Namibia Critical Metals ( completed a production pilot for the Lofdal Project, one of only two xenotime-type heavy rare earth deposits currently under development worldwide. Meanwhile, in Angola, Pensana ( secured an $80 million loan from Absa Bank Limited in January 2025 to expedite the rollout of the Longonjo Project, which is expected to supply 5% of the world's magnet metal rare earths demand – essential for the development of wind turbines and electric vehicles. Major investors are also making bold moves in Africa's rare earth sector. Billionaires Jeff Bezos and Bill Gates ( have injected $537 million into exploration and mine development through mining startup KoBold Metals, further accelerating Africa's rare earth ambitions. The funding will be directed toward rare earth mining ventures. Additionally, recognizing the strategic value of rare earths, multinational financial institution the African Development Bank proposed the development of the African Units of Account (AUA) ( - a new currency backed by Africa's critical mineral reserves, including rare earth elements. The initiative would help stabilize regional currency markets and attract more international investment in green energy projects, amidst the growing demand of critical minerals globally and Africa's vast reserves. The year 2025 continues to mark significant milestones in the growth of Africa's rare earth sector, with the advancement of key projects ( such as Phalaborwa and Steenkampskraal (South Africa), Makuutu (Angola), Ngualla (Tanzania) and Songwe (Malawi). Amid these developments, African Mining Week serves as a strategic platform for African regulators, industry stakeholders and global investors to engage in deal signings and forge partnerships, further solidifying Africa's role in the global rare earth supply chain. Distributed by APO Group on behalf of Energy Capital&Power. African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@
