ReElement Technologies has demonstrated technical and economic viability of producing rare earth elements from controlled carbon waste streams

ReElement's proprietary refining process, combined with an abundance of controlled feedstock, provides a breakthrough in producing rare-earth elements from mine waste with planned local processing capabilities at its Kentucky Lithium facility

FISHERS, IN / ACCESSWIRE / December 12, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company") announced today that its wholly-owned subsidiary, ReElement Technologies Corporation ("ReElement"), a leading provider of high-performance refining solutions for rare earth and critical battery elements, has successfully demonstrated the techno-economic viability of producing rare earth elements from the Company's controlled carbon mine waste streams. Updated analyses of the carbon waste-based deposits at its Wyoming County Coal project, located in southwest West Virginia, consistently show mixed rare earth oxide (MREO) concentrations at or above 500 ppm. Additionally, ReElement Technologies has proven its capability to separate MREO into high-purity rare earth oxides utilizing its proprietary and patented refining technology combined with localized preprocessing.

American Resources Corporation's internal surveyors estimate over 128 million tons of previously extracted waste material available for targeting, with the initial primary resource focused on the Company's West Virginia property, which is estimated to contain approximately 8 million tons.