American resources corporation's reelement technologies and vulcan elements come together to develop a fully domestic and sustainable rare earth magnet supply chain

Companies enter into a memorandum of understanding (mou) to develop a circular, commercial partnership reelement will utilize its proprietary technology for rare-earth magnet recycling and ore purification to produce magnet-grade rare earth oxides to power vulcan's fully-domestic magnet manufacturing fishers, in / accesswire / october 14, 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 capacity for rare earth and critical battery elements, has signed a memorandum of understanding (mou) with us-based magnet manufacturer vulcan elements ("vulcan"). this mou initiates a joint development agreement and operating agreement aimed at establishing a fully domestic and allied nation supply chain for rare earth permanent magnets.
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