American resources corporation's reelement technologies and posco international come together to develop a sustainable rare earth element and magnet supply chain

Companies enter into a memorandum of understanding (mou) to develop a commercial partnership for rare earth element refining, recycling and offtake reelement will utilize its proprietary technology for rare-earth magnet recycling and ore purification to produce magnet-grade rare earth oxides to power posco's magnet manufacturing fishers, in / accesswire / november 21, 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 posco international ("posco"). this collaboration will integrate reelement's efficient magnet recycling and rare earth ore refining processes into posco's global rare earth magnet manufacturing network.
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