American resources and reelement technologies secure contract for multi-million dollar antimony purification agreement
Reelement has successfully demonstrated its ability to refine antimony ore (stibnite), achieving purity levels exceeding 99.7% for antimony(iii) sulfide the tolling agreement will commence with initial shipments of approximately 500 metric tons of stibnite ore per month to american resources, with anticipated expansion fishers, in / access newswire / february 27, 2025 / american resources corporation (nasdaq:arec) ("american resources" or the "company"), along with its portfolio company, reelement technologies corporation ("reelement"), a leading provider of high-performance refining capacity of rare earth and critical battery elements, is pleased to announce that the company and reelement have entered into a antimony stibnite tolling agreement for the production of ultra-pure antimony(iii) sulfide or antimony(iii) oxide from shipments of stibnite ore shipped to reelement's central indiana facilities. the purified antimony will be used to supply the domestic defense and commercial industries based on the two-year contract that automatically extends thereafter.
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