American resources corporation's affiliate, reelement technologies, secures bond purchase agreement for extension of $150 million kentucky industrial building revenue bonds for kentucky critical mineral refinery
9-month extension supports continued site development with expanded focus of rare earth concentrates from coal mining waste as well as lithium ores bond purchase agreement was executed with a sole institutional investor fishers, in / access newswire / march 27, 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 of rare earth and critical battery elements, today announced that it has successfully executed and signed a bond purchase agreement with a sole institutional investor. this agreement extends the existing $150,000,000 principal amount of kentucky industrial building revenue bonds, series 2024, supporting the company's kentucky lithium llc ("kyl") complex located near kite, kentucky.
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