Reelement technologies corporation and exigo battery solutions pvt. ltd. announce a joint venture for rare earth magnet recycling

Recycling feedstock such as ev motors, hdds, wind turbines, mri machines, and other permanent magnet-containing materials scaling to 2,000+ metric tons per annum the partnership brings together two companies from two nations that are dedicated to developing cost effective domestic supply chains for critical minerals and rare earth elements fishers, in / access newswire / june 3, 2025 / american resources corporation (nasdaq:arec) ("american resources"), through its holding in reelement technologies corporation ("reelement" or "rtc"), a leading u.s. innovator in rare earth element (ree) and critical mineral refining, announced today that it has signed a memorandum of understanding (mou) to enter into a joint venture agreement with exigo battery solutions pvt. ltd. ("exigo") to have the joint venture entity utilize reelement's proprietary rare earth oxide refining technologies within the united states and in india along with exigo's ability to source, process, and supply rare earth concentrates to be efficiently and cost effectively refined to separated and purified 99.5%+ oxides (ndpr, nd, dy, tb).
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