American resources corporation's reelement technologies completes preliminary investment in advanced magnet lab, inc. and signs offtake to provide rare earth elements

Advanced magnet lab, inc. (aml) has developed a novel and innovative approach to manufacturing magnets that enables both rare earth and non-rare earth materials fishers, in / accesswire / december 22, 2022 / american resources corporation (nasdaq:arec) ("american resources" or the "company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that it has executed its second rare earth oxide offtake agreement with advanced magnet lab, inc. ("aml") to provide aml high-purity raw rare earth elemental feedstock for their advanced, domestic magnet production. concurrently with the offtake agreement, the company has completed an initial strategic investment into aml to further advance the technology and commercialization.
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