American resources corporation subsidiary, reelement technologies, secures working capital facility to expand first purification facility

Enables reelement technologies to establish credit history and provides low cost, non-dilutive, growth capital to expand current rare earth and battery element purification facility maxus capital has put in place an initial facility of $2.0 million to expand the production capabilities of rare earth and battery element recycling fishers, in / accesswire / july 1, 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 reelement technologies (reelement) has put in place an independent working capital facility that will enable the division to expand to revenue and cash flow generation. this initial working capital facility of $2.0 million will be used to expand reelement's first-of-a-kind facility in terms of critical battery material production, internal lab space and additional preprocessing to scale the production of high-purity and sustainable battery and magnet grade critical and rare earth elements.
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