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.
AREC Ratings Summary
AREC Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission