American resources corporation funds initial shipments of lithium ores and provides update on ore processing site selection

Initial shipment of lithium ore feedstock has been funded and being shipped as part of overall offtake partnership from south african sources reelement will develop initial processing capacity in the united states with concurrent development of up to 80% of processing in local economies in africa fishers, in / accesswire / june 27, 2023 / 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, as previously announced, has entered into an offtake from its south african partners and has funded and commenced the initial shipment of lithium spodumene to the united states for refining, with a goal of having refining capacity in the united states as well as large scale capacity throughout africa. the company is in site selection for its initial south african refining facility and has also narrowed down its u.s. based site selection for lithium refining capacity of 120,000 metric tons per year to four states (west virginia, kentucky, tennessee and indiana).
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