American resources corporation's reelement technologies selects location for its next critical mineral refining facility in marion, indiana

Site includes 42 acres with approximately 425,000 square feet currently under roof, with ability to expand to 675,000 square feet of purified rare earth and critical mineral production site will produce ultra-pure battery elements (lithium, cobalt, nickel and manganese) and rare earth elements (neodymium, dysprosium and praseodymium) for ev battery and permanent magnet supply chains fishers, in / accesswire / july 13, 2023 / american resources corporation's (nasdaq:arec) ("american resources" or the "company") wholly owned subsidiary, reelement technologies llc, a leading provider of high performance refining capacity of battery and rare earth elements, is pleased to announce it has taken a controlling interest in the former rca thomson plant in marion, indiana, comprising 425,000 square feet manufacturing capacity on a 42 acre total campus for reelement technologies' rare earth and battery material refining. mark jensen, ceo of american resources commented, "after almost a year of careful analysis and extensive due diligence, we are excited to announce our expansion in marion, indiana for our second battery and rare earth element refining facility.
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