American resources corporation to build 200,000 square foot combined commercial scale lithium ion battery and rare earth magnets recycling facility

New facility will expand to process 90,000 tons of critical battery materials (black mass) and 5,000 tons of rare earth magnets annually by 2025 site selection has been narrowed to controlled property in either indiana or west virginia with design and engineer already commenced fishers, in / accesswire / september 16, 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 its majority owned subsidiary, reelement technologies llc, has commenced engineering, planning and development for its second lithium-ion battery and rare earth magnet recycling and metal recovery facility utilizing its patented chromatography technology to produce 99.9%+ pure critical battery material and 99.5%+ rare earth elements. mark jensen, chief executive officer of american resources corporation commented, "the opportunity to continue the growth of our reelement division is real and present given the demand for domestically produced battery and magnet grade materials.
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