American resources corporation's reelement technologies and usa rare earth magnets sign mou for offtake to establish first fully domestic supply chain for rare earth magnet manufacturing

The combined relationship establishes the first complete domestic lifecycle for rare earth magnet manufacturing in the united states fishers, in / accesswire / september 22, 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 signed a memorandum of understanding ("mou") for offtake with usa rare earth magnets, llc ("usa rare earth magnets"), a wholly-owned subsidiary of usa rare earth, llc ("usare"), to supply them with recycled, high-purity rare earth oxides for their stillwater, oklahoma magnet manufacturing facility. once fully-commissioned, the stillwater facility is expected to be the first fully domestic rare earth magnet manufacturer in the united states.
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