American resources corporation's reelement technologies executes mou with afrivolt pty ltd to establish a comprehensive closed-loop african battery & ev supply chain

Parties will collaborate to support the construction of african lithium-ion cell manufacturing plants or "gigafactories" within the african markets reelement to support afrivolt's construction of comprehensive circular lithium-battery ecosystem with african critical minerals refined in africa utilizing reelement's innovative chromatographic purification technology fishers, in / accesswire / january 23, 2024 / american resources corporation's (nasdaq:arec) ("american resources" or the "company") reelement technologies corporation, ("reelement") a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today that it has executed a mou with afrivolt pty ltd ("afrivolt"), a pioneer in developing large industrial projects to support the build-out of africa's regional and global lithium-ion battery supply chains. the agreement between reelement and afrivolt will focus on establishing a comprehensive closed-loop lithium-battery and ev manufacturing ecosystem within africa utilizing critical minerals mined in regional localities with refining and purification performed by reelement africa and its subsidiaries including reelement ghana.
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