American resources corporation's reelement technologies brings rare earth element and lithium production back to the united states with receipt of certificate of occupancy for marion, indiana supersite

Reelement's marion indiana supersite is a 42-acre campus with over 425,000 square feet under roof that will reduce the stronghold china has on rare earth element and lithium refining phase 1 capacity is being designed for 5,000 metric tons of lithium carbonate (99.9%+) and 1,000 metric tons of rare earth oxides (99.5%+) representing phase 1 revenue potential of $142 million based on market prices watch ceo mark jensen and marion mayor, ronald morrell, jr. discuss this milestone on demand here on the virtual investor platform's what this means series fishers, in / accesswire / april 25, 2024 / american resources corporation's (nasdaq:arec) ("american resources" or the "company") wholly owned subsidiary, reelement technologies corporation ("reelement"), a leading provider of high performance refining capacity of rare earth and critical battery elements, today announced that it has received its initial certificate of occupancy for its marion, indiana advanced technology center supersite, which will be a first mover in reducing the chokehold that china has on the refining for critical and rare earth elements. reelement is focused on building out phase 1 operations with the ability and goal of significantly expanding the marion site beyond the initial production capacity over time.
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