American Resources Corporation, through its subsidiary ReElement Technologies Corporation, has announced a joint venture with Exigo Battery Solutions Pvt. Ltd. This partnership aims to enhance the recycling of rare earth magnets, utilizing ReElement's proprietary refining technologies in the United States and India. The collaboration seeks to process over 2,000 metric tons of feedstock annually, focusing on materials like EV motors and wind turbines. By leveraging Exigo's expertise in sourcing and processing rare earth concentrates, the venture aims to produce high-purity oxides, ultimately establishing a competitive supply chain for critical minerals and rare earth elements.
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