American Resources Corporation's subsidiary, ReElement Technologies Corporation, has made significant strides in rare earth element and critical mineral refining in the United States. ReElement's platform is the first in the U.S. capable of economically separating and refining heavy rare earth elements. The company has expanded its refining capabilities to supply ultra-high purity elements, with purities ranging from 99.99% to 99.999%, catering to both the domestic defense sector and advanced manufacturing supply chains. ReElement's Marion, IN facility is targeting an initial capacity of up to 4,400 metric tons per year, with scalability based on market demand. Additionally, ReElement's Noblesville, IN facility is enhancing its modular capacity to support up to 200 metric tons annually. The company is committed to reshoring critical mineral refining, boasting recovery rates of over 90% and reducing U.S. dependence on Asian supply chains by up to 100% in certain cases.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.