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American Resources expands Rare Earth pre-processing capacity at Indiana Facility
About this episode
American Resources Corp Executive Vice President Mark LaVerghetta joined Steve Darling to announce that the company’s subsidiary ReElement Technologies has expanded its pre-processing capabilities with the procurement of additional equipment and processing capacity at its Indiana facility.
The new processing line significantly enhances the capabilities of Electrified Materials Corporation, enabling it to aggregate, process, and condition magnet materials as well as copper, aluminum, and ferrous metals recovered from end-of-life products and manufacturing scrap. These materials include rare earth element (REE) and other critical mineral feedstocks that will be conditioned into optimal forms for refining.
Conditioned rare earth and critical mineral materials will then be supplied to ReElement Technologies for advanced separation, purification, and refining into ultra-high-purity rare earth oxides. Those refined materials are ultimately delivered to downstream manufacturing partners serving electrification, defense, and advanced manufacturing markets.
LaVerghetta told Proactive the expansion comes in response to rising volumes of recycled feedstocks being received by EMCO as well as increasing market demand for domestically produced, high-purity rare earth oxides.
The near-term expansion is expected to be supported through a private capital raise at the subsidiary level under Regulation D, along with previously announced recycling grant initiatives from the State of Indiana.
The capital raise is also intended to support the continued scaling of EMCO’s processing capacity ahead of a planned spin-off of Electrified Materials into a stand-alone publicly listed company on a national exchange.
#proactiveinvestors #americanresourcescorporation #nasdaq #arec #AmericanResourcesCorp #ReElementTechnologies #ElectrifiedMaterials #MarkLaVerghetta #RareEarths #CriticalMinerals #Recycling #UrbanMining #SupplyChain #BatteryMaterials #CleanTech #AdvancedManufacturing #DefenseTech #CircularEconomy #IndianaManufacturing #RareEarthOxides #MiningInnovation
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