American Resources Corporation’s ReElement Technologies signs partnership with RecycleForce
American Resources has commercialized the first commercial installation of rare earth elements and critical battery cells in the United States
RecycleForce is the leader in workforce rehabilitation and has processed over 90 million pounds of e-waste since its inception
The parties will jointly and independently source and process raw materials of rare earths and battery elements through a collaborative relationship that will be purified by ReElement
FISHERMEN, IN /ACCESSWIRE/September 13, 2022/ American Resources Corporation (NASDAQ:AREC) (“American Resources” or the “Company”), a next-generation, socially responsible provider of rare earths and critical elements, carbon and advanced carbonaceous materials for the new infrastructure market and electrification, today announced that its majority-owned ReElement Technologies LLC (“ReElement”) division has entered into a partnership with RecycleForce, an Indiana-based 501(c)3 organization committed to reducing crime through employment and job training while improving the environment through electronic product recycling, whereby the parties will jointly and independently source and process end-of-life products for their rare earths and critical battery cells to feed the national supply chain. Under the terms of the partnership, after sourcing end-of-life products, RecycleForce will aggregate and pre-process a highly concentrated raw material of battery cells or permanent magnets to be supplied to ReElement. ReElement will use its patented, low-cost, scalable, flexible and environmentally friendly chromatographic separation and purification technology to produce high-purity battery cells such as lithium, cobalt, nickel, manganese and carbon oxides. rare earths for its magnet and battery manufacturing partners.
Mark Jensen, CEO of American Resources Corporation, said, “Having signed many collaborative partnerships over my career, this is one of the most exciting to date. We couldn’t be more honored to work with the RecycleForce team and staff as they help us establish an efficient and secure national supply chain for rare earths and battery cells Their mission-driven organization has an impressive track record of success not only in terms of volumes of materials processed, but most importantly by providing a transitional training platform and opportunity for people in need and This partnership will allow RecycleForce to create even more meaningful opportunities for the disadvantaged communities they serve, creating new jobs to reintegrate formerly incarcerated people into skilled labor positions in the new electrified economy. environmental outcomes while helping the United States mitigate the more than $3 billion in rare earth elements that end up in landfills each year, while decreasing our reliance on imported rare earths and battery elements from from sources harmful to the environment. »
Gregg Keesling, Founder and President of RecycleForce, echoed these comments: “From day one, RecycleForce’s mission has been to provide ex-offenders with the tools and assistance necessary to reintegrate into their communities as productive and responsible citizens. We are excited to expand these opportunities. for growth as our associates tackle a global environmental and national security issue. We couldn’t be more excited to work with the ReElement team given their game-changing technology and process to bring this critically important supply chain back to the United States, while incorporating our workers into the process now and in the future.
ReElement Technologies is committed to leading the national supply chain for rare earths and battery elements in the electrified economy. The company has proven its patented chromatographic separation and purification to be an inexpensive, scalable, flexible and environmentally safe replacement for environmentally and socially toxic alternatives used worldwide for the separation and purification of rare earths and elements. reviews. As the company executes and expands production at its facilities, it will significantly reduce the United States’ dependence on foreign nations for the supply of these critical raw materials while creating a true circular life cycle.
Learn more about ReElement Technologies’ patented and evolutionary process and technology here www.reelementtech.com.
American Resources has established an agile, low-cost, growth-focused business model that provides a significant opportunity to adapt its asset portfolio to meet growing global infrastructure and electrification markets while continuing to acquire operations and significantly reduce their industrial legacy risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information, visit americanresourcescorp.com or connect with the company on Facebook, Twitter and LinkedIn.
About ReElement Technologies LLC
ReElement Technologies LLC is redefining the way critical elements and rare earths are both mined and processed while focusing on the recycling of end-of-life products such as rare earth permanent magnets and lithium-ion batteries, as well as waste streams and coal-based by-products. to create a low-cost and environmentally friendly circular supply chain. ReElement has developed its innovative and scalable solution “Capture-Proceed-Purify” process chain in conjunction with its licensed intellectual property, including 16 patents and technologies and sponsored research partnerships with three leading universities to support the growing domestic supply chain demand for metals for magnets and batteries. For more information, visit reelementtech.com or connect with the company on Facebook, Twitter and LinkedIn.
Since 2006, RecycleForce has employed nearly 1,200 men and women, providing industry-recognized training and certification, on-the-job training and job placement services. RecycleForce employees also have access to and participate in: professional and peer mentoring; high school equivalency and literacy tutoring; assistance with accommodation and reinstatement of driving license; addiction and mental health counselling; tax preparation, budgeting and financial literacy training. Since its inception, RecycleForce has processed over 93 million pounds of recycled materials to be used to manufacture new products in the United States. For more information, visit recycleforce.org or connect with the company on Facebook and Twitter.
About American Resources Corporation
American Resources Corporation (NASDAQ:AREC) is a next-generation, environmentally and socially responsible supplier of high-quality raw materials for the new infrastructure market. The Company focuses on the mining and processing of metallurgical carbon, an essential ingredient used in the manufacture of steel, critical minerals and rare earths for the electrification market, and reprocessed metal for recycling. American Resources has a growing portfolio of operations located in the Central Appalachian Basin of eastern Kentucky and southern West Virginia, where deposits of premium metallurgical carbon and rare earth minerals are concentrated.
Special note regarding forward-looking statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results, performance or industry achievements or results differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond the control of American Resources Corporation. The words “believe”, “may”, “will”, “should”, “do”, “could”, “continue”, “seek”, “anticipate”, “plan”, “expect”, ” intends”, “estimates” or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All forward-looking statements included in this press release speak only as of the date of this release. The Company undertakes no obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will occur.
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