American Resources Corporation (NASDAQ:AREC) said its subsidiary ReElement Technologies has appointed automotive and electric vehicle (EV) veteran Alex Hitzinger to its technical advisory board.
The company said Hitzinger is a well-established industry expert with extensive experience leading autonomous and EV projects, having previously held roles at Toyota Motorsport, Red Bull Technology, Porsche, and Volkswagen Group (XETRA:VOW).
American Resources CEO Mark Jensen commented that Hitzinger is a world-renowned, automobile industry expert and has been on the cutting edge of driving high-tech, innovative solutions to the market.
“His experience, knowledge, and vision will be extremely valuable in guiding ReElement as we further deploy our leading and commercial rare-earth and critical mineral refining technology throughout the world,” Jensen said.
Hitzinger added in a statement: "As our world economy embarks on this monumental shift in transportation technology, I am highly focused on seeking out and working with companies that have truly disruptive and outstanding technological opportunities. I am excited to work with the ReElement Technologies team to showcase their technology in the battery and rare earth magnet material refining marketplace.”
ReElement Technologies is redefining how critical and rare earth elements are both sourced 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 coal-based waste streams and byproducts to create a low-cost and environmentally-safe, circular supply chain.
American Resources is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market.
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