American Resources Corporation (NASDAQ:AREC) (AREC) said its subsidiary ReElement Technologies has achieved an ultra-high purity of 99.99% lithium from lithium iron phosphate (LFP) battery manufacturing waste using its exclusively licensed and patented multi-modal chromatography technology.
The company said that its technology, developed in partnership with Purdue University, has been scaled up and achieved better than expected separation and purification results from commercial operation.
“The results we have achieved for LFP battery chemistry and the scalability we have now showcased is paramount for the high-growth battery industry,” Dr. Yi Ding, ReElement Technologies director of research and development, commented in a statement.
“Our technology is unique in that we can operate standalone facilities, co-locate within the battery manufacturing ecosystem to process manufacturing waste to produce ultra-high pure lithium in either a carbonate or hydroxide form, and at a substantially lower economic and environmental cost than conventional chemical processing and refining.”
At its first facility in Noblesville, Indiana, ReElement has the capacity to process approximately 137,500 kilograms per year of battery materials to produce ultra-high pure battery minerals or compounds.
AREC noted that the company was in the design and engineering phase for a second and larger scale battery production line which will have an annual capacity of approximately 13,750,000 kilograms per year.
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 Corporation (NASDAQ:AREC) is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market.
Contact the author at emily.jarvie@proactiveinvestors.com
Follow her on Twitter @emilyjjarvie