American Resources Corp (NASDAQ:AREC) CEO Mark Jensen spoke with Proactive about the company’s ongoing expansion within the US defense industrial base, following ReElement Technologies’ acceptance into the Consortium for Rare Earth Technologies (CREaTe).
Jensen explained that American Resources is already part of the broader defense industrial base consortium and that joining CREaTe is a strategic step to accelerate collaboration and integration of technologies in rare earth processing.
He said, “We strongly believe from day one that collaboration is going to be key for us to break the stranglehold that we have on China.”
According to Jensen, the CREaTe consortium will allow American Resources and ReElement to partner more effectively with defense primes and other organizations, promoting interoperability and sharing innovation in rare earth purification and metallization technologies.
He highlighted that working with partners, including Posco in South Korea, is part of a broader mission to establish a cost-effective and independent supply chain in the United States.
Jensen emphasized that the company is capable of producing every element needed by the defense industry today and now aims to be globally competitive by focusing on being “in the lowest quartile of cost,” rather than relying on subsidies.