American Resources Corp (NASDAQ:AREC) provided an update on the initial scale-up of its ReElement Technologies subsidiary’s Marion, Indiana Supersite.
The company said the Marion complex is being developed as ReElement's first large-scale refining hub, complementing its recently expanded Noblesville facility, which focuses on domestically produced separated and purified rare earth oxides.
American Resources noted that as ReElement's Noblesville operation scales to produce over 250 metric tons annually of ultra-pure, separated defense elements, larger-scale refining capacity will transition to the Marion Supersite.
"Our recent expansion in Noblesville demonstrates the scalability of our refining platform and its ability to meet near-term demand," ReElement Technologies chief operating officer Jeff Peterson said in a statement.
"Marion is the next step - providing the scale required to address the rapidly growing needs for magnet-grade rare earths, lithium, antimony, and defense elements."
American Resources added that the Marion Phase-1 capacity is designed for about 2,500 to 3,500 metric tons per annum of refined magnet-grade separated rare earths, battery materials, and antimony, with the ability to add additional production lines.
To date, ReElement has ordered, identified, or begun installation of more than 60% of the equipment required for Marion's initial contracted growth phase, according to the company.