American Resources Corp (NASDAQ:AREC) CFO Kirk Taylor talked with Proactive about a recently secured $33 million financing that will support the company's expansion in the critical minerals and rare earth space.
Taylor explained that two long-term fundamental investors approached the company after closely following its progress, recognising the time was right to get involved.
The funding will help advance operations at both the new and existing plants, as the company works to process coal tailings into rare earth oxides.
“Thankfully, we have 100 years of coal tailings within our portfolio to start working on,” Taylor said.
The move aligns with the company’s environmental cleanup efforts and its goal to support national security and independence through domestic supply chains.
Taylor also highlighted the importance of the company's foundational customers, Vulcan Elements and Posco International, and its partnerships led by chief technology officer Dr Yi Ding. These collaborations continue to generate new opportunities and technological advancements.
The ReElement division is also gaining international attention, with Taylor preparing to present at events from New York to Korea, including a TDK Ventures forum in San Francisco.