American Resources Corp (NASDAQ:AREC) said on Thursday its rare earth refining affiliate ReElement Technologies signed a commercial processing agreement with Electronic Recyclers International (ERI) to source and refine end-of-life magnet materials into high-purity rare earth oxides.
ERI, the largest electronics recycler in the US, will use its international collection network and eight US recycling centers to aggregate and pre-process magnet-bearing materials.
ReElement will then refine the feedstock into high-purity rare earth oxides for use in mobility, defense and advanced technology applications, the company said.
American Resources said the partnership bolsters efforts to build a domestic, circular supply chain for rare earths amid rising strategic demand. ERI uses proprietary, AI-driven systems to identify and extract magnet materials at purity levels that enable the recovery of critical minerals.
ReElement has begun trial shipments of rare earth oxides with purity above 99.99% to commercial and defense partners and is taking orders for refined materials. Production is underway at its Noblesville, Indiana facility, with large-scale output expected to shift to its 400,000-square-foot complex in Indiana starting in early 2026.
“Pairing [ERI’s] feedstock capabilities with ReElement's advanced refining platform positions us to accelerate true circularity for critical minerals in the United States and deliver high-purity rare earth elements for our current and expanding customer base,” Mark Jensen, ReElement’s CEO, said.
"ReElement's groundbreaking technology and solutions make it the leading refiner of high-performance critical battery and rare earth elements required in energy, transportation, defense and other technologies,” ERI's CEO John Shegerian said.
“This new relationship will open the door for a whole new wave of US-based capabilities in the rare earth realm that will have both domestic and global implications.”