American Resources achieves 99.5% purity of rare earth element neodymium with scalable process

American Resources Corporation (NASDAQ:AREC) CEO Mark Jensen tells Proactive that in conjunction with sponsored research partner Purdue University, the group has successfully achieved a high purity of the rare earth element (REE) — neodymium (Nd).

Jensen says through the recycling of waste permanent magnets, it was able to separate, isolate, and purify the inherent neodymium to a 99.5% purity, a standard required for high-quality permanent magnet manufacturing.