American Resources Corporation (NASDAQ:AREC) CEO Mark Jensen tells Proactive it has formed a strategic partnership between its wholly-owned subsidiary, American Rare Earth LLC, and The Heritage Group’s venture capital investment arm HG Ventures LLC.
HG Ventures invests and partners up with innovative, high-growth companies that support a sustainable future in materials, infrastructure, and environmental solutions. In this case, it will be expediting the path for American Rare Earth becoming the first and lowest-cost producer of domestically-sourced, purified and sustainable battery and magnet metals in the US.