American Resources Corporation (NASDAQ:AREC) announced that its majority-owned ReElement Technologies LLC division has procured the necessary equipment for its initial battery element isolation and purification production train for the manufacture of battery-grade materials (lithium, cobalt and nickel) at its critical minerals purification facility in Noblesville, Indiana.
The supplier of rare earth and critical elements said battery element purification is on track to begin initial commercial production within the next 45 days.
“We are initially focused on producing high-purity lithium carbonate or hydroxide from economically viable and commercially sustainable methods in the recycled market from domestic sources,” ReElement Technologies chief operating officer Jeff Peterson said in a statement.
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“We are confident that once we showcase our initial production, our patented technology will be the adopted and preferred processing solution for domestic battery materials as we have already proven for domestic magnet materials,” Peterson added.
American Resources noted that over the course of the last two months, ReElement has been focused on designing and building its initial battery production train while also scaling its internal capabilities of preprocessing and post processing of material so that 100% of the recycling process can be completed internally.
The company added that it has also been expanding its first rare earth elements (REE) magnet production line at its Noblesville, Indiana facility by over 50%, which recently announced commercial scale success in achieving greater than 99.5% pure isolated rare-earth elements.
As well, American Resources said ReElement continues the engineering and design of its larger scale critical minerals purification facility that has been previously announced and hopes to finalize site selection over the next 30 days.
American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.
Contact Sean at sean@proactiveinvestors.com