American Resources Corporation’s ReElement Technologies Expands Its Exclusive Rights for Rare Earth Element Purification Technology to Include All Feedstocks

Post successful commercialization and production of ultra-pure (99.5%+) rare earth oxides from recycled feedstocks and critical battery minerals from all feedstocks, Purdue University has expanded ReElement’s exclusive rights to include all feedstocks including rare earth ores

FISHERS, IN / ACCESSWIRE / April 19, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") wholly owned subsidiary, ReElement Technologies Corporation, ("ReElement") a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today that Purdue University has expanded ReElement's exclusive use of the patents for licensed ligand assisted displacement ("LAD") chromatography and knowhow for all feedstocks to now include rare earth ores. These exclusive patents and technologies, developed at Purdue University, have been utilized by ReElement at its Noblesville, Indiana Commercial Qualification Facility to produce ultra-pure rare earth oxides and critical battery elements to the growing magnet and energy storage industries. ReElement has successfully developed its critical mineral platform technology providing a high performance and scalable solution for separating, purifying and refining rare earth and critical elements in an efficient, low cost and environmentally safe process outside of China.

Mark Jensen, CEO of ReElement Technologies said, "I am thankful for the hard work of our team as well as our partners at Purdue University. Based on our rapid execution and success to date, we have expanded the worldwide exclusive rights to include all feedstocks for our separation and purification patents for critical and rare earth elements. This expansion of rare earth elements from primary feedstocks will now complement and work alongside our existing worldwide exclusive rights for recycled rare earth feedstocks and all critical battery mineral feedstocks. As we embark on the next few years, we look forward to working with partners that we can collaborate with to efficiently synthesize upstream and downstream parts of the supply chain with our efficient and essential refining solutions to enable a healthy, secure and sustainable supply chain for critical and rare earth minerals in the United States and across the globe. The demand for critical and rare earth elements is projected to grow due to the energy transition towards cleaner, electrified products and technical performance in both commercial and national security related industries. We couldn't be here without the hard work and efforts of Dr. Linda Wang and the support she has been provided by the Purdue University team. We are extremely grateful and honored to work alongside her to innovate this critical industry."