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American Resources Corporation Unlocking the Largest Rare Earth Element Mine in the U.S. Through Coal Waste Resources; Closes $33 Million PIPE Financing to Accelerate Development
$33 million financing positions the Company as the leader in unlocking vast reserves of critical and rare earth elements for the domestic supply chainhttps://feeds.issuerdirect.com/news-release.html?newsid=6675962217472322&symbol=AREC
"Coal once powered America's steel industry and energy independence - now, it can power the next generation of critical mineral independence," continued Mr. Jensen. "By leveraging ReElement Technologies' advanced refining platform, we are turning legacy coal waste into a high-value domestic source of rare earth concentrates and feedstock for permanent magnets, advanced technologies and critical defense applications - all while remediating the environment, accelerating American mineral independence and creating much-needed regional jobs."
American Resources will initially focus on deploying processing capacity across its owned and controlled critical and rare earth element deposits to produce a mixed REE concentrate product to feed into ReElement Technologies' advanced separation and purification refining platform. Subsequently, the Company plans to extend services to coal industry partners - transforming liabilities into economic assets while driving sustainable regional growth and workforce alignment.