The American Resources subsidiary is moving forward in global refining with Investing.com

FISHERMEN, IN – American Resources (NASDAQ:) Corporation (NASDAQ:AREC) has announced through its subsidiary ReElement Technologies Corporation, a major breakthrough in the production of rare earth materials from mining waste. The sponsor will demonstrate a process that allows the removal of rare earth oxides (MREO) from carbonaceous waste streams, with a continuous concentration of more than 500 parts per million. According to InvestingPro data, the company, which is valued at $95.23 million, is facing operational challenges with an EBITDA of $23.16 million over the past twelve months.

The company’s internal researchers have found more than 128 million tons of waste previously removed for processing, and analyzed nearly 8 million tons from their West Virginia facility. This development could represent a breakthrough for the industry, providing a stable and inexpensive source of the world’s rarest materials, essential for a variety of technologies including electric and electronic vehicles. However, InvestingPro The analysis reveals financial issues, including a ratio of 0.23 and a large debt of $ 229.89 million, which may affect the company’s ability to take advantage of this opportunity.

Mark Jensen, CEO of American Resources, highlighted the economic potential of using fossil fuels and coal waste to produce the world’s most abundant oxides. He emphasized the potential benefits for battery and safety components due to the high amount of aluminum oxide and silicon dioxide in the waste.

ReElement’s refining platform aims to provide a way to source essential minerals without China, which currently refines 90% of the world’s scarce minerals. The company’s purification process, which includes Ligand Assisted Displacement (LAD) Chromatography, is touted as a cheaper and more environmentally friendly method than conventional methods.

The development comes amid trade tensions between China and the United States, particularly over complex mining. China’s recent ban on the export of the precious mineral and the need for dysprosium in the production of advanced semiconductor materials underscore the importance of ReElement’s refining capabilities.

ReElement is expanding its operations, which include a partnership with the American Infrastructure Corporation, to recycle the world’s most scarce materials into ultra-pure products. The operator also provided updates on its Marion, Indiana, facility, which is poised to become the largest combined rare earth and lithium refinery in the United States.

A press release notes that ReElement Technologies, through its innovative refining process, has the potential to address global security challenges by providing a unique source of natural resources and essential minerals. Although the company’s good standing seems encouraging, InvestingPro the data shows the difficulty of earning money with a decrease of 98.13% in the last twelve months. InvestingPro subscribers can access 12 other insights as well as the Pro Research Report, which provides detailed analysis of AREC’s financial health and growth prospects.

In other recent news, American Resources Corporation detailed the performance and progress of its public listings during its third 2024 Earnings Call. The company explained the future of ReElement Technologies and American Infrastructure, with ReElement set to go public no later than December 2024. Despite the challenges of the market, American Resources expressed confidence in its growth.

The company also discussed its transformation, focusing on environmental regeneration, global production, and the profitability of the metallurgical carbon market. American Infrastructure is turning into a royal model, as American Metals collaborates with LOHUM Cleantech to recycle batteries. The company is working on a merger with AI Transportation Acquisition Corp. and plans to release American Metals.

ReElement Technologies is developing a new facility in Marion, Indiana, which is looking for significant revenue growth by 2025 and plans for a public listing. Despite the challenges in the current market and the delay in the public listings of Novusterra and American Carbon due to problems with analysis, the company remains optimistic about its profits. These are some of the recent publications of American Resources Corporation.

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