🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

American Resources launches ReElement Technologies Africa for sustainable mining

EditorRachael Rajan
Published 05/12/2023, 02:40 am
© Reuters.
AREC
-

LONDON - ReElement Technologies, a subsidiary of American Resources (NASDAQ:AREC) Corporation (NASDAQ:AREC), has launched ReElement Technologies Africa Ltd, to enhance the production of essential minerals across the African continent using environmentally responsible refining technologies.

CEO of ReElement Technologies Mark Jensen emphasized that this expansion aims to improve the company's mineral production base and replace outdated, toxic refining methods with sustainable practices.

The newly established ReElement Africa plans to develop local economies through strategic partnerships that enable in-country processing while also providing necessary inputs for the Kentucky Lithium site located within the extensive mining infrastructure of east Appalachia. The subsidiary is set to establish local entities tailored to partnership agreements under its modular platform structure. This approach allows for adaptable financial models that align with the interests of regional stakeholders.

ReElement Africa's operations will be underpinned by a "Capture-Process-Purify" sequence, which is supported by a comprehensive portfolio of intellectual property rights, including 16 patents. These are further reinforced through sponsored research partnerships with leading universities.

American Resources Corporation, known for sourcing raw materials from strategic locations like the Central Appalachian basin, focuses on extracting metallurgical carbon alongside critical minerals procurement and metal recycling endeavors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.