American Resources advances feedstock sourcing for ReElement Technologies

American Resource announced its strategic focus on sourcing and investing in key commodities to be refined by ReElement Technologies, supporting both defense and commercial markets. Leveraging immediate opportunities, American Resources (AREC) will concentrate already mined coal waste feedstock containing heavy and light rare earth elements as well as alumina and silicon dioxide. These materials will be aggregated, processed and supplied to ReElement Technologies for final-stage refinement into ultra-pure, commercial-grade products. Mark Jensen, Chairman and CEO of American Resources Corporation and ReElement Technologies, commented “The advancements made by the ReElement technical team are groundbreaking and could not come at a more critical time, given the global shortage of heavy rare earth oxides today. ReElement’s technology has successfully demonstrated its ability to economically separate, purify and refine coal waste concentrates – something traditional solvent extraction methods cannot achieve due to the inherent impurity streams. Historically, coal waste or coal-based feedstock have been financial burdens on our government and communities. However, with our advanced technology, we can not only make these materials economically viable but also establish them as a primary source of critical minerals essential for national security. Coal waste feedstock is laden with alumina, silica, zinc and other impurities that make traditional chemical to chemical separation methods inefficient and costly. With ReElement’s chromatographic separation methods, these impurities either become negligible or transform into valuable byproducts, enhancing the overall process. With the millions, if not billions, of tons of material already mined and stored around the world, these innovations have the potential to reshape the global resource dynamics. In response, American Resources is now strategically focused on aggregating and processing its own and other sources of mine waste to supply ReElement’s refining operations.” Additionally, the distributions of the shares of ReElement Technologies Corporation and American Infrastructure Corporation to shareholders of record as of December 31st is currently underway through the Company’s transfer agent. American Infrastructure common shares will be exchanged for Series A Preferred Stock in CGrowth Capital, Inc which is expecting to rebrand as American Infrastructure Holding Corporation.