American Resources supplying high-quality raw materials to the new infrastructure market
- American Resources hires industry leading expert to help with rare earth business plan
- American Resources Corporation selects site to build its rare earth purification facility
Quick facts: American Resources Corporation
Price: 1.92 USD
Market Cap: $115.32 m
About the company
American Resources Corporation is a supplier of raw materials to the rapidly growing global infrastructure marketplace. The company’s primary focus is on the extraction, processing, transportation and selling of metallurgical Carbon and PCI to the steel industry. The company operations are based in the Central Appalachian basin of eastern Kentucky and West Virginia where premium quality metallurgical products are located.
The company’s business model is based on running a streamlined and efficient operation to economically extract and deliver resources to meet our customers’ demands. By running operations with low or no legacy costs, American Resources Corporation works to maximize margins for our investors while being able to scale its operations to meet the growth of the global infrastructure market.
How it is doing
Campbell, who has worked for the company for several years and recently started his own consultancy Advanced Minerals, will focus on refining and advancing the sampling, handling and analysis of rare earth element (REE) feedstocks from the company's acid mine drainage (AMD) and coal processing waste streams in conjunction with the firm's sponsored research partnership with Penn State University.
In August this year, American Resources said it had secured a 6.9-acre site to build its first commercial-scale rare REE purification and isolation facility in Noblesville, Indiana.
"This is a very exciting time to be assisting American Resources as they continue to drive innovation in their industry and meet the demands of the evolving infrastructure market. Their rare earth element division, American Rare Earth, is bringing real and viable solutions to address the supply chain and environmental challenges that we are facing," said Campbell in a statement.
American Resources Corporation (NASDAQ:AREC) announced that it has been named to a US Department of Energy (DOE) Federal Demonstration Partnership award for the sorting of critical mineral-rich coal resource feedstocks in a support role.
Under the agreement, the company said it will provide support to the DOE-sponsored program lead by Microbeam Technologies Inc. (Microbeam) and Energy Technologies (ASX:EGY) Inc. (ETI) to determine novel methods for predicting rare earth elements and critical minerals in different coal types utilizing gamma neutron activation analysis (PGNAA) spectra technology.
American Resources Corporation (NASDAQ:AREC) announced that it has finalized its site selection to build its first commercial scale rare earth element (REE) purification and isolation facility in Noblesville, Indiana.
The Fishers, Indiana-based supplier of raw materials to the rapidly growing global infrastructure market, said its secured US site provides 6.9 acres of developable land. The company has a goal of scaling it into an 80,000 square foot facility for purifying and isolating rare earth and critical elements utilizing ligand assisted displacement (LAD) chromatography technology.
What management says
American Resources Corporation (NASDAQ:AREC) (NASDAQ:AREC) CEO Mark Jensen tells Proactive it has finalized its site selection to build its first commercial scale rare earth element (REE) purification and isolation facility in Noblesville, Indiana.
Jensen says the Fishers, Indiana-based group's site provides 6.9 acres of developable land. The company has a goal of scaling it into an 80,000 square foot facility for purifying and isolating rare earth and critical elements utilizing ligand assisted displacement (LAD) chromatography technology.
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