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.
“We are pleased to join this effort in developing an innovative application in analyzing carbon-based feedstocks for their inherent critical and rare earth elements,” said American Resources CEO Mark Jensen in a statement.
READ: American Resources finalizes US site for chromatography rare earth element isolation and purification facility
Jensen added: “We are extremely proud of the steps we have made in becoming an innovator, solutions provider and leader in establishing an efficient, sustainable and environmentally-safe domestic supply chain for these increasingly important materials. As we continue the execution of our Capture - Process - Purify process chain, we are greatly encouraged by the collaborative opportunities we are seeing to participate in these exciting initiatives. We look forward to supporting both Microbeam and ETI with this innovative project and look forward to also broadening our partnerships to create real and safe solutions in how these materials are sourced and processed."
To date, American Resources said it has acquired 16 patents and technologies specific to producing rare earth elements (REEs) and critical minerals from coal-based waste and by-products, as well as waste permanent magnets and lithium-ion batteries.
The company's "Capture - Process - Purify" process chain is focused on these specific feedstocks to create a highly sustainable and environmentally friendly supply source of these critical resources. It is also committed to advancing its technology suite, which includes electrolysis processing and ligand-assisted chromatography purification, towards commercialization.
American Resources said it continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace.
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