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Rare earth buzz sends American Resources up 32% premarket

The date of: 2021-03-18
viewed: 0

source:Seeking Alpha

American Resources (NASDAQ:AREC) is moving forward with the commercialization of its rare earth element technology process chain with the building of a 2kW rare earth processing electrolysis facility. AREC +32% premarket to $5.62/share.

It will utilize the previously announced acquired technology and patents from Ohio University in addition to its partnership with sponsored research programs and Dr. Gerardine Botte.

The design of the initial facility has a total capex of less than $1M and is in the form of a mobile application that can be transported from internal and external sites to process and evaluate the specific fly ash and coal-based feedstocks at each location.

The facility will enable American Resources to determine the specific economics of each feedstock site and the revenues that will be generated from the critical and rare earth elements, the fly ash-to-concrete market, and the recovered carbon and the hydrogen generated during the process.

Last month, President Biden signed an executive order mandating a 100-day review of critical product supply chains in the U.S., focused on semiconductors, active pharmaceutical ingredients, advanced batteries and key minerals and materials.



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