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+30% 51M Float 171M Market Cap

June 7, 2021 08:10 AM ET (BZ Newswire) -- News

Sponsored research partnership with Purdue University demonstrates success in achieving high purity and isolated rare earth elements

Company's environmentally safe LAD Chromatography technology achieves 99.5 percent purity of Neodymium

FISHERS, IN / ACCESSWIRE / June 7, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that, in conjunction with its sponsored research partnership with Purdue University, has successfully achieved a high purity of the rare earth element (REE), Neodymium (Nd), using its exclusively-licensed, ligand assisted displacement ("LAD") chromatography process and technology. Through the recycling of waste permanent magnets, the Company was able to separate, isolate and purify the inherent Neodymium to a 99.5 percent purity, a standard required for high quality permanent magnet manufacturing.

Under its recently expanded sponsored research program with Purdue University, the Company is refining and further advancing its REE purification technology for various feedstocks which include recycled waste permanent magnets, waste lithium-ion batteries and coal waste and byproducts using LAD chromatography. Additionally, the Company is in the final stage of site selection for its critical and REE purification facility which will initially be developed as a small-scale facility, with the ability to scale to full commercialization.

American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.

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