American Resources’ Electrified Materials finalizes grant agreement

American Resources (AREC) announced that its wholly owned subsidiary, Electrified Materials Corporationm has finalized and signed all agreements related to a $911,519 matching grant awarded through the Indiana Department of Environmental Management’s Waste Diversion Project. This funding will support the purchase of advanced equipment for the preprocessing and recycling of rare earth magnets, critical minerals, and defense materials. The materials will be refined by ReElement Technologies Corporation as part of a broader effort to establish a collaborative, circular supply chain and help reshore this vital industry to the United States. Electrified Materials currently has access to a 135-acre site in Noblesville, Indiana, where it will expand its operations focused on end-of-life rare earth magnets, lithium-ion batteries, and defense metals-further supporting national security and sustainable domestic production.