American Resources, ReElement expand long-term antimony refining contract

American Resources (AREC), along with its portfolio company, ReElement Technologies, announced the expansion of their previously announced antimony tolling agreement. Under the updated terms, ReElement will refine shipments of stibnite ore at its central Indiana refining facilities into of ultra-pure antimony sulfide or antimony oxide. The purified and refined antimony products will serve both domestic defense and commercial industries at market index-based pricing, while the extended 10-year term – with automatic renewals – supports long-term supply agreements. Initial tolling revenues from the first phase of contracted volumes are projected to exceed $29 million annually, with substantial growth potential aligned with rising domestic demand. The antimony ore partnership is initially commencing at approximately 500 metric tons per month of stibnite ore for processing and refinement at ReElement, with the ability to significantly expand such volumes based on market demand.