tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

American Resources’ ReElement expands Noblesville refinery by 141%

American Resources (AREC)’ ReElement Technologies announced the 141% expansion of its Noblesville critical mineral refining facility. This incremental expansion increases the facility’s footprint to over 16,500 square feet and provides near-term refining capacity of more than 200 metric tons per year of ultra-pure separated defense elements and rare earth oxides. This expansion allows ReElement to deliver critical defense minerals – including yttrium, germanium, gadolinium, gallium, terbium, samarium, dysprosium, and antimony- as well as traditional magnet elements such as neodymium and praseodymium. The investment strengthens near-term supply for defense and advanced technology markets while the company’s Marion Supersite continues its build-out for additional large-scale production. ReElement has also recently received nine additional separation columns for expanded production in Noblesville, along with other key equipment, including its ICP-MS machine, to ensure consistent commercial production of 99.999% pure products. Importantly, the company is executing this expansion while maintaining full daily operations at the facility. In parallel, ReElement has ordered, identified, or begun installing more than 60% of the equipment for Marion’s initial contracted growth phase, which is being developed to provide large-scale refining capacity for magnet-grade rare earths, battery materials, antimony, and additional defense elements.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1