American Resources’ ReElement launches urban mining-to-magnet tolling service

American Resources (AREC) Corporation announced the launch of its urban mining-to-magnet rare earth supply chain. Through this offering, ReElement will provide toll processing services to separate and purify recycled rare earth magnets into high-purity Nd, NdPr, Dy, and Tb oxides – achieving purities of 99.5% or greater – for an average cost of $25 to $35 per kilogram. These refined materials will then be converted back into magnets by ReElement’s domestic partners, establishing a cost-effective and fully integrated U.S.-based magnet supply chain. ReElement is also recycling a range of strategic and esoteric critical minerals – many of which are subject to China’s export controls or near-monopoly – including Terbium, Gallium, Germanium, Gadolinium, Samarium, Cobalt, Yttrium and others essential to both commercial and defense-related high-tech applications. Under these partnerships, ReElement accepts material for recycling and returns the separated and purified oxides – or other desired chemical compound forms – with purities ranging from 99.9% to 99.999%. These refined products are typically provided to the recycling partner at or below prevailing Chinese market prices.