American Resources’ ReElement partners with Republic of Uzbekistan

American Resources (AREC), along with its minority holding in ReElement Technologies Corporation announced the signing of a strategic partnership agreement with TMK LLC of the Republic of Uzbekistan to develop and expand the critical mineral value chain between the two nations, beginning with the sourcing of tungsten concentrates in Uzbekistan and refining them into high-grade tungsten in the United States.The partnership, signed in Washington, D.C., establishes a cooperative framework to jointly advance sustainable and high-value production of tungsten and other strategic minerals essential to national security and advanced manufacturing. Under the agreement, American Resources Corporation will broker tungsten concentrate from TMK and its affiliates and supply this concentrate to ReElement Technologies and other U.S. partners for refining into high-purity tungsten to meet the growing needs of the U.S. government and its industrial base. As part of the framework, the Parties will establish a Joint Working Group to develop technical and financial feasibility studies, define investment structures, and coordinate the implementation of projects. The partnership anticipates the participation of both U.S. and Uzbek financial institutions, sovereign wealth funds, and strategic investors.