American Resources (AREC) has secured a $5M inventory line of credit with Old National Bank. The credit facility enables American Resources to finance the procurement of end-of-life material, manufacturing scrap, ores and concentrated to be processed into high-value mineral feedstock. These feedstocks will be supplied to ReElement Technologies – American Resources’ minority-owned subsidiary and a leading U.S. refiner – for advanced separation, purification, and refinement into domestic, high-purity rare earth and critical mineral products.
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