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Monday, 08/01/2022 11:07:31 PM

Monday, August 01, 2022 11:07:31 PM

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POSITIVE PRs continue…

American Resources Corporation's ReElement Technologies Achieves Greater Than 99.5% Pure Isolated Rare Earth Elements at Commercial Scale Separation and Purification Facility

First commercial scale success in the United States for rare earth and battery element separation and purification

Company's first commercial facility is 1000x larger than previous bench scale facility with significant opportunity for low cost expansion

Facility utilizes proprietary and patented chromatographic separation and purification process; the most efficient and environmentally safe method ever developed

FISHERS, IN / ACCESSWIRE / August 1, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that its majority-owned ReElement Technologies division has achieved groundbreaking success in producing greater than 99.5% pure isolated dysprosium (Dy), neodymium (Nd) and praseodymium (Pr) / neodymium (Nd) rare earth elements from its first commercial scale rare earth and battery element isolation and purification facility located in Noblesville, IN. The success of achieving ultra-high purity levels of these REEs comes from the facility's first commercial run through its state-of-the-art LAD displacement chromatography production train.

Mark Jensen, CEO of American Resources Corporation commented, "We have stated from day one that not only would we be first in the U.S. to commercially produce separated and ultra-high purity rare earth elements, but we would also do so in an economically-viable process utilizing unprecedented environmentally-safe methods. We are thrilled today that we can share our results with the world from our first commercial production through our first-of-its-kind chromatography facility. Our initial production we believe showcases that chromatography, in the isolation and purification of rare earth and critical elements, when used at commercial scale actually produces better results than when in the lab. Today we can say we have significantly exceeded our initial anticipated results in producing isolated and greater than 99.5% pure rare earth elements. Furthermore, by using end-of-life magnets as our initial feedstock to recycle for their constituent elements, we are also addressing our sustainability needs and bringing the circular economy for these elements online. Today we are focused on optimizing and planning for our aggressive expansion of battery and magnet elements for the domestic market over the next twelve months. Lastly, I'd like to applaud our team and partners, especially our technology partners at Purdue University and CMID, Inc. in achieving this monumental success."

With the commencement of its first commercial production runs, American Resources is redefining how REEs are sourced and processed. The Company believes that with its proven efficiency, flexibility and environmentally safe nature, chromatographic separation and purification will replace the existing environmentally and socially toxic alternatives used around the globe for rare earth and critical element isolation and purification and significantly reduce the United States' dependency on foreign nations for the supply of these critical raw materials.

ReElement division will continue to operate its magnet REE production train through its optimization plan while it moves to expand its full production. The company is also working with customer third party labs to provide such analysis as part of our sales process with domestic and international customers. Ultimately, the Company's chromatography technology, given its low cost and low capex model, can be operated in a continuous process in multiple facilities throughout the United States to maximize throughput and maintain an extremely low-cost structure while minimizing logistics and its carbon footprint. Additionally, the Company's battery material production train is expected to be operational in the fourth quarter of this year and will use a slightly modified and patented multi-mode chromatography process to recycle the constituent battery elements back battery-grade purity on an isolated basis.

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