American Resources’ ReElement enters sales agreement

American Resources Corporation’s ReElement Technologies has executed a sales and offtake agreement with USA Rare Earth LLC for the production and sale of ultra-pure rare earth elements using ReElement’s patented purification and refining process, currently in production at its Noblesville, Indiana facility and being expanded at ReElement’s Marion Advanced Technology Campus, located in Marion, Indiana. The sale of the purified elements to USA Rare Earth under the agreement commences in 2025 and expands to over 900 metric tons of high purity oxides annually by 2028, representing over $65 million in annual revenue produced by ReElement. USA Rare Earth intends to utilize the high-purity oxides in the company’s permanent magnet manufacturing facility currently being constructed in Stillwater, Oklahoma