American Resources’ ReElement produces ultra-high purity, battery-grade lithium

American Resources subsidiary, ReElement Technologies Corporation has achieved an ultra-high purity of 99.96% battery-grade lithium carbonate from its exclusively licensed and patented multi-modal chromatography technology that was developed in partnership with Purdue University. The results were produced from hard rock, spodumene bearing pegmatite ore and showcase the technology’s ability to provide industry-best purity results across various feedstocks, both primary and recycled. Mark Jensen, CEO of American Resources Corporation commented, “As the electrified economy continues to expand the demand for high purity lithium will continue to see substantial demand as a commodity. Over the short term, we expect some price volatility around planned battery plants within the U.S. market. In the current market, both operating cost and capital investment will remain extremely important and we believe our refining solution is extremely competitive on both aspects, while also being able to build out in a scalable and modular basis. Being able to efficiently add refining capacity as demand warrants it is paramount to succeed in a commodity-driven, pricing environment. As such we continue to rapidly advance our innovative critical mineral refining technology at our Commercial Qualification Plant in Noblesville, Indiana with a variety of feedstocks. We are also frequently validating the products we produce for our partners, potential partners and customers to showcase our value-added position and to most efficiently meet the needs of our fragile critical mineral supply chains. Refining lithium from natural sources, such as spodumene, in a cost effective and environmentally sensitive manner is key to the near-term domestic battery industry. We realize the importance of sustainability and circularity which has been a big focus of our critical mineral refining platform. Given our technology’s efficient attributes, we are also highly focused on the rapidly accelerating demands of the electrified economy. Our innovative platform can efficiently and cost effectively address the complex demands of our critical mineral supply chains through the refining of natural occurring ores while also creating a sustainable and circular life cycle. We applaud our technical and operational teams for exceeding our initial target results in producing ultra-high pure, battery-grade lithium from spodumene utilizing our revolutionary and patented technology. The results we have achieved and the scalability we have showcased is paramount for the high-growth battery industry. Our technology is unique in that we can operate standalone facilities, co-locate within the battery manufacturing and mining ecosystems to produce ultra-high pure lithium in either a carbonate or hydroxide form, and at a substantially lower economic and environmental cost than conventional chemical processing and refining.”