American Resources’ ReElement receives certificate of occupancy for Indiana site

American Resources Corporation’s ReElement Technologies has received its initial certificate of occupancy for its Marion, Indiana Advanced Technology Center supersite, which will be a first mover in reducing the chokehold that China has on the refining for critical and rare earth elements. ReElement is focused on building out phase 1 operations with the ability and goal of significantly expanding the Marion site beyond the initial production capacity over time. Phase 1 production capacity represents approximately $142 million in revenue potential based on current market prices of rare earth oxides and lithium carbonate production. The ReElement Technologies Marion Refining Campus will provide for: 42 acres with ample areas for operations and future development for both ReElement Technologies and its key industry partners; 425,000 square feet of existing production facility space, office, laboratories, and support structures; 250,000 square feet of additional foundation-ready space to expand production facilities or structures for further growth; The production of rare earth elements with a targeted initial capacity to produce 1,000 metric tons per year of ultra-pure rare earth oxides sourced from virgin ores and recycled feedstocks, such as magnets found in high-efficiency motors, electric vehicles, wind turbines, power tools, and hard drives, and establishing the largest such producer of heavy rare earth elements outside of China; The production of critical battery materials with an initial refining capacity of 50 metric tons per day of lithium-ion battery input material sourced from end-of-life batteries and manufacturing waste, with the ability to process a wide range of lithium-ion battery chemistries including Lithium Iron Phosphate and Nickle Manganese Cobalt; An onsite fully integrated domestic solution of the battery and magnet supply chains: The campus is being designed to drive collaboration with battery and magnet industry partners by creating co-located partnerships within the electrified value chain; reducing costs, maximizing productivity, and significantly reducing the carbon footprint of products produced; Rail loadout onsite along with 37 truck bays for enhanced transportation logistics, including access to major highways and interstate travel, with a central location to many potential customers within the automobile, battery and magnet industries within the U.S. battery belt; and Exceptional community support for ReElement Technologies, along with access to several important educational institutions, such as Indiana Wesleyan University, Ivy Tech Community College, Taylor University and Purdue University which can provide skilled personnel to ReElement Technologies’ expanding workforce. The Marion Advanced Technology Campus will scale up to an initially targeted production capacity of 5,000 metric tons of ultra-pure lithium hydroxide or carbonate per year, and 1,000 metric tons per year of rare earth oxides, with the ability to strategically and efficiently expand production capacity by adding modular production capacity as the market matures.