American Resources’ ReElement selects Marion, Indiana for refining facility

American Resources Corporation’s wholly owned subsidiary, ReElement Technologies has taken a controlling interest in the former RCA Thomson plant in Marion, Indiana, comprising 425,000 square feet manufacturing capacity on a 42 acre total campus for ReElement Technologies’ rare earth and battery material refining. Marion, Indiana was selected by ReElement Technologies for this next phase of expansion after several months of careful analysis and examination of several potential sites throughout the Midwest. The resulting size and scope of the facility is dependent upon finalizing and receiving city and state incentives, which is anticipated to support a range of 30 jobs with no incentives and scaling up to approximately 300 jobs with full anticipated incentives. At full scope, the site and facility will provide for: 42 acres with ample areas for operations and future development; 425,000 square feet of existing production facility space and support structures; 250,000 square feet of additional foundation-ready space to expand production facilities or structures for further growth; Production of Rare Earth Elements: Target initial capacity of 2 metric tons per day of purified rare earth elements sourced from end-of-life magnets, such as those found in high-efficiency motors, electric vehicles, wind turbines, power tools, and hard drives. This will be the largest such producer of heavy rare earth elements outside of China. Production of Battery Materials: Target initial capacity 50 metric tons per day of lithium-ion battery input material sourced from end-of-life batteries and manufacturing waste, such as those found from electric vehicle batteries, power tool batteries, specialty batteries, with the ability to process a wide range of lithium-ion battery chemistries including Lithium Iron Phosphate and Nickle Manganese Cobalt. Providing for a complete, domestic beginning-to-end solution of the battery and magnet supply chain: The campus is being designed to drive collaboration with industry partners in the battery and magnet supply chain by creating co-locating partners in the electrified value chain within the campus; reducing costs, maximizing productivity, and significantly reducing the carbon footprint of products produced. Rail loadout on site 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 in the US battery belt. 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.