American Resources to expand its sponsored research program with Purdue University for rare earth element purification

American Resources to expand its sponsored research program with Purdue University for rare earth element purification

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American Resources Corporation (NASDAQ:AREC), a next-generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, has decided to significantly expand an existing sponsored research program with Purdue University specific to the purification of critical and rare earth elements (REE).  The company, in conjunction with its previously announced acquisition of certain licenses associated with the separation and purification of REEs using ligand assisted displacement (LAD) chromatography, had entered into an initial sponsored research program with Purdue to refine the Purdue-developed process and technology specific to the recycling of permanent magnets for its REEs.   Given the early success of its research program, American Resources said it now has entered into an expanded agreement to further refine the LAD chromatography process and technology to also include the recycling, reprocessing, and purification of critical and REEs from lithium-ion batteries as well as coal waste and byproducts.  READ: American Resources selected as consortium member in contract to assess Northern Appalachian critical and rare earth elements "Purdue has been a fantastic, innovative and commercially-driven partner to work with,” said CEO Mark Jensen in a statement. “The rare earth element purification technology that we are commercializing is extremely exciting, and we are both on the same page in terms of getting it to the market as efficiently as possible. Given the early success of our existing research program, it made sense to expand the program in short order to include the feedstocks that we are most focused on, such as lithium-ion batteries and coal-based waste and byproducts.”  Jenson added: “Collectively, our process chain of technology and feedstocks enables us to help restore the domestic supply chain of these critical materials in the most sustainable and environmentally friendly and beneficial ways ever developed. We believe this is where the U.S. needs to be to drive innovation and compete with China in this market." Furthermore, American Resources said it has begun staffing up to develop a supply chain and aftermarket for certain end-of-life products with several partners to source waste permanent magnets and lithium-ion batteries specific to this portion of its feedstocks and REE "Capture - Process - Purify" process chain.  These end-of-life products would include electric/hybrid vehicles such as the Toyota Prius, e-bikes, wind turbines, NMR machines, MRI machines, and certain industrial motors. Contact the author: patrick@proactiveinvestors.com Follow him on Twitter @PatrickMGraham

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