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FISHERS, Indiana - ReElement Technologies Corporation, a subsidiary of American Resources Corporation (NASDAQ:AREC), announced Tuesday a binding long-term supply agreement with U.S.-based magnet manufacturer Vulcan Elements to provide high-purity rare earth oxides for domestic magnet production. The announcement comes as AREC’s stock has shown remarkable momentum, delivering a 122.77% return over the past year, according to InvestingPro data.
Under the agreement, ReElement will supply magnet-grade neodymium, neodymium-praseodymium, and dysprosium oxides to support Vulcan’s rare earth magnet manufacturing operations in the United States.
The partnership aims to establish a domestic rare earth supply chain, with both companies planning to scale production as market demand grows. ReElement has been selling oxides to Vulcan throughout 2025 prior to formalizing this multi-year contract.
"Our refining platform enables us to supply separated and purified rare earth oxides at costs comparable to Chinese producers - while being domestically sourced and sustainably processed," said Mark Jensen, CEO of ReElement Technologies, in the press release.
ReElement’s separation and purification technology uses a chromatographic approach rather than traditional solvent-based methods. The company claims this reduces capital costs, operating expenses, environmental impact, and chemical usage while improving processing efficiency.
John Maslin, CEO of Vulcan Elements, described the partnership as "a crucial step toward restoring American manufacturing" in the rare earth magnet sector.
The agreement represents a strategic collaboration between ReElement’s refining capabilities and Vulcan’s magnet manufacturing operations, creating what the companies describe as a cost-effective supply chain entirely within the United States.
The information in this article is based on a company press release statement.
In other recent news, American Resources Corporation has regained compliance with Nasdaq’s minimum bid price requirement. The company received confirmation from Nasdaq that its stock maintained a closing bid price of $1.00 or greater for 12 consecutive business days, satisfying the exchange’s Listing Rule 5550(a)(2). Additionally, American Resources confirmed its compliance with Nasdaq listing standards after a delayed quarterly filing, as the necessary documents were submitted in time.
In a significant development, ReElement Technologies Corporation, a subsidiary of American Resources, launched a new initiative to recycle rare earth magnets. The company will provide toll processing services to separate and purify recycled magnets into high-purity oxides at competitive costs. Furthermore, ReElement Technologies has secured a Letter of Interest from the Export-Import Bank of the United States for up to $150 million. This funding will support the expansion of the Marion Advanced Technology Center, which aims to become the largest multi-mineral refinery in the nation.
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