Summary
AREC's Portfolio Company Expands Critical & Rare Earth IP Portfolio
American Resources Corporation's AREC portfolio company, ReElement Technologies, recently announced that it has broadened its intellectual property (IP) portfolio with the filing of five new patent applications designed to advance its high-purity refining platform for critical minerals and rare earth elements.
American Resources' ReElement Technologies expands critical mineral patent portfolio
American Resources Corp (NASDAQ:AREC) announced that its minority-owned subsidiary, ReElement Technologies, has filed five new patent applications aimed at strengthening US refining capabilities for several high-priority critical and rare earth elements. The filings expand ReElement's intellectual property portfolio and support domestic processing of materials such as germanium, antimony, terbium, gallium, gadolinium and yttrium, minerals widely used in advanced manufacturing, energy technologies and defense applications, the company said on Wednesday.
American Resources highlights blockchain partnership with SAGINT for critical mineral traceability
American Resources Corp (NASDAQ:AREC) has announced its participation in a Virtual Investor “What This Means” segment, where it detailed a new partnership with SAGINT, which aims to implement blockchain-based tokenization to improve traceability and transparency in the global critical mineral supply chain. During the segment, Mark Jensen, executive chairman of American Resources and CEO of American Resources' minority-owned subsidiary ReElement Technologies, and Jacob Clayton, CEO of SAGINT, discussed the collaboration.
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American Resources Corporation Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mark C. Jensen CEO | NASDAQ (CM) Exchange | 02927U208 CUSIP |
| US Country | 26 Employees | - Last Dividend | 24 May 2017 Last Split | - IPO Date |
Overview
American Resources Corporation, established in 2006 and headquartered in Fishers, Indiana, operates within the coal industry focusing on the extraction, processing, transportation, and sale of metallurgical coal. Its operations primarily support the steel and industrial sectors. The company, through its various subsidiaries, has positioned itself as a key supplier of raw materials in the industry, meeting the demanding requirements of metallurgical coal needed in steel production and other industrial applications.
Products and Services
- Metallurgical Coal: This type of coal is a crucial component in the steel manufacturing process. American Resources Corporation specializes in the extraction and processing of high-quality metallurgical coal, catering to the needs of the steel industry. This coal is essential for the production of coke, a necessary element in steel furnaces.
- Coal for Pulverized Coal Injections: The company also processes and sells coal suitable for pulverized coal injection (PCI) techniques. PCI is used in blast furnaces as a supplementary method of reducing the amount of coke required in the steelmaking process. This not only reduces costs for steel producers but also enhances furnace efficiency and productivity.
Contact Information
