American Resources’ Electrified Materials Awarded Recycling Grant from State of Indiana
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American Resources’ wholly-owned subsidiary, Electrified Materials Corp. (EMCO), has been awarded a $911,519 matching grant under the Indiana Department of Environmental Management’s Waste Diversion Project.
This initiative aims to benefit Indiana’s economy by expanding recycling infrastructure for recycling, creating jobs, and addressing supply chain challenges.
“As a proud Hoosier, we are excited to collaborate with state of Indiana and our Department of Energy to drive innovation in the rare earth and battery materials marketplace. We commend Indiana’s Department of Energy for recognizing the importance of recycling in building a sustainable and resilient supply chain of critical minerals for national security. The leadership demonstrated by Indiana’s Secretary of Energy, Suzanne Jaworoski, and her team is a true testament to effective public leadership,” said Mark Jensen, chairman and CEO of American Resources.
“Our team is working relentlessly to address the needs of our defense industry, semiconductor manufacturers, magnets producers and auto OEMs, and Indiana has the potential to be at the forefront of this mission. This grant will play a key role in advancing the recycling technology necessary to innovate and efficiently meet the growing market demand,” added Jensen.
Electrified Materials is a cutting-edge recycler of metals to the electrified economy specializing in processing used metals and minerals to be recycled and further refined into new steel-based, battery-grade and magnet-grade products. EMCO operates within the U.S. with its origins in reclaiming former thermal coal mines and industrial sites. By leveraging its regional logistics and infrastructure, along with its affiliation with ReElement Technologies, EMCO aims to expand its footprint in the high-growth markets of used steel, rare-earth elements, and critical battery materials.
Additionally, EMCO remains committed to cleaning up old infrastructure left behind from the declining mining industry. Through its affiliation and collaboration with ReElement, EMCO will preprocess end-of-life waste containing critical minerals, such as wind turbines, EV motors, lithium-ion batteries, consumer power tools and e-waste, before supplying these concentrates to ReElement for further refinement into manufacturing-grade final products, ready to reenter the supply chain.
EMCO was formed by, and is a wholly-owned subsidiary of, American Resources. EMCO is a cutting-edge recycler of metals for the electrified economy. It controls the preprocessing of both end of life magnets, batteries and ferrous metals that enables EMCO to ensure a domestic supply chain for copper, aluminum, steel, plastic as well as rare earth and battery elements through its refining partnership with ReElement Technologies.
EMCO has formed a tri-party joint venture with Lohum Cleantech, India’s largest producer of sustainable critical minerals, and ReElement Technologies to develop circular magnet-grade and battery-grade mineral processing technology. Additionally, the company is actively engaged in discussions with several other domestic and international partners committed to cost-effectively strengthening the supply chain and advancing energy and critical mineral independence.
American Resources Corporation is a leader in the critical mineral supply chain, developing innovative solutions both upstream and downstream of the refining process. The company and its affiliates focus on the extraction and processing of metallurgical carbon and iron ore, essential ingredients in steelmaking, as well as critical and rare earth minerals for the electrification market and recycled metals. Leveraging its affiliation and former parent status of ReElement Technologies Corporation, a leading provider of high-performance refining capacity for rare earth and critical battery elements, American Resources is investing in and developing efficient upstream and downstream critical mineral operations. These operations include mining interests in conventional and unconventional sources, recycling, and manufacturing.
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