American Resource Corporation (NASDAQ:AREC) has announced that representatives of its strategic minority holding, ReElement Technologies Corporation, will attend events and hold meetings in New York City during Climate Week NYC and the United Nations General Assembly.
#Focus on partnerships and supply chains
According to the company, the New York programme will involve discussions with international contacts as well as U.S. public and private sector stakeholders. The stated aims include developing relationships, examining potential partnerships and discussing critical mineral refining and supply chain development.
ReElement’s work involves linking mineral resources and recycled feedstocks with separation and refining capabilities. American Resources said these activities are intended to support domestic and allied supply chains for critical minerals.
#Representatives attending the meetings
Ben Kincaid, Chief Executive Officer of ReElement Africa, and Rhett Rezendes Associate are named as ReElement’s representatives for the events and individual meetings.
The company said prospective partners, industry participants, government representatives and other stakeholders with interests in critical mineral refining, international cooperation and supply chain development are welcome to engage with the representatives. Meeting requests can be made by contacting Kincaid or Rezendes through LinkedIn.
#ReElement’s refining platform
ReElement is described as a U.S. developer and operator of advanced refining capacity for rare earth elements and critical minerals. Its platform uses modular, chromatography-based separation and purification technology.
The company says the system is designed to process primary mineral concentrates, recycled materials, industrial byproducts and other unconventional feedstocks. It is also described as connecting resource development, recycling and downstream manufacturing with high-purity materials.
#Relationship with American Resources
American Resources identifies ReElement as both a strategic minority holding and a portfolio holding. The company also refers to a strategic affiliation with ReElement and a former parent relationship.
#Risk disclosure
The announcement included a forward-looking statement warning that actual results, performance or achievements could differ materially from those described or implied. American Resources said the statements are subject to known and unknown risks and uncertainties, including factors beyond its control. It also said projected results or events may not be achieved and that it does not undertake to update the statements for later events or circumstances.
#Key Takeaways
- American Resources announced planned ReElement participation in New York events and meetings during Climate Week NYC and the United Nations General Assembly.
- Discussions are expected to cover international relationships, potential partnerships and critical mineral supply chains.
- Ben Kincaid of ReElement Africa and Rhett Rezendes are named as representatives.
- ReElement’s platform is designed to refine materials from mineral concentrates, recycled materials, industrial byproducts and other feedstocks.
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