NATURAL GAS FUELING & CONVERSION: American Resources Corporation Signs Exclusive Technology License Agreements With Penn State University For Rare Earth Element Technologies

The following excerpt is from the company's SEC filing.


American Resources and Penn State University’s Department of
Energy and Mineral Engineering to oversee the implementation of
separation and processing technology for improved environmental and
commercial applications.


Company retrofitting its existing processing, water and refuse
treatment infrastructure to also include production processes of
rare earth mineral preconcentrate.


January 21, 2021 

Source

: American Resources
Corporation


FISHERS, INDIANA / ACCESSWIRE / January 21, 2021


American Resources
Corporation (NASDAQ:

)
(“American Resources” or the “Company”), a
next generation and socially responsible supplier of raw materials
to the new infrastructure marketplace, today announced it has
entered into exclusive patent and technology licensing agreements
and sponsored research agreements with Penn State University and
its Department of Energy and Mineral Engineering to implement Penn
State’s intellectual property and technologies that separate
and extract pre-concentrate critical and rare earth minerals from
the Company’s carbon-based resources. American Resources will
execute Penn State’s technologies and processes through a
combination of utilizing mineral processing technologies at the
Company’s existing processing infrastructure and extraction
from the Company’s currently controlled acid mine drainage
(or AMD) and coarse refuse sources.


Pyrite Segregation Circuit


American Resources will retrofit and enhance its existing carbon
processing infrastructure, initially at its Perry County Resources
subsidiary, by utilizing Penn State’s process circuitry
design. The innovative process circuitry enables selective
segregation of pyritic material from its carbon waste created
during the beneficiation process and will be then utilized in its
critical and rare earth processing and stimulation process for
producing high-value, rare earth elements and carbon enhancement.
By utilizing the technology in the existing carbon processing
plant, which Perry County Resources uses to refine its carbon
production for the metallurgical markets, the Company will have
additional benefits to this process as it will result in a higher
recovery and product quality while reducing the environmental
footprint of a traditional carbon processing plant. Once this
process is proven to be successful at the Perry County Resources
processing facility, the Company will then systematically expand
this technology at its other carbon processing facilities
throughout the region.

Acid Mine
Drainage / Coarse Refuse / Advanced AMD


In addition to the pyrite segregation process from Penn State,
American Resources will utilize the exclusive patent pending
process to redesign, extract and process the Company’s
various waste stream and coarse refuse sites to produce a
concentrate of rare earth and critical elements. This will also
result in an ancillary benefit of pulling forward the environmental
remediation of long-term treatment sites, thereby accelerating the
remediation of many of these sites. During the past month, the
Company and Penn State have collaborated with over five of the
initial sites controlled by American Resources to begin the
planning and implementation phases of this technology development.
The technology will be combined with the Company’s existing
process chain to create a low-cost replicable procedure to capture
preconcentrate and concentrate rare earth and critical elements
from mining-based waste streams and coarse refuses.


Mark Jensen, Chairman and CEO of American Resources Corporation
commented, “We are extremely excited and honored to have the
opportunity to work with a highly regarded university such as Penn
State, along with their team in the Energy and Mineral Engineering
Department. From our initial meeting it was clear that they
understood the importance of collaboration and commercialization of
technologies to domestically produce rare earth and critical
elements. When developing a process to create an efficient and
cost-effective solution to real world problems, rarely does an
opportunity exist where there is a quadruple benefit by enhancing
the value of our processed carbon, improving the percent recovery
of that carbon, mitigating the long-term environmental impact of
our operations, all while adding to our process chain to produce
purified rare earth and critical elements. We believe this
relationship will continue to build given our alignment of interest
of driving commercial value of critical and rare earth
elements.”


Penn State University and the American Resources team has commenced
its first series of analyses of the Company’s raw carbon
production, settlement ponds, acid mine drainage sites, and
processing technologies to determine the designs and specifications
that will optimize specific mineral yield and value during
commercialization. The licensed technologies and efforts will be
incorporated in American Rare Earth’s process chain through
licensed technologies to enable a low-cost extraction, processing
and purification of rare earth oxides.


“We are excited to work with American Resources and their
team on their quest to commercially implement technologies for the
rare earth and critical element marketplace. With their resource
base, established assets, and desire to sponsor our work for
additional technology development, we are confident that we will be
able to work together to create valuable real-world processes that
can help make rare earth production and element purification a
reality in the United States,” stated Mohammad Rezaee, of The
Penn State University’s Department of Energy and Mineral
Engineering.


The adoption and use of Penn State’s pyrite segregation
circuitry and acid mine drainage treatment technologies represents
the reiteration of American Resources’ commitment to utilize
multiple technologies and methods in its collection and processing
of rare earth and critical elements, while also improving carbon
quality and protecting the environment through real world solutions
and actions. American Resources is dedicated to producing rare
earth concentrate and ultimately rare earth elements from its
carbon-based sources that meet the needs of modern technologies,
including electric vehicle and permanent magnets. The Company is
dedicated to working with the scientific community and combining
technologies from multiple universities, private industry and
scientific research organizations to efficiently produce critical
and rare earth minerals in a cost effective and environmentally
friendly process.


American Resources continues to focus on running efficient
streamlined operations in being a new-aged supplier of raw
materials to the infrastructure and electrification marketplace in
the most sustainable of ways.

By operating with low or no
legacy costs and having one of the largest and most innovative
growth pipelines in the industry, American Resources Corporation
works to maximize value for its investors by positioning its large
asset base to best fit a new-aged economy, while being able to
scale its operations to meet the growth of the markets it
serves.


About American Resources Corporation


American Resources Corporation is a next-generation,
environmentally and socially responsible supplier of high-quality
raw materials to the new infrastructure market. The Company is
focused on the extraction and processing of metallurgical carbon,
an essential ingredient used in steelmaking, critical and rare
earth minerals for the electrification market, and reprocessed
metal to be recycled. American Resources has a growing portfolio of
operations located in the Central Appalachian basin of eastern
Kentucky and southern West Virginia where premium quality
metallurgical carbon and rare earth mineral deposits are
concentrated.


American Resources has established a nimble, low-cost business
model centered on growth, which provides a significant opportunity
to scale its portfolio of assets to meet the growing global
infrastructure and electrification markets while also continuing to
acquire operations and significantly reduce their legacy industry
risks. Its streamlined and efficient operations are able to
maximize margins while reducing costs. For more information
visit


americanresourcescorp.com

or connect with the Company on


Facebook


Twitter


LinkedIn


Special Note Regarding Forward-Looking Statements

This
press release contains “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements involve known and unknown
risks, uncertainties, and other important factors that could cause
the Company’s actual results, performance, or achievements or
industry results to differ materially from any future results,
performance, or achievements expressed or implied by these
forward-looking statements. These statements are subject to a
number of risks and uncertainties, many of which are beyond
American Resources Corporation’s control. The words
“believes”, “may”, “will”,
“should”, “would”, “could”,
“continue”, “seeks”,
“anticipates”, “plans”,
“expects”, “intends”,
“estimates”, or similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain such identifying words. Any
forward-looking statements included in this press release are made
only as of the date of this release. The Company does not undertake
any obligation to update or supplement any forward-looking
statements to reflect subsequent events or circumstances. The
Company cannot assure you that the projected results or events will
be achieved.


PR Contact:

Precision
Public Relations

Matt
Sheldon

917-280-7329


matt@precisionpr.co


Investor Contact:

JTC
Team, LLC

Jenene
Thomas

833-475-8247


AREC@jtcir.com


Company Contact:

Mark
LaVerghetta

317-855-9926
ext. 0

Vice
President of Corporate Finance and Communications

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

NATURAL GAS FUELING & CONVERSION: American Resources Corporation Expands Carbon Production With The Restart Of Its Mccoy Elkhorn Complex And Secures Initial Sales Contracts - Oct. 8, 2021
NATURAL GAS FUELING & CONVERSION: Press Release Dated October 4, 2021 - Oct. 5, 2021

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