American Resources

Name

American Resources

Legal name

American Resources Corporation

Website

https://americanresourcescorp.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Critical Minerals Processing

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Other Metal Ore Mining (212290), Materials Recovery Facilities (562920)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Rare Earths Separation & Refining (Oxides/Metals) (IMAKAFAH)

akta.pro secondary industries

Rare Earths Mining & Concentrates (REE Ores) (IMAKAFAG), Battery Scrap & Recycling Feedstock (Lead-Acid, Li-ion Black Mass Feedstock, NiMH) (IMAKAMAH), E-Waste & Electronics Metal Recovery (ITAD, Circuit Boards, Precious Metal Recovery) (IMAKAMAG)

Keywords

• Rare earth refining
• Critical minerals supply
• Metallurgical carbon production
• Lithium-ion battery materials
• Rare earth oxides

Headquarters

HQ city

Fishers

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Rare Earth and Critical Mineral Concentrate Production: Production of rare earth and critical mineral concentrates (MREC) through internal operations from mining waste streams. Concentrates are sold to ReElement Technologies under an offtake agreement.
2. Refining Services and Toll Processing: Processing feedstocks from third parties for a royalty. ReElement Technologies provides separation and refining services using its proprietary platform.
3. Separated Rare Earth Oxide Sales: Sale of separated and purified rare earth oxides produced at Marion and Noblesville facilities to defense and commercial customers.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

American Resources Corporation is a raw materials solutions provider producing rare earth and critical mineral concentrates (MREC) from mining waste streams and providing access to a proprietary chromatography-based refining platform through its minority stake in ReElement Technologies. The platform refines end-of-life rare earth magnets, lithium-ion batteries, and mined concentrates into high-purity (99.5%-99.999%) magnet and battery grade rare earth oxides, germanium, gallium, tungsten, and lithium for defense, EV/battery, semiconductor, and advanced manufacturing supply chains.

Product overview

American Resources Corporation operates as a multi-subsidiary critical materials platform consisting of three main product lines: (1) ReElement Technologies Corporation (~17% owned) - operates the proprietary chromatographic refining platform producing high-purity rare earth oxides and critical minerals at commercial scale in Noblesville, IN with expansion to Marion, IN; (2) Electrified Materials Corporation (EMCO, 100% owned) - handles pre-processing of end-of-life magnets and batteries for feedstocks; and (3) Rare Earth and Critical Mineral Concentrates (MREC) - produces concentrates from mining waste streams under offtake agreement with ReElement. The company also holds strategic stakes in Willcox International Holdings (~9%) and Royalty Management Holding Corporation (~8%), and pursues value chain expansion into mining interests, magnet manufacturing, and battery manufacturing.

Differentiator

Problem solved

Functional benefit

Brands

• ReElement Technologies Corporation: Producer and supplier of high-purity magnet and battery grade rare earth and critical elements; operates first commercial scale isolation and purification facility in Noblesville, IN
• Electrified Materials Corporation (EMCO)
• ReElement
• MREC

Products and services

• Rare Earth and Critical Mineral Concentrates (MREC) Mixed Rare Earth Carbonate concentrates produced from mining waste streams under land rights, sold to ReElement Technologies under an offtake agreement to supply the rare earth, critical mineral, super alloy metal, and semiconductor material supply chain.
• ReElement Technologies Corporation - Chromatographic Refining Platform High-purity magnet and battery grade rare earth and critical elements refining service using a proprietary chromatography-based platform. Processes end-of-life rare earth magnets, lithium-ion batteries, and mined concentrates into high-purity (99.5%-99.999%) rare earth oxides, germanium, gallium, tungsten, lithium, and other critical minerals at commercial scale in Noblesville, IN and Marion, IN.
• Electrified Materials Corporation (EMCO) - Battery and Magnet Recycling End-of-life magnet and lithium-ion battery pre-processing and recycling service that controls the upstream feedstock supply for ReElement Technologies' refining platform. Processes end-of-life magnets and batteries to recover copper, aluminum, plastic, rare earth, and battery elements for the domestic supply chain.
• ReElement Germanium Dioxide Commercial Production Commercial-scale production of germanium dioxide at the Noblesville, Indiana facility, positioned to become the largest producer of germanium in the United States and described as the first domestic commercial-scale production capability in decades.
• Critical Minerals Utility Token World's first utility token for critical minerals, specifically for neodymium oxide refined at ReElement's Noblesville, Indiana facility. Demonstrates end-to-end provenance and compliance readiness for DFARS requirements via blockchain-secured warehouse receipts.
• Lithium Purification Technology Eighth patent application for chromatography-based lithium separation and purification technology, designed to complement Direct Lithium Extraction (DLE) processes and produce battery-grade products from brines using fewer chemicals and smaller footprint compared to traditional solvent-based systems.
• Marion Germanium Production Line Initial germanium production line at the Marion, Indiana critical minerals refining campus, one of four production lines being developed to process multiple feedstocks. Targets commercial operations in Q3 2026.

Quantifiable outcome

• Phase 1 Marion facility will provide over 16,000 metric tons of annual high-purity refining capacity
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Krach Institute for Tech Diplomacy at Purdue (Global Trusted Tech Network)coreStrategic or Co-development Partner · 25 June 2026ReElement joined Global Trusted Tech Network and received 2025 Trusted Tech Leadership Award. Supports efforts to develop secure and diversified critical mineral supply chains.
• NAATBatt InternationalminorChannel Partner/ Reseller/ Distributor · 17 June 2026EMCO joined NAATBatt International, a North American trade association focused on advanced battery technology. Membership supports battery recycling and critical mineral recovery operations.
• U.S. Chamber of CommerceminorStrategic or Co-development Partner · 8 June 2026ReElement participated in US Chamber's Critical Minerals Summit focusing on Trump administration's multi-agency response to secure critical mineral supply chains.
• BlackionminorStrategic or Co-development Partner · 30 May 2026Strategic collaboration with Blackion for domestic LFP battery value chain, focusing on lithium iron phosphate battery recycling.
• POSCO InternationalcoreStrategic or Co-development Partner · 21 May 2026$200 million joint venture to establish integrated rare earth element and permanent magnet production complex in the United States. Phase 1 (2028) will produce approximately 3,000 MTPA of separated REO, expanding to 6,000 MTPA by Phase 2 (2030), with light and heavy rare earth metalization and permanent magnet manufacturing.
• Minerals Integrity & Resilience Alliance (MIRA)minorStrategic or Co-development Partner · 12 May 2026ReElement joined MIRA, a collaborative initiative convened by Center for International Private Enterprise (CIPE) to support transparency and resilience in critical mineral supply chains.
• Mitsubishi Materials CorporationcoreStrategic or Co-development Partner · 31 March 2026Strategic collaboration including investment in ReElement Technologies, MOU for offtake of separated rare earth oxides, and MOU for feasibility study for ReElement refining facility in Japan. Partnership leverages Mitsubishi's 150-year materials background and recycling infrastructure.
• SAGINT Inc.coreTechnology or Integration · 1 December 2025Blockchain-enabled tokenization system for critical minerals, converting refined minerals into digital assets backed by authenticated blockchain-secured warehouse receipts. Enables full traceability from extraction through refining with DFARS compliance.
• Electronics Recyclers International (ERI)coreStrategic or Co-development Partner · 20 November 2025Commercial processing agreement to aggregate and pre-process end-of-life magnet materials for ReElement's refinement into high-purity rare earth oxides. ERI is the nation's leading electronics recycler with operations across multiple states.
• Vulcan ElementscoreStrategic or Co-development Partner · 3 November 2025$1.4 billion partnership with US government and ReElement to scale domestic rare earth magnet production. Includes Pentagon and Commerce Department financing for NdFeB magnet facility.
• Principal Minerals Co. Inc.minorStrategic or Co-development Partner · 27 August 2025MOU to co-develop advanced rare earth production capability in the United States.
• American Samoa Development AuthorityminorStrategic or Co-development Partner · 30 July 2025MOU to explore development of critical mineral refinery in American Samoa region.
• Impossible MetalsminorStrategic or Co-development Partner · 21 July 2025MOU for collaboration on deep-sea nodule harvesting to build vertically integrated US-based critical mineral supply chain.
• EDP RenewablesminorStrategic or Co-development Partner · 13 March 2025Partnership to advance sustainable wind turbine magnet recycling through EDP Renewables' Close the Loop Program, recovering neodymium-based permanent magnets from decommissioned wind turbines.

Scale indicators14 records

Recent moves10 records

Expansion highlights6 records

Emerging players

• Ucore Rare Metals: Canadian critical metals company developing a US REE separation facility (Louisiana) using a proprietary processing platform. Directly comparable as an emerging domestic midstream rare earth refiner pursuing defense and OEM offtake with similar funding/partnership dynamics.
• Mkango Resources / HyProMag: UK/Canada rare earth magnet recycling venture using the patented HPMS process. Comparable to AREC/ReElement's recycled-magnet and battery refining feedstock strategy and a competing emerging player in recycled REE feedstock.
• Cyclic Materials: Canada-based rare earth recycling company with a hydrometallurgical platform recovering REE from end-of-life magnets and motors. Directly comparable to EMCO/ReElement's recycled-magnet feedstock strategy and a likely competitor in the EOL magnet aggregation space.

Direct peers

• MP Materials: Largest US rare earth miner and the operator of the only scaled US rare earth separation facility at Mountain Pass. Directly comparable as a domestic REE-to-oxide supplier to defense and commercial customers, and a primary beneficiary of the same US reshoring policy tailwinds that drive AREC.
• Lynas Rare Earths: Global leader in separated rare earth oxide production outside China, operating the Mt Weld mine and Malaysia/Kalgoorlie processing plants. Directly comparable as a non-China REE refiner pursuing US downstream capacity (US DoD-funded facility), competing for the same defense and EV magnet customers.
• Energy Fuels: US uranium and critical minerals producer that has entered rare earth carbonate and separated oxide production from monazite sand. Overlaps directly with AREC's strategy of processing unconventional feedstocks (including coal-related byproducts) into REOs for domestic and defense markets.
• Neo Performance Materials: Global processor of rare earth and rare metal materials into value-added products for automotive catalysts, magnets, and electronics. Directly comparable as a downstream rare earth refiner and magnet materials supplier serving similar end markets with similar metallurgical capabilities.
• USA Rare Earth: Vertically integrated US rare earth and magnet producer developing the Round Top deposit and downstream magnet manufacturing. Competes with AREC/ReElement for the same NdFeB magnet and defense supply-chain opportunities and shares key management connections (Director Josh Hawes was previously CSO).

Others

• Vulcan Elements: US NdFeB magnet manufacturer partnered with AREC/ReElement under the $1.4B Pentagon-backed program. Adjacent rather than competitive — Vulcan is an offtake customer and vertically integrates AREC's REOs into finished magnets.
• POSCO International: Korean trading and resources arm of POSCO Group, signed a $200M JV with ReElement for US REE/magnet capacity. Adjacent — POSCO is a partner/co-developer rather than a competitor and represents a distribution channel into Korean/EV markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/amerresources
• Facebookfacebook.com/americanresourcescorp
• LinkedInlinkedin.com/company/american-resources-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American Resources