Membership in CREate advances ReElement's role in supporting U.S. national security by delivering ultra-pure critical minerals for next-generation high value applications
American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company") through its portfolio company ReElement Technologies Corporation ("ReElement"), a leading U.S. innovator in rare earth element (REE) and critical mineral refining, announces ReElement has been accepted as a member of the Consortium for Rare Earth Technologies ("CREate") through a continued partnership with Advanced Technology International.
ReElement's membership in CREate follows its recently announced $2 million award under the Department of Defense's Industrial Base Analysis and Sustainment Program, as well as its prior membership in the Defense Industrial Base Consortium. These milestones reinforce ReElement's growing role in fortifying the defense supply chain with secure, U.S.-based refining capabilities.
Kirk Taylor, Chief Financial Officer of ReElement Technologies commented, "Supporting the U.S. Department of Defense with the critical minerals that enable advanced energy and defense systems is an opportunity we take great pride in. Our team is committed to accelerating these efforts and delivering secure, domestic supply solutions at speed."
ReElement will collaborate directly with Advanced Technology International ("ATI") on future procurement and consortium opportunities including submitting an application to become a member of the Joint Directed Energy Consortium ("JDEC"). JDEC is a members-only initiative that fosters public-private partnerships to accelerate the development and integration of directed energy technologies into military applications. As a member, ReElement will highlight its patented chromatography-based refining platform and its unique ability to onshore the production of ultra-pure rare earths and critical minerals essential to U.S. defense readiness.
Source: www.accessnewswire.com
Aleksei Andrievskii is the founder of the ANDRIEVSKII SEA WEALTH family office in Cyprus, a member of the advisory board at Bendura Bank AG, Liechtenstein