American Resources secures $5M credit line to expand critical mineral feedstock supply

Описание: American Resources Corp CFO Kirk Taylor joined Steve Darling from Proactive to announce that the company has secured a $5 million inventory line of credit with Old National Bank, a financing milestone that strengthens its ability to scale critical mineral operations. The new credit facility will enable American Resources to finance the acquisition of end-of-life materials, manufacturing scrap, ores, and concentrates that will be processed into high-value mineral feedstocks.

These feedstocks will be supplied to ReElement Technologies, American Resources’ minority-owned subsidiary and a leading U.S.-based refiner, for advanced separation, purification, and refinement into domestically produced, high-purity rare earth and critical mineral products. The financing is designed to directly support the rapid expansion of material flowing into ReElement’s refining platform.

Taylor told Proactive that the agreement provides the company with greater liquidity and operational flexibility, allowing American Resources to accelerate its feedstock acquisition strategy while expanding the volume and diversity of material entering the processing stream. He emphasized that the credit facility aligns with the company’s broader strategy to build a resilient, U.S.-based supply chain for rare earths and other strategic materials.

Through its affiliation with ReElement Technologies, American Resources has already validated its ability to extract and concentrate rare earth elements from a wide range of input materials. These include coal-based byproducts, end-of-life permanent magnet materials, lithium-ion battery waste, and various forms of manufacturing scrap. This diversified feedstock capability positions the company to respond to growing domestic demand for critical minerals used in clean energy, defense, and advanced manufacturing.

The agreement with Old National Bank represents another meaningful step in advancing a circular, U.S. based critical mineral economy. Together, American Resources, ReElement Technologies, and Old National Bank are accelerating the recovery, refinement, and reuse of essential materials that underpin America’s industrial base, strengthen national security, and enhance long-term economic competitiveness.


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