ReElement Technologies, a minority‑owned subsidiary of American Resources Corporation (AREC), entered into a commercial processing agreement with Electronic Recyclers International (ERI) on November 20, 2025. Under the deal, ERI will aggregate and pre‑process end‑of‑life magnet materials at its eight U.S. recycling centers, feeding the feedstock into ReElement’s chromatographic separation platform to produce high‑purity rare‑earth oxides for mobility, defense, and advanced technology customers.
The partnership is a key step in ReElement’s strategy to build a domestic, circular supply chain for critical minerals. ERI’s capacity to process over a billion pounds of electronic waste annually and its nationwide collection network give ReElement a steady stream of magnet‑grade feedstock, while ReElement’s Noblesville, Indiana facility is already producing 99.99%+ pure rare‑earth oxides and is slated to shift commercial output to its 400,000‑square‑foot Marion, Indiana complex in early 2026.
For American Resources Corporation, the agreement represents a new revenue source that complements its broader transformation from a legacy coal business to a critical‑minerals platform. Despite recent financial challenges—including negative EBITDA and declining revenue over the past three years—AREC’s management has emphasized that the partnership will help stabilize cash flows and support the scaling of its critical‑minerals operations.
"ERI is a trusted partner to leading U.S. technology companies and hyperscalers, and their ability to efficiently source and process recycled magnet material is unmatched," said Mark Jensen, Chairman and CEO of ReElement Technologies. "This new relationship will open the door for a whole new wave of U.S.-based capabilities in the rare‑earth realm that will have both domestic and global implications."
John Shegerian, Chairman and CEO of ERI, added, "By partnering with ReElement, we are accelerating the development of a domestic rare‑earth supply chain that reduces dependence on foreign sources and supports national security interests."
The deal aligns with growing demand for ultra‑pure rare‑earth oxides used in electric‑vehicle batteries, high‑performance magnets, and defense systems. Analysts note that the U.S. government’s focus on securing critical‑minerals supply chains and the rapid expansion of the electric‑vehicle market are tailwinds that could drive long‑term growth for ReElement and AREC.
While the announcement does not include immediate financial metrics for the partnership, it signals a strategic shift that could improve AREC’s financial outlook. The company’s prior quarter revenue decline and negative EBITDA underscore the importance of new revenue streams, and management has indicated that the partnership will support the scaling of its critical‑minerals platform and help offset legacy coal business headwinds.
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