Zinger Key Points
- ReElement doubles rare earth output at Noblesville; Phase 2 completed in under three weeks.
- Phase 3 to triple capacity; boosts U.S. supply of neodymium, praseodymium, and other key oxides.
- Ready to turn the market’s comeback into steady cash flow? Grab the top 3 stocks to buy right here.
American Resources Corporation AREC shares are trading higher on Monday after the company’s subsidiary disclosed a significant expansion of its operational equipment.
This move aims to meet rising demand for domestically sourced rare earth oxides.
The recent expansion highlights the adaptable and modular design of ReElement Technologies Corporation’s refining platform, allowing the company to swiftly scale operations to meet rising demand for high-purity, U.S.-produced rare earth oxides.
Phase 2 of the growth initiative—spanning design, installation, and commissioning—was completed in under three weeks and has effectively doubled the facility's output of finished rare earth materials.
Work is already underway on a third phase, with equipment expected to arrive within two months.
Once operational, this phase is anticipated to triple the facility’s production capacity compared to Phase 2.
The expansion will notably boost daily refining volumes of key rare earth elements such as neodymium, praseodymium, dysprosium, and terbium.
Jeff Peterson, COO of ReElement Technologies said, “By investing in and leveraging our innovative refining technology, our Noblesville facility is able to rapidly scale to meet the unprecedented customer demand we are seeing from our growing customer base.”
Mark Jensen, CEO of ReElement Technologies, said the site was not originally intended to be commercial.
Growing customer demand following recent global trade shifts makes it an “essential part” of the company’s operations, he explained.
”This latest expansion highlights the flexibility of our platform and our ability to efficiently respond to increasing demand for high-purity rare earth oxides,” he said.
Last week, the company unveiled a new rare earth leaching solution to extract value from coal and mine waste.
The company plans to deploy the leaching solutions across its properties and license units to landowners and mining operators across the globe. The leachate produced will then be supplied to ReElement Technologies as feedstock to be refined into "ultra-pure" rare earth products for domestic and allied-nation magnet manufacturers.
Price Action: AREC shares are up 10.1% at $1.420 premarket at the last check Monday.
Read Next:
Image: Shutterstock
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
