American Rare Earth, a wholly owned subsidiary of American Resources Corporation (NASDAQ: AREC
), owns and is expanding a highly scalable platform of rare earth deposits throughout the eastern United States. The deposits are very unique for the U.S. market for their minimal thorium exposure as well as the environmentally positive method of extraction.
The company's primary collection methods are minimally invasive compared to other producers throughout the world utilizing Natural Hydro Extraction, Advanced AMD and Mineral Spiral Technology to capture and concentrate critical element concentrates at the local level.
"American Rare Earth is changing the dynamics for the domestic supply of critical and rare earth elements for the worlds electrification marketplace. Our projects are highly scalable and can completely disrupt the supply chain and thought process around rare earth extraction and development. We aim to scale at an aggressive pace in terms of production be one of the only environmentally positive critical element producers in the world."
MARK J. Laverghetta
A primary driver to our operating strategy is based not only on maximizing value for our deposits but also creating well deserved jobs for the community and protecting the environment.