American Resources Corp

NASDAQ:ARECUnited States

The Defense Industrial Base Consortium aims to diversify and expand a robust and resilient defense industrial base to meet national security needs

FISHERS, IN / ACCESSWIRE / May 17, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") wholly owned subsidiary, ReElement Technologies Corporation ("ReElement"), a leading provider of high performance refining capacity of rare earth and critical battery elements, announces that it has been accepted as a member of the Defense Industrial Base Consortium ("DIBC"), a members-only industry collective of companies with innovative and dynamic technologies that can serve as a conduit to the United States Federal Government for the enhancement of commercialization of technologies that, for this specific consortium, will address defense supply chain issues, develop the industrial workforce, sustain the ability to critical mineral and metals production, commercialize research and development efforts, and assist in rapidly scaling of emerging technologies to build a robust, resilient defense industrial base. With this membership in the consortium, ReElement Technologies will join a few key companies and technologies and will showcase to the federal government the ability to onshore the production of refined defense minerals, such as rare earth elements, critical minerals, and other esoteric metals that ReElement Technologies' patented chromatography process uniquely achieves.