American Resources Corporation's ReElement Technologies Investment And Offtake Partner Advanced Magnet Lab Receives Notice Of Allowance for Patent For Method Of Manufacturing Permanent Magnets With Powder-In-Tube Process
Portfolio Pulse from Benzinga Newsdesk
Advanced Magnet Lab, Inc. (AML) has received a patent allowance for its innovative method of manufacturing magnets that contain both rare earth and non-rare earth elements. AML is an investment and offtake partner of American Resources Corporation (AREC).
June 30, 2023 | 1:31 pm
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American Resources Corporation's partner, Advanced Magnet Lab, has received a patent for a new magnet manufacturing method. This could potentially increase the value of AREC's investment in AML.
The patent received by AML could potentially increase the value of their technology, and by extension, the value of AREC's investment in them. This could have a positive impact on AREC's stock in the short term.
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