American Resources Corporation's ReElement Technologies Produces Ultra-High Purity, 99.96%, Battery-Grade Lithium From Spodumene Bearing Pegmatite Ore
Portfolio Pulse from Benzinga Newsdesk
American Resources Corporation (NASDAQ:AREC) subsidiary, ReElement Technologies, has achieved an ultra-high purity of 99.96% battery-grade lithium carbonate from its patented multi-modal chromatography technology developed in partnership with Purdue University. The technology is scalable and flexible, allowing efficient separation, purification, refining, and recycling of critical elements for the electrified economy. The company expects price volatility around planned battery plants within the U.S. market in the short term.
November 02, 2023 | 12:51 pm
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American Resources Corporation's subsidiary, ReElement Technologies, has achieved a significant milestone in producing ultra-high purity, battery-grade lithium. This could potentially increase the company's market value and attract more investors.
The production of ultra-high purity, battery-grade lithium is a significant achievement for American Resources Corporation. This could potentially increase the company's market value as it shows the company's ability to meet the high demand for lithium in the electrified economy. Furthermore, the company's expectation of price volatility around planned battery plants within the U.S. market indicates that it is aware of the market dynamics and is prepared to navigate them, which could be seen as a positive sign by investors.
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