American Resources Executes MoU For LFP Black Mass Supply With Duesenfeld; To Refine Recycled Material Feedstock
Portfolio Pulse from Benzinga Newsdesk
American Resources Corporation has signed a Memorandum of Understanding (MoU) with Duesenfeld to receive regular deliveries of high-quality LFP (lithium iron phosphate) black mass, Duesenfeld Black®, which ReElement, a division of American Resources, will refine into battery-grade products. Duesenfeld's technology is recognized for its sustainable processing of end-of-life lithium-ion batteries.
January 11, 2024 | 1:46 pm
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American Resources Corporation's partnership with Duesenfeld to refine LFP black mass into battery-grade products could enhance its position in the battery recycling market and potentially increase revenue streams.
The MoU with Duesenfeld is likely to have a positive short-term impact on AREC's stock price as it secures a supply of key materials for battery recycling, which is a growing industry. The deal may be viewed positively by investors who are focused on sustainability and the growing electric vehicle market.
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