American Resources shares are trading higher after the company announced it began the daily production of 99.5%+ purified light (ND, Pr) and heavy (Dy, Tb) rare earth elements at the Noblesville plant to support the domestic supply chain.
Portfolio Pulse from Benzinga Newsdesk
American Resources Corporation has started daily production of high-purity rare earth elements at its Noblesville plant, boosting the domestic supply chain. This development has led to an increase in the company's share price.
October 09, 2024 | 4:38 pm
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American Resources Corporation has commenced daily production of 99.5%+ purified rare earth elements at its Noblesville plant, enhancing the domestic supply chain. This positive development has resulted in a rise in the company's stock price.
The initiation of daily production of high-purity rare earth elements is a significant operational milestone for American Resources. This enhances their product offerings and strengthens the domestic supply chain, which is likely to positively impact their stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100