American Resources, Wholly Owned Subsidiary, American Rare Earth LLC Enters Into Joint Venture To Develop And Commercialize Critical Element And Graphene Technologies

  • Joint venture partners with Gerardine Botte, Ph.D., Texas Tech University Professor and Department Chair to develop and commercialize technologies production from carbon-based deposits
  • Dr. Botte is Professor and Whitacre Department Chair in Chemical Engineering at Texas Tech University and is a recognized visionary in Electrochemical Science
  • Dr. Botte appointed to the American Resources Board of Directors and will advise and help to expand the Company's current suite of environmentally positive production methods of Rare Earth and Critical Element Division

FISHERS, IN / ACCESSWIRE / November 24, 2020, / American Resources Corporation (NASDAQ: AREC) ("American Resources" or the "Company"), a next-generation and socially responsible supplier of raw materials to the new infrastructure marketplace, today announced its subsidiary, American Rare Earth LLC, has entered into a joint venture with Gerardine Botte, Ph.D., a Texas Tech University Professor and the Whitacre Department Chair in Chemical Engineering to develop and commercialize technologies for critical elements and graphene production from carbon-based deposits under the newly established and jointly controlled limited liability company, Advanced Carbon Materials LLC ("ACM"). Additionally, the Company has appointment Gerardine (Gerri) Botte, its Board of Directors as an Independent Director.

ACM is a newly formed company in partnership between the Company's wholly-owned subsidiary, American Rare Earth LLC, and Dr. Botte, whereby ACM will focus on developing new technologies for both critical elements (rare earth elements) and graphene production to bring domestic production to the electrification marketplace, including the needs of the Department of Energy, Department of Defense and electric vehicle production. Dr. Botte's extensive work in advanced water treatment ACM will look to license existing technologies in both segments as well as develop new technologies in partnership with Dr. Botte. American Rare Earth LLC will own a 49% equity interest and 95% revenue interest in the new LLC.

Mark Jensen, Chairman, and CEO of American Resources Corporation commented, "We couldn't be more excited to welcome Gerri as a member to our Board of Directors. Gerri brings a wealth of knowledge and experience to our Company that will undoubtedly help steer American Resources and its more forward-thinking initiatives. Gerri will be instrumental in working with all of our technology partners in directing our Critical Element and Rare Earth division on a path of innovation and growth as well as assessing prospective opportunities in graphene and battery production. Gerri's extensive work in advanced water treatment will be integral in our environmentally beneficial, hydro-based, rare earth collection as well as ensuring that our critical element processing methods discharge water in the most environmentally sensitive way. Her energy, spirit and knowledge fit extremely well with the goals of our team and the direction of our Company."

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