The partnership showcases Reelement’s value-added features as a scalable, low-cost and clean critical minerals refining platform
Commercial-scale facilities in Ghana to be built with initial refining capacity to produce 30,000 metric tons of battery-grade lithium carbonate per year
ACCRA, GHANA and FISHERS, IN / ACCESSWIRE / December 11, 2023 / A subsidiary of American Resources Corporation (NASDAQ: AREC) (“American Resources” or the “Company”), ReElement Technologies Corporation (“ReElement”), a leading provider of high-efficiency rare earth refining capacity and critical battery cells, today announced that it has joined has joined forces with TECHGULF Ghana Limited, a distinguished technology company, to introduce Africa’s inaugural lithium processing and refining plant in Ghana.
This groundbreaking initiative, which was unveiled during a courtesy call to the Vice President of the Republic of Ghana, His Excellency Dr. Mahamudu Bawumia, marks a major leap forward in Africa’s quest for sustainable energy solutions and economic growth driven by the growing lithium industry. This joint effort reflects a commitment to advancing Ghana’s lithium discovery and supporting global demand for electric vehicle components. The full scope includes improving the value step by introducing ReElement’s high-value technology for the processing and refining of lithium ore in Ghana by Ghanaians in Africa.
In a statement, Dr. Mahamudu Bawumia expressed his excitement about the partnership, stating: “We are delighted to witness the collaboration between ReElement Technologies Corporation and TECHGULF Ghana to establish the first battery grade lithium processing facility in Africa. This initiative aligns perfectly with the Ghana’s commitments to sustainable development and positions the country as a key player in the rapidly evolving electric vehicle sector.”
The joint venture aims to initially build an advanced pilot, training facility for lithium processing in Ghana, emphasizing workforce skills development and knowledge transfer to empower local talent in the growing lithium industry through the University of Mines and Technology (UMaT). . This facility will play a central role in enhancing Ghana’s technological capabilities and promoting innovation in the region. Given ReElement’s unique technological advantages, the Ghanaian commercial-scale refining facility will be built with an initial production capacity of 30,000 metric tons of battery cell-grade lithium carbonate per year, with the ability to modularly expand capacity as lithium-bearing ore feedstock volumes increase in the region.
Mark Jensen, CEO of ReElement Technologies highlighted the strategic importance of the partnership, stating: “We are proud to partner with TECHGULF Ghana on the pioneering lithium processing and refining facility in Africa. This venture underlines our commitment to promoting sustainable technologies and driving economic growth in By combining ReElement’s refining expertise with TECHGULF’s technological capability, we aim to make a significant contribution to the global value chain of electric vehicles and critical minerals.”
TECHGULF Ghana Limited, recognized for its expertise in digital infrastructure development and support, will bring its technological expertise to the partnership. The company’s role in the partnership includes implementing state-of-the-art digital systems for efficient facility operation and facilitating advanced training programs to develop a local workforce.
Commenting on the partnership, Mr. Franklin Asare, CEO of TECHGULF Ghana Limited, said: “We are excited about the prospects of this partnership and the positive impact it will have on the Ghanaian technology landscape. Combining our strengths with ReElement Technologies Corporation, we are confident in our ability to contribute to the sustainable development of the lithium processing industry in Africa.”
The project is set to be a catalyst for economic growth in Ghana by boosting job creation, technology transfer and sustainable practices. Construction of the lithium processing plant and training facility is scheduled to begin in the coming months, with an expected completion date of early 2025.
Learn more about ReElement Technologies process and technology here – video.
About ReElement Technologies LLC
ReElement Technologies LLC, a wholly owned subsidiary of American Resources Corporation (NASDAQ: AREC) is redefining how critical and rare earths are sourced and processed while focusing on recycling end-of-life products such as rare earth permanent magnets and lithium. -ion batteries, as well as carbon-based waste streams and by-products to create a low-cost and environmentally safe circular supply chain. ReElement has developed its innovative and scalable “Conception-Process-Cleanup” process chain coupled with licensed intellectual property including 16 patents and technologies and funded research collaborations with three leading universities to support growing domestic supply chain demand for magnet and battery metals. For more information visit reelementtech.com or connect with the Company at Facebook, Twitterand LinkedIn.
About American Resources Corporation
American Resources Corporation (NASDAQ: AREC) is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company focuses on the mining and processing of metallurgical coal, an essential ingredient used in steelmaking, critical minerals and rare earth minerals for the power market and reprocessed metal for recycling. American Resources has a growing portfolio of operations located in the Central Appalachian Basin of eastern Kentucky and southern West Virginia, where high-grade coal and rare earth metallurgical deposits are concentrated.
American Resources has built a flexible, low-cost, growth-focused business model that provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets, while continuing to acquire operations and significantly reduces the legacy risks of the industry. Its simplified and efficient functions are able to maximize profit margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company at Facebook, Twitterand LinkedIn.
About TECHGULF Ghana Limited
TECHGULF Ghana Limited is a dynamic technology company with a global presence known for its strong capability, advanced capabilities and technical prowess.
As a key player in the technology sector, TECHGULF acts as the primary business partner for various technology companies actively seeking to gain a significant presence in Ghana and other regions of Africa. The company’s commitment to excellence is reflected in its exclusive partnership with Overland Tandberg, where TECHGULF acts as the exclusive reseller of Overland Tandberg’s world-class data storage and archiving solutions across Africa.
With a mission to drive innovation and facilitate technological advancements, TECHGULF is at the forefront of the digital revolution, contributing to the ongoing transformation of Africa’s technology landscape.
Special Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results, performance or achievements or industry results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements are subject to various risks and uncertainties, many of which are beyond American Resources Corporation’s control. The words “believes”, “may”, “will”, “should”, “will”, “could”, “continues”, “seeks”, “anticipates”, “plans”, “expects”, “intends” , “estimates” or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such qualifiers. Any forward-looking statements contained in this press release speak only as of the date of this release. The Company undertakes no obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the intended results or events will be achieved.
Contact with investors:
JTC Team, LLC
Jenene Thomas
833-475-8247
[email protected]
RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
[email protected]
Company contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
[email protected]
TECHGULF Ghana Limited
In Abassah
[email protected]
+233 26 310 8672
SOURCE: American Resources Corporation
See the original Press release at accesswire.com