ReElement Technologies, TECHGULF to launch Africa’s first lithium processing plant in Ghana

American Resources Corporation’s cutting-edge subsidiary, ReElement Technologies Corporation, has joined forces with TECHGULF Ghana Limited, a prominent technology firm, to introduce Africa’s inaugural lithium processing plant in Ghana.

This ground-breaking initiative, unveiled during a courtesy call on the Vice President of the Republic of Ghana, His Excellency Dr. Mahamudu Bawumia, signals a significant leap forward in Africa’s quest for sustainable energy solutions and economic development driven by the growing lithium industry.

ReElement Technologies Corporation, renowned for its expertise in high-performance refining capacity of rare earth and critical battery elements, will spearhead the lithium processing plant’s establishment. This collaborative effort reflects a commitment to advancing Ghana’s lithium discovery and supporting the global demand for electric vehicle components. The full scope includes improving the value step by importing high-value technology in processing and refining lithium ore in Ghana by Ghanaians in Africa.

In a statement, Dr. Mahamudu Bawumia expressed his enthusiasm for the partnership, stating, “We are delighted to witness the collaboration between ReElement Technologies Corporation and TECHGULF Ghana in establishing Africa’s first battery-grade lithium processing plant. This initiative aligns seamlessly with Ghana’s commitment to sustainable development and positions the country as a key player in the rapidly evolving electric vehicle sector.”

The joint venture aims to construct an advanced training facility for lithium processing, in Takoradi emphasizing skill development and knowledge transfer to empower local talent in the burgeoning lithium industry through the University of Mines and Technology (UMaT). This facility will play a pivotal role in enhancing Ghana’s technological capabilities and fostering innovation in the region.

Mr. Mark Jensen, Chairman and CEO of ReElement Technologies Corporation, highlighted the strategic importance of the partnership, stating, “We are proud to collaborate with TECHGULF Ghana in pioneering Africa’s first lithium processing plant. This venture underscores our commitment to advancing sustainable technologies and fostering economic growth in the region. By combining ReElement’s refining expertise with TECHGULF’s technological prowess, we aim to contribute significantly to the global electric vehicle value chain.”

TECHGULF Ghana Limited, recognised for its specialization in the development and support of digital infrastructure, will bring its technological acumen to the partnership. The company’s role in the collaboration includes the implementation of cutting-edge digital systems for efficient plant operations and facilitating advanced training programs for local workforce development.

Commenting on the partnership, Mr. Franklin Asare, CEO of TECHGULF Ghana Limited, said, “We are excited about the prospects of this collaboration and the positive impact it will have on Ghana’s technology landscape. By combining our strengths with ReElement Technologies Corporation, we are confident in our ability to contribute to the sustainable growth of the lithium processing industry in Africa.”

The project is poised to be a catalyst for economic development in Ghana, fostering job creation, technology transfer, and sustainable practices. The construction of the lithium processing plant and training facility is slated to commence in the coming months, with an anticipated completion date in early 2025.

About ReElement Technologies Corporation

ReElement Technologies Corporation, a majority owned subsidiary of American Resources Corporation (NASDAQ:AREC) is redefining how critical and rare earth elements are both sourced and processed while focusing on the recycling of end-of-life products such as rare earth permanent magnets and lithium-ion batteries, as well as coal-based waste streams and by-products to create a low-cost and environmentally-safe, circular supply chain.

ReElement has developed its innovative and scalable “Capture-Process-Purify” process chain in conjunction with its licensed intellectual property including 16 patents and technologies and sponsored research partnerships with three leading universities to support the domestic supply chain’s growing demand for magnet and battery metals.

For more information visit reelementtech.com or connect with the Company on Facebook, Twitter, and 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 is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centred on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations can maximize margins while reducing costs.

For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.