Fishing resources

American Resources Corporation – GuruFocus.com

  • Jeff Peterson Promoted to Chief Operating Officer of ReElement Technologies after a Year of Successfully Leading Its Operations Through Commercialization
  • Dr. Yi Ding joins as director of research and development from Purdue University as technical lead of the company’s rare earth purification technology and battery cells
  • Chris Moorman joins as Chief Commercial Officer as Head of Product Sales and Commodity Relations
  • FISHERMEN, IN /ACCESSWIRE/August 4, 2022/ American Resources Corporation (NASDAQ:AREC) (“American Resources” or the “Company”), a next-generation, socially responsible provider of rare earths and critical elements, carbon and advanced carbonaceous materials for the new infrastructure market and Electrification, today announced that its majority-owned division of ReElement Technologies LLC (“ReElement”) has promoted Jeff Peterson to Chief Operating Officer and expanded the ReElement team with the appointments of Dr. Yi Ding as Director of Research and Development and Chris Moorman as Chief Commercial Officer.

    Mark Jensen, CEO of American Resources Corporation, said, “We are excited to move aggressively and strategically to grow our company following an exciting start-up event for business operations at our initial land purification facility. rare and battery elements. Companies are built by a collective group of individuals who share a similar passion, drive, and drive to succeed, and there’s no better person to lead ReElement’s operations than Jeff Peterson, given his performance. demonstrable to date. Jeff has proven his ability to lead by example and prioritize what is necessary to create success for our operations and our shareholders. Likewise, Yi worked with our team during his tenure at Purdue University and is a significant reason we were successful in commercializing the first isolation and purification facility in the United States. for rare earths and battery cells. We couldn’t be happier to have him on the team full time to help drive our business forward in this rapidly changing environment. Finally, Chris is a driven, aggressive and enterprising doer, all of which are key attributes in what it takes to drive sales and build supply chain relationships as we pioneer the building of industry and market for rare earth elements and household and durable batteries. which are produced at the magnet and battery levels in the United States. Chris will be key to our planned aggressive expansion to secure and finalize agreements with raw material and offtake partners. With our growing team, I am confident that the path we have charted will create tremendous value for our investors, customers and the industry as a whole.”

    ReElement Technologies is committed to leading the national supply chain for rare earths and battery elements in the electrified economy. The company has proven its patented chromatographic separation and purification to be a low-cost, scalable, flexible and environmentally safe replacement for existing environmentally and socially toxic alternatives used worldwide for isolation and purification. purification of rare earths and critical elements. As the company executes and expands production at our facilities, we will significantly reduce the United States’ reliance on foreign nations for the supply of these critical raw materials while creating a true circular life cycle.

    Learn more about ReElement Technologies process and technology here – Video.

    Jeff Peterson – Chief Operating Officer
    Jeff brings nearly 20 years of experience in operations, engineering, sales and product development to ReElement Technologies LLC. He began his career as a commissioned officer in the United States Navy serving aboard nuclear-powered submarines. After resigning his commission, Jeff joined Westinghouse Electric Company where he served on the engineering and licensing team in the design and the US Nuclear Regulatory Commission approved the licensing of a first generation III+ pressurized water reactor for commercial electricity production. Jeff then joined Cyient where he was quickly promoted to leadership roles in sales, strategy and product development. He most recently worked with Hitachi Vantara on the North American sales team, selling digital transformation initiatives in key industrial markets. Jeff is a graduate of Purdue University and holds an MBA from the Joseph M. Katz Graduate School of Business at the University of Pittsburgh.

    Dr. Yi Ding – Director of Research and Development
    Dr. Yi Ding received his bachelor’s degree in chemical engineering from Tsinghua University in Beijing in 2016 and his Ph.D. from Purdue University in 2021. Prior to joining ReElement, he worked as a Postdoctoral Research Associate at Purdue University. Her research has focused on multi-dimensional and multi-mode chromatography for the separation and purification of critical materials, including authoring and co-authoring 9 journal publications as well as co-inventing 3 provisional patent applications. Yi is also a recipient of the 2021 Graduate Student Research Award from the American Institute of Chemical Engineering Separation Division. Through its research and development efforts, Yi set out to prove that clean and efficient chromatography processes for the purification of critical materials can be the engine of a sustainable and circular economy.

    Chris Moorman – Commercial Director
    Chris Moorman brings a wealth of experience to his role as Chief Marketing Officer. Since learning risk management as a commodity options market maker on the NYMEX trading floor, Chris has founded and exited several companies in a variety of industries, from data center development to consumer goods. consumption through the design of artificial intelligence platforms. His experience in developing new markets will be key in shaping the national circular supply chain for the electrification economy. He is a graduate of Purdue University and serves on the boards of Fishing‘s Future, a national leader in angler education, and the Kurt Vonnegut Memorial Library.

    American Resources continues to focus on running efficient, streamlined operations by being a new-age raw material supplier to the infrastructure and electrification market in the most sustainable way, while helping the world achieve its carbon neutrality objectives. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation strives to maximize value for its investors by positioning its vast base of assets to better adapt to a new economy, while being able to adapt its operations to meet the growth of the markets it serves.

    About American Resources Corporation
    American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials for the new infrastructure market. The Company focuses on the mining and processing of metallurgical carbon, an essential ingredient used in the manufacture of steel, critical minerals and rare earths for the electrification 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 deposits of premium metallurgical carbon and rare earth minerals are concentrated.

    American Resources has established an agile, low-cost, growth-focused business model that provides a significant opportunity to adapt its asset portfolio to meet the growing global infrastructure and electrification markets while by continuing to acquire operations and significantly reduce their legacy industrial risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information, visit americanresourcescorp.com or connect with the company on Facebook, Twitter and LinkedIn.

    About ReElement Technologies LLC
    ReElement Technologies LLC is redefining the way critical elements and rare earths are both mined 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 waste streams and coal-based by-products. to create a low-cost and environmentally friendly circular supply chain. American Rare Earth has developed its innovative and scalable solution “Capture-Proceed-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 nation’s growing supply chain demand for metals for magnets and batteries. For more information, visit reelementtech.com or connect with the company on Facebook, Twitter and LinkedIn.

    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 industry achievements or results differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond the control of American Resources Corporation. The words “believe”, “may”, “will”, “should”, “do”, “could”, “continue”, “seek”, “anticipate”, “plan”, “expect”, ” intends”, “estimates” or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All forward-looking statements included 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 projected results or events will occur.

    Contact PR
    Precision PR
    Matt Sheldon
    917-280-7329
    [email protected]

    Investor contacts:
    JTC Team, LLC
    jenene thomas
    833-475-8247
    [email protected]

    Companies RedChip 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]

    THE SOURCE: American Resource Company

    See the source version on accesswire.com:
    https://www.accesswire.com/710793/American-Resources-Corporation-Bolsters-and-Expands-ReElement-Technologies-Team-with-Key-Hires