The American Recycling Plant Aims To Transform The United States From A Coal Country To A Rare Earth Power

This week, Hg ventures (an investment arm of the heritage group) and American rare earth LLC (a subsidiary of American Resources Corporation (NASDAQ: Arec)) announced that they are working together to expand the recycling scale of batteries, magnets and e-waste, with the purpose of recycling key minerals and rare earth metals and supplying them to the U.S. and global markets. Rare earth is an important element to realize the electrified economy. Mining rare earth may be challenging because the required materials are either not mined or potential. For example, they are stranded in old coal mines, and the environmental legacy responsibilities are all over North America.

Heritage group, which owns retriev technologies, the largest lithium-ion battery recycler in North America, and American resources, one of the largest owners of mining infrastructure and related assets in eastern Kentucky and West Virginia, aims to solve this problem through agency cooperation and strip rare earths from coal mine tailings in the vast Appalachian coal mining area in the eastern United States, And recycled at a new facility in Noblesville, Indiana.