American Resources Secures $5M Credit Facility from Old National Bank to Boost Rare Earth Mineral Feedstock Acquisition

American Resources Corp (NASDAQ:AREC) has secured a $5 million inventory line of credit from Old National Bank to support the procurement of rare earth and critical mineral feedstocks. The facility will finance the acquisition of end-of-life materials, manufacturing scrap, ores, and concentrates for processing into mineral feedstock by ReElement Technologies, a subsidiary specializing in rare earth and critical minerals refinement. The company has demonstrated the ability to extract and concentrate elements from various sources, including coal-based byproducts, recycled magnet material, and lithium-ion battery waste.