AREC Unit Forms JV for Critical Mineral Processing in the Middle East

Group 1: Joint Venture and Strategic Goals - American Resources Corporation's subsidiary, ReElement Technologies Corporation, has partnered with LVC Global Holdings to launch a joint venture named ReElement Middle East, aimed at enhancing the processing of critical minerals and strategic metals in the region [1] - The joint venture addresses the urgent need for localized and sustainable processing capabilities in Saudi Arabia, aligning with the country's Vision 2030 to establish itself as a global hub for critical mineral resources [2] Group 2: Market Demand and Supply Chain - The global demand for critical minerals is projected to quadruple by 2040, with over 75% of processing currently concentrated in China, creating vulnerabilities in the global supply chain [3] - The strategic alliance with LVC Global Holdings aims to secure a robust and resilient supply chain in the Middle East [3] Group 3: Sustainable Processing Solutions - ReElement Technologies aims to provide sustainable solutions for processing and refining critical minerals to battery, magnet, and semiconductor grades through this partnership [4] Group 4: Stock Performance - AREC stock has experienced a decline of 52.5% over the past year, compared to a 17.5% decline in the industry [5]