American Resources & ReElement Extend Antimony Refining Deal

Core Insights - American Resources Corporation (AREC) and ReElement Technologies Corporation have expanded their antimony tolling agreement, allowing ReElement to refine stibnite ore into ultra-pure antimony products for both defense and commercial markets [1][3]. Agreement Details - The revised agreement spans a 10-year term with automatic renewals, securing long-term supply deals. Initial tolling revenues are expected to exceed $29 million annually, with potential for significant growth due to increasing domestic demand [2][7]. - The partnership will start processing approximately 500 metric tons per month of stibnite ore, with the capacity to expand based on market demand [5][7]. Market Context - Antimony oxide and antimony sulfide are crucial compounds, with the global market for antimony oxide valued at around $852 million in 2023, projected to grow at a compound annual growth rate (CAGR) of 4.9% to approximately $1.43 billion by 2034 [4]. - Antimony is utilized in various applications, including ammunition, missiles, flame retardants, batteries, and solar panels [4]. Strategic Positioning - AREC and ReElement are well-positioned to scale their operations and explore new feedstock opportunities as they ramp up refining capacity at their Marion, IN facility and consider additional sites domestically and internationally [3].