American Resources Corporation Secures $5 Million Credit Facility with Old National Bank to Procure Rare Earth and Critical Mineral Feedstocks

Core Insights - American Resources Corporation has secured a $5 million inventory line of credit with Old National Bank to enhance its supply chain for critical minerals [1] - The credit facility will finance the procurement of end-of-life materials, manufacturing scrap, ores, and concentrates for processing into high-value mineral feedstock [1] Company Overview - American Resources Corporation is focused on developing innovative solutions for the extraction, processing, and recycling of rare earth elements and critical minerals from sustainable sources [1] - The company aims to strengthen the domestic supply of rare earth and critical minerals through its partnership with ReElement Technologies [1] Industry Context - The initiative supports U.S. circular economy efforts by increasing the supply of critical minerals necessary for various industries [1] - The move is significant for the critical mineral supply chain, which is essential for technological advancements and sustainability [1]