CHIPS™ technology
Search documents
ACRG and Energ4 Launch Commercial Venture to Accelerate U.S. Rare Earth Independence
Globenewswire· 2025-12-05 15:14
Core Viewpoint - The formation of Nexus 7 Elements LLC, a joint venture between American Clean Resources Group Inc. (ACRG) and Energ4 Mining Company LLC, aims to commercialize rare earth element and mineral recovery technology across ACRG's processing hub network, addressing the demand for domestically sourced critical minerals in the U.S. [1][2] Company Overview - American Clean Resources Group Inc. (ACRG) is a critical minerals processing company focused on establishing regional processing centers to recover valuable minerals from tailings and other feedstocks, with a significant facility in Nevada serving as the anchor for expansion across the western United States [9][13]. - Energ4 Mining Company LLC specializes in mineral processing technology, particularly in recovering precious metals and rare earth elements from complex feedstocks [10]. Joint Venture Details - Nexus 7 Elements LLC combines ACRG's feedstock access and infrastructure with Energ4's patented CHIPS™ technology, which is designed to extract rare earth elements from existing feedstocks, thereby supporting U.S. manufacturing independence for renewable energy technologies and military equipment [3][4]. - ACRG holds a 51% ownership stake in the joint venture, while Energ4 holds 49% and will manage day-to-day operations [7]. Technology and Processing Model - The CHIPS™ technology employs a multi-stage electrochemical and sonochemical process to selectively recover critical minerals, emphasizing high recovery rates and minimal environmental impact [8][12]. - The Critical Minerals Processing Hub (CMPH) model aims to create regional processing centers that can efficiently process various feedstocks, thereby supporting domestic supply chains for essential minerals [5][7]. Market Opportunity - The U.S. currently imports over 80% of its rare earth elements, with China controlling about 70% of global processing capacity, highlighting a significant opportunity for domestic processing and production [8]. - Federal agencies are increasingly allocating resources to domestic production of critical minerals, driven by bipartisan recognition of supply chain vulnerabilities, which positions Nexus 7 Elements to capitalize on this market demand [8][10]. Operational Plans - Initial operations will commence at a 207-acre site in Winnie, Texas, which is strategically located for expansion and access to shipping channels, with commercial-scale deployment expected within 12 to 18 months [4][5]. - The facility will serve as a technology development and customer testing center before broader commercial deployment at ACRG's processing hub in Nevada [4].