American Resources: Rises on plan to build rare earth processing facility

American Resources

17/03/2021 18:30

** Raw material supplier's shares  AREC.O  up 7.8% at $4.59
    ** Co says it would build a two kilowatt rare earth
processing electrolysis facility  urn:newsml:reuters.com:*:nACSJwRbta
    ** Last month, President Biden signed an executive order to
launch an immediate 100-day review of supply chains for four
critical products, including rare earth minerals  urn:newsml:reuters.com:*:nL1N2KU05M
    ** AREC says facility will enable co to determine economics
of each feedstock site and the revenues that will be generated
from the critical and rare earth elements, among other things
    ** Co is in talks with a number of external sites that have
legacy landfills
    ** AREC is up 135.4% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com))