American Resources Corporation (NASDAQ:AREC) (NASDAQ:AREC) CEO Mark Jensen tells Proactive it has finalized its site selection to build its first commercial scale rare earth element (REE) purification and isolation facility in Noblesville, Indiana.
Jensen says the Fishers, Indiana-based group's site provides 6.9 acres of developable land. The company has a goal of scaling it into an 80,000 square foot facility for purifying and isolating rare earth and critical elements utilizing ligand assisted displacement (LAD) chromatography technology.