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Hainan Sanya, China

American Resources acquires exclusive rights to Purdue University's rare earth element innovations

2021-02-03 11:56:15   【Print】
On February 2, American Resources Corporation announced that, with the addition of Hasler Ventures LLC, the Company has licensed ligand assisted displacement ("LAD") chromatography patents and knowhow to further expanded its capability in environmentally friendly separation and purification of rare earth elements.

These exclusive patents and technologies, developed at Purdue University, are specific to the processing of separated and pure rare earth metals and critical elements from coal byproducts, recycled permanent magnets and lithium-ion batteries. The agreement will enable American Rare Earth LLC (or "ARE"), a wholly owned subsidiary of American Resources Corporation, to further develop and construct a much-needed environmentally safer domestic supply chain of critical materials.

American Rare Earth's agreements with Hasler Ventures LLC comes in the form of two exclusive licenses: (1) technologies for the separation and purification of rare earth elements from coal, coal byproducts, coal waste and acid mine drainage, utilizing LAD chromatography, and (2) technologies for the extraction and purification of rare earth and critical elements from used or waste permanent magnets and batteries. Both technologies will be used by ARE to further develop its proprietary process chain for domestic commercialization and production of rare earth and critical elements.

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