Electrified Materials, a wholly-owned subsidiary of American Resources, has finalized and signed all agreements related to a $911,519 matching grant awarded through the Indiana Department of Environmental Management’s Waste Diversion Project.

The funding will support the purchase of advanced equipment for the preprocessing and recycling of rare earth magnets, critical minerals and defense materials.

Electrified Materials has access to a 135-acre site in Noblesville, Indiana, where it intends to expand its operations focused on end-of-life rare earth magnets, lithium-ion batteries and defense metals. The company received an environmental permit last month to preprocess and recycle products containing copper, aluminum and ferrous metals at the site.

The company has its origins in reclaiming former thermal coal mines and industrial sites and says it is committed to cleaning up old infrastructure left behind from the declining mining industry. It will leverage its regional logistics and infrastructure to preprocess end-of-life waste such as wind turbines, EV motors, lithium-ion batteries, consumer power tools and e-waste, to supply concentrates to ReElement Technologies for further refinement into manufacturing-grade final products, ready to reenter the US supply chain.

“Electrified Materials is deploying state-of-the-art processes and equipment to break down rare earth magnets, battery materials, and defense metals. These feedstocks are then utilized by ReElement Technologies’ platform to produce high-purity rare earth oxides, battery materials, semiconductor materials, and other critical materials—right here in the heartland of America,” said Mark Jensen, Chairman and CEO of American Resources.

Source: American Resources