American Resources Corporation: Bolstering National Security with Rare Earth Mineral Production
American Resources Corporation (AREC) and its subsidiary, ReElement Technologies Corporation, have recently taken center stage in the discussion of rare earth mineral production and its importance in bolstering national security. In a Virtual Investor “What This Means” segment, Mark Jensen, the CEO of both American Resources and ReElement, shed light on the Company’s efforts to cost-effectively develop in-demand minerals for defense applications.
Background on Rare Earth Minerals
Rare earth minerals are a group of 17 elements that are essential for the production of high-tech products, including smartphones, electric vehicles, wind turbines, and defense technologies. These minerals are not actually rare but are often difficult and expensive to extract and process due to their geological distribution and the complex methods required for their refining.
American Resources’ Role in Rare Earth Mineral Production
American Resources Corporation and ReElement Technologies Corporation are working to change the game in rare earth mineral production. The companies are focusing on domestic production of these minerals to reduce reliance on foreign sources, which can be subject to supply chain disruptions and geopolitical tensions. By establishing a cost-effective and sustainable domestic supply chain, American Resources is not only securing its own business but also contributing to the national security of the United States.
Impact on Individuals
As a consumer, the production of rare earth minerals by American Resources may not have a direct impact on your daily life. However, the availability and affordability of these minerals are crucial for the manufacturing of various products that are an integral part of modern society. The more secure and cost-effective the supply chain, the more accessible these products will be to consumers.
Impact on the World
The production of rare earth minerals by American Resources has far-reaching implications for the global economy and technology landscape. The United States is not the only country seeking to secure its rare earth mineral supply chain. Countries like China, which currently dominates the global market, are also investing heavily in domestic production. This competition could lead to a more balanced global market, with multiple suppliers and reduced price volatility.
Moreover, the increased production of rare earth minerals could lead to advancements in various industries, such as renewable energy, electric vehicles, and defense technologies. The more readily available these minerals are, the faster and more efficiently these industries can innovate and grow.
Conclusion
American Resources Corporation and ReElement Technologies Corporation’s focus on domestic rare earth mineral production is a significant step towards securing national security and reducing reliance on foreign sources. The availability and affordability of these minerals are crucial for the manufacturing of various high-tech products that are an integral part of modern society. As the competition between countries for a stable and cost-effective rare earth mineral supply chain heats up, we can expect to see advancements in various industries and a more balanced global market.
- American Resources Corporation and ReElement Technologies Corporation are working to cost-effectively develop in-demand rare earth minerals for defense applications.
- Rare earth minerals are essential for the production of high-tech products, including smartphones, electric vehicles, wind turbines, and defense technologies.
- Domestic production of rare earth minerals can reduce reliance on foreign sources and contribute to national security.
- The availability and affordability of rare earth minerals are crucial for the manufacturing of various high-tech products.
- Competition between countries for a stable and cost-effective rare earth mineral supply chain could lead to advancements in various industries and a more balanced global market.
