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Installation of Three-Phase Power Enables Electrified Materials to Move Forward on Next Phase of Installation of Industrial Shredding and Recycling Machinery
FISHERS, IN / ACCESS Newswire / March 25, 2025 / American Resources Corporation's (NASDAQ:AREC) ("American Resources") announced that its wholly-owned subsidiary, Electrified Materials Corporation ("Electrified Materials" or the "Company"), a recycling solutions provider through the processing and recycling of end-of-life batteries, magnet materials, and other specialty metals, has successfully completed the installation of a key power upgrade at one of its planned operating sites in Noblesville, Indiana. With this power upgrade and installation of a three-phase power transformer, the Company can proceed with the next phase of its operations at this location. This includes the installation and operation of larger-sized, automated, state-of-the-art shredding equipment which will enhance automation, boost productivity and significantly expand operations at this location.
Previously, the Company's operations at its Noblesville, Indiana location were limited to equipment that would operate only on single-phase power, which necessitated the installation of new power lines and transformers to support the increased power usage. With that upgrades now complete, in collaboration with the local power utility, the Company can proceed to the next phase of operational expansion at this site.
Mark Jensen, Chief Executive Officer of American Resources Corporation stated, "We are excited about this next step at the Electrified Materials' Noblesville location as we move into the next phase of operations. This include purchasing and installing automated shredding equipment for batteries, magnets, and specialty materials allowing us to significantly expand our capabilities at this site. This completion of this power upgrade, along with our recent $911,519 matching grant from the Indiana Department of Environmental Management, will greatly support our growth as a business, enabling us to acquire additional shredding equipment and expand our workforce."
About American Resources Corporation
American Resources Corporation (NASDAQ:AREC) is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The American Resources is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.