09:02 AM EDT, 10/09/2024 (MT Newswires) -- American Resources ( AREC ) said Wednesday that its ReElement Technologies unit will expand operations at its Noblesville Customer Qualification Plant to produce rare earth oxides on a daily basis for existing customer orders.

ReElement will manufacture light and heavy rare earth oxides while enhancing its capabilities, American Resources ( AREC ) said.

Additionally, the company said the recent integration of process automation and autonomous chromatographic column operations at Noblesville has tripled production capacity while maintaining labor costs.

American Resources ( AREC ) shares were up nearly 4% in recent premarket activity.

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