American Resources hits 99.5% purity from recycled EV batteries

American Resources (NASDAQ:AREC) +2.1% says it achieved greater than 99.5% purity of lithium, nickel and cobalt from recycled NMC batteries sourced from the manufacturing process of electric vehicles.
In conjunction with its sponsored research partnership with Purdue University, the company says it utilized its displacement chromatography technology to achieve the results from its exclusive licensed and patented technology.
“Our technology is unique in that it utilizes a cost-effective solution for the final stage of recycling battery metals all the way to the end isolated metals,” American Resources CEO Mark Jensen says.
In an analysis earlier this year, Seeking Alpha contributor Investigating The Stock Market said it is “not advisable to invest in the stock as the company has a lot of challenges.”