- 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.”
Source : https://seekingalpha.com