American Resources and ReElement Forge Tungsten Supply Chain Agreement with Uzbekistan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 10 2025
0mins
Should l Buy AREC?
Source: SeekingAlpha
Strategic Partnership: American Resources (AREC) has formed a strategic partnership with ReElement Technologies and Uzbekistan's TMK LLC to develop a critical mineral value chain, starting with tungsten sourcing and refining.
Tungsten Supply Chain: The agreement involves brokering tungsten concentrate from TMK for refining into high-purity tungsten in the U.S. to meet the increasing demands of the government and industrial sectors.
Joint Working Group: A joint working group will be established to conduct feasibility studies, define investment structures, and coordinate project implementation.
Expansion Plans: The partnership aims to leverage Uzbekistan's natural resources and ReElement's refining capabilities, with plans to expand beyond tungsten to include germanium, lithium, and rare earth elements.
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Analyst Views on AREC
Wall Street analysts forecast AREC stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.830
Low
5.00
Averages
6.00
High
7.00
Current: 2.830
Low
5.00
Averages
6.00
High
7.00
About AREC
American Resources Corporation is a raw materials solutions provider in the critical materials space for the rare earth magnet, lithium-ion battery and semiconductor elements supply chain for defense and commercial applications. Its primary operations are the production of rare earth and critical mineral concentrates through its internal operations from mining waste streams as well as through investment in various mines and recyclers that produce such concentrates. It has a portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia. Its subsidiary is American Infrastructure Corporation (AIC). Its AIC has coal mining and processing operating subsidiaries, which include McCoy Elkhorn Coal LLC, Knott County Coal LLC, Deane Mining, LLC (Deane Mining), Wyoming County Coal LLC (Wyoming County), Perry County Resources (Perry County), and ERC Mining Indiana Corporation (ERC) located in southwest Indiana within the Illinois coal basin.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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