AREC - American Resources reaches 99.5% neodymium purity from waste magnets

American Resources (AREC) +30.3% pre-market on news it achieved a high purity of rare earth element neodymium using its ligand assisted displacement chromatography process and technology.Through the recycling of waste permanent magnets, the company says it was able to separate, isolate and purify the inherent neodymium to a 99.5% purity, a standard required for high quality permanent magnet manufacturing.American Resources' purification technology that is able to produce isolated rare earth elements at a 99.5% purity or greater is "a game changer for the commercialization and manufacturing of permanent magnets," CEO Mark Jensen says."Any high-level gain [in American Resources shares] without fundamental and macro backups will eventually taper out since the share price will correct itself again," Investigating The Stock Market writes in an analysis published recently on Seeking Alpha.

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American Resources reaches 99.5% neodymium purity from waste magnets