American Resources, Novare partner to develop Africa’s first critical elements refinery

ReElement Technologies, a subsidiary of American Resources Corporation, has entered into a partnership with Novare Holdings, a South African investment holding company, to develop integrated refining facilities across Africa with an investment of $100m.

The collaboration marks progress towards establishing the continent’s “inaugural” critical and rare earth element refining facility, which will use ReElement’s exclusive refining technology.

The facility will produce high-purity lithium carbonate, rare earth oxides and other essential minerals.

It will be supplied with locally and regionally sourced raw materials to support growing demand in the battery and defence industries within both Africa and North America.

ReElement Technologies will contribute its advanced chromatographic separation and purification platform technology along with project management expertise, under the partnership.

According to the company, its multi-mineral, multi-feedstock critical mineral technology provides a “scalable” and “cost-effective” solution for separating, purifying and refining rare earth and critical elements through an environmentally sustainable process.

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Your download email will arrive shortly

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

ReElement Technologies Africa CEO Ben Kincaid said: “This partnership reflects our commitment to innovation in the critical minerals sector. Together with Novare, we are bringing innovative refining technology to the region, enabling nations to enhance and capture the value of their natural resources and catalyse industrial economic development on the continent.

“South Africa-based Novare will lead the way forward, modelling how African nations can and must serve as primary stakeholders in the global supply chain for critical minerals.”

ReElement Technologies aims to begin the development of the refining facility by the second half of 2025 (H2 2025). Novare will provide the necessary capital investment along with operational management.

The project will be managed by an existing operating entity based in Africa.

Novare Group CEO Ola Leepile said: “Novare is excited about this collaboration’s potential for securing reliable and quality critical mineral supplies. It aligns seamlessly with our vision of being an impactful investor by establishing sub-Saharan Africa’s first battery and critical minerals manufacturing facility.

“Through this partnership, we are confident that value addition and resource beneficiation can be achieved locally.”

As American Resources expands and scales production across its own and partner facilities, it will play a “key role” in reducing US dependence on foreign sources of critical raw materials, while also fostering a circular life cycle solution, according to the company.