 American Resources Corporation NASDAQ:AREC announced that its subsidiary ReElement Technologies LLC has started engineering, planning and development work for its second lithium ion battery and rare earth magnet recycling and metal recovery facility, which will use its patented chromatography technology to produce 99.9 pure critical battery material and 99.5 rare earth elements. American Resources CEO Mark Jensen said the ReElement division is poised for growth given the demand for domestically produced battery and magnet grade materials. 