 American Resources Corporation NASDAQ:AREC has announced that its American Rare Earth subsidiary is furthering its feasibility study of the lithium, cobalt, and rare earth elements present in its various deposits among its 20,000 controlled acres in Central Appalachia. The company said the lands have demonstrated the potential to contain lithium and cobalt as part of its overall mix of elements, primarily through coal waste deposits and waste streams that possess other favorable cost attributes when processed with its patented electrolysis technology. 