Agreement signed to develop R1.8bn rare earth, critical battery elements refining facility in Africa

South African multidisciplinary asset manager Novare and ReElement Technologies Corporation, a subsidiary of Nasdaq-listed American Resources Corporation, has announced a R1.8-billion rare earth and critical battery elements refining facility in Africa. Development of the facility is expected to begin in the second half of this year.

Feb 10, 2025 - 16:04
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Agreement signed to develop R1.8bn rare earth, critical battery elements refining facility in Africa
South African multidisciplinary asset manager Novare and ReElement Technologies Corporation, a subsidiary of Nasdaq-listed American Resources Corporation, has announced a R1.8-billion rare earth and critical battery elements refining facility in Africa. Development of the facility is expected to begin in the second half of this year.