$5 Million Credit score Facility Positions American Sources to Broaden Essential Mineral Feedstock Provide and Advance U.S. Round Financial system Initiatives
Facility Strengthens Feedstock Provide for Home Uncommon Earth & Essential Mineral Refining By ReElement Applied sciences
FISHERS, IN / ACCESS Newswire / December 3, 2025 / American Sources Company (NASDAQ:AREC) (“American Sources” or the “Firm”), a frontrunner within the crucial mineral provide chain creating revolutionary options for the extraction, processing and recycling of uncommon earth components and important minerals from sustainable sources, at present introduced it has secured a $5 million stock line of credit score with Previous Nationwide Financial institution.
The credit score facility allows American Sources to finance the procurement of end-of-life materials, manufacturing scrap, ores and concentrated to be processed into high-value mineral feedstock. These feedstocks might be provided to ReElement Applied sciences – American Sources’ minority-owned subsidiary and a number one U.S. refiner – for superior separation, purification, and refinement into home, high-purity uncommon earth and important mineral merchandise.
“This collaboration with Previous Nationwide Financial institution offers us with the liquidity and adaptability to speed up our feedstock acquisition technique and increase the fabric coming into ReElement Applied sciences’ refining platform,” mentioned Kirk Taylor, Chief Monetary Officer of American Sources Company. “Previous Nationwide’s long-standing dedication to supporting regional development and revolutionary industries aligns instantly with our mission to construct a safe, sustainable and globaly aggressive crucial mineral provide chain inside america.”
“Previous Nationwide Financial institution is happy to supply financing that empowers American Sources Company to pursue revolutionary and accountable uncommon earth processing,” mentioned Sandy Miller, Senior Director of Enterprise Banking, Previous Nationwide Financial institution. “Supporting enterprise development is important to constructing stronger, extra vibrant communities, and we’re proud to play a job in serving to companies increase and succeed.”
By its affiliation with ReElement Applied sciences, American Sources has validated the flexibility to extract and focus uncommon earth components – together with neodymium (Nd), praseodymium (Pr), dysprosium (Dy), terbium (Tb), gadolinium (Gd), and yttrium (Y) from numerous inputs together with coal-based byproducts, end-of-life magnet materials, lithium-ion battery waste, and manufacturing scrap. The Firm additionally controls greater than 120 million tons of pre-mined, totally permitted coal-based byproducts throughout Kentucky and West Virginia, supported by present logistic and assist infrastructure. These sources allow the quickest speed-to-market and lowest price home pathway for producing high-value uncommon earth concentrates for conversion into high-purity refined oxides.
This settlement marks one other significant step in advancing a round, U.S.-based crucial mineral financial system. Along with Previous Nationwide Financial institution and ReElement Applied sciences, American Sources is accelerating the restoration, refinement, and reuse of important supplies that assist America’s industrial base, nationwide safety, and long-term financial competitiveness.
About American Sources Company (NASDAQ:AREC)
American Sources Company is a frontrunner within the crucial mineral provide chain, creating revolutionary options each upstream and downstream of the refining course of. The corporate and its associates deal with the extraction and processing of metallurgical carbon and iron ore, important substances in steelmaking, in addition to crucial and uncommon earth minerals for the electrification market and recycled metals.
Leveraging its affiliation and former mum or dad standing of ReElement Applied sciences Company, a number one supplier of high-performance refining capability for uncommon earth and important battery components, American Sources is investing in and creating environment friendly upstream and downstream crucial mineral operations. These operations embody mining pursuits in typical and unconventional sources, recycling, and manufacturing.
American Sources has established a nimble, low-cost enterprise mannequin centered on development, which offers a big alternative to scale its portfolio of belongings to satisfy the rising international infrastructure and electrification markets whereas additionally persevering with to accumulate operations and considerably scale back their legacy business dangers. Its streamlined and environment friendly operations are capable of maximize margins whereas decreasing prices. For extra data go to americanresourcescorp.com or join with the Firm on Fb, Twitter, and LinkedIn.
About ReElement Applied sciences Company
ReElement Applied sciences Company, a portfolio firm of American Sources Company (NASDAQ:AREC), is a number one supplier of high-performance refining capability for uncommon earth and important battery components. Its multi-mineral, multi-feedstock platform know-how focuses on the refining of recycled materials from uncommon earth everlasting magnets and lithium-ion batteries, concentrated ores and brines, in addition to coal-based waste streams and byproducts to create a value efficient and environmentally-safe, round provide chain. ReElement has developed its revolutionary and scalable “Powered by ReElement” course of which collaboratively makes use of its completely licensed mental property inside its companions’ materials processing circulate sheets to extra effectively assist the worldwide provide chain’s rising demand for magnet and battery-grade merchandise. For extra data go to reelementtech.com or join with the Firm on Fb, Twitter, and LinkedIn.
About Previous Nationwide Financial institution (NASDAQ:ONB)
Previous Nationwide Bancorp is the holding firm of Previous Nationwide Financial institution. Because the sixth largest industrial financial institution headquartered within the Midwest, Previous Nationwide proudly serves purchasers primarily within the Midwest and Southeast. With roughly $71 billion of belongings and $38 billion of belongings below administration, Previous Nationwide ranks among the many high 25 banking corporations headquartered in america. Tracing its roots to 1834, Previous Nationwide focuses on constructing long-term, extremely valued partnerships with purchasers whereas additionally strengthening and supporting the communities it serves. Along with offering in depth companies in shopper and industrial banking, Previous Nationwide provides complete wealth administration and capital markets companies. For extra data and monetary information, please go to Investor Relations at oldnational.com. In 2025, Factors of Mild named Previous Nationwide one in every of The Civic 50 – an honor reserved for the 50 most community-minded corporations in america.
Particular Word Relating to Ahead-Trying Statements
This press launch comprises “forward-looking statements” inside the that means of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements contain recognized and unknown dangers, uncertainties, and different essential elements that would trigger the Firm’s precise outcomes, efficiency, or achievements or business outcomes to vary materially from any future outcomes, efficiency, or achievements expressed or implied by these forward-looking statements. These statements are topic to a lot of dangers and uncertainties, a lot of that are past American Sources Company’s management. The phrases “believes”, “might”, “will”, “ought to”, “would”, “might”, “proceed”, “seeks”, “anticipates”, “plans”, “expects”, “intends”, “estimates”, or related expressions are supposed to establish forward-looking statements, though not all forward-looking statements include such figuring out phrases. Any forward-looking statements included on this press launch are made solely as of the date of this launch. The Firm doesn’t undertake any obligation to replace or complement any forward-looking statements to replicate subsequent occasions or circumstances. The Firm can not guarantee you that the projected outcomes or occasions might be achieved.
Investor Contact:
JTC Workforce, LLC
Jenene Thomas
(908) 824 – 0775
arec@jtcir.com
Media Inquiries:
Marjorie Weisskohl
703-587-1532
mweisskohl@allseasonspr.com
Firm Contact:
Mark LaVerghetta
317-855-9926 ext. 0
investor@americanresourcescorp.com
SOURCE: American Sources Company
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