BAKU, Azerbaijan, October 20. Uzbekistan and
U.S.-based ReElement Technologies agreed to develop and launch a
joint pilot project for advanced critical minerals processing,
Uzbek Investment, Industry and Trade Minister Laziz Kudratov said
following a meeting with company Director Mark LaVerghetta in
Samarkand on October 19.
This was reflected in the statement by Uzbekistan's Ministry of
Investment, Industry and Trade.
The discussions focused on opportunities to process critical
minerals using advanced technologies and introduce modern
processing solutions in Uzbekistan, according to the Uzbek Ministry
of Investment, Industry and Trade.
Additionally, the sides explored potential joint investment
initiatives involving technological solutions for the critical
minerals sector. The agreement to develop and launch a pilot
project followed the meeting, although the parties did not disclose
its scope, investment value, location or implementation
timeline.
ReElement Technologies is a U.S.-based critical minerals
refining company headquartered in Fishers, Indiana. It specializes
in separating and purifying rare earth elements and critical
battery materials using chromatography-based technology, which can
process both mined resources and recycled materials.
The company's technology is designed to recover and refine
materials such as rare earth elements, lithium, nickel, cobalt and
manganese for use in magnets, batteries and other industrial
applications. Its modular processing systems can be deployed at
mining or manufacturing sites and scaled to meet production
requirements.
ReElement is a subsidiary of American Resources Corporation, a
U.S. company focused on critical mineral supply chains and natural
resource development.
