American Resources Corp. Acquires Rights to Environmentally Critical Purification Tech

American Resource Corp. acquired exclusive rights to critical rare-earth element separation and purification technologies from Hasler Ventures LLC and Purdue University, the company announced. The acquisition expands the company’s capabilities in environmentally friendly separation and purification systems and technology.

The acquired method uses ligand-assisted chromatography for the separation and purification of rare earth and other critical elements from coal, coal byproducts, and recycled permanent magnets and lithium ion batteries. The technology was developed in the laboratory of Linda Wang, Purdue’s Maxine Spencer Nichols Professor of Chemical Engineering.

In connection with the agreement, American Resources has committed to a three-year sponsored research program with Purdue and Wang to continue advancing the technology. That work will begin immediately, a press release from Purdue stated. Additionally, Dan Hasler, founder and president of Hasler Ventures, will represent American Resources in subsequent sub-licensing and partnership opportunities, and as an adviser to the company.