American Resources Corporation and ReElement Technologies Advance Strategic Partnership with Uzbekistan to Commercially Demonstrate High-Purity Tungsten Refining
Key Highlights
- ➤AREC, ReElement, UzTMK, and UFRD sign agreement advancing tungsten collaboration
- ➤ReElement validates Uzbek tungsten processing into high-purity oxide form
- ➤Commercial demonstration will test processing efficiency, quality, scalability at U.S. facilities
- ➤Preliminary engineering evaluates potential tungsten refining operations in Uzbekistan
- ➤Joint working group coordinates technical, engineering, and economic evaluations
Expert Statements
Mark Jensen, Chairman and CEO of American Resources Corporation and ReElement Technologies
“We are extremely pleased to advance our relationship with UzTMK and UFRD beyond the MOU stage and into a clearly defined commercial demonstration program.”
Mark Jensen, Chairman and CEO of American Resources Corporation and ReElement Technologies
“Our initial success in refining Uzbek-sourced tungsten provides an important technical foundation for this next phase.”
Mark Jensen, Chairman and CEO of American Resources Corporation and ReElement Technologies
“We believe we have reached a pivotal moment when mineral security has never been more important to economic prosperity and national security.”
Mark Jensen, Chairman and CEO of American Resources Corporation and ReElement Technologies
“Cooperation between the United States and Uzbekistan can establish a new model for critical mineral supply chains - one built on collaboration and mutual economic benefit.”
Mark Jensen, Chairman and CEO of American Resources Corporation and ReElement Technologies
“We believe Uzbekistan is the ideal country to pioneer this model of cooperation.”
Mark Jensen, Chairman and CEO of American Resources Corporation and ReElement Technologies
“Our objective is not simply to move raw materials from one country to another, but to deploy technology that creates higher-value products for both countries.”
FISHERS, IN / ACCESS Newswire / October 21, 2026 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or "AREC"), together with ReElement Technologies Corporation ("ReElement"), a leading U.S. developer and operator of advanced critical mineral separation and refining technologies in which American Resources maintains a strategic minority interest, today announced the execution of a new agreement with Uzbekistan Technological Metals Complex ("UzTMK") and the Fund for Reconstruction and Development of the Republic of Uzbekistan ("UFRD") to advance their strategic collaboration in tungsten processing and refining.
The agreement was signed on October 19, 2026, in Samarkand, Uzbekistan, during the American-Uzbek Business and Investment Council event, held in connection with broader U.S.-Uzbekistan and C5+1 diplomatic and commercial engagements involving President Shavkat Mirziyoyev of Uzbekistan, Saida Mirziyoyeva, Head of the Presidential Administration of Uzbekistan, U.S. Secretary of State Marco Rubio, and U.S. Special Envoy for South and Central Asian Affairs Sergio Gor. The signing reflects the growing commitment of both countries to strengthen bilateral economic cooperation, expand investment, and develop more secure and diversified critical mineral supply chains.
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