Quest Energy
The Early Days
Quest Energy, later to become American Resources Corporation, began with co-founders Mark Jensen and Thomas Sauve investing in diverse energy and natural resource assets linked to critical infrastructure such as metallurgical coal processing with the goal to improve and steward those assets back to their true value.
American Resources Corporation
The NASDAQ-Listed Parent Organization
In 2017, Jensen and Sauve expanded the Quest Energy team and brought the company public. Now known as “American Resources,” the company began operating key metallurgical coal assets in Eastern Kentucky. It was through those operations the founders discovered valuable rare earth elements in their coal pond tailings and processing byproducts. That discovery led to their deep dive into technologies that could recover those valuable rare earth elements cost-effectively.
American Rare Earth
The Start of Something Big
In June 2020, American Rare Earth was created as a fully-owned subsidiary of American Resources Corporation. American Rare Earth licensed the patent to commercialize Professor Linda Wang’s chromatography technology from Purdue University with the initial scope to recover and refine rare earth elements from manufacturing byproducts and recycled permanent magnets.
ReElement Technologies
Poised to Rewrite Global Supply Chains
American Rare Earth quickly grew and attracted global attention for the technology’s effectiveness in recovering and refining both rare earth elements and critical battery elements from cathode active materials. By 2022, it was clear the original American Rare Earth project had grown a life of its own and was poised to completely disrupt the global rare earth element and lithium battery supply chains. In July 2022, American Rare Earth was rebranded “ReElement Technologies Corporation,” and is now expected to spin-off into its own company separate from the parent organization, American Resources Corporation.
