American Resources Corporation, ReElement Technologies Corporation, announced that it has executed a MOU with Afrivolt Pty Ltd. to support the build-out of Africa's regional and global lithium-ion battery supply chains. The agreement between ReElement and Afrivolt will focus on establishing a comprehensive closed-loop lithium-battery and EV manufacturing ecosystem within Africa utilizing critical minerals mined in regional localities with refining and purification performed by ReElement Africa and its subsidiaries including ReElement Ghana. To support the build out of the African critical mineral ecosystem, ReElement and Afrivolt are dedicated to collaborating with local institutions to cultivate the necessary skills pipeline to provide the high-skilled labor for the next generation of African industry and manufacturing.

ReElement Ghana is already committed to community development, having established a partnership with University of Mines and Technology (UMaT), advocating education exchange programs with Purdue University in West Lafayette, Indiana, USA. The MOU between ReElement and Afrivolt is designed to evolve into a comprehensive collaboration and offtake agreement for ReElement Technologies to support the operation of African gigafactories and supporting regional economic development with nearly all minerals and raw materials sourced regionally from African mines with a specific initial focus on Ghanaian critical minerals. The MOU places a strong emphasis on the development of a comprehensive manufacturing industry that utilizes critical minerals sourced, processed and refined in Africa while involving the local workforce at every step.