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The subsidiary plans to expand the rare earth oxide production capacity of the Indiana plant, American Resources (AREC.US) saw a rise in pre-market trading.
American Resources subsidiary ReElement announced that it will expand production equipment at its Noblesville, Indiana plant to meet the growing domestic demand for local rare earth oxides.
American Resources to Expand Rare Earth Oxide Production at Indiana Plant
ReElement's New Equipment Boosts US Rare Earth Oxide Production Amid Supply Chain Surge
American Resources Corp Options Imply 58.1% Move in Share Price Post-earnings
