1. American Resources Corporation (NASDAQ:AREC)
Stock Upside Potential: 115.79%
Number of Hedge Fund Holders: 11
American Resources Corporation (NASDAQ:AREC) is one of the best rare earth stocks to buy right now. On March 31, American Resources Corporation (NASDAQ:AREC)’s minority holding unit, ReElement Technologies Corporation, entered into a strategic collaboration with Mitsubishi Materials.
The two are joining forces to develop integrated, scalable solutions that can enhance supply chain resilience. They also intend to support domestic and local manufacturing capabilities. The collaboration will also focus on enhancing ReElement’s refining operations through feedstock sourcing. It should also support tolling and uptake of offtake opportunities that can enable continued expansion of domestic refining capacity.
In Japan, Mitsubishi Materials and the American Resources Corporation unit are to evaluate and commercialize rare-earth and critical-mineral recycling solutions. The partnership is to leverage MMC’s recycling infrastructure and ReElement’s proprietary chromatographic refining platform.
ReElement’s innovative chromatography-focused separation and purification technology enables the effective processing of various feedstocks, including recycled materials, mining waste, and primary ores, into high-purity critical mineral products.
On the other hand, American Resources Corporation regained compliance with the Nasdaq Listing Rule by filing a timely proxy statement and holding an annual meeting of stockholders. The matter regarding compliance with the rule is now closed.
American Resources Corporation (NASDAQ:AREC) is a raw materials provider focusing on the extraction, processing, and recycling of critical minerals and carbon for the infrastructure and electrification markets. The company produces rare earth elements (REE), critical minerals, and metallurgical coal, while developing sustainable, low-cost technologies for high-demand, non-Chinese supply chain alternatives.
While we acknowledge the potential of AREC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AREC and that has 100x upside potential, check out our report about the cheapest AI stock.
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