American Resources gains on securing investment commitment for expansion

Shares of rare earth and critical battery elements refining firm American Resources AREC.O rise 6.1% to 67 cents premarket

South African investment firm Novare Holdings agrees to be anchor investor in co's subsidiary ReElement Technologies' private capital raise

Novare commits to unlock ~$150 mln in combined equity and debt financing to expand ReElement's refining operations at its 42-acre Marion, Indiana site

As of last close, AREC down 36.8% YTD