
New agreement with Uzbekistan Technological Metals Complex and the Uzbekistan Fund for Reconstruction and Development advances collaboration beyond the November 2025 MOU toward a commercial demonstration program Following successful technical validation of Uzbek-sourced tungsten, ReElement will advance commercial demonstration activities and evaluate future deployment of its advanced refining technology in Uzbekistan Collaboration establishes a new model for U.S.-Uzbekistan critical mineral cooperation focused on domestic value creation, technology deployment, and mutually beneficial supply chains FISHERS, IN / ACCESS Newswire / October 21, 2026 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or "AREC"), together with ReElement Technologies Corporation ("ReElement"), a leading U.S. developer and operator of advanced critical mineral separation and refining technologies in which American Resources maintains a strategic minority interest, today announced the execution of a new agreement with Uzbekistan Technological Metals Complex ("UzTMK") and the Fund for Reconstruction and Development of the Republic of Uzbekistan ("UFRD") to advance their strategic collaboration in tungsten processing and refining. The agreement was signed on October 19, 2026, in Samarkand, Uzbekistan, during the American-Uzbek Business and Investment Council event, held in connection with broader U.S.-Uzbekistan and C5+1 diplomatic and commercial engagements involving President Shavkat Mirziyoyev of Uzbekistan, Saida Mirziyoyeva, Head of the Presidential Administration of Uzbekistan, U.S. Secretary of State Marco Rubio, and U.S. Special Envoy for South and Central Asian Affairs Sergio Gor.










