StocksMedium•21 October 2026•
1 min read
American Resources Signs Agreement for Tungsten Refining in Uzbekistan
Key Facts
1American Resources and its affiliate ReElement signed an agreement with Uzbekistan Technological Metals Complex to advance high-purity tungsten refining.
2The agreement moves the collaboration from a 2025 MOU toward a commercial demonstration program and technology deployment in Uzbekistan.
American Resources and its affiliate ReElement signed an agreement with the Uzbekistan Technological Metals Complex to advance high-purity tungsten refining. ACCESS Newswire reported that the agreement moves the collaboration from a 2025 memorandum of understanding toward a commercial demonstration program and technology deployment in Uzbekistan.
The partnership aims to establish a critical mineral supply chain between the U.S. and Uzbekistan by deploying ReElement's proprietary refining technology. In equity markets, AREC closed at $1.1 on October 20, 2026, having traded between a high of $1.17 and a low of $1.06 during that session.