American Resources Corporation (NASDAQ:AREC) said it has appointed ‘seasoned executive’ Jeff Peterson as a senior member to the company's American Rare Earth division. In his role, Peterson will focus on the deployment and commercialization of American Resources’ Rare Earth division's processing, isolation and purification technology suite, as well as broadening the supply of certain critical and rare earth element feedstocks. With nearly 20 years of experience in operations, engineering, sales, and product development, Peterson began his career as a Commissioned Officer in the United States Navy serving onboard nuclear-powered submarines. READ: American Resources grows supply chain for waste permanent magnets and lithium-ion batteries to be recycled for rare earth minerals After leaving the Navy, Peterson went on to join Westinghouse Electric Company where he served as part of the engineering and licensing team in the design of a first-of-its-kind Generation III+ pressurized water reactor for commercial electricity generation. From there, he joined Cyient where he was rapidly promoted to sales, strategy, and product development leadership roles. "As we continue to execute on our American Rare Earth business plan, we are encouraged by the opportunities that we are seeing to create and foster a sustainable supply chain of rare earth and critical minerals. We strongly believe that blending such a supply chain with our innovative, process-chain technologies will create the most environmentally safe sources of these important materials ever developed,” Mark Jensen, CEO of American Resources Corporation said in a statement. “As the electrification movement continues to accelerate, we feel it is exceedingly important to complement that movement with an efficient and environmentally safe circular lifecycle of raw materials. The addition of Jeff to our team, with his experiences and proven track record, will assist us in achieving these goals more effectively." American Resources is focused on running efficient streamlined operations while also being a new-aged supplier of raw materials to the infrastructure and electrification marketplace. "It's very exciting to be joining the American Resources team at this point in the company's evolution,” Peterson commented. He continued: “They have shown their ability to innovate their business lines to meet the demand of the rapidly changing infrastructure markets and to solve problems that have been facing the carbon industry while also addressing those facing the critical and rare earth domestic supply chain and marketplace. We have a tremendous opportunity to not only fill the demand for those raw materials but to also bring them to the market in the most sustainable and environmentally conscious ways." Contact the writer at georgia@proactiveinvestors.com Follow her on Twitter @MissInformd
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