American Resources forms Indo-Pacific unit, names Malaysia-based CEO

American Resources Corporation (NASDAQ: AREC) announced the formation of American Resources Indo Pacific and the appointment of Datuk Wira Mark Ling as its chief executive officer, according to a company press release dated October 14, 2026.

The new entity will focus on developing a rare earth supply chain in Malaysia, spanning upstream mining, separation and refining, digital traceability, and downstream industrial applications. The refining operations are planned to use proprietary processing technologies from ReElement Technologies Corporation, in which American Resources holds a strategic minority stake.

Datuk Wira Mark Ling previously served as President and Executive Director of Edra Power Holdings, a Malaysian sovereign-backed independent power producer. During his tenure of more than 15 years, the company managed 6,974 megawatts across 13 plants in five countries, with peak revenues of RM 9.57 billion.

Mark Jensen, chairman and CEO of American Resources and ReElement Technologies, said, "Malaysia has the resources, they should have the refining as well. Together, we intend to ensure that value is created at home - building world-class refining capacity, creating skilled jobs, and strengthening a supply chain our allies can trust."

The company also said it plans to incorporate digital tracking technology from SAGINT Inc., an Austin, Texas-based firm. SAGINT's Digital Warehouse Receipt system issues one independently verifiable record per lot of material, logging origin, custody, and processing data. The system has been operating on ReElement production material since January 2026.

Mike Weeks, executive chairman of SAGINT, said the technology gives "governments, investors, and industrial customers the ability to confirm that what they are receiving is exactly what it claims to be: responsibly sourced, accurately accounted for, and fully traceable from mine to material."

American Resources said it is also in discussions with potential downstream investors in Malaysia to support the use of refined rare earth products within the country.

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