Welcome to our dedicated page for AMERICAN RESOURCES news (Ticker: AREC), a resource for investors and traders seeking the latest updates and insights on AMERICAN RESOURCES stock.
American Resources Corporation (NASDAQ: AREC) is a next-generation, environmentally, and socially responsible supplier of high-quality raw materials critical to global infrastructure and electrification markets. Headquartered in Fishers, Indiana, the company was founded in 2006 and has a robust portfolio of operations in the Central Appalachian basin of eastern Kentucky and southern West Virginia.
American Resources focuses on the extraction and processing of metallurgical carbon, essential for steelmaking, and critical and rare earth minerals, vital for the electrification market. The company’s operations are centered on providing premium-quality metallurgical carbon and rare earth mineral deposits. In recent years, American Resources has expanded its efforts to include reprocessed metal recycling.
The company boasts a cutting-edge subsidiary, ReElement Technologies Corporation, which specializes in the high-performance refining of rare earth and critical battery elements. ReElement has developed the innovative 'Capture-Process-Purify' process chain, which is both scalable and environmentally safe. This patented technology, supported by 16 licensed patents and partnerships with leading universities, redefines how critical and rare earth elements are sourced and processed, particularly focusing on recycling end-of-life products like rare earth permanent magnets and lithium-ion batteries.
Recent achievements include the establishment of the advanced ReElement refining campus in Marion, Indiana. This facility aims to reduce reliance on Chinese refining capabilities by significantly increasing domestic production of high-purity rare earth and battery elements. Notable projects include collaborations aimed at processing lithium brine feedstocks and integrating advanced technologies for the separation and purification of critical minerals.
The company is also known for its nimble, low-cost business model that emphasizes growth and efficiency. This approach allows American Resources to maximize margins while reducing costs, making it highly competitive in the global market. Additionally, the recent $150 million tax-exempt bond offering for the development of the Kentucky Lithium refining facility highlights its strategic focus on scaling operations and securing growth capital.
American Resources is actively engaged in several international and domestic collaborations aimed at enhancing the supply chain for critical minerals, including partnerships with LVC Global Holdings and membership in the Defense Industrial Base Consortium. These efforts are intended to bolster the company's role in supporting national security and advancing sustainable practices in critical mineral refining.
For more information, visit americanresourcescorp.com or connect with the company on Facebook, Twitter, and LinkedIn.
American Resources Corporation (NASDAQ:AREC) will present at the Virtual Investor 2023 Companies to Watch Event on January 17, 2023, at 4:00 PM ET. The presentation will be led by Mark LaVerghetta, Vice President of Corporate Finance and Communications. Investors can view a live video webcast on the Company's website, with a replay available afterward for 90 days. American Resources focuses on providing rare earth and critical elements, aiming to support the electrification market.
American Resources Corporation (NASDAQ:AREC) has appointed Dr. Byron Price to lead efforts in developing resource partnerships in Africa for its subsidiary, ReElement Technologies. Dr. Price aims to utilize cutting-edge processing technology to produce ultra-high purity critical elements from socially responsible mining practices. The initiative seeks to enhance local economies while leveraging Africa's rich mineral reserves. The company anticipates that by refining materials within Africa, it can reduce costs and retain value, supporting the electrification sector's growth.
American Resources Corporation (NASDAQ: AREC) reported success at its ReElement Technologies in producing ultra-high purity (over 99.9%) lithium from recycled materials using its patented multi-mode chromatography technology. This technology allows efficient recycling of lithium-ion batteries and is scalable for various battery chemistries. The company aims to meet the rising demand for lithium in battery manufacturing, with expectations of lithium demand doubling in three years. Currently, lithium carbonate prices exceed $70,000 per metric ton, highlighting the market potential.
American Resources Corporation (AREC) has formed a second rare earth oxide offtake agreement with Advanced Magnet Lab, Inc. to supply high-purity rare earth elemental feedstock for advanced magnet production. The deal includes a strategic investment in AML, which will use its innovative PM-Wire technology for efficient magnet manufacturing. This partnership aims to reshape the domestic supply chain for rare earth elements, addressing the challenges posed by China's market dominance. The market for electric motors is expected to grow from $26.2 billion in 2020 to $39.1 billion by 2026.
American Resources Corporation (NASDAQ:AREC) received approval from the Mine Safety and Health Administration (MSHA) for an advanced roof control plan at its Carnegie 1 and Carnegie 2 mines in Kentucky. This new plan is projected to reduce operating costs by approximately $2.00 per ton. CEO Mark Jensen emphasized the team's commitment to increasing production and reducing costs while enhancing workplace safety. The company aims to leverage this approval to boost production and cash flow in 2023 amid ongoing global supply constraints.
American Resources Corporation (NASDAQ:AREC) announced that Daniel Hasler will join the advisory board of ReElement Technologies as it prepares for a spin-off into a standalone public company. Hasler, an experienced executive with a notable history at Eli Lilly and various leadership roles, is expected to enhance ReElement’s strategic direction during this transition. The spin-off will be structured to ensure that current American Resources shareholders will retain ownership in ReElement Technologies, which focuses on the domestic production of critical minerals for electrification and sustainability.
American Resources Corporation (NASDAQ:AREC) reported a net loss of $5.27 million for Q3 2022, a reduction from $8.91 million YoY. Revenues surged to $9.51 million, up from $2.81 million in Q3 2021. The company is poised to be the first domestic producer of high-purity rare earth elements and is advancing its battery materials production. Carbon sales soared 240% year-over-year, buoyed by a strong market. Key financial metrics include a $257,700 Adjusted EBITDA, a significant improvement from last year's loss. Strategic initiatives include a $10 million stock repurchase program and exploration of partnerships for critical minerals.
American Resources Corporation (AREC) has secured a $200,000 grant from the Indiana Economic Development Corporation to advance its lithium refining technology for end-of-life batteries and lithium ores. This funding will support the commercialization of its patented purification and separation technology in Noblesville, Indiana. The company plans to scale its operations and is in the final stages of selecting a second facility, aiming for an annual capacity of 95,000 tons of critical battery materials by 2025. This initiative positions AREC to capitalize on the rising demand for battery-grade materials in the EV and energy storage sectors.
American Resources Corporation (NASDAQ:AREC) will report its third quarter 2022 financial results on November 15, 2022, at 4:30 PM ET. The company specializes in supplying rare earth and critical elements, carbon, and advanced materials for the electrification market. A conference call will follow the earnings announcement, providing insights into the company’s business outlook. This event highlights American Resources' commitment to embracing sustainable practices while growing its portfolio located in the Central Appalachian basin.
American Resources Corporation (NASDAQ:AREC) announced plans to spin off its ReElement Technologies subsidiary into a public company and repurchased a 7.5% interest in ReElement, making it a wholly owned subsidiary again. The company aims to enhance shareholder value through this strategic move, submitting a Form 10 with the SEC in the coming 60 days. ReElement's objectives include increasing lithium and rare earth production, expanding recycling operations, and implementing eco-friendly technologies. American Resources aims to optimize operations to support growth in the electrification market.
FAQ
What is the current stock price of AMERICAN RESOURCES (AREC)?
What is the market cap of AMERICAN RESOURCES (AREC)?
What does American Resources Corporation do?
Where is American Resources Corporation located?
What is ReElement Technologies Corporation?
What recent achievements has American Resources Corporation accomplished?
How does American Resources Corporation contribute to sustainability?
What are the main products of American Resources Corporation?
How does American Resources Corporation support national security?
What is the 'Powered by ReElement' platform?
How does American Resources Corporation's business model benefit its operations?
Where can I find more information about American Resources Corporation?
