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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) reported a remarkable 400% revenue increase in 2022, achieving total revenues of $39.5 million compared to $7.76 million in 2021. For Q4 2022, net income stood at $9.5 million or $0.14 per share, a significant recovery from a $10.4 million loss in Q4 2021. The company's ReElement Technologies led the way in critical mineral refining, producing ultra-pure rare earth elements. With a strong balance sheet and innovative processes, the company is well-positioned for future growth. A conference call is scheduled for March 30, 2023, to discuss these results and future plans.
American Resources Corporation (NASDAQ:AREC) has scheduled its fourth quarter and full year 2022 financial results announcement for March 30, 2023, at 4:30 PM ET. The conference call will provide insights into the company's performance and outlook. American Resources focuses on supplying rare earth and critical elements, along with carbon materials, to support electrification and infrastructure growth. The company operates in the Central Appalachian basin and aims to enhance its asset portfolio, reduce risks, and maximize profit margins through an efficient model. More information can be found on their website.
American Resources Corporation (NASDAQ:AREC) has successfully commissioned its McCoy Elkhorn processing plant in Pike County, Kentucky, enhancing its operational capacity for both internal and third-party processing. This state-of-the-art facility has a production capacity of 1,300 tons per hour and optimizes revenue through processing operations and carbon loading services. President Tarlis Thompson emphasized the facility's early recommissioning and the potential for new specialty carbon contracts. The complex's capabilities not only support the company’s production but also invite third-party processing opportunities, allowing for significant revenue growth with limited additional costs.
American Resources Corporation (NASDAQ:AREC) has announced an expansion at its Carnegie 2 metallurgical carbon mine in Kentucky, aiming to double production. The addition of a second operating section is anticipated to yield 9,000 to 12,000 tons of additional output monthly. The company is leveraging its existing fleet to minimize capital expenditures, which is expected to enhance shareholder returns. CEO Mark Jensen emphasized the strategic advantage of utilizing owned equipment, positioning the company for future growth in a tight market. The company focuses on sustainable practices in providing high-quality raw materials for the steelmaking and electrification sectors.
American Resources Corporation (NASDAQ:AREC) will present at the Virtual Investor Company Spotlight Event on March 1, 2023, at 2:00 PM ET, featuring CEO Mark Jensen. Investors can access a live video webcast on the Company’s website, with a replay available for 90 days. American Resources focuses on extracting and processing metallurgical carbon and rare earth minerals, primarily in Kentucky and West Virginia. The Company emphasizes a low-cost business model aimed at growth in the electrification and infrastructure markets.
American Resources Corporation (NASDAQ:AREC) has joined NAATBatt International, enhancing its position in the battery technology sector. The company aims to lead the domestic supply chain for rare earth elements and critical minerals. ReElement Technologies, a subsidiary, specializes in low-cost, high-purity refining of battery materials, reducing U.S. dependency on foreign sources. With a patented chromatographic process, ReElement offers an environmentally safe alternative for rare earth separation, supporting a circular economy. This strategic move aligns with the growing electrification market and reflects American Resources' commitment to sustainable practices.
American Resources Corporation (NASDAQ: AREC) announced the appointment of battery industry expert Bob Galyen to the Board of Directors of its subsidiary, ReElement Technologies. With over 40 years of experience, including his role as CTO at CATL, Galyen will enhance ReElement's leadership as it prepares for a spin-off from American Resources. Mark Jensen, CEO, emphasized Galyen's significant contributions to their critical mineral refining and battery recycling solutions. ReElement's innovative, environmentally friendly processes aim to reduce reliance on foreign materials in the U.S. battery supply chain.
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