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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 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.
American Resources Corporation (AREC) announced the approval of a deep cut plan at its Carnegie 1 mine by the Mine Safety and Health Administration (MSHA). This enhancement is expected to increase production by 30% per shift and reduce maintenance costs. The company has strategically restructured its assets to optimize growth and minimize legacy costs, positioning its operations for high-quality, sustainable production. The McCoy Elkhorn Complex, which includes modern processing plants, is central to this expansion, aiming to enhance both safety and efficiency in line with market demands.
American Resources Corporation (NASDAQ:AREC) announced that its subsidiary, ReElement Technologies, is set to begin initial commercial production of battery-grade materials—including high-purity lithium, cobalt, and nickel—within the next 45 days. The production will utilize a newly acquired isolation and purification production train at its facility in Noblesville, Indiana. ReElement aims to meet the growing U.S. demand for battery materials through innovative recycling methods. The company has also increased its magnet production capacity and is developing a larger critical minerals facility.
Bob Galyen, a veteran of the battery industry with 46 years of experience, joins American Resources Corporation's ReElement Technologies as an advisory board member. His past roles include CTO of CATL, where he contributed to its rise as the largest lithium battery manufacturer. CEO Mark Jensen emphasizes Galyen's industry expertise and relationships, which will aid in scaling ReElement’s innovative lithium-ion battery recycling technology. The company aims to reduce U.S. dependence on foreign minerals while promoting a zero-waste circular economy.
American Resources Corporation (NASDAQ:AREC) announced a Memorandum of Understanding (MOU) with USA Rare Earth Magnets to supply recycled rare earth oxides for magnet manufacturing in Stillwater, Oklahoma. This partnership aims to create a fully domestic supply chain for rare earth magnets, supporting U.S. manufacturing. The Stillwater facility is set to be the first of its kind in the U.S., with plans for production to begin in 2023. The initiative will utilize recycled materials from end-of-life products, enhancing sustainability in the supply chain.
American Resources Corporation (NASDAQ:AREC) plans to establish a new recycling facility for lithium-ion batteries and rare earth magnets by 2025, targeting an annual capacity of 90,000 tons of battery black mass and 5,000 tons of rare earth magnets. Site options are narrowed to Indiana or West Virginia, with engineering already underway. The facility will utilize patented chromatography technology for high-purity material production. The initiative aligns with growing demand for domestically sourced materials, driven by the Inflation Reduction Act and electric vehicle adoption.
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