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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) has announced a partnership with RecycleForce to create the first commercial-scale facility for rare earth elements and critical battery materials in the U.S. The partnership aims to source end-of-life products for rare earth and battery elements, which will be processed by ReElement Technologies. This initiative seeks to reduce the dependency on foreign sources and enhance the domestic supply chain while providing job training and employment opportunities for disadvantaged communities. The innovative technology will contribute to environmental sustainability and efficient recycling.
American Resources Corporation (NASDAQ:AREC) announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference, held from September 12-14, 2022, in New York and virtually. Mark LaVerghetta, VP of Corporate Finance and Communications, will present at the conference. The company aims to engage with qualified investors through one-on-one meetings. A video of the presentation will be available on-demand for registered attendees starting September 12. American Resources focuses on providing carbon, rare earth, and critical elements for the electrification market.
American Resources Corporation (NASDAQ:AREC) announced its participation at The Battery Show North America from September 13-15, 2022, in Novi, Michigan. Key executives from its subsidiary, ReElement Technologies, will attend the event to showcase their innovative processes for producing battery-grade materials from recycled sources.
With the recent Inflation Reduction Act, there is heightened interest in domestic supply chains for battery materials. ReElement aims to reduce reliance on foreign sources and foster a circular economy in the electrified market.
American Resources Corporation (NASDAQ:AREC) will present a live video webcast on September 8, 2022, at 1:00 PM ET. CEO Mark Jensen and COO Jeff Peterson of ReElement Technologies will be featured, discussing the company's role in providing carbon and rare earth products for infrastructure and electrification. The presentation will allow live Q&A from investors and will be accessible on the company’s Investors page for 90 days post-event.
Novusterra has acquired exclusive patent rights for graphene and carbon nanostructure technology from American Resources Corporation for $16 million in stock. This acquisition positions Novusterra to leverage low-cost waste carbon in manufacturing, significantly advancing its sustainability goals. Management from American Resources will lead Novusterra, and partnerships with Texas Tech University and ReElement Technologies are expected to enhance commercialization efforts. The global graphene market is expanding, targeting applications in semiconductors, electronics, and energy storage.
American Resources Corporation has sold its exclusive patent rights in carbon nanostructure and graphene technology to Novusterra Inc. for $16 million in stock. Members of American Resources will join Novusterra's management and Board. The company plans to dividend most of the shares received to investors before Novusterra's public offering, pending regulatory approvals. The transaction aims to unlock value for shareholders and support growth in sectors like batteries and sustainable infrastructure. The deal also includes collaborative efforts to advance technology commercialization.
American Resources Corporation (NASDAQ:AREC) has authorized a share repurchase program for up to $10 million in stock. This initiative reflects the company's commitment to enhancing shareholder value and confidence in its market opportunities, particularly in its American Carbon and ReElement Technologies divisions. The program allows for repurchases through various means, subject to market conditions, and will expire on September 15, 2023. The management aims to leverage its financial flexibility to invest in long-term growth while maintaining streamlined operations.
American Resources Corporation (NASDAQ:AREC) has expanded its non-dilutive credit facility by $15 million to fuel growth initiatives at its American Carbon division. This traditional equipment loan offers operational flexibility, enabling management to draw funds as needed to enhance production and margins. The loan, secured by equipment, has a 36-month term with an effective initial interest rate of approximately 14.48%. The company aims to streamline operations and maximize shareholder value while focusing on sustainable practices and a robust growth pipeline in the electrification sector.
American Resources Corporation (AREC) commends the Inflation Reduction Act (IRA) for enhancing domestic critical mineral production with $369 billion in incentives. The IRA's provisions aim to develop a resilient supply chain for critical minerals, aligning with the company's achievements in producing pure rare earth elements through innovative processes. CEO Mark Jensen emphasized the importance of reducing foreign dependencies while supporting U.S. manufacturing. The company’s ReElement Technologies division has initiated successful operations in Indiana, focusing on the extraction and processing of essential minerals for electrification and sustainability.
American Resources Corporation (NASDAQ:AREC) reported record quarterly revenues of $16.2 million for Q2 2022, marking a substantial 78% growth quarter-over-quarter. The company achieved an adjusted EBITDA of $11.5 million, compared to a loss of $537,078 in the prior year. Notably, it became the first domestic commercial producer of high-purity rare-earth elements from recycled magnets. The company aims to launch the production of battery elements from recycled lithium batteries in 4Q 2022, reinforcing its role in the electric vehicle supply chain.
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