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 (AREC) reported a significant increase in first quarter 2022 revenues, reaching $9.08 million compared to $0.01 million in the same period last year. Adjusted EBITDA stood at $5.8 million, a turnaround from a loss of $2.8 million in Q1 2021. The company aims to be the first U.S. producer of isolated rare earth elements and has a $110 million carbon backlog. Despite a net income loss of $2.75 million, improving carbon production and strategic partnerships signal potential growth. A conference call is scheduled for May 16, 2022.
American Resources Corporation (NASDAQ:AREC) has partnered with Kenai Defense Company, LLC for the exclusive marketing of graphene and carbon nanostructure patents targeting defense and space applications. The agreement anticipates over $1.5 million in Air Force contracts for fiscal year 2022 and an additional $10 million in fiscal year 2023 for developing advanced concrete products. This partnership aims to enhance concrete strength and sustainability while ensuring American Resources retains rights for private sector applications.
American Resources Corporation (NASDAQ:AREC) will announce its first quarter 2022 financial results on May 16, 2022, followed by a conference call at 4:30 PM ET. The company is dedicated to supplying rare earth and critical elements and is focused on environmentally responsible practices. American Resources operates in the Central Appalachian basin, emphasizing metallurgical carbon and rare earth minerals to meet growing demands in the electrification market. The company has a streamlined business model aimed at reducing costs while maximizing margins.
American Resources Corporation (NASDAQ: AREC) has announced a multi-year lease of its Deane Mining complex to Bluegrass Resources. This partnership aims to capitalize on current global carbon market strengths, with projections of 1.0 million tons of production in the first year. American Resources will receive an upfront payment of $100,000 monthly for two months and then $20,000 monthly until production begins. Once operational, earnings will be either $5.00 per ton or 5% of gross sales price. The lease is set for five years with renewable options.
American Resources Corporation (NASDAQ:AREC) announced securing worldwide rights to a new provisional patent developed with Purdue University. This patent focuses on using multi-mode chromatography for efficiently isolating battery-grade materials from various feedstocks, including end-of-life batteries. The patented technology promises high purity (>99.5%) and yield (~99%) while minimizing environmental impact. The company aims to enhance its domestic supply chain of sustainable materials, supporting the growing electric vehicle market.
American Resources Corporation (NASDAQ:AREC) has joined the Rare Earth Industry Association (REIA), enhancing its position in the rare earth elements (REE) sector. This membership aims to improve collaboration and visibility within the industry as American Resources prepares to launch its critical and rare earth element purification facility in 2022. The company is committed to providing sustainable solutions for the electrification market while addressing supply chain challenges. Their innovative processes focus on recycling and environmentally safe methods for producing high-purity magnet and battery metals.
American Resources Corporation (NASDAQ:AREC) has partnered with Land Betterment Corporation to develop a historical museum in Kragon, Kentucky. This site, which contains artifacts dating back to 700-800 A.D., was paused in a land reclamation project upon the discovery of ancient burial grounds. The museum aims to showcase these artifacts, promoting job creation and cultural tourism.
Mark Jensen, CEO of American Resources, emphasized the importance of environmental stewardship and community support in this venture. The museum will enhance historical awareness and serve as an educational platform.
JTC Team continues its Virtual Investor Spotlight Series on April 14, 2022, featuring presentations from Aeterna Zentaris (NASDAQ:AEZS), CNS Pharmaceuticals (NASDAQ:CNSP), and American Resources Corporation (NASDAQ:AREC). The series highlights Aeterna's pre-clinical pipeline addressing unmet medical needs, CNS's advancements in treating Glioblastoma, and discussions on national security regarding rare earth elements with American Resources. Live webcasts will be available, providing insights into these companies and their ongoing projects.
American Resources Corporation (NASDAQ:AREC) announces CEO Mark Jensen will participate in a live moderated video webcast on April 14, 2022, at 1:00 PM ET. The event will focus on President Biden's directive regarding critical minerals for clean energy technology and their national security implications under the Defense Production Act. Investors can submit questions live or in advance. The company is committed to sustainable operations in supplying raw materials for electrification and infrastructure, aiming for carbon neutrality while maximizing investor value.
American Resources Corporation (NASDAQ:AREC) has signed a binding letter of intent to acquire Energy Technologies Inc. (ETI), a leader in rare earth element and carbon technology. This acquisition aims to enhance the processing capabilities of rare earth and critical elements, capitalizing on ETI's patented technologies that improve material concentration by approximately 5x at extraction points. The integration is expected to drive innovation in the rare earth and battery metals sector and maximize shareholder value. ETI's team will join American Resources, leveraging their expertise for future growth.
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?
