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 's subsidiary ReElement Technologies has signed an MOU with POSCO International to develop a commercial partnership for rare earth element refining and recycling. ReElement will become POSCO's primary North American refiner, supporting nearly $900MM in announced OEM contracts. The collaboration integrates ReElement's efficient magnet recycling and rare earth ore refining processes into POSCO's global rare earth magnet manufacturing network. ReElement's patented technology offers an environmentally safer alternative to conventional solvent-based processes, reducing CapEx, physical footprint, and chemical usage while lowering OpEx for mineral separation.
American Resources (NASDAQ:AREC) released a shareholder letter highlighting progress across its business divisions. The company's key focus is ReElement Technologies, which has developed technology for separating and purifying rare earth elements and critical minerals at costs competitive with China. ReElement is establishing a Customer Qualification Plant in Noblesville and developing the Marion Advanced Technology Center. The company is also repurposing a Knott County Coal plant for lithium refining. Additional developments include American Metals' partnership with LOHUM Cleantech for battery recycling, progress in American Infrastructure's metallurgical carbon operations, and advancement in subsidiary companies Royalty Management Holding and Novusterra Inc.
American Resources (NASDAQ:AREC) reported Q3 2024 financial results with a net loss of $9.8 million ($0.13 per share), compared to a net loss of $274,167 in Q3 2023. Total revenues were $235,443, down from $5.81 million in Q3 2023. The company reported an adjusted EBITDA loss of $6.9 million.
Key developments include ReElement Technologies' partnerships with IRIS Metals and Vulcan Elements, successful execution of a $150 million bond agreement for Kentucky Lithium, and progress in rare earth element production. The company announced plans to distribute ReElement Technologies shares as a special dividend to shareholders of record as of December 31, 2024.
American Resources (NASDAQ:AREC) has announced a special dividend distribution of ReElement Technologies shares, with shareholders receiving 1 ReElement share for every 3 AREC shares held as of December 31, 2024. The distribution is scheduled for February 15, 2025. Additionally, ReElement Technologies has secured initial investments through two-year convertible notes bearing 12% annual interest, as part of a private financing round of up to $20 million. The notes are convertible at a $150 million pre-money valuation, equivalent to approximately $1.94 per AREC share.
American Resources (NASDAQ:AREC) will report its third quarter 2024 financial results on Thursday, November 14, 2024. The company will host a conference call and live audio webcast at 4:30 PM ET the same day. Participants can access the call by dialing 877-407-4019. The company operates in the Central Appalachian basin, focusing on metallurgical carbon extraction, critical and rare earth minerals for electrification, and metal reprocessing. Through its ReElement Technologies subsidiary, the company processes rare earth elements and battery metals using its patented 'Capture-Process-Purify' methodology.
ReElement Technologies, a subsidiary of American Resources (NASDAQ:AREC), has begun developing its Marion, Indiana super site for rare earth and lithium refining. The facility's Phase 1 targets production of 5,000 metric tons of lithium carbonate (99.9%+) and 1,000 metric tons of rare earth oxides (99.5%+), with potential revenue of $150 million based on current market prices.
The 42-acre campus features 425,000 square feet of production space and 250,000 square feet of expansion-ready area. The facility will process both recycled materials and concentrated ores, with infrastructure including rail loadout, 37 truck bays, and utilities already installed. The site aims to reduce U.S. dependence on Chinese refining capacity for critical materials.
American Resources (NASDAQ:AREC) has announced the rescheduling of a live Virtual Investor 'What This Means' webcast featuring its subsidiary ReElement Technologies and IRIS Metals. The event, originally postponed due to a family emergency, is now set for Thursday, October 24, 2024, at 1:00 PM ET.
The webcast will focus on discussing the recently announced Memorandum of Understanding (MOU) between ReElement and IRIS Metals for downstream lithium conversion and production of battery-grade lithium carbonate equivalent (LCE). Investors will have the opportunity to submit questions live during the event.
ReElement Technologies, a wholly-owned subsidiary of American Resources, specializes in high-performance refining of rare earth and critical battery elements. The company employs a multi-mineral, multi-feedstock platform technology for refining recycled materials, concentrated ores, and various waste streams to support the growing demand for magnet and battery-grade products.
American Resources and its subsidiary ReElement Technologies have announced a live Virtual Investor 'What This Means' webcast with IRIS Metals on October 17, 2024, at 1:00 PM ET. The webcast will discuss their recently announced Memorandum of Understanding (MOU) for downstream lithium conversion and production of battery-grade lithium carbonate equivalent (LCE).
The event will feature a moderated discussion and allow investors to submit questions live. ReElement Technologies, a wholly owned subsidiary of American Resources (NASDAQ:AREC), is a provider of high-performance refining capacity for rare earth and critical battery elements. IRIS Metals (ASX:IR1) is an exploration company with assets in South Dakota, focusing on hard rock lithium.
The webcast aims to provide insights into the partnership's potential impact on the battery metals and critical minerals supply chain.
American Resources 's subsidiary, ReElement Technologies, has signed a Memorandum of Understanding (MOU) with Vulcan Elements to develop a fully domestic and sustainable rare earth magnet supply chain. The partnership aims to integrate ReElement's efficient magnet recycling and rare earth ore refining processes into Vulcan's domestic magnet manufacturing.
ReElement will provide Vulcan with magnet-grade heavy and light rare earth elements essential for high-performance permanent magnets, while also recycling magnet manufacturing scrap. The collaboration will address national security and supply chain needs, leveraging ReElement's proprietary technology for rare-earth magnet recycling and ore purification.
The companies will also assess potential sites to co-locate facilities to enhance efficiencies within the magnet supply chain. ReElement's patented chromatographic separation and purification technology offers a cost-effective, scalable, and environmentally safe alternative to legacy processes in the rare earth and critical battery elements industry.
American Resources 's subsidiary ReElement Technologies has signed an MOU with IRIS Metals to develop domestic production of battery-grade lithium carbonate. The partnership aims to convert US-origin 6% spodumene concentrate (SC6) from IRIS Metals' Beecher Lithium Project in South Dakota into battery-grade lithium carbonate using ReElement's proprietary technology.
Key points:
- IRIS Metals aims to commence domestic SC6 production in 2025
- ReElement is scaling up operations at its 42-acre campus in Marion, Indiana
- The partnership will offer fully Inflation Reduction Act (IRA) compliant lithium units to the US market
- ReElement's technology is described as cost-effective, scalable, and environmentally safe compared to conventional processes
This collaboration is positioned to address the growing demand for domestically-sourced critical minerals in the US, supporting both the electrified economy and national security needs.
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