STOCK TITAN

AMERICAN RESOURCES CORP - AREC STOCK NEWS

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.

Rhea-AI Summary

HG Ventures has formed a strategic partnership with American Rare Earth LLC, a subsidiary of American Resources Corporation (NASDAQ:AREC), to enhance battery and magnet metal production through recycling. This collaboration aims to support the circular economy and address U.S. supply chain challenges. HG Ventures will invest in American Rare Earth, acquiring an ownership stake and rights for further investment. The partnership positions American Rare Earth as a leader in the production of domestically-sourced and sustainable metals, with the first purification facility set to be operational in early 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.57%
Tags
partnership
-
Rhea-AI Summary

American Resources Corporation (NASDAQ:AREC) has received preliminary approval from the West Virginia Economic Development Authority for the issuance of $45 million in Tax-Exempt Industrial Development Bonds. This funding will facilitate technological advancements and expand the processing capabilities at their Wyoming County Coal complex. The complex is set to modernize operations and increase carbon processing capacity from 350 tons to 700 tons per hour, while also capturing critical and rare earth elements. The project is expected to create over 100 jobs in the region.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.13%
Tags
none
-
Rhea-AI Summary

American Resources Corporation (NASDAQ:AREC) has received final permit approval for its rare earth and critical element isolation and purification facility in Noblesville, Indiana. This facility is positioned to be the first of its kind in the U.S. to commercially isolate and purify battery and rare earth metals. Utilizing a patented chromatography process, the facility aims to establish a competitive domestic supply chain, reducing reliance on China for critical metal refining. The project is financed through existing capital, eliminating the need for external funding.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
none
Rhea-AI Summary

American Resources Corporation has appointed Tarlis Thompson as the President of the American Carbon Division, while he continues his role as COO. This leadership change aims to enhance operational efficiency in Kentucky and West Virginia, reflecting the company’s growth over the past two years. Thompson’s promotion is intended to maximize value from the company’s current assets and respond to increasing market demand. The company is focused on providing sustainable raw materials for infrastructure, emphasizing a low-cost business model poised for strong performance in 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.08%
Tags
none
-
Rhea-AI Summary

American Resources Corporation (AREC) announced its Q3 2021 financial results, reporting a net loss of $8.91 million, or $0.15 per share, compared to a profit in the prior year. Total revenues surged to $2.81 million from $0.30 million year-over-year. The company continues to invest in its American Carbon and American Rare Earth divisions, with a focus on sustainable practices and innovative technologies. Stronger balance sheet metrics improved its financial standing. The company will host a conference call today to discuss further developments.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
-
Rhea-AI Summary

Novusterra Inc. has appointed Farai Gundan as Chief Financial Officer as part of its strategy to prepare for a public listing on a national exchange. The company aims to capitalize on the growing demand for graphene-based products, particularly in energy, defense, and water filtration markets, amid ongoing global supply chain challenges. CEO Andrew Weeraratne emphasized the importance of attracting high-caliber talent to drive growth and shareholder value. Novusterra is focused on innovative materials derived from low-cost coal feedstock.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
none
Rhea-AI Summary

American Resources Corporation (NASDAQ:AREC) will host a Virtual Investor Roundtable Event on November 17, 2021, at 9:00 AM ET. CEO Mark Jensen will join technology expert William E. Smith III to discuss the company's advancements in rare earth and critical mineral purification using ligand assisted displacement chromatography. Participants can engage in a Q&A session during the live event, and a recorded webcast will be available afterwards. American Resources focuses on supplying high-quality raw materials for the electrification market, particularly in the Central Appalachian basin.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
Tags
conferences
-
Rhea-AI Summary

American Resources Corporation (NASDAQ:AREC) has restarted production at its Carnegie 1 mine to meet the rising demand for metallurgical carbon in the global steel market. The mine, located in Pike County, Kentucky, is operating seven days a week and increasing production and maintenance shifts. The company anticipates bringing the Carnegie 2 mine online shortly, consolidating its position in a constrained market. Plans for additional mines and upgrades to processing facilities are also underway to meet ongoing infrastructure demands.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.58%
Tags
none
-
Rhea-AI Summary

American Resources Corporation (AREC) will report its third-quarter 2021 financial results on November 15, 2021, followed by a conference call at 11:00 AM ET. The company focuses on providing raw materials for the infrastructure and electrification markets, particularly in metallurgical carbon and rare earth minerals. With operations based in the Central Appalachian basin, American Resources aims to scale its portfolio while minimizing industry risks. Investors can participate in the call by dialing (877) 407-4019 or accessing the webcast.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.47%
Tags
conferences earnings
Rhea-AI Summary

American Resources Corporation (AREC) has successfully upgraded its processing plant at the Perry County Resources complex, enhancing recovery yield by over 5% while cutting operational costs. This investment enables the recovery of middling carbon, which will now be sold instead of landfilled. The estimated production increase is about 7,500 tons per month, projected to generate $300,000 in additional sales and save over $13,000 in refuse costs monthly. The move supports the company's commitment to sustainability and operational efficiency.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

FAQ

What is the current stock price of AMERICAN RESOURCES (AREC)?

The current stock price of AMERICAN RESOURCES (AREC) is $1.07 as of December 20, 2024.

What is the market cap of AMERICAN RESOURCES (AREC)?

The market cap of AMERICAN RESOURCES (AREC) is approximately 82.8M.

What does American Resources Corporation do?

American Resources Corporation focuses on the extraction and processing of metallurgical carbon and critical and rare earth minerals, essential for steelmaking and the electrification market.

Where is American Resources Corporation located?

The company is headquartered in Fishers, Indiana, with operations primarily in the Central Appalachian basin of eastern Kentucky and southern West Virginia.

What is ReElement Technologies Corporation?

ReElement Technologies is a subsidiary of American Resources Corporation that specializes in the high-performance refining of rare earth and critical battery elements using innovative and environmentally safe processes.

What recent achievements has American Resources Corporation accomplished?

Recent achievements include establishing the ReElement refining campus in Marion, Indiana, and securing a $150 million tax-exempt bond offering for the Kentucky Lithium refining facility.

How does American Resources Corporation contribute to sustainability?

The company focuses on recycling end-of-life products such as rare earth permanent magnets and lithium-ion batteries, creating a low-cost and environmentally safe circular supply chain.

What are the main products of American Resources Corporation?

The main products include metallurgical carbon for steelmaking and rare earth minerals and critical elements used in electrification and advanced technologies.

How does American Resources Corporation support national security?

The company is a member of the Defense Industrial Base Consortium, contributing to the supply chain for defense-critical minerals and supporting national security through sustainable refining practices.

What is the 'Powered by ReElement' platform?

It is a service offering that includes advanced separation and purification techniques for critical and rare earth minerals, optimizing existing processing methods and supporting direct lithium extraction processes.

How does American Resources Corporation's business model benefit its operations?

The company's low-cost, growth-centered business model allows it to maximize margins while reducing costs, making it highly competitive in the global market.

Where can I find more information about American Resources Corporation?

More information can be found on their website, americanresourcescorp.com, as well as on their Facebook, Twitter, and LinkedIn pages.

AMERICAN RESOURCES CORP

Nasdaq:AREC

AREC Rankings

AREC Stock Data

82.84M
50.70M
34.52%
7.51%
3.48%
Coking Coal
Bituminous Coal & Lignite Mining
Link
United States of America
FISHERS