Welcome to our dedicated page for American Res news (Ticker: AREC), a resource for investors and traders seeking the latest updates and insights on American Res 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 (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.
American Resources Corporation (NASDAQ:AREC) has announced a new purchase order for 15,000 tons of specialty carbon stoker products, expanding its production for Q2 2022. This expansion comes at a record average price of mid $200 per ton, showcasing strong demand in the specialty carbon market. The company is positioned to meet the needs of the global silicon and ferrosilicon industries, supported by its advanced processing capabilities. American Resources focuses on sustainable operations while maximizing shareholder value through growth in the electrification sector.
American Resources Corporation (AREC) announced significant progress in its initiative to produce isolated and purified critical and rare earth elements (REEs) in the U.S., on track to be the first in this sector. The company revealed a strong carbon production backlog of approximately $110 million and a profitable March 2022 with a revenue run rate of $5.25 to $6 million. Despite a net loss of $32.4 million for 2021, the company showcased a strong balance sheet and reduced debt. Their ongoing projects and partnerships are expected to bolster their position in the electrification and infrastructure markets.
American Resources Corporation (AREC) announced it will report its fourth quarter and full year 2021 financial results on March 29, 2022, at 4:30 PM ET. The company, a supplier of rare earth and critical elements, will host a live conference call to discuss financial outcomes and business outlook. Investors can participate via telephone or a webcast. American Resources focuses on extracting metallurgical carbon and rare earth minerals, primarily from operations in Kentucky and West Virginia, positioning itself for growth in the electrification market.
American Resources Corporation (NASDAQ:AREC) has acquired the operating rights to a PCI carbon surface mine to expand its McCoy Elkhorn Complex in Kentucky. This facility is projected to add 5,000 to 15,000 tons per month of production, providing critical high-quality carbon to meet the steel-making industry's demand. The operation is expected to enhance revenues starting in June 2022 and create 15 direct and indirect jobs in the local community. The deal involves no upfront capital payment, supporting the company's goal of sustainable growth and market positioning.
American Resources Corporation (NASDAQ:AREC) announced the addition of a second Joy 14CM15 continuous miner to its Carnegie #1 mine, intending to increase production by 5,000 to 10,000 tons per month. This initiative aims to meet strong market demand for high-quality metallurgical carbon. The company emphasizes its focus on sustainable operations and efficient cost management, leveraging its innovative growth pipeline. The Carnegie #1 mine is strategically located in Pike County, Kentucky, known for its significant carbon deposits.
American Resources Corporation (NASDAQ:AREC) announced a partnership with IN3 to enhance its industry connections and address domestic supply chain challenges for critical and rare-earth elements.
Through this collaboration, American Rare Earth LLC aims to commercialize the production of essential materials like lithium, cobalt, and neodymium, supporting U.S. sustainability and national security efforts.
This partnership is expected to facilitate access to major grants, contracts, and accelerate the company's production capabilities.
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