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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) announced plans to restart its Wyoming County Coal (WCC) mining complex in West Virginia, a significant source of premium metallurgical carbon for steel production. The complex boasts substantial reserves and processing capabilities, targeting an initial production of 55,000 tons monthly. The restart is expected to be financed through current operating cash flows, with payback anticipated in under 12 months post-production commencement in late 2022. The company aims to enhance its logistics and processing capacity while exploring nearby stranded reserves for potential acquisition.
American Resources Corporation (AREC) has engaged a contract mining company to operate its Carnegie 2 mine in Pike County, Kentucky, enhancing its metallurgical carbon production. This mine will complement the recently restarted Carnegie 1 mine, both supplying vital materials for the steel industry amid a strong market. Production at Carnegie 2 is expected to ramp up to 8,000 to 12,000 clean tons monthly by the end of Q4 2021. The efficient operational model and strategic positioning aim to maximize shareholder value while addressing the growing infrastructure demands.
American Resources Corporation (AREC) has restarted production at its Carnegie 1 mine, taking advantage of a strong metallurgical carbon market, one of the best since 2006/2007. The mine, crucial for steel making, is expected to produce over 40,000 tons of carbon monthly. Sales commitments for Q4 2021 are already secured, and the company plans to bring its Carnegie 2 mine online in early 2022. The firm aims to maximize operational efficiency and support global sustainability goals.
American Resources Corporation (NASDAQ:AREC) announced the acquisition of approximately 2,371 mineral acres at its Perry County Resources complex, securing an estimated 10.1 million tons of mineral resources. This acquisition enhances the Company’s control over low-cost mining operations and access to strategic underground points, reducing operational costs. The move positions American Resources competitively in the steel-making carbon market amidst rising global infrastructure demands. The Company aims to make the Perry County complex a premier low-cost provider of steel-making carbon.
American Resources Corporation (AREC) has announced successful purification of lithium, nickel, and cobalt from recycled NMC batteries via its proprietary technology. This achievement aligns with the growing demand for battery metals, particularly as the electric vehicle market expands. The end-of-life lithium-ion battery market is projected to grow at a 19% CAGR through 2030. Mark Jensen, CEO, emphasized the sustainability and cost-effectiveness of their process, aiming to bolster domestic supply chains while reducing reliance on mining in hazardous regions.
American Resources Corporation (NASDAQ:AREC) announced the engagement of Rodney Campbell, an expert with over 40 years in mineral analysis, to enhance the company's Capture process for rare earth elements (REEs). Campbell will focus on refining the collection and analysis of carbon-based REE feedstocks from acid mine drainage and coal waste, collaborating with Penn State University. This initiative aims to create a sustainable supply chain for critical minerals, optimizing costs and environmental impact.
American Resources Corporation (NASDAQ:AREC) will present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. Mark LaVerghetta, Vice President of Corporate Finance and Communications, will lead the presentation. Attendees can participate in virtual one-on-one meetings with management. A video webcast of the presentation will be available on-demand starting September 13 at 7:00 AM ET for those registered, with an archive lasting 90 days. The company focuses on providing environmentally responsible raw materials for the infrastructure market.
American Resources Corporation (AREC) has been awarded a contract by the U.S. Department of Energy through its Federal Demonstration Partnership. This contract aims to identify rare earth elements (REEs) from carbon-based deposits. The initiative supports the establishment of a domestic supply chain essential for the growing electrification market. American Resources, with a focus on sustainable extraction methods, has developed proprietary technologies for processing REEs and critical minerals from coal waste and lithium-ion batteries. The company has acquired 16 patents to advance its innovative processing technologies.
American Resources Corporation (NASDAQ:AREC) has announced the selection of a site in Noblesville, IN, for its first commercial-scale rare earth element (REE) purification and isolation facility. The 80,000 sq. ft. facility will utilize environmentally safe ligand assisted displacement (LAD) chromatography technology. This initiative aims to reduce dependence on Chinese sources for REE processing and capitalize on the $3 billion worth of rare earth elements discarded in landfills annually. The company plans to produce rare earth oxides and other critical minerals to meet the demands of the green technology sector.
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