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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) reported its Q2 2021 results, revealing a net loss of $6.65 million, or $0.13 per share, a decline from a net income of $1.3 million a year prior. Total revenues reached $393,210, up from $226,836 in Q2 2020. The company improved its balance sheet, raising $30.1 million through a direct offering. A major partner has increased their order by 20%. The company anticipates full-year revenues between $35 million and $60 million, while labor challenges impacted growth. Upcoming catalysts include advancements in rare earth processing technology.
American Resources Corporation (NASDAQ:AREC) will report its second quarter 2021 financial results on August 16, 2021, with a conference call scheduled for 4:30 PM ET to discuss the business outlook. The company focuses on environmentally responsible supply of raw materials for infrastructure and electrification. It specializes in the extraction of metallurgical carbon and rare earth minerals, primarily from operations in the Central Appalachian basin. To join the call, participants can dial (877) 407-4019 or access via the provided webcast link.
American Resources Corporation (NASDAQ:AREC) will be presenting at the Jefferies Industrial Conference on August 3, 2021, at 2:00 PM ET. CEO Mark Jensen will lead the presentation, showcasing the company's role as a socially responsible supplier of raw materials for infrastructure and electrification markets. Investors can register to view the live webcast. American Resources focuses on extracting metallurgical carbon and rare earth minerals, with operations concentrated in Kentucky and West Virginia. For more details, visit their website.
American Resources Corporation (NASDAQ:AREC) has appointed Jeff Peterson to enhance its Rare Earth division. Peterson brings nearly 20 years of experience, focusing on commercialization and sustainable feedstock sources. CEO Mark Jensen emphasized the company’s commitment to a sustainable supply chain amidst increasing demand for rare earth elements driven by electrification trends. Peterson’s past roles include engineering and sales leadership, which position him to significantly contribute to the company’s growth strategy.
American Resources Corporation (AREC) is enhancing its mobile rare earth element processing plant by procuring new equipment. This includes a microwave digestion system paired with ICP-OES technology, facilitating real-time analysis of feedstock. The initiative, bolstered by a research partnership with Texas Tech University, aims to optimize the electrolysis facility's scalability and efficiency. The company's strategy targets a sustainable supply chain for critical minerals, with plans for commercialization by early next year.
American Resources Corporation (NASDAQ: AREC) is advancing its supply chain for recycling waste wind turbine motors and lithium-ion batteries to recover critical and rare earth minerals. Utilizing its ligand assisted displacement (LAD) chromatography technology, the company aims to reduce landfill waste while securing a sustainable source of rare earth elements such as Neodymium and Dysprosium. CEO Mark Jensen emphasized the importance of addressing national security issues and environmental concerns through cost-effective recycling methods. The initiative aligns with President Biden's plan to enhance recycling in the electrification market.
American Resources Corporation (NASDAQ:AREC) announced its inclusion in the Russell Microcap® Index effective June 28, 2021, following the annual reconstitution. This membership highlights the company's focus on innovating sustainable materials for infrastructure and electrification markets. The Russell Microcap® Index, utilized by many investment managers for benchmark and investment strategies, provides exposure to a broad investment universe, representing assets totaling approximately $10.6 trillion.
American Resources Corporation (NASDAQ:AREC) has successfully closed a registered direct offering of 8.6 million common shares along with 4.3 million warrants, yielding approximately $30.1 million in gross proceeds. The offerings were priced at market rates under Nasdaq regulations. The warrants, with an exercise price of $3.50 per share, are exercisable immediately and expire in five years. This move, filed under an effective registration statement, aims to bolster the company's operations focused on raw materials for infrastructure and electrification markets.
American Resources Corporation (NASDAQ:AREC) has announced a registered direct offering, selling 8,600,000 shares of common stock and 4,300,000 warrants for approximately $30.1 million in gross proceeds. The warrants can be exercised immediately at an exercise price of $3.50 per share, expiring in five years. This offering is conducted under an effective shelf registration statement filed with the SEC. The funds from this offering are aimed at supporting the company's growth in the infrastructure and electrification markets.
American Resources Corporation (NASDAQ:AREC) has partnered with Purdue University to successfully isolate and purify Neodymium at a remarkable 99.5% purity. This achievement utilizes the company's proprietary ligand assisted displacement (LAD) chromatography technology, converting recycled waste permanent magnets into high-quality rare earth elements. CEO Mark Jensen emphasizes the significance of this milestone for the domestic supply chain as global demand for rare earth elements rises over 12% annually. The company is advancing its REE purification technology for various feedstocks.
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