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) 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.
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.
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.
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.
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.
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