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) operates at the intersection of traditional metallurgical coal production and emerging critical minerals recovery, making its news coverage uniquely varied. As both an Appalachian Basin coal producer serving steelmakers and the parent company of ReElement Technologies focused on rare earth elements and magnesium recovery, developments from AREC span conventional mining announcements and strategic materials supply chain initiatives.
News from American Resources Corporation typically centers on partnerships and commercial agreements involving ReElement Technologies, which has established relationships with electronic recyclers, manufacturing companies, and end-users of critical minerals. These announcements signal progress in building domestic supply chains for rare earth elements and strategic materials traditionally sourced from foreign suppliers. Financing activities and capital raises also generate coverage, as the company funds both mining operations and the buildout of critical minerals processing facilities.
Operational updates from the metallurgical coal business reflect production levels, contract announcements with steel producers, and developments affecting Appalachian Basin mining operations. Meanwhile, news about ReElement Technologies facilities and processing capabilities reveals the company's progress in scaling rare earth element recovery and magnesium production from recycled feedstock.
For investors tracking both the metallurgical coal sector and the emerging critical minerals industry, American Resources Corporation provides exposure to two distinct market dynamics: the established demand from steel production and the growing need for domestically-sourced strategic materials in electric vehicles, renewable energy, and defense applications. This news page delivers comprehensive coverage of developments across both business lines, from traditional mining operations to advanced materials recovery technologies.
American Resources Corporation (NASDAQ:AREC) announced that Daniel Hasler will join the advisory board of ReElement Technologies as it prepares for a spin-off into a standalone public company. Hasler, an experienced executive with a notable history at Eli Lilly and various leadership roles, is expected to enhance ReElement’s strategic direction during this transition. The spin-off will be structured to ensure that current American Resources shareholders will retain ownership in ReElement Technologies, which focuses on the domestic production of critical minerals for electrification and sustainability.
American Resources Corporation (NASDAQ:AREC) reported a net loss of $5.27 million for Q3 2022, a reduction from $8.91 million YoY. Revenues surged to $9.51 million, up from $2.81 million in Q3 2021. The company is poised to be the first domestic producer of high-purity rare earth elements and is advancing its battery materials production. Carbon sales soared 240% year-over-year, buoyed by a strong market. Key financial metrics include a $257,700 Adjusted EBITDA, a significant improvement from last year's loss. Strategic initiatives include a $10 million stock repurchase program and exploration of partnerships for critical minerals.
American Resources Corporation (AREC) has secured a $200,000 grant from the Indiana Economic Development Corporation to advance its lithium refining technology for end-of-life batteries and lithium ores. This funding will support the commercialization of its patented purification and separation technology in Noblesville, Indiana. The company plans to scale its operations and is in the final stages of selecting a second facility, aiming for an annual capacity of 95,000 tons of critical battery materials by 2025. This initiative positions AREC to capitalize on the rising demand for battery-grade materials in the EV and energy storage sectors.
American Resources Corporation (NASDAQ:AREC) will report its third quarter 2022 financial results on November 15, 2022, at 4:30 PM ET. The company specializes in supplying rare earth and critical elements, carbon, and advanced materials for the electrification market. A conference call will follow the earnings announcement, providing insights into the company’s business outlook. This event highlights American Resources' commitment to embracing sustainable practices while growing its portfolio located in the Central Appalachian basin.
American Resources Corporation (NASDAQ:AREC) announced plans to spin off its ReElement Technologies subsidiary into a public company and repurchased a 7.5% interest in ReElement, making it a wholly owned subsidiary again. The company aims to enhance shareholder value through this strategic move, submitting a Form 10 with the SEC in the coming 60 days. ReElement's objectives include increasing lithium and rare earth production, expanding recycling operations, and implementing eco-friendly technologies. American Resources aims to optimize operations to support growth in the electrification market.
American Resources Corporation (AREC) announced the approval of a deep cut plan at its Carnegie 1 mine by the Mine Safety and Health Administration (MSHA). This enhancement is expected to increase production by 30% per shift and reduce maintenance costs. The company has strategically restructured its assets to optimize growth and minimize legacy costs, positioning its operations for high-quality, sustainable production. The McCoy Elkhorn Complex, which includes modern processing plants, is central to this expansion, aiming to enhance both safety and efficiency in line with market demands.
American Resources Corporation (NASDAQ:AREC) announced that its subsidiary, ReElement Technologies, is set to begin initial commercial production of battery-grade materials—including high-purity lithium, cobalt, and nickel—within the next 45 days. The production will utilize a newly acquired isolation and purification production train at its facility in Noblesville, Indiana. ReElement aims to meet the growing U.S. demand for battery materials through innovative recycling methods. The company has also increased its magnet production capacity and is developing a larger critical minerals facility.
Bob Galyen, a veteran of the battery industry with 46 years of experience, joins American Resources Corporation's ReElement Technologies as an advisory board member. His past roles include CTO of CATL, where he contributed to its rise as the largest lithium battery manufacturer. CEO Mark Jensen emphasizes Galyen's industry expertise and relationships, which will aid in scaling ReElement’s innovative lithium-ion battery recycling technology. The company aims to reduce U.S. dependence on foreign minerals while promoting a zero-waste circular economy.
American Resources Corporation (NASDAQ:AREC) announced a Memorandum of Understanding (MOU) with USA Rare Earth Magnets to supply recycled rare earth oxides for magnet manufacturing in Stillwater, Oklahoma. This partnership aims to create a fully domestic supply chain for rare earth magnets, supporting U.S. manufacturing. The Stillwater facility is set to be the first of its kind in the U.S., with plans for production to begin in 2023. The initiative will utilize recycled materials from end-of-life products, enhancing sustainability in the supply chain.
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