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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) has resumed shipments of specialty stoker carbon from its Perry County Resources (PCR) complex. The PCR mine is expanding its production capabilities by deploying three continuous miners, with plans to increase to five throughout the year. The complex aims to create over 170 well-paying jobs while producing 1.0 - 1.5 million tons of carbon annually. Additionally, the company is preparing its McCoy Elkhorn complex to produce 350,000 - 500,000 tons of metallurgical carbon, expecting further job creation and operational scaling in 2021.
American Resources Corporation (NASDAQ:AREC) released an updated corporate presentation showcasing its three divisions: American Carbon, American Metals, and notably, American Rare Earth. Vice President Mark LaVerghetta emphasized the importance of highlighting their 'Capture - Process - Purify' methodology aimed at restoring the domestic rare earth supply chain. The company maintains a commitment to sustainability and low-cost operations, positioning itself competitively in the electrification and infrastructure markets. The presentation is available on their Investor Relations page.
American Resources Corporation (NASDAQ:AREC) announced the successful closing of the initial public offering (IPO) for its SPAC, American Acquisition Opportunity Inc., raising $100 million through the sale of 10 million units at $10.00 each. Each unit includes one share of Class A common stock and one-half of a redeemable warrant. The SPAC aims to target land and resource holding companies, fostering innovation for the new economy. The underwriters also received a 45-day option for an additional 1.5 million units. The IPO's success signals confidence in the company’s strategy.
American Resources Corporation (NASDAQ:AREC) announced the pricing of its SPAC, American Acquisition Opportunity Inc., with an IPO of 10 million units at $10.00 each. This SPAC aims to merge with companies in the land holding and resource industry, focusing on clean energy, recycling, and redevelopment. The units will trade on Nasdaq under the symbol AMAOU, and consist of one share of Class A stock and a half warrant. There is an option for underwriters to purchase an additional 1.5 million units.
American Resources Corporation (AREC) announced plans to build a 2kW mobile electrolytic cell facility for rare earth element (REE) processing, advancing its commercialization efforts. Utilizing acquired technology, the facility aims to valorize coal and coal byproducts, producing REE concentrates, carbon, and hydrogen. With a capital expenditure of under $1 million, the facility's design allows for on-site processing, enhancing logistical efficiency. The company is also interviewing project managers for construction, expecting completion by late 2021.
American Resources Corporation has appointed Gregory "Bernie" Mason as President of its American Carbon subsidiary. Mr. Mason, a seasoned mining executive with over 40 years of experience, aims to enhance the company’s low-cost carbon platform. His leadership is expected to drive innovation and production ramp-up over the next three years, particularly in the metallurgical carbon segment, which is critical for steelmaking. This management change is seen as pivotal for optimizing operations and scaling revenue generation in line with growing infrastructure demands.
American Resources Corporation (NASDAQ:AREC) has reported its fourth quarter and full year 2020 financial results, highlighting a net loss of $10.26 million or $0.35 per share, a significant reduction from $70.9 million or $2.94 per share in 2019. Revenue for 2020 was $1.06 million, down from $24.4 million in 2019, as operations were idled due to the COVID-19 pandemic. Key highlights include the launch of American Rare Earth LLC, advancements in ESG initiatives, and significant debt reduction efforts. The company maintains revenue guidance of $55 million to $75 million for 2021, supported by enhanced balance sheet strength.
American Resources Corporation (NASDAQ:AREC) is set to present at the 33rd Annual ROTH Growth Conference from March 15-17, 2021. Chairman and CEO, Mark Jensen, will hold one-on-one meetings with qualified investors during the virtual event. The company specializes in environmentally responsible raw material supply for infrastructure and electrification, focusing on metallurgical carbon and rare earth minerals. With operations in Kentucky and West Virginia, American Resources aims to reduce legacy risks while maximizing operational efficiency.
American Resources Corporation (NASDAQ:AREC) announced that its Chairman and CEO, Mark Jensen, will be featured on Bloomberg TV on March 6, 2021, at 7 PM ET and on Bloomberg International TV on March 7, 2021, at 6 PM ET. In the interview, Jensen will discuss the company's efforts to restore the rare earth supply chain in the U.S. using environmentally friendly methods. American Resources focuses on supplying raw materials for infrastructure and electrification markets, primarily through its operations in the Central Appalachian basin.
American Resources Corporation (NASDAQ:AREC) expands its patent portfolio, enhancing its "Capture. Process. Purify." technology for rare earth mineral production. The new patents focus on coal electrolysis to separate rare earth elements and produce graphene, hydrogen, and other valuable byproducts. Developed by Dr. Gerardine Botte, these technologies enable efficient recycling of waste materials, including fly ash, and promise environmental benefits. CEO Mark Jensen highlights the significance of these innovations for the electrification market and the company's commitment to sustainable operations.
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