American Res Corp Stock Price, News & Analysis

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.

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.