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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 selected Mineral Labs Inc. as its Lab of Record for conducting rare earth element analysis and sampling. This collaboration aims to enhance the commercialization and future expansion of American Rare Earth LLC, a wholly owned subsidiary. With a history dating back to 1975, Mineral Labs boasts extensive experience and a presence across states in the Central Appalachian and Illinois coal basins. The partnership's goal is to scale operations and identify high-value targets within coal-based deposits to meet growing market demands.
American Resources Corporation (NASDAQ: AREC) is set to restart operations at its Perry County Resources (PCR) mining complex in Hazard, Kentucky, this quarter after a restructuring aimed at becoming a low-cost PCI and stoker operation. The Company plans to expand its workforce from 76 to approximately 175 employees. Initial production will utilize one super section of the E4-2 underground mine, with plans to ramp up operations. This move is expected to provide long-term employment and contribute to local economic stability while enhancing efficiency and profitability.
American Resources Corporation (NASDAQ:AREC) announced the closing of a registered direct offering of 5,200,000 shares priced at $2.50 per share, generating approximately $13 million in gross proceeds.
The offering complied with regulations of Nasdaq and was facilitated by Kingswood Capital Markets. The shares were offered under an effective shelf registration statement with the SEC, ensuring regulatory compliance.
American Resources Corporation (NASDAQ:AREC) has announced a registered direct offering of 5,200,000 shares at $2.50 per share, aiming to raise approximately $13 million. This transaction is facilitated by Kingswood Capital Markets and is set to close around October 9, 2020 pending customary conditions. The offering is conducted under an effective shelf registration statement. The company focuses on providing essential raw materials to the global infrastructure market, particularly through the extraction of metallurgical carbon.
American Resources Corporation (NASDAQ: AREC) announced the establishment of its wholly-owned subsidiary, American Rare Earth LLC, focusing on consolidating high-quality, low-cost rare earth mineral sites. The company aims to unlock the value of its rare earth assets without diluting current shareholders. It has identified ten mineral sites in eastern Kentucky for development, with the potential to produce significant amounts of Neodymium, Praseodymium, and Dysprosium, along with Cobalt and Lithium. The organization is exploring strategic options, including government grants and a possible spin-off, to enhance shareholder value.
American Resources Corporation (NASDAQ: AREC) has received the 2019 Sentinels of Safety Award from the National Mining Association, recognizing its exceptional safety performance in mining operations. The award celebrates operations that achieve over 4,000 hours without a lost-time injury, highlighting American Resources' underground mining facility in Letcher County, Kentucky. The company aims to be a leading supplier of raw materials for the global infrastructure market, focusing on efficiency and sustainability.
American Resources Corporation (NASDAQ:AREC) has launched a railcar and metal recycling initiative through its subsidiary, American Metals LLC. This partnership aims to process retired coal railcars, enhancing environmental sustainability while generating revenue. Located on a former coal mine in Indiana, this project targets the booming global steel market, leveraging the demand for raw materials driven by infrastructure growth. CEO Mark Jensen emphasized the company's commitment to maximizing asset value and diversifying its offerings while maintaining operational efficiency and environmental stewardship.
American Resources Corporation (AREC) announced significant progress in reducing its environmental liabilities through expedited reclamation efforts during the COVID-19 pandemic. The company secured bond releases totaling $400,000 and is progressing towards an additional $7 million in bond releases. This strategic initiative is aimed at enhancing long-term value for shareholders and establishing American Resources as a competitive supplier of metallurgical carbon for the growing infrastructure market. The company emphasizes its commitment to operational efficiency and environmental stewardship.
American Resources Corporation (NASDAQ: AREC) will present at The LD 500 investor conference on September 3, 2020, at 2:20 PM ET. Mark Jensen, the Company's Chairman and CEO, will discuss the business strategy poised to capitalize on surging global infrastructure initiatives as economies recover from COVID-19. A live video webcast will be accessible on the conference's website, with a replay available for one year. In addition, management will hold virtual one-on-one meetings.
American Resources Corporation (NASDAQ:AREC) has entered a carbon processing agreement to improve efficiencies and reduce costs at its Perry County Resources complex. The agreement allows for carbon processing, storage, and loading services at its Davidson Branch Preparation Plant in Hazard, Kentucky. The facility can process 1,300 tons of carbon per hour and is designed for specialized carbon types used in industrial applications. This initiative aims to enhance profitability and support the company’s growth in the global infrastructure market.
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