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AMERICAN RESOURCES CORP - AREC STOCK NEWS

Welcome to our dedicated page for AMERICAN RESOURCES news (Ticker: AREC), a resource for investors and traders seeking the latest updates and insights on AMERICAN RESOURCES 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.

Rhea-AI Summary
American Resources (NASDAQ:AREC) announces successful rare earth deposits with over 550 ppm in Wyoming County, WV. The company plans to concentrate rare earth minerals alongside carbon production, reducing costs and unlocking value. CEO Tarlis Thompson highlights the innovative approach to make extraction economically viable. The partnership with ReElement Technologies aims to provide an alternative to China's dominance in rare earth refining.
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American Resources successfully closed a $150 million tax-exempt bond offering for its Kentucky Lithium refining facility. The company is a pioneer in rare earth elements and critical battery elements production, with patented technology and innovative partnerships. Strong financials support growth plans and collaborations. Key highlights include partnerships with major auto manufacturers and wind energy producers, as well as advancements in critical mineral refining technology. The company aims to spin off ReElement Technologies and American Carbon as standalone businesses in 2024.
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American Resources 's subsidiary, ReElement Technologies , has closed a $150 million Bond Purchase Agreement with Hilltop Securities Inc. to fund the development of a lithium processing facility in Kentucky. The facility aims to produce battery-grade lithium carbonate and lithium hydroxide with a low carbon footprint and employ coal industry workers for a sustainable energy transition. The project is expected to create over 100 well-paying jobs and meet IRA compliance for the battery industry.
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ReElement Technologies, a subsidiary of American Resources (NASDAQ:AREC), has partnered with a major U.S. auto manufacturer to establish a circular economy for rare earth magnets. By recycling rare earth elements within EV motors back to ultra-pure magnet-grade rare-earth oxides, ReElement is leading in sustainability and circularity solutions for the domestic supply chain.
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American Resources (AREC) to report Q4 and full year 2023 financial results on March 28th, 2024. Conference call to provide business outlook.
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ReElement Technologies Africa , a subsidiary of American Resources (AREC), appoints His Excellency Baba Kamara as its first independent board member. Kamara, a seasoned diplomat and business leader, aims to unlock Africa's mineral resources' economic potential through partnerships and value addition. ReElement's technology focuses on refining critical elements sustainably and efficiently.
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American Resources 's subsidiary, ReElement Technologies Africa , appoints His Excellency Baba Kamara to its Board of Directors as the first independent member. The company aims to establish partnerships in Africa for long-term mutual benefits, focusing on creating value for all stakeholders. Kamara's extensive experience in diplomacy and business leadership enhances the company's mission to unlock the full value of critical mineral resources in African nations.
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American Resources Corporation's subsidiary, ReElement Technologies, partners with EDP Renewables North America to recycle rare-earth magnets from wind turbines, setting new sustainability standards in the renewable energy sector.
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American Resources Corporation (AREC) receives a $50,000,000 investment offer for its subsidiary ReElement Technologies at a $300,000,000 valuation. Management commits over $1,000,000 to the investment round, aiming to accelerate growth and unlock value for shareholders.
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American Resources Corporation (AREC) adjusts Record Date and Distribution Date for special dividend of Novusterra Inc.
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FAQ

What is the current stock price of AMERICAN RESOURCES (AREC)?

The current stock price of AMERICAN RESOURCES (AREC) is $1.07 as of December 20, 2024.

What is the market cap of AMERICAN RESOURCES (AREC)?

The market cap of AMERICAN RESOURCES (AREC) is approximately 82.8M.

What does American Resources Corporation do?

American Resources Corporation focuses on the extraction and processing of metallurgical carbon and critical and rare earth minerals, essential for steelmaking and the electrification market.

Where is American Resources Corporation located?

The company is headquartered in Fishers, Indiana, with operations primarily in the Central Appalachian basin of eastern Kentucky and southern West Virginia.

What is ReElement Technologies Corporation?

ReElement Technologies is a subsidiary of American Resources Corporation that specializes in the high-performance refining of rare earth and critical battery elements using innovative and environmentally safe processes.

What recent achievements has American Resources Corporation accomplished?

Recent achievements include establishing the ReElement refining campus in Marion, Indiana, and securing a $150 million tax-exempt bond offering for the Kentucky Lithium refining facility.

How does American Resources Corporation contribute to sustainability?

The company focuses on recycling end-of-life products such as rare earth permanent magnets and lithium-ion batteries, creating a low-cost and environmentally safe circular supply chain.

What are the main products of American Resources Corporation?

The main products include metallurgical carbon for steelmaking and rare earth minerals and critical elements used in electrification and advanced technologies.

How does American Resources Corporation support national security?

The company is a member of the Defense Industrial Base Consortium, contributing to the supply chain for defense-critical minerals and supporting national security through sustainable refining practices.

What is the 'Powered by ReElement' platform?

It is a service offering that includes advanced separation and purification techniques for critical and rare earth minerals, optimizing existing processing methods and supporting direct lithium extraction processes.

How does American Resources Corporation's business model benefit its operations?

The company's low-cost, growth-centered business model allows it to maximize margins while reducing costs, making it highly competitive in the global market.

Where can I find more information about American Resources Corporation?

More information can be found on their website, americanresourcescorp.com, as well as on their Facebook, Twitter, and LinkedIn pages.

AMERICAN RESOURCES CORP

Nasdaq:AREC

AREC Rankings

AREC Stock Data

82.84M
50.70M
34.52%
7.51%
3.48%
Coking Coal
Bituminous Coal & Lignite Mining
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United States of America
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