AREC's fully functioning McCoy Elkhorn Complex.
"With over 12 years of experience in successfully operating coal assets throughout all stages of market cycles,
we have built a platform focused on our customers, investors and employees to deliver accretive growth safely and efficiently."
MARK J. LAVERGHETTA
VICE PRESIDENT OF CORPORATE FINANCE & COMMUNICATIONS
American Resources Corporation’s roots date back to 2006 when the founding partners successfully restructured a coal mining
complex of 7 mines and a wash plant located in Floyd County, Kentucky. Since then, management has utilized their operating
philosophy focused on safety, efficiency, cost, and coal quality to acquire and restructure high-cost mining complexes in eastern
Kentucky to become efficient and profitable operations. In 2015, the company’s wholly-owned subsidiary, Quest Energy Inc., was
formed as management actively pursued acquiring strategic coal operations that were struggling during the coal industry’s downturn.
Through the acquisition of Deane Mining, ICG Knott County (later renamed Knott County Coal), and McCoy Elkhorn Coal,
American Resources currently operates both metallurgical and high-grade thermal coal mines in eastern Kentucky. With
a large number of low-holding cost permits that access metallurgical coal, PCI and high BTU low sulfur coal the Company
is executing on its organic growth plan while continuing to identify accretive acquisition targets that meets American
HEADLINES FOR 2018
|Oct 3, 2018 ||American Resources Corporation Expands Coal Processing and Transloading Services Business |
|Sep 25, 2018 ||American Resources Corporation Announces the Divestiture of Non-Core Operations and Reduction of Company Liabilities |
|Sep 20, 2018 ||American Resources Corporation Appoints Tarlis Thompson as Chief Operating Officer |
|Sep 10, 2018 ||American Resources Corporation Records Record Revenue for August 2018 |
|Aug 2, 2018 ||American Resources Corporation Secures Coal Processing and Transloading Agreement |
|Jul 26, 2018 ||American Resources Corporation (OTCQB: AREC) 2018 Letter to Shareholders |
|Jun 18, 2018 ||American Resources Corporation Begins Trading on the OTCQB Venture Market |
|May 30, 2018 ||American Resources Corporation Begins Production at Razorblade Surface Mine |
|May 29, 2018 ||American Resources Corporation Reduces Company Liabilities by Over $18 million |
|May 14, 2018 ||American Resources Corporation Acquires Active Surface Mining Operation |
REMARKABLE REVENUE GROWTH POINTS TO PROFITABILITY
As the COMPANY SNAPSHOT mentions AREC's Revenues have been ramping up over the last year two years. 2016 $7.6 million
2017 $20.8 million
2018 YTD (as of 08/30/2018): $19.8 million Expected $28-30 million for 2018.
As REVENUES have been ramping up their GROSS PROFIT and EBITDA have been improving. Editing (11/16/2018)... Lost and expenses increased as they have been bringing additional mines online and upgrading current mines to make them more efficient and productive (see press release Quarter (in millions) Rev Gross Profit Net (loss) 4 Quarters Rolling
|'17 Q3 ||4,351 ||1,554 ||(1,809 || |
|'17 Q4 ||5,486 ||1,449 ||(5,356) ||9,837 |
|'18 Q1 ||7,325 ||1,851 ||(2,669) ||17,162 |
|'18 Q2 ||7,023 ||2,403 ||(1,860) ||24,185 |
|'18 Q3 ||9,038 ||2,347 ||(3,628) ||28,872 |
|'18 Q4 || || || || |
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* from SEC.GOV Filings on https://www.otcmarkets.com/stock/AREC/financials
RADIO INTERVIEW with UptickNewswire.com from August 13, 2018
Here's an informational interview of our CEO Mark Jensen with Everett Jolly from UptickNewswire.com Radio: (Length: 9 minutes) Press Release
and Uptick Newswire Broadcast. Information of note from Interview / Press Release:
Management forgave over $18 Million owed to them in company debt and exchanged it for an equity interest in the present company.
Revenues have been growing at over 40% over last year.
Merger and Acquisitions will continue to be part of the plan for further growth.
In the last year the Value of Coal has increased 45-60% and exponentially increased profit margins.
AMERICAN RESOURCES CURRENT OPERATIONS
|McCoy Elkhorn Coal |
McCoy Elkhorn Coal is located in Pike County, Kentucky and currently has two operating underground mines within the Glamorgan and Alma coal seams, with additional mines in development in the Alma, Cedar Grove and Pond Creek coal seams. McCoy Elkhorn mines and sells metallurgical coal, and utilizes its two state-of-the-art processing facilities with a combined capacity of 1,300 tons-per-hour, and batch-weight loadouts on the CSX railroad.
| ||Knott County Coal |
Knott County Coal is located primarily in Knott County, Kentucky and will utilize both surface and underground mining methods in the Lower Elkhorn, Elkhorn 2, Elkhorn 3, Elkhorn 3 Rider, Hazard 4, Hazard 4 Rider, and Amburgey coal seams. Knott County Coal will mine and sell PCI, industrial, and high-grade thermal coals, and utilize its 400 ton-per-hour preparation plant and batch-weight loadout on the CSX railroad.
|Gold Star Mine |
ERC Mining Indiana Corporation operates the Gold Star Mine and is located in Greene and Sullivan Counties, Indiana and consists of a box-cut underground mine accessing approximately 54.9 million tons of high-grade, low sulfur coal within the Indiana IV and Indiana III coal seams. The Gold Star Mine utilizes its 170 ton-per-hour preparation plant and batch-weight loadout on the Indiana Rail Road.
| ||Deane Mining |
Deane Mining is located in Letcher County, Kentucky and utilizes both surface and underground mining methods primarily in the Elkhorn 3, Hazard 4, and Hazard 4 Rider coal seams, with additional mines in development in the Elkhorn 2, Elkhorn 3, and Hazard 4 coal seams. Deane Mining produces and sells PCI, industrial, and high-grade thermal coals, and utilizes its 800 ton-per-hour preparation plant and batch-weight loadout on the CSX railroad.
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American Resources Corporation Begins Production at Razorblade Surface Mine May 30, 2018