American Resources Corp (AREC)

[RandyKCMO]

MORE NEWS… American Resources Corporation Signs Binding Letter of Intent to Acquire Energy Technologies, Inc. for the Separation and Analyzation of Rare Earth Elements, Battery Metals and Energy Efficiency

Thursday, April 7, 2022 8:00 AM

*Energy Technology Inc. is widely recognized by DOE and industry participants for its analyzing equipment capabilities

*Advanced separation and analyzation capabilities add enhanced efficiencies to the Company's processing of critical and REEs

*Existing team will join the American Resources team and continue to drive the acquired business forward under the Company umbrella


FISHERS, IN / ACCESSWIRE / April 7, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that has signed a binding letter of intent to acquire all of the outstanding stock of Energy Technologies Inc. ("ETI"), a rare earth element and carbon technology company with a focus on analyzing and separating materials for the recovery and concentration of high-value products.

Mark Jensen, CEO of American Resources Corporation commented, "We have had the luxury of working with the Energy Technologies team, led by David Swindell, for the past several years. Most recently, we've been part of a U.S. Department of Energy Federal Demonstration Partnership award, led by ETI, for the analyzing and sorting of mineral-rich resource feedstock in a support role. As part of this previously announced program, we had the opportunity to better understand ETI's capabilities and the quality of their technology, and also came away with a very high regard for David and his team. We couldn't be happier to have them join the American Resources team and help continue to drive our innovation in the rare earth and battery metals space. As we continue to expand our footprint of feedstocks, we believe the addition of their patented technologies will highly complement our leading suite of IP with regards to capturing, processing and purifying critical and rare earth elements in the lowest cost and environmentally safe methods."

Jensen added, "The first mile of extraction, or capturing, rare earth and battery metal concentrates from any feedstock is key to being economical. What we've seen in the latest technology implemented by ETI is a game-changer, given it can analyze and separate rare earth and battery metals feedstocks in real time and in a very low-cost method at the initial point of extraction. In the latest project, we have seen ETI's technology increase the concentration of targeted material by approximately 5x right at the initial collection point. This added efficiency results in less time, energy, labor, chemicals and wear and tear on the overall process. Being able to take a lower concentrated reserve and increase the concentration five-fold using this technology is a huge savings and is the key to making carbon-based feedstocks in the rare earth space economically viable."

David Swindell, CEO of Energy Technologies Inc. commented, "Having worked in and around the team at American Resources and American Rare Earth, I have been able to understand their innovative culture and ability to be forward thinking within the infrastructure and rare earth and critical elements industry. The ability to join the team and have access to their internal resources and capabilities, in combination with our patented technologies and existing customer base, we believe will maximize the shareholder value of the combined organization."

ETI was founded in 1994 in Oak Ridge, Tennessee. Formerly a division of SAIC. ETI initially focused on the coal industry, providing nuclear analysis equipment and technical support to mines, coal handling facilities, and power plants to allow these operations to selectively concentrate their feedstock. ETI is currently headquartered in Maryville, Tennessee where it has expanded into other fields, such as cement production, biomass processing, and other elemental separation and processing. ETI designs, builds, and tests all of its products in its Maryville facility, and installs and maintains this equipment worldwide. ETI analyzers are currently installed in North America, Europe, Asia, and Australia. ETI's services include custom design & applications, turn-key installation, calibration, maintenance, and radioactive material handling and training.

ETI realized several years ago that its patented technologies are highly applicable in other fields of elemental analysis and separation, with proven success in the concentration of critical and rare earth element extraction. With the expected growth in electrifications and clean tech, and by partnering with American Resources Corporation and its subsidiary, American Rare Earth, ETI has the unique ability to accelerate the deployment of its technology in the critical mineral and rare earth element industries.

Key highlights of ETI include:

*Three patented technologies in elemental selection and analysis, with additional patents in desgn and in process;

* Participated in Department of Energy or government sponsored projects;
Consistent company profitability;

* Over 441 Dual-Gamma Analyzers, 79 elemental analyzers and 223 process control analyzers installed worldwide to date; and

* Technology focused on clean energy initiatives, infrastructure operating efficiency and rare earth and battery metals extraction efficiency.

The acquisition of ETI by American Resources will be completed using a combination of cash and stock in American Resources Corporation. It is anticipated that the team at ETI will continue in their current roles to help continue to grow the business, while each ETI, American Resources, and American Rare Earth leverage the operations, assets, and talent of the other respective businesses to propel future innovation and growth.

American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.

About Energy Technologies, Inc.
Energy Technologies Inc. (ETI) was founded in 1994 in Oak Ridge, Tennessee. Formerly a division of SAIC, ETI initially focused on the coal industry, providing nuclear analysis equipment and technical support to mines, coal handling facilities, and power plants. ETI is currently headquartered in Maryville, Tennessee where it has expanded into the fields of cement production, biomass processing, and rare-earth element extraction.

ETI designs, builds, and tests all of its products in its Maryville facility, and installs and maintains this equipment worldwide. ETI analyzers are currently installed in North America, Europe, Asia, and Australia, with support provided through both on-site visits and secure connections to the running equipment. ETI's services include custom design & applications, turn-key installation, calibration, maintenance, and radioactive material handling and training.

Products offered by ETI included the following patented devices:

Full Stream Elemental Analyzer
The ETI Model 730 Full Stream Elemental Analyzer combines a Prompt Gamma Neutron Activation Analyzer (PGNAA) and a Density/Ash/Moisture gauge for measuring the full elemental and moisture percentages of various materials including coal, cement products, minerals, and wood products as they are transported on a conveyor.


Nuclear Belt Scale
The Model 500 Nuclear Belt Scale /Density Meter measures the weight of bulk material as it travels on a conveyor belt.


Dual-Gamma Ash Analyzer
The Model DGA-410 /DGA-410M Dual-Gamma Ash Analyzer (Ashmeter) is a registered nuclear gauging device for measuring ash content, weight, and optionally, moisture content of bulk materials.


Process Analyzer
The Model 600 Process Analyzer is a registered microwave/nuclear gauging device for measuring ash, weight, and moisture content of bulk materials.


High Speed Sort Gate
The Model 2000 High Speed Sort Gate is a rugged gate assembly for separating materials based on quality. The gate works in conjunction with ETI's Dual-Gamma Analyzer or Process Control Analyzer, and is automatically controlled based on the analyzer measurements taken vs. the set-points controlled by the operator. Manual controls are also supplied.


For more information visit www.energytechinc.com

About American Resources Corporation
American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
[e-mail]

Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
[e-mail]

RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
[e-mail]

Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
[e-mail]

SOURCE: American Resources Corporation

[RandyKCMO]

NEWS… American Resources Corporation Signs Binding Letter of Intent to Acquire Energy Technologies, Inc. for the Separation and Analyzation of Rare Earth Elements, Battery Metals and Energy Efficiency
Thursday, April 7, 2022 8:00 AM
Share this article now

Topic: Mergers and Acquisitions
American Resources Corporation
American Resources Corporation
Energy Technology Inc. is widely recognized by DOE and industry participants for its analyzing equipment capabilities
Advanced separation and analyzation capabilities add enhanced efficiencies to the Company's processing of critical and REEs
Existing team will join the American Resources team and continue to drive the acquired business forward under the Company umbrella
FISHERS, IN / ACCESSWIRE / April 7, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that has signed a binding letter of intent to acquire all of the outstanding stock of Energy Technologies Inc. ("ETI"), a rare earth element and carbon technology company with a focus on analyzing and separating materials for the recovery and concentration of high-value products.

Mark Jensen, CEO of American Resources Corporation commented, "We have had the luxury of working with the Energy Technologies team, led by David Swindell, for the past several years. Most recently, we've been part of a U.S. Department of Energy Federal Demonstration Partnership award, led by ETI, for the analyzing and sorting of mineral-rich resource feedstock in a support role. As part of this previously announced program, we had the opportunity to better understand ETI's capabilities and the quality of their technology, and also came away with a very high regard for David and his team. We couldn't be happier to have them join the American Resources team and help continue to drive our innovation in the rare earth and battery metals space. As we continue to expand our footprint of feedstocks, we believe the addition of their patented technologies will highly complement our leading suite of IP with regards to capturing, processing and purifying critical and rare earth elements in the lowest cost and environmentally safe methods."

Jensen added, "The first mile of extraction, or capturing, rare earth and battery metal concentrates from any feedstock is key to being economical. What we've seen in the latest technology implemented by ETI is a game-changer, given it can analyze and separate rare earth and battery metals feedstocks in real time and in a very low-cost method at the initial point of extraction. In the latest project, we have seen ETI's technology increase the concentration of targeted material by approximately 5x right at the initial collection point. This added efficiency results in less time, energy, labor, chemicals and wear and tear on the overall process. Being able to take a lower concentrated reserve and increase the concentration five-fold using this technology is a huge savings and is the key to making carbon-based feedstocks in the rare earth space economically viable."

David Swindell, CEO of Energy Technologies Inc. commented, "Having worked in and around the team at American Resources and American Rare Earth, I have been able to understand their innovative culture and ability to be forward thinking within the infrastructure and rare earth and critical elements industry. The ability to join the team and have access to their internal resources and capabilities, in combination with our patented technologies and existing customer base, we believe will maximize the shareholder value of the combined organization."

ETI was founded in 1994 in Oak Ridge, Tennessee. Formerly a division of SAIC. ETI initially focused on the coal industry, providing nuclear analysis equipment and technical support to mines, coal handling facilities, and power plants to allow these operations to selectively concentrate their feedstock. ETI is currently headquartered in Maryville, Tennessee where it has expanded into other fields, such as cement production, biomass processing, and other elemental separation and processing. ETI designs, builds, and tests all of its products in its Maryville facility, and installs and maintains this equipment worldwide. ETI analyzers are currently installed in North America, Europe, Asia, and Australia. ETI's services include custom design & applications, turn-key installation, calibration, maintenance, and radioactive material handling and training.

ETI realized several years ago that its patented technologies are highly applicable in other fields of elemental analysis and separation, with proven success in the concentration of critical and rare earth element extraction. With the expected growth in electrifications and clean tech, and by partnering with American Resources Corporation and its subsidiary, American Rare Earth, ETI has the unique ability to accelerate the deployment of its technology in the critical mineral and rare earth element industries.

Key highlights of ETI include:

Three patented technologies in elemental selection and analysis, with additional patents in desgn and in process;
Participated in Department of Energy or government sponsored projects;
Consistent company profitability;
Over 441 Dual-Gamma Analyzers, 79 elemental analyzers and 223 process control analyzers installed worldwide to date; and
Technology focused on clean energy initiatives, infrastructure operating efficiency and rare earth and battery metals extraction efficiency.

The acquisition of ETI by American Resources will be completed using a combination of cash and stock in American Resources Corporation. It is anticipated that the team at ETI will continue in their current roles to help continue to grow the business, while each ETI, American Resources, and American Rare Earth leverage the operations, assets, and talent of the other respective businesses to propel future innovation and growth.

American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.

About Energy Technologies, Inc.
Energy Technologies Inc. (ETI) was founded in 1994 in Oak Ridge, Tennessee. Formerly a division of SAIC, ETI initially focused on the coal industry, providing nuclear analysis equipment and technical support to mines, coal handling facilities, and power plants. ETI is currently headquartered in Maryville, Tennessee where it has expanded into the fields of cement production, biomass processing, and rare-earth element extraction.

ETI designs, builds, and tests all of its products in its Maryville facility, and installs and maintains this equipment worldwide. ETI analyzers are currently installed in North America, Europe, Asia, and Australia, with support provided through both on-site visits and secure connections to the running equipment. ETI's services include custom design & applications, turn-key installation, calibration, maintenance, and radioactive material handling and training.

Products offered by ETI included the following patented devices:

Full Stream Elemental Analyzer
The ETI Model 730 Full Stream Elemental Analyzer combines a Prompt Gamma Neutron Activation Analyzer (PGNAA) and a Density/Ash/Moisture gauge for measuring the full elemental and moisture percentages of various materials including coal, cement products, minerals, and wood products as they are transported on a conveyor.


Nuclear Belt Scale
The Model 500 Nuclear Belt Scale /Density Meter measures the weight of bulk material as it travels on a conveyor belt.


Dual-Gamma Ash Analyzer
The Model DGA-410 /DGA-410M Dual-Gamma Ash Analyzer (Ashmeter) is a registered nuclear gauging device for measuring ash content, weight, and optionally, moisture content of bulk materials.


Process Analyzer
The Model 600 Process Analyzer is a registered microwave/nuclear gauging device for measuring ash, weight, and moisture content of bulk materials.


High Speed Sort Gate
The Model 2000 High Speed Sort Gate is a rugged gate assembly for separating materials based on quality. The gate works in conjunction with ETI's Dual-Gamma Analyzer or Process Control Analyzer, and is automatically controlled based on the analyzer measurements taken vs. the set-points controlled by the operator. Manual controls are also supplied.


For more information visit www.energytechinc.com

About American Resources Corporation
American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
[e-mail]

Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
[e-mail]

RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
[e-mail]

Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
[e-mail]

SOURCE: American Resources Corporation

[RandyKCMO]

Encouraging Release. I’m looking forward to the eventual releases that will reflect the delivered carbon and revenue! 2023 should be a great year for AREC!

[RandyKCMO]

NEWS! American Resources Corporation Increases Specialty Carbon Order Book at Record Prices
Monday[img][/img[/American Resources Corporation Increases Specialty Carbon Order Book at Record Prices
Monday, April 4, 2022 8:00 AM
Share this article now

Topic: Company Update
American Resources Corporation
American Resources Corporation
New purchase order for specialty carbon will be shipped into the international marketplace for specialty fabrication and alloy metal production

Company's expanded carbon production for Q2 2022 is providing customers with needed supply growth while realizing record prices from its facilities for specialty stoker carbon

FISHERS, IN / ACCESSWIRE / April 4, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that it has expanded its sales commitments for a portion of its specialty carbon stoker products for the second quarter of 2022 by approximately 15,000 tons at a record average price realization in the mid $200 per ton.

Tom Sauve, President of American Resources Corporation commented, "Our ability to secure this business for the specialty carbon markets is a testament to the quality of our operations and efforts of our team to identify top-quality assets and position the Company to be the strongest producer in our region. We are continuing to ramp up production at an attractive time to capitalize on the strength in the steel making and specialty carbon markets. During recent customer visits, we were able to showcase the restructuring of our mining complex's which have positioned us to provide strong and growing production, highly specific processing capabilities and inventory, giving them comfort of our ability to deliver for them and at the same time, deliver for our shareholders. To our knowledge, this is the highest price of carbon that has ever been sold from our facilities."

Specialty stoker is a specific sized carbon product that is processed to a very low ash content for a variety of commercial uses. American Resources' specialty carbon stoker, given its specific properties, is expected to meet the demand of the global silicon, ferrosilicon and microsilica marketplace for various industrial and technological applications. This specialized stoker product is able to be produced from either of the Company's Perry County Resources or McCoy Elkhorn operations in eastern Kentucky due to the quality of carbon produced and the capabilities of their processing facilities.

American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.

About American Resources Corporation

American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
[e-mail]

Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
[e-mail]

RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
[e-mail]

Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
[e-mail]

SOURCE: American Resources Corporation]April 4, 2022 8:00

New purchase order for specialty carbon will be shipped into the international marketplace for specialty fabrication and alloy metal production

Company's expanded carbon production for Q2 2022 is providing customers with needed supply growth while realizing record prices from its facilities for specialty stoker carbon

FISHERS, IN / ACCESSWIRE / April 4, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that it has expanded its sales commitments for a portion of its specialty carbon stoker products for the second quarter of 2022 by approximately 15,000 tons at a record average price realization in the mid $200 per ton.

Tom Sauve, President of American Resources Corporation commented, "Our ability to secure this business for the specialty carbon markets is a testament to the quality of our operations and efforts of our team to identify top-quality assets and position the Company to be the strongest producer in our region. We are continuing to ramp up production at an attractive time to capitalize on the strength in the steel making and specialty carbon markets. During recent customer visits, we were able to showcase the restructuring of our mining complex's which have positioned us to provide strong and growing production, highly specific processing capabilities and inventory, giving them comfort of our ability to deliver for them and at the same time, deliver for our shareholders. To our knowledge, this is the highest price of carbon that has ever been sold from our facilities."

Specialty stoker is a specific sized carbon product that is processed to a very low ash content for a variety of commercial uses. American Resources' specialty carbon stoker, given its specific properties, is expected to meet the demand of the global silicon, ferrosilicon and microsilica marketplace for various industrial and technological applications. This specialized stoker product is able to be produced from either of the Company's Perry County Resources or McCoy Elkhorn operations in eastern Kentucky due to the quality of carbon produced and the capabilities of their processing facilities.

American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.

About American Resources Corporation

American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
[e-mail]

Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
[e-mail]

RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
[e-mail]

Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
[e-mail]

SOURCE: American Resources Corporation

[White Coal]

-American Resources achieves high purity of lithium, nickel and cobalt from recycled EV batteries-

(Oct 2021)

American Resources Corporation has announced that, in conjunction with its sponsored research partnership with Purdue University, it successfully achieved a high purity of lithium, nickel, and cobalt from recycled batteries sourced from the manufacturing process of electric vehicles.

The company said it utilized its displacement chromatography technology to achieve the results -- more than 99.5% purity.

https://www.proactiveinvestors.com/companies/news/962115/american-resources-achieves-high-purity-of-lithium-nickel-and-cobalt-from-recycled-ev-batteries-962115.html

[maddog27]

Thanks. Coal is paying well today

[RandyKCMO]

Metallurgical Coal is their basic element... the attention they've gotten over the last year is they've developed and acquired technology for "mining" rare earth elements.

They've also developed a subsidiary for recycling used magnets and similar materials... some of those might be nickel, along with other such elements.

There's probably someone better to voice summarize these things.

[maddog27]

Enjoying the ride. Earnings on the 29th. Does AREC mine any nickel? Or is that still in the planning phases.

[RandyKCMO]

NEWS American Resources Corporation Acquires Operating Rights to PCI Carbon Surface Mine
Fri, March 11, 2022, 7:00 AM·



Facility Could Add 4,000 to 15,000 Tons per Month of Incremental Production to the Company's McCoy Elkhorn Complex

Acquisition Expected To Increase Revenues for Company Beginning in June

FISHERS, INDIANA / ACCESSWIRE / March 11, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that it has acquired the operating rights to a PCI carbon surface mine operation to further expand the production of their McCoy Elkhorn Complex in Pike County, Kentucky.

Thomas Sauve, President of American Resources Corporation commented, "We are excited to be able to bring incremental, near-term production opportunities to life given our vast asset base in the region. This operation is a low-cost opportunity with high quality product that will have the ability to serve our steel-making customers. We are putting a plan in place to bring this operation online over the next 60 days. This job will add an additional 15 direct and indirect jobs to the local community. Additionally, bringing this operation online in the current market will help feed the massive shortage in the supply of high-quality carbon while allowing us to capitalize on current market prices."

Carbon production from this operation will be transported approximately 15 miles to the Company's state-of-the-art processing facilities at its McCoy Elkhorn complex to be processed and shipped to customers. The quality of this operation is anticipated being sold into the PCI and specialty carbon markets. Once ramped, the Company anticipates the operation to produce between 5,000 to 15,000 tons per month. While the terms of the transaction were not disclosed there was no capital paid upfront as part of the transaction.

American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves….


https://www.accesswire.com/692650/American-Resources-Corporation-Acquires-Operating-Rights-to-PCI-Carbon-Surface-Mine

[RandyKCMO]

NEWS! American Resources Corporation Increases Equipment Fleet at Carnegie #1 Mine to Double Production Expansion
Thu, March 10, 2022, 7:00 AM·4 min read
In this article:

Company delivers second Joy 14cm15 continuous miner to expand production by 5,000 to 10,000 tons per month

FISHERS, IN / ACCESSWIRE / March 10, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that it has added to its fleet of equipment at its Carnegie #1 mine to double its production of high-quality metallurgical carbon to meet the strong demand of the current and future market.


Tarlis Thompson, COO of American Resources Corporation commented, "Equipment and people are the lifeline of any mining operation. We have built a great team at this operation and now with the delivery of this newly rebuilt continuous miner, the heart of an operation's equipment fleet, it will enable us to increase production and reduce the mine's overall cost structure. The current carbon market, like so many other commodities and industries, is extremely tight while facing supply chain and labor challenges, and prices are certainly reflecting that. We have heard the narrative that the industry's domestic production this year is sold out and we continue to see a supply-demand balance that corroborates that. Given our growth platform to supply the metallurgical carbon market with incremental supply, we are highly focused on our steady and continuous production ramp, and this milestone demonstrates our ability to do just that and we applaud our team for their accomplishments."

The Carnegie #1 mine produces high vol metallurgical carbon for the domestic and international steel industry. Located in Pike County, Kentucky, the Carnegie #1 mine accesses a large boundary of carbon in the Lower Alma seam. American Resources has now successfully delivered a second, fully rebuilt Joy 14CM15 continuous miner which was rebuilt by its internal rebuild shop over that past few months. The Company will utilize the second continuous miner at the Carnegie #1 mine under a modified or "walking" super section mine plan to increase the mine's sellable output to approximately 12,000 - 20,000 tons per month.

American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.

https://www.accesswire.com/692402/American-Resources-Corporation-Increases-Equipment-Fleet-at-Carnegie-1-Mine-to-Double-Production-Expansion

[White Coal]

-American Resources Corporation Interview to Air on Bloomberg U.S. on the RedChip Money Report(R)-

FISHERS, IN / ACCESSWIRE / February 16, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that an interview with CEO & Chairman Mark C. Jensen will air on The RedChip Money Report® on Bloomberg TV, February 19th, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the United States.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/american-resources-corporation-interview-air-133000418.html

[Wrangler1]

If I hear the CEO say “the company is well positioned” to…what a joke. I talked to the CEO 2 years ago who said anticipated revenues were $150M for 2019. He’s been saying woulda, coulda shoulda for how long now? And if he is hitching his wagon to Uncle Joe’s “infrastructure” plan good luck with that. When he delivers on a fraction of what he has said in the past, please let me know. Until then no thanks.

[maddog27]

AREC compared to SLV...only a matter of time. Longer the consolidation the bigger the up move

[/url

[White Coal]

-AREC is ready to explode-

The set up on the year chart is showing huge bullish breakout potential. Not to mention the company has recently positioned itself to be a major player in the refining process of rare earth. This is a key material necessary for the production of all of our technological advancements ( from EVs to smart watches, etc.) And not to mention, literally, GOING TO THE MOON!

https://www.tradingview.com/chart/AREC/r0raR0Ws-AREC-is-ready-to-explode/

[White Coal]

-Recycling plant aims to turn US coal country into rare earth powerhouse-

This week, HG Ventures, an investment arm of The Heritage Group, and American Rare Earth LLC, a subsidiary of the American Resources Corporation (NASDAQ: AREC), announced they are teaming up to scale up the recycling of batteries, magnets and e-waste with the goal of recovering and supplying critical minerals and rare earth metals to US and global markets.

https://www.mining.com/recycling-plant-aims-to-turn-us-coal-country-into-rare-earth-powerhouse/

[White Coal]

IMO The market will continue to value this news.

Brilliant move by both parties!
The Heritage Group's Monument Chemical could benefit greatly through supplied rare earths sourced by AREC.

Good luck!

[RandyKCMO]

Understandably, the market was pleased with this information. We traded up 15 cents per share on 1.1 Million shares.

Pretty significant release in my opinion.

[RandyKCMO]

NEWS... American Resources Corporation's Rare Earth Division Receives Investment and Enters into Long-Term, Strategic Partnership with The Heritage Group

The Heritage Group brings ~100 years of experience and innovation in transportation and infrastructure materials, environmental services and specialty chemicals to American Rare Earth

Partnership with The Heritage Group supports the development of American Rare Earth's circular economy supply chain partnerships and customer base

Synergies expedite the path to being the first and lowest cost producer of domestically-sourced, purified and sustainable battery and magnet metals

Heritage's investment will equal 7.5% of American Rare Earth LLC and have a right to invest $50 million at a $300 million pre-money valuation


FISHERS, IN / ACCESSWIRE / January 11, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next-generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced its strategic partnership between its wholly-owned subsidiary, American Rare Earth LLC ("American Rare Earth"), and the venture capital investment arm of The Heritage Group, HG Ventures LLC ("Heritage"); a multi-generational business with a diverse range of operating companies focused on innovation in material science, chemistry and environmental services which includes a major stake in the largest and most comprehensive battery recycling platform in North America. American Rare Earth and Heritage will be expediting the path of being the United States' first and lowest cost producer of domestically sourced, purified and sustainable battery and magnet metals.

Mark Jensen, CEO of American Resources Corporation commented, "As we continue to execute on our vision of redefining how critical and rare earth elements are sourced, processed and purified by focusing on a sustainable and circular supply chain, we have been very selective with our prospective partners to this point. We are thrilled to be moving forward and partnering with Heritage given their unique position, expertise, network and a shared vision on how we can collaboratively bring impactful solutions to the domestic supply of battery and magnet metals. Furthermore, we both agree that creating a closed-loop and circular supply of these increasingly important materials in a cost effective and environmentally safe way will enable the United States to compete on a global basis. As we are hitting key metrics to bring our technologies into a commercial production in 2022, bringing in a partner that can help expedite the commercial success is a game changer for the scalable growth of our rare earth and battery metals division. This partnership will allow us to further incorporate value-added partners throughout the supply chain more expeditiously and ensures a successful pathway for our shared vision."

Indiana-based The Heritage Group brings almost a century of knowledge, experience, innovation and relationships throughout various industries including transportation infrastructure and materials, environmental services, specialty chemical and fuel products to American Rare Earth. Today, Heritage consists of over thirty operating companies with approximately 170 worldwide locations and over 5,000 employees. With its vast reach, Heritage has a proven track record of delivering new solutions and advancing socio-economic progress through science, world-class R&D, business, venture capital and strategic acquisitions.

"We look forward to partnering with American Rare Earth to expand production of rare earth elements and critical metals by recycling electric motors, batteries and other e-waste, which will help address U.S. supply chain and sustainability challenges," added Jonathan Schalliol Director at HG Ventures. "As demand for batteries and smart electronics soars, this partnership aims to help drive growth in the U.S. raw materials market to expand our country's domestic manufacturing capabilities. The U.S. has the opportunity to lead in closed-loop and circular material supply, and it starts with this type of cross-sector collaboration."

This partnership leverages American Rare Earth's proprietary and industry-leading technologies in critical and rare earth metal processing and purification with Heritage's longstanding success in material science, assets and extensive relationships. American Rare Earth's unique ability to capture, process and purify critical and rare earth elements have come from the partnerships of three leading universities creating a platform of innovation.

With American Rare Earths' first purification facility expected to be operational in the first half of 2022, this partnership further strengthens American Rare Earth's foothold into various feedstock relationships for battery and magnet material including from spent electric vehicle, windmill motors and e-waste for which there is currently no comprehensive, sustainable, end-of-life solution. Additionally, the partnership opens up relationships with public and private customers demanding these purified metals to drive the growth and success of the electrification and clean tech markets while advancing national security interests.

Through its due diligence and verification of American Rare Earth's chromatography process and technology for the final stage of isolation and purification of critical battery and magnet metals, Heritage and American Rare Earth have entered into a collaboration agreement (the "Collaboration Agreement") to include but not limited to:

collaboration on opportunities to accelerate the growth and commercialization of American Rare Earth's feedstock supply and to provide Heritage with additional products and services to market;

enhance the sourcing of feedstocks, such as of end-of-life permanent magnets and batteries or battery materials, for American Rare Earth's processing and purification business;

further the buildout of American Rare Earth's downstream sales partners for the sale of critical and rare earth metals to government and industry partners for the production of new products and applications;

leverage Heritage and its Affiliates' personnel, expertise, and equipment (such as R&D and laboratory equipment) to possibly assist American Rare Earth in the further development, refinement and execution of its business; and

provide Heritage and its Affiliates the ability to market the technologies, patents, capabilities and access of American Rare Earth's technologies and patents to Heritage's and its Affiliate's customers, relationships, and affiliates.

Pursuant to the Membership Purchase Interest Agreement, Heritage will receive a 7.5% ownership stake of American Rare Earth with American Resources retaining ownership of 92.5% of the equity interest. Additionally, Heritage has been granted an option to purchase up to $50 million of American Rare Earth's equity interest at a $300 million, pre-money valuation.

American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.

About American Resources Corporation

American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

About American Rare Earth LLC

American Rare Earth is redefining how critical and rare earth elements are both sourced and processed while focusing on the recycling of end-of-life products such as rare earth permanent magnets and lithium-ion batteries, as well as coal-based waste streams and byproducts to create a low-cost and environmentally-safe, circular supply chain. American Rare Earth has developed its innovative and scalable "Capture-Process-Purify" process chain in conjunction with its licensed intellectual property including 16 patents and technologies and sponsored research partnerships with three leading universities to support the domestic supply chain's growing demand for magnet and battery metals. For more information visit arareearthcorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

About The Heritage Group

Founded in 1930, The Heritage Group (THG) is a fourth-generation, family-owned business managing a diverse portfolio of companies specializing in heavy construction and materials, environmental services, and specialty chemicals. Companies within the THG portfolio include Heritage Environmental Services, Heritage Construction + Materials, and Monument Chemical. With more than 5,000 employees and 30 operating companies worldwide, THG aims to build a safer, more enriching and sustainable world by harnessing the power of family.

About HG Ventures

HG Ventures is the corporate venture arm of The Heritage Group, headquartered in Indianapolis, Ind. HG Ventures supports innovation and growth across The Heritage Group by investing and partnering with innovative, high-growth companies to support a sustainable future. We leverage the world-class expertise of The Heritage Group operating companies and research center to offer a unique value proposition to our portfolio company partners. www.hgventures.com

Special Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
[e-mail]

Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
[e-mail]

RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
[e-mail]

Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
[e-mail]

SOURCE: American Resources Corporation



View source version on accesswire.com:
https://www.accesswire.com/681945/American-Resources-Corporations-Rare-Earth-Division-Receives-Investment-and-Enters-into-Long-Term-Strategic-Partnership-with-The-Heritage-Group

[RandyKCMO]

Agreed. With additional mines coming online I would think 2022 results would be much improved.

[maddog27]

Insiders loaded...maybe time. $2.00 line would be good start for change in trend

[maddog27]

Added today...no concern until breaking lines that are around 1.8. Depends how ugly they want it to become or not

[RandyKCMO]

Q3 RESULTS …American Resources Corporation Reports Third Quarter 2021 Financial Results and Provides Business Outlook

* Company highly aligned with major U.S. priorities in both infrastructure and electrification

*Significant execution has positioned the Company to be a low-cost, stable provider of raw materials to high-growth markets

*Company seeing significantly increasing carbon demand and price realization as it scales operations

*Strong balance sheet provides financial strength and flexibility to execute on its innovation, collaboration and growth plans

*Company to host update conference call today at 11:00 AM ET

FISHERS, INDIANA / ACCESSWIRE / November 15, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today reported its third quarter of 2021 financial results and provided a corporate update. The Company will host a conference call and webcast, today, November 15, 2021, at 11:00 a.m. ET (details below).

Mark Jensen, Chairman and CEO of American Resources Corporation commented, "Over the course of the third quarter of 2021, we continued to position our Company to be one of the most unique growth platforms to reposition old-world, legacy assets to strategically align with a more modern economy. With the advancement of our nation's infrastructure initiatives, we find ourselves extremely well aligned with our American Carbon and American Rare Earth divisions to support these important aspects of our national and global economies. Both traditional infrastructure like roads, ports and bridges as well more modern infrastructure initiatives such as the advancements of green energy and clean tech have a growing need for both high quality steel as well as critical battery and magnet metals. We remain highly committed and focused on the execution of both divisions and feel like we are extremely well positioned to be the growing supplier of high-quality metallurgical carbon in a market that is expected to remain tightly supplied for the foreseeable future, as well as redefining how critical and rare earth elements are both sourced and processed throughout the world while also focusing on the circular economy of recycling existing permanent magnets and battery metals."

….

https://www.accesswire.com/672788/American-Resources-Corporation-Reports-Third-Quarter-2021-Financial-Results-and-Provides-Business-Outlook

[RandyKCMO]

I think this release and those in the last few weeks demonstrate that AREC is beginning a new phase in its existing.

The stock has traded up hugely on the news of Rare Earth Minerals and the development of a multi-focused business plan and corporate structure...

BUT... in the near term, what's going to drive the share price is revenue and earnings from metallurgical coal... which is already valuable and will continue to increasing in value.

[RandyKCMO]

White Coal... I as well. I think once production numbers start being released... and we're told how many hundred tons of material in process and on the way to market, it's going to be fun to watch.

Randy

[RandyKCMO]

GOOD NEWS!!American Resources Corporation Commences Initial Sales and Shipments from its Reopened McCoy Elkhorn Complex


Thu, November 11, 2021, 7:30 AM

Company's Carnegie 1 mine is ramping production in one of the strongest metallurgical carbon markets over the last decade

Carnegie 1 mine is currently running a seven day a week schedule and adding additional production and maintenance shifts

FISHERS, IN / ACCESSWIRE / November 11, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that it has begun selling and shipping metallurgical carbon produced from its recently reopened Carnegie 1 mine. Shipments of carbon are being sold to its customer base to be used for steel making in both the international and domestic steel markets.

Located in Pike County, Kentucky, the Company's Carnegie 1 mine is an underground mine producing high vol metallurgical carbon from the Lower Alma seam and part of both the Company's broader Carnegie mining complex and its McCoy Elkhorn processing and logistics facility. Carbon extracted from the Carnegie mines is transported to the nearby McCoy Elkhorn complex where it is processed, loaded and shipped to domestic and international metallurgical (steel making) customers.

Mark Jensen, CEO of American Resources Corporation commented, "It's always a rewarding day for our team when we see our efforts bear fruit by getting our first Carnegie mine reopened, as well as our McCoy Elkhorn facility, up and running and now shipping carbon to our steel customers. We are in a very fortunate spot to be expanding production of high-quality, steel-making carbon in a market that is seeing constrained supply struggling to meet worldwide infrastructure demands. The changes our team has made at this complex are focused on safety, cost and efficiency. While the Carnegie 1 mine was in production briefly before the COVID-19 pandemic hit our region, the mine is essentially new, allowing us to efficiently produce a quality product with decades of mine life. Our Carnegie 2 mine will subsequently be brought online in short order as we have already invested the development capital and have secured the contract mining company to operate this new mine which will access the same boundary of carbon from a different direction as our Carnegie 1 mine."

In addition to its Carnegie 1 and Carnegie 2 mines, the Company has plans to develop it Carnegie 3 mine and its Carnegie Surface mine to supplement the complex's overall production at the facility. The Company is also evaluating upgrading the McCoy Elkhorn processing plant to produce a mini stoker industrial product for the specialty alloy metal marketplace given that market's consistently strong demand.

American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.

About American Resources Corporation

American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
[e-mail]

Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
[e-mail]

RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
[e-mail]

Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
[e-mail]

SOURCE: American Resources Corporation



View source version on accesswire.com:
https://www.accesswire.com/672239/American-Resources-Corporation-Commences-Initial-Sales-and-Shipments-from-its-Reopened-McCoy-Elkhorn-Complex






https://finance.yahoo.com/news/american-resources-corporation-commences-initial-133000941.html

[White Coal]

Same. Activity will likely start soon after the 10Q

That's scheduled for Monday
I'm anticipating an active Q1/Q2 2022

Good luck!

[Dragonfly79]

I expect things to become very active again here with Arec. Infrastructure bill passing and demand soaring

[RandyKCMO]

I agree. Anything with will contribute directly to the bottom line will eventually be reflected in the share price.

Our day is coming!

[White Coal]

IMO This is much bigger news than the market is crediting AREC with..
-American Resources Corporation Upgrades Its Processing Facility at Perry County Resources Complex-

"Based on our analysis, we estimate the addition of the middling circuit will produce approximately 7,500 additional sellable tons per month during 2022", continued Mr. Thompson. "Given the market for specialty carbon has recently seen significant strength both domestically and internationally, we estimate additional potential sales from our middling circuit generating approximately $300,000 per month, beyond our PCI and stocker carbon sales in 2022, while at the same time saving the Company over $13,000 in monthly operating and refuse costs. Additionally, we expect to begin marketing the product offering in the coming weeks and anticipate strong demand."

https://microcaps.com/press-release/american-resources-corporation-upgrades-its-processing-facility-at-perry-county-resources-complex/

[RandyKCMO]

Looking forward to AREC making announcements like this one by Ramaco Resources (Ticker Symbol: METC). Same industry Pure coal play:

Ramaco Resources, Inc. announces conclusion of successful 2022 North American sales negotiations,

acquisition of significant assets from Coronado,

and new establishment of a regular dividend policy

LEXINGTON, Ky., Oct. 26, 2021 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) ("Ramaco" or the "Company") announced that it has completed 2022 sales negotiations to its North American steel customers. Ramaco has now contracted to sell 1.67 million tons of both low volatile and high volatile coal at an overall average price of roughly $196 per short ton FOB mine. These sales translate into over $325 million in 2022 booked revenue. Based upon the Company's current mine costs, adjusted upward for higher sales-related expense, the earnings from these domestic sales are estimated to generate roughly $190 million of adjusted EBITDA in 2022. These completed domestic sales represent approximately 54% of Ramaco's projected 2022 production of 3.1 million tons. The balance of roughly 1.5 million tons of 2022 production will be sold into export markets, at what is currently higher index-based pricing.


Ramaco also announced that it has now executed an Asset Purchase Agreement with companies owned by Coronado Global Resources Inc. ("Coronado") to purchase certain assets from Coronado (the "Amonate Assets"), described below. The cash consideration for the acquisition is $30 million to be paid at closing, anticipated to occur by mid-November. The acquisition will be immediately accretive to the Company beginning in 2022.

Finally, the Company announced that its Board of Directors ("Board") authorized the initiation of a regular quarterly dividend to be paid beginning in the first quarter of 2022. The amount of the dividend and timing of both the record date and payment date will be set at the Company's Board meeting to be held in early December.

2022 Domestic Sales:

The Company has completed its most successful domestic coal sales efforts since inception. In 2022, it will sell 1.67 million tons to North American steel mills. Based upon the Company's projected 2022 production of roughly 3.1 million tons (inclusive of new production from the Amonate Assets described below), the Company will have roughly 1.5 million tons remaining to be sold in 2022 consisting of 800,000 tons of low and mid volatile coal and 700,000 tons of high volatile coal.

Amonate Assets and Berwind Mine:

The Amonate Assets being acquired from Coronado include a mine complex located in McDowell County, West Virginia and Tazewell County, Virginia. All assets are located adjacent and contiguous to the Company's existing Berwind Mine Complex (see the photo above). The acquisition primarily consists of approximately 50 million tons of low and mid volatile reserves, much of which will be mined from the Company's Berwind Mine. Also being purchased are several additional permitted mines, and a currently idled 1.3-million-ton per annum capacity coal preparation plant.

Mine development on the Amonate reserves will begin immediately. Initial production is expected by early in the second quarter of 2022, with total new incremental production for the entire year at approximately 200,000 tons. This will increase to approximately 700,000 tons at full production capacity by the end of 2023. The Company estimates that if operating today, the Amonate reserves would have cash mine costs in the $70 per ton range based on year-to-date metrics. Capital expenditures for the new incremental tons are expected to be approximately $2 million in 2021 and $10 million in 2022, primarily for purchase of underground equipment.

Refurbishing of the existing Amonate preparation facility will similarly begin immediately, with 50% capacity utilization anticipated to be achieved by June 2022. Complete nameplate capacity of roughly 1.3 million tons will be achieved by the end of 2022. Capital expenditure for the preparation plant upgrade is expected to be approximately $2 million in 2021, $6 million in 2022 and $2 million in 2023.

In addition, the Company's existing nearby Berwind Mine is expected to reach full production capacity of roughly 750,000 low volatile tons in mid-2022. By the end of 2023, together with the Amonate reserves, the combined mine complex will be capable of producing between 1.4-1.5 million low volatile tons, primarily from the Pocahontas #4 coal seam.

This will increase the Company's overall annual production capacity to approximately 3.7 million tons of metallurgical coal, with an allocation of roughly 60% high volatile and 40% of low volatile coals. The Company estimates that if mined today its overall production would have average cash mine costs in the upper $60 per ton range based on year-to-date metrics.

Management Comments:

Randall Atkins, Ramaco's Chairman and Chief Executive Officer remarked, "This has been a transformative month of activity for Ramaco and one that we hope will propel Ramaco to be viewed in a different dimension as a public company.

As one of the only pure play metallurgical coal producers, we have been able to capitalize on the current underlying strength in both domestic and international coal markets. Our recently concluded sales of coal for 2022 into the U.S. and Canadian steel markets have provided us with the strongest prices and realizations we have seen since we became public.

Through these sales, we have essentially just booked over $325 million of revenue for 2022 and $190 million in adjusted EBITDA by selling only approximately half of our expected production. To confess to a bit of humility, as a reminder in 2020 we booked roughly $19 million in adjusted EBITDA for the full year. The anticipated level of earnings from just these booked sales translates into a greater amount of adjusted EBITDA than we have cumulatively generated since Ramaco went public in 2017.

We hope to continue to capitalize on the ongoing strength in export markets, by retaining roughly half of 2022 production which will be sold to overseas customers at currently higher priced index-based pricing. Indeed, our most recent index-based export sale of high volatile coal was transacted at roughly $315 per short ton FOB mine. We currently still have over 100,000 tons of some of best coals to sell through the remainder of the year. Our current year to date mine costs are in the mid $60s per ton range.

We took a conservative approach to developing our business over the years. We have now been rewarded by being able to capitalize on opportunities to position Ramaco into a different class of public company at a point of exceptional underlying strength in the metallurgical coal markets. We will continue to grow. Indeed, we expect to ultimately double our current 2021 production to between 4-5 million tons over the next few years.

As a cornerstone of that production ramp, today we announced the acquisition of the Amonate Assets from our neighboring coal group Coronado. Amonate represents Ramaco's first major acquisition and is expected to add significant immediate accretion to both our adjusted EBITDA and net income beginning next year.

Since we began development on the Berwind mine complex in 2018, we envisioned the strategic logic of one day combining the Berwind and Amonate properties. This milestone now has arrived at a point when Ramaco is currently in its strongest liquidity position to purchase and develop these assets. It is also fortunate that it was timed so that the initiation of additional new production will come on stream into what we envision as a continuing strong multi-year domestic and international metallurgical coal market.

As an example of the acquisition's accretion, we will now avoid millions of dollars of annual trucking expense to our Knox Creek preparation facility just as we bring the Berwind mine to 750,000 tons of full production next year. Instead, we will simply belt the coal by conveyor to the adjacent Amonate prep plant less than half a mile away. Additionally, we will be able to now increase production at our overall Berwind mine complex to almost 1.5 million tons by 2023 by adding the 700,000 tons of new production from the adjacent Amonate reserves.

This new reconfiguration will also free up additional processing capacity at our 1.25-million-ton Knox Creek prep plant facility for both our own future mining development, as well as for third party purchased merchant coal opportunities. By the end of 2023, once these new reserves are in full operation, we expect to be at a 3.7+ million-ton annual production level.

Another long-term milestone is that we will begin a regular dividend in the first quarter of next year. Our Board determined we have proven an ability to generate both substantial long term and sustainable free cash flow. We hope to regularly increase this dividend in the years ahead as we continue to grow. We would note that we remain the only net cash positive company in the public coal space.

Lastly, as we look at today's industry landscape, it continues to exhibit significant constraints on both new supply creation and capital availability. Ramaco is one of the only public coal groups that possess both the financial and operational bandwidth to more than double our current production levels over the next few years, and importantly to do so in a low-cost manner. As important, we have now demonstrated an ability to both grow our business, as well as return capital to our shareholders at the same time.

We remain committed to being an opportunistic, low cost, low debt, and no legacy liability metallurgical coal producer. We operate in the segment of the coal industry with both continuing strong growth and cash generating potential, as well as one with a low greenhouse gas emitting profile. We will look forward to discussing more of our future opportunities in the months ahead."

Contact: [e-mail] or 859-244-7455


https://c212.net/c/img/favicon.png?sn=CL53158&sd=2021-10-26 View original content to download multimedia:https://www.prnewswire.com/news-releases/ramaco-resources-inc-announces-conclusion-of-successful-2022-north-american-sales-negotiations-acquisition-of-significant-assets-from-coronado-and-new-establishment-of-a-regular-dividend-policy-301409231.html

SOURCE Ramaco Resources, Inc.




https://www.otcmarkets.com/stock/METC/news/story?e&id=2032410

[BaseJumper35]

AREC is a constant adding position of mine bought last year and just keep adding! the value will be out of this world once PPS finds proper valuation!

[White Coal]

Same! I'm guessing AREC and METC will cross paths around the 500MM cap area.

IMO METC is a bit over valued and AREC is significantly under..

Met coal and U.S. rare earth mineral extractions have an extremely bright future.

Good luck Randy!

[RandyKCMO]

Sounds good. I would have liked to hear news like this a few months earlier, not more of good.

I’m looking forward to the combined projected revenue from all these mines once production is begin!!

[White Coal]

-American Resources Corporation Begins Engineering and Planning for Restart of Company’s West Virginia Metallurgical Carbon Complex-

FISHERS, IN / ACCESSWIRE / October 19, 2021 / American Resources Corporation (NASDAQ: AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that it commenced engineering and planning for the restart of its wholly owned Wyoming County Coal mining complex, near the town on of Oceana, West Virginia. The complex is unique in that it is one of the last fully permitted complexes accessing premium, "mid vol" metallurgical carbon for steel production…

… American Resources Corporation intends to finance the planning, development and expansion of the complex from the operating cash flows of its current operations.

https://www.streetinsider.com/dr/news.php?id=19075435&gfv=1

[White Coal]

-American Resources engages contract mining company to operate Carnegie 2 to meet growing demand-

American Resources Corporation (NASDAQ:AREC) chairman and CEO Mark Jensen joined Proactive's Stephen Gunnion with news that the company has engaged a contract mining company to operate Carnegie 2, the second of a series of metallurgical coal mines in Pike County, Kentucky accessing high-quality carbon.

Jensen telling Proactive that the company plans to rapidly scale production to meeting the growing demands of the infrastructure market and its customer base in a market that is expected to tighten in the longer term.

https://www.proactiveinvestors.com/companies/news/963375/american-resources-engages-contract-mining-company-to-operate-carnegie-2-to-meet-growing-demand-963375.html

[RandyKCMO]

Thanks for sharing this White Coal!

[White Coal]

(AREC)-The Top 5 Penny Stocks to Buy Right Now-

It has been a few months since President Joe Biden announced a comprehensive $2 trillion infrastructure package to support the post-pandemic economy.

The plan includes roughly $2 trillion in spending over ten years and would raise corporate tax rates to 28%, up from 25%. The new funds generated will go towards funding public works projects like roads construction or airport renovations.

Naturally, the construction industry will benefit from the passage of this plan. So, it makes sense American Resources is generating a lot of interest. The Indiana-based company is a supplier of raw materials for the global infrastructure marketplace. The company’s primary focus has been on providing metallurgical carbon and PCI. Rapid expansion into other areas like transportation services for finished goods or temporary storage facilities during construction processes is considered a potential opportunity in the future.

Total revenue for the latest quarter was $393,210 compared to 226,836 during second-quarter 2020. In addition, it raised $30.1 million in the sale of 8.6 million shares to institutional investors through a registered direct offering. However, investors were decidedly miffed at the company’s overall loss, which was attributable to supply chain issues caused by the pandemic. Now that things are clearing up, though, the time is right to invest in this one and take advantage of the upside.

https://investorplace.com/2021/10/the-top-5-penny-stocks-to-buy-heading-into-the-holidays-arec-ship-ipdn-rycey-petz/

[White Coal]

Agreed! In @ 2.17

I think METC's contracts may be superior to AREC's tho.

Something big seems to be going on across the sector.
My Pics:

METC
REEMF
CCTC
AREC

Go baby GO!

[RandyKCMO]

Liked this release. In the end revenue is going to grow and sustain the stock price.

The following sentence gives a partial picture of the revenue we can expect in future months.

“In total, the Company expects to produce over 40,000 tons of carbon per month from its Carnegie complex which will be processed at its nearby McCoy Elkhorn facility and shipped into both the domestic and international markets.”

I’m not exactly sure how much revenue this is, but I’m thinking it has to be $4-5 Million a month. One other Metelurgical coal company I follow is Ramaco ticker symbol METC… and it’s trading at at 52 week highs. in the $14-$15 range.

If AREC is the lowest over head producer, it seems to me that eventually, we should be trading at a premium to METC.

We shall see.

[RandyKCMO]

Liked this release. In the end revenue is going to grow and sustain the stock price.

The following sentence gives a partial picture of the revenue we can expect in future months.

“In total, the Company expects to produce over 40,000 tons of carbon per month from its Carnegie complex which will be processed at its nearby McCoy Elkhorn facility and shipped into both the domestic and international markets.”

I’m not exactly sure how much revenue this is, but I’m thinking it has to be $4-5 Million a month. One other Metelurgical coal company I follow is Ramaco ticker symbol METC… and it’s trading at at 52 week highs. in the $14-$15 range.

If AREC is the lowest over head producer, it seems to me that eventually, we should be trading at a premium to METC.

We shall see.

[RandyKCMO]

Among a publicity piece a bit of good news:

“As the Company continues to scale its operation at PCR, it expects to grow its employee count to approximately 170 in total. Additionally, as the Company sets to restart its McCoy Elkhorn complex in Pike County, Kentucky, to meet the growing demand in the steel and infrastructure markets, it expects to add an additional 140 initial jobs to the “region and replicate its employee-driven, Holiday Dinner Support Program.

[RandyKCMO]

American Resources Corporation Expands Carbon Production with the Restart of its McCoy Elkhorn Complex and Secures Initial Sales Contracts
Friday, October 8, 2021 8:00 AM


Topic: Company Update
Company's Carnegie 1 mine restarts production in one of strongest metallurgical carbon markets since 2006/2007

Carnegie 1 mine produces a high volatile metallurgical carbon used in the steel making industry for infrastructure needs worldwide

Company currently evaluating multiple additional sales opportunities for 2022 and beyond

FISHERS, IN / ACCESSWIRE / October 8, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that it has restarted production of its McCoy Elkhorn processing and logistics complex as well as its Carnegie 1 mine. The Company's Carnegie 1 mine produces high-quality, metallurgical carbon from the Alma carbon seam and is used for steel making. Additionally, American Resources has signed sales commitments for this fourth quarter of 2021's production at its Carnegie 1 mine. The baseload committed sales for the fourth quarter from Carnegie 1 enables the Company to take advantage of the currently strong metallurgical carbon market while also evaluating multiple opportunities for 2022 contracts.

Kirk Taylor, Chief Financial Officer of American Resources Corporation commented, "We are proud of our teams' accomplishment of identifying high-value assets, repositioning them for a sustainable future and executing on the ramp up of these assets into opportune market environments. Our Carnegie 1 mine should be one of the lowest cost operations in the US met carbon industry and is set up with a great spread of newly refurbished equipment and fully rehabbed mining infrastructure. Our Carnegie 1 mine is just the start of what our McCoy Elkhorn complex will be able to accomplish over the coming years!"

The Carnegie 1 mine will be operated as a walking super section whereby utilizing two continuous miners operating on one section to eliminate inefficiencies and maximize production. The Company has recently acquired and rebuilt two continuous miners and three completely rebuilt wide body shuttle cars. The mine will operate on two production shifts and one maintenance shift per day.

Beyond its Carnegie 1 mine, American Resources will subsequently bring its Carnegie 2 mine online early in 2022 which accesses the same boundary of carbon to supplement production at the complex. The Company will thereafter bring its Carnegie Surface mine online to meet the demand of the strong global steel market. In total, the Company expects to produce over 40,000 tons of carbon per month from its Carnegie complex which will be processed at its nearby McCoy Elkhorn facility and shipped into both the domestic and international markets.

American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.

About American Resources Corporation

American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
[e-mail]

Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
[e-mail]

RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
[e-mail]

Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
[e-mail]

SOURCE: American Resources Corporation

American Resources Corporation

https://www.accesswire.com/667312/American-Resources-Corporation-Expands-Carbon-Production-with-the-Restart-of-its-McCoy-Elkhorn-Complex-and-Secures-Initial-Sales-Contracts

[RandyKCMO]

American Resources Corporation’s Perry County Resources Announces Its Thanksgiving Dinner Community Support Program
Thursday, October 7, 2021 8:30 AM

Management of American Resources and Perry County Resources are sponsoring local families with Thanksgiving dinners through partnerships with a local small business to help support them through the holidays

FISHERS, IN / ACCESSWIRE / October 7, 2021 / American Resources Corporation (NASDQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that its management team will sponsor 20 local families, near its Perry County Resources (PCR) complex in Hazard, Kentucky, with Thanksgiving dinners to enjoy with their family during the holiday season.

Mark Jensen, commented, "We love the holiday season but also understand it can be a stressful time for families that need a bit of a helping hand. Our employees are hard-working individuals that are proud to put food on the table for their families. We have a strong belief in community stewardship and want to give our employees this opportunity to take it a step further and support others in their community that they know could use a little bit of extra help during this coming Thanksgiving. Our solutions-based platform is based on creating a better, more efficient and sustainable way of producing natural resources while adapting and innovating to meet the needs of the evolving, modern infrastructure markets. We are proud of our investments we have made in our operations and rare earth element innovations to bring well-paying, sustainable jobs as well as new economic opportunities to the region. The town of Hazard has a bright future and it's an honor to involve our local workforce to give back and pay it forward into the local community and region. Furthermore, we couldn't be happier to support local businesses such as Big Blue Smokehouse, a top local BBQ restaurant to provide the meals for our recipients!"

The 20 families will be nominated by members of the 127 individuals that are currently employed at American Resources' Perry County complex. The nominations will take place over the next 30 days leading up to the holiday season and will allow the Company's workforce to nominate families that they believe need a little bit of extra joy. Recipients will be provided a full Thanksgiving meal from Big Blue Smokehouse that they will be able to pick up at their convenience.

To date, American Resources has created over 125 jobs at its Perry County Resources complex since reopening, following its restructuring efforts to make it the premier low-cost steel making carbon mine, and due to the global COVID-19 pandemic. As the Company continues to scale its operation at PCR, it expects to grow its employee count to approximately 170 in total. Additionally, as the Company sets to restart its McCoy Elkhorn complex in Pike County, Kentucky, to meet the growing demand in the steel and infrastructure markets, it expects to add an additional 140 initial jobs to the region and replicate its employee-driven, Holiday Dinner Support Program.

About American Resources Corporation

American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

https://www.accesswire.com/667140/American-Resources-Corporations-Perry-County-Resources-Announces-Its-Thanksgiving-Dinner-Community-Support-Program

[murocman]

If this clears the $2.45-2.50 level, it looks like $3 is the next line of resistance

Murocman

[crudeoil24]

American Resources Corporation Succeeds in Achieving Greater Than 99.5% Purity of Lithium, Cobalt and Nickel from Recycled Electric Vehicle Batteries
8:01 am ET October 4, 2021 (Accesswire) Print
Recycled critical elements were sourced from NMC batteries used in EV manufacturing

End-of-life lithium-ion battery marketplace expected to grow at 19% CAGR through 2030

FISHERS, IN / ACCESSWIRE / October 4, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that, in conjunction with its sponsored research partnership with Purdue University, it has successfully achieved a high purity of lithium, nickel and cobalt from recycled NMC batteries sourced from the manufacturing process of electric vehicles. The Company utilized its displacement chromatography technology to achieve the results from its exclusive licensed and patented technology.

Mark Jensen, CEO of American Resources Corporation commented, "Earlier this year we showcased our ability to produce a very high purity of the rare earth metal neodymium from recycled rare earth magnets and now with these results, we have showcased how we can effectively and economically isolate lithium, nickel and cobalt to be recycled for new battery production. Our technology is unique in that it utilizes a cost-effective solution for the final stage of recycling battery metals all the way to the end isolated metals. The solution is built through multiple stages in a closed loop system to recover the elements and any other high value metals. The costs are incurred to isolate the high value metal first than subsequently recover the lower value metals with minimal additional operating costs throughout the system."

With growing attention on the fragile supplies of the battery metals cobalt and lithium, the Company is primarily focused on the isolation and purification of both from recycled batteries and/or black mass produced by third parties, and will also isolate and purify nickel and manganese in the same process. Over 60% of the world's cobalt is produced out of the Democratic Republic of Congo ("DRC"). DRC has been a leading producer of cobalt for several years, however cobalt mining in the country has also been linked to human rights issues. There are an estimated 7 million metric tons of cobalt reserves in the world with over half based in the DRC. The current market price for cobalt per metric ton is over $50,000.

Lithium, given its historic price, has typically not been recovered in the recycling process of lithium-ion batteries. However, with the projected growth of electric vehicle manufacturing and larger-scale battery storage, the demand for lithium is expected to double over the next three years and increase tenfold over the next decade. Even though supply growth for lithium is expected to nearly triple by 2025 to approximately 1.5 million metric tons per annum, it is widely believed that demand will largely outweigh projected supply with global reserves estimated at only 80 million tons. Chromatography is unique in that it's an efficient continuous closed loop, column-based system that is able to operate at multiple stages and recover high value components, then subsequently isolate and recover the supplemental products with minimal increase in costs. The current market price for lithium carbonate per metric ton is approximately $25,000.

"The social and environmental benefits of our rare earth and critical element recycling segment of our business might be the most exciting component for our Company. Not only are we addressing domestic supply chain issues but we are also reducing the need for the mining of these new elements from environmentally and socially hazardous regions of the world. We believe a sustainable and circular economy will reduce costs of feedstocks for our future customer base while also protecting the environment in the process. We are very thankful for the efforts of our Purdue technology team on this project, Professor Linda Wang, Yi Ding and Gabriel Perez Schuster," continued Mr. Jensen. "What is unique about our rare earth and critical element division is that we focus on recycling end-of-life products. As the demand and utilization of electric vehicles and windmills, etc. continue to increase, so does our "mine life" or access to feedstocks. Essentially our reserve base increases year over year as the market continues to grow. It is our believe that bringing practical, real-life solutions to the table will bolster a more resilient domestic supply chain for these increasingly, critical raw materials and help secure our energy independence. Chromatography and our technology team is a game changer!"

Under its recently expanded sponsored research program with Purdue University, the Company is refining and further advancing its critical and rare earth element purification technology for various feedstocks which include recycled waste permanent magnets, waste lithium-ion batteries and coal waste, fly ash and byproducts using displacement separation and ligand assisted displacement chromatography. Additionally, the Company has previously announced site selection for its first rare earth and critical element recycling facility in Noblesville, IN which is being developed as a scalable commercial facility.

American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.

About American Resources Corporation

American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

PR Contact

Precision Public RelationsMatt [e-mail]

Investor Contact:

JTC Team, LLCJenene [e-mail]

RedChip Companies Inc.Todd McKnight1-800-RED-CHIP (733-2447)[e-mail]

Company Contact:

Mark LaVerghettaVice President of Corporate Finance and Communications317-855-9926 ext. [e-mail]

SOURCE: American Resources Corporation AREC

[maddog27]

Eventually it turns up, whether the trendline its currently close to holds? Normally a final piercing thru the trendline to break the bulls. It may play out like this:

[RandyKCMO]

Not an exciting release, but another link in the chain to what they’re hoping to become.

[RandyKCMO]

News American Resources Corporation Engages Industry Expert for Rare Earth Element Collection and Analysis
Friday, September 17, 2021 8:30 AM


Rodney Campbell brings industry leading expertise to assist with the Company's Capture process and technologies in analyzing controlled feedstocks of rare earth elements (REEs)

FISHERS, IN / ACCESSWIRE / September 17, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure marketplace, today announced it has engaged Rodney Campbell, President and founder of Advanced Minerals, Inc., to spearhead and assist with the collection and analysis of the Company's controlled, carbon-based REE feedstocks. Mr. Campbell will focus on refining and advancing the sampling, handling and analysis of REE feedstocks from the Company's acid mine drainage (AMD) and coal processing waste streams in conjunction with the American Resources' sponsored research partnership with Penn State University.

Mark Jensen, CEO of American Resources Corporation commented, "As we continue to execute on our American Rare Earth business plan and commercialization of our process chain, we are encouraged by the opportunities that we are seeing to create and foster a sustainable supply chain of rare earth and critical minerals using the most environmentally safe methods ever developed. Our "Capture" technology will allow us to use solution-based innovation to offset current costs by collecting the rare earth metals as we process carbon and treat existing coal waste streams. When combined with the balance of our process chain, "Process" and "Purify", we bring a practical and comprehensive approach in creating a sustainable, domestic supply chain of these increasingly important raw materials able to be made commercial when combine with "Byproduct Economics". The engagement of Rodney, with his industry leading expertise, will allow us to advance our Capture process more effectively."

Mr. Campbell brings over 40 years of mineral analysis experience including regional leadership roles at SGS and Mineral Labs, Inc. At SGS, he served as Vice President of Appalachia Operations as well as international sales in Australia and India. At Mineral Labs, Rodney oversaw laboratory quality, sales and marketing and provided research and development for sampling rare earth elements and other minerals. Mr. Campbell has known and worked with American Resources Corporation for several years in his prior roles, and recently started his own consulting firm, Advanced Minerals, Inc.

Mr. Campbell added, "This is a very exciting time to be assisting American Resources as they continue to drive innovation in their industry and meet the demands of the evolving infrastructure market. Their rare earth element division, American Rare Earth, is bringing real and viable solutions to address the supply chain and environmental challenges that we are facing. I very much look forward to collaborating with them to further execute on their goals."

American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.

About American Resources Corporation
American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
[e-mail]

Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
[e-mail]

Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
[e-mail]

SOURCE: American Resources Corporation



View source version on accesswire.com:
https://www.accesswire.com/664434/American-Resources-Corporation-Engages-Industry-Expert-for-Rare-Earth-Element-Collection-and-Analysis

[RandyKCMO]

Since this news came out, we've seen a decided increase in volume and the share price.

Two things that go well together.

Who knows... but I would not be surprised to see this trend continue.

[RandyKCMO]

NEWS!! American Resources Corporation Selected as a Member in U.S. Department of Energy Contract to Assess Critical and Rare Earth Elements in Coal Resource Feedstocks

* Department of Energy has awarded multifaceted award to consortium to identify rare earth elements (REEs) from carbon-based deposits

* Program is to support the establishment of a domestic supply chain for rare earth and critical elements to support the growth of the electrification market

FISHERS, IN / ACCESSWIRE / August 25, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure marketplace, announced today that the Company has been named to a U.S. Department of Energy (DOE) Federal Demonstration Partnership award for the sorting for critical mineral-rich coal resource feedstock in a support role. Under the agreement, American Resources will provide support to the DOE sponsored program lead by Microbeam Technologies Inc. (Microbeam) and Energy Technologies Inc. (ETI) to determine novel methods for predicting rare earth elements and critical minerals in different coal types utilizing prompt gamma neutron activation analysis (PGNAA) spectra technology.

Mark Jensen, CEO of American Resources Corporation commented, "We are pleased to join this effort in developing an innovative application in analyzing carbon-based feedstocks for their inherent critical and rare earth elements. We are extremely proud of the steps we have made in becoming an innovator, solutions provider, and leader in establishing an efficient, sustainable and environmentally-safe domestic supply chain for these increasingly important materials. As we continue the execution of our Capture - Process - Purify process chain, we are greatly encouraged by the collaborative opportunities we are seeing to participate in these exciting initiatives. We look forward to supporting both Microbeam and ETI with this innovative project and look forward to also broadening our partnerships to create real and safe solutions in how these materials are sourced and processed."

American Resources, to date, has acquired 16 patents and technologies specific to producing REEs and critical minerals from coal-based waste and byproducts as well as waste permanent magnets and lithium-ion batteries. The Company's "Capture - Process - Purify" process chain is focused on these specific feedstocks to create a highly sustainable and environmentally friendly supply source of these critical resources. The Company is committed to advancing its technology suite, which includes electrolysis processing and ligand-assisted chromatography purification, towards commercialization as efficiently and effectively as possible.

American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.

About American Resources Corporation
American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
[e-mail]

Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
[e-mail]

RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
[e-mail]

Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
[e-mail]

SOURCE: American Resources Corporation



View source version on accesswire.com:
https://www.accesswire.com/661231/American-Resources-Corporation-Selected-as-a-Member-in-US-Department-of-Energy-Contract-to-Assess-Critical-and-Rare-Earth-Elements-in-Coal-Resource-Feedstocks





https://www.otcmarkets.com/stock/AREC/news/story?e&id=1980578