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NEWS TODAY 2/1/2021 American Resources Corporation Acquires Additional Equipment to Expand Production
Strength of balance sheet has enabled the Company to be opportunistic in expanding its base of production equipment
Market fundamentals is giving Company comfort in considering expanding accretive production
FISHERS, IN / ACCESSWIRE / February 1, 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 that it has acquired additional production equipment to expand its base of carbon production and efficiencies at Perry County Resources as well as prepare for the potential opportunity to bring other complexes online in the future.
The worldwide market for metallurgical carbon is showing strength in terms of long-term fundamental demand as COVID-19 vaccines have begun to be administered. With this, the Company have seen economies begin to prepare and activate economic stimulus to pull their economies forward to a more modern-day economy, which requires a significant infrastructure spend. The Company had the opportunity to acquire this expansive fleet of equipment at a very attractive price, and what it believes to be a fraction of its marketable value given its ability to act quickly due to the strength of its balance sheet.
Thomas Sauve, President of American Resources said, "We have some of the highest quality, lowest cost and longest life assets in the country for producing metallurgical carbon. Our efforts to acquire, restructure and reposition our assets enables us to move swiftly to bring operations online when the market dictates. Given our cost structure and financial flexibility, we are excited to closely monitor the markets and utilize our advantages to expand our production base in the near future. This spread of equipment we have acquired, and the price we paid, showcases our extremely low capex model of accretive expansion of production. We look forward to the years ahead of us and putting this equipment to work."
American Resources Corporation, with its three divisions, American Carbon, American Rare Earth and American Metals is built to leverage the growth of infrastructure and electrification markets that are predicted to see significant expansion over the next decade. The current administration in United States has stated its intention to advance a green economy, which will require substantial infrastructure redevelopment and a significant spend on U.S. produced steel as well as growth in the electric vehicle fleet.
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
OLD NEWS 10/28/2022 American Resources Corporation Enters into New Non-Dilutive Credit Facilities for up to $10 Million
Credit facilities are backed by inventory and accounts receivables to provide added flexibility as it expands carbon production at its various complexes
Strength of balance sheet enables Company to access additional low-cost, non-dilutive forms of financing structures
FISHERS, IN / ACCESSWIRE / January 27, 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 that it has secured two new credit facilities that can be used to draw against inventories and accounts receivables. The credit facilities can be utilized at the Company's discretion to drive revenues at its Perry County Resources, McCoy Elkhorn and Wyoming County complexes and provide additional flexibility as it executes upon its growth objectives. With an initial ability to draw up to $10 million in expansion financing, both facilities have provisions that enables them to be increased as the Company expands its production and revenue base.
The credit facilities will enable American Resources to further expand its production from American Carbon, American Rare Earth and American Metals while still ensuring a strong liquidity position. The total cost of the facilities are forecasted to represent one of the lowest costs of capital achieved to date for the Company since formation over five years ago. For the inventory facility, the Company is able to draw 80% of the inventory value at a cost of 2% for up to each 120 days outstanding and is subject to standard terms and conditions of the agreements. For the accounts receivable facility, the Company is able to draw 90% of the accounts receivable value at an equivalent 8% APR per year and is subject to standard terms and conditions of the agreements.
Kirk Taylor, Chief Financial Officer of American Resources Corporation, commented, "Being in a position to enter into two traditional credit agreements in today's market environment is a testament to the strength of our Company's financial position and balance sheet. The attractiveness of these credit facilities is that they will result in no equity dilution to our shareholders, they are a low-cost form of capital, provide the Company with additional flexibility as it ramps its production growth, and only incurs interest when, and if, we draw against them at our option. Being able to secure these credit financing facilities opens up additional opportunities to expand our production base at a time when we are seeing the increased demand for our infrastructure related products and with steel prices on the rise. Adding this type of flexibility into our unique, innovative and low-cost operating model will allow us to maximize the return to our shareholders while also enabling us to further our mission of creating additional, sustainable and quality jobs in the communities in which we operate."
American Resources is constantly evaluating opportunities to minimize cost of capital as well as minimize shareholder dilution. These credit facilities supplement the Company's already strong capital position and will be utilized to expand revenue and cash flow throughout 2021. With these flexible credit facilities in-place, and given the Company's current balance sheet strength, the Company does not anticipate the need to access the equity markets to raise additional capital to execute on its current growth plan.
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
Nice work! It's only starting here... :)
Future supply chain deal with General Motors!?
Marketing or deal in-progress? We shall see...
This is a lot of permanent magnets, and ultimately rare earth elements. Also lithium for the batteries. We challenge @GM to ensure an environmentally safe supply chain. Happy to discuss a real solution for their needs. $AREC #impactofsuppplychain https://t.co/KW5ZbvKfNk
— American Resources Corporation (NASDAQ:AREC) (@Amerresources) January 29, 2021
Nice job sell half ride free shares..Good stock to trade o long at 2 short at 3
I'm up 180k weee
Covered today from 3.00 you know you can trade socks both ways..Its like a hockey player that cannot skate back wards..Look at the charts its easy..Up 124K since Jan 1st..Going long and short
Give me some of that R-G!
You must be joking or you truly are a taking on risk for no reason here. This company can explode at any moment. You are taking huge risk ever being short here. Either own it or go short GameStop. This will be 10$ stock by year end of not 15-20!
Told you it was a great short at 3
Weeeeee gonna banana boat load
Awesome hope it gets to 3.00 great short...Congrats to you longs
It's working out so far I covered half. Still have 25K left to cover.
Good luck
REE News/Update are coming!...the company keeps posting REE links on both of its twitter websites.
https://twitter.com/Amerresources
https://twitter.com/arareearthcorp
That’s a bad move my friend there’s no stopping this train now. Once rare earth metals gameplan is announced its game over for you my friend
Shorted at 2.61...
5x by next year 10x in 2 years. Unless rare earth yields well it could be 10 x in 12 months
Long-term is won't matter here...momentum is building in the REE/REO sector along with the PMs. This will run into April/May aligning with the uptrend in the S/T commodities cycle.
What makes you state this. Very random. At least give a reason to why you are stating this
Its Backkkkk lol
Yes, pressure was building on this one for a couple weeks now.
I'm staying long on this one...not flipping for easy money. They will most likely be 1 of 2 REE/O processing companies (other is MP) in the US.
Back in the finally let it go
The US Gov't is Funding Rare Earth Production/Processing!!!
https://www.reuters.com/article/us-usa-mining-congress/miners-praise-u-s-spending-bill-that-funds-rare-earths-programs-idUSKBN29424R
Better off holding long my friend...the US gov't is funding Rare Earth production/processing. It'll only escalate from here.
Company is a scam..Short it when it goes up
CEO stating that the rare earth segment will be providing the electrification of the EV segment making and recycling.
Demand for energy metals “will be massive” Glencore CEO says...
Demand for energy metals "will be massive" Glencore CEO says - The Northern Miner https://t.co/OyrVAcjIZr
— ReElement Technologies (@ReElementTech) December 27, 2020
Agreed, well put together. I’m in this long term. CEO knows what he’s doing and executing step by step. You will be wishing you got in at these levels in the near future. Glta
Glad I bought more MVIS instead of this pos
Chart fubar....Got out in 170s
Thanks for the insight. I am looking for short-term gains on a trade, not an investment so I like the details you provided. Again, thanks
Realizing that I've been a cheerleader for AREC for a long time... I wear some pretty rose colored glasses. I think there is significantly out higher ground ahead than $3 a share.
I would grant that there are some uncertainties with the political implications of a Biden administration and it's effect fossil fuels, but with AREC's recent branching out to recycling and Rare Earth Minerals, I think that risk is substantially mitigated.
Plus, I think there will be additional stimulus dollars used for the rebuilding of America's infrastructure. If that is the case metallurgical coal will certainly be in demand. With full production those numbers alone AREC will quickly surpass a hundred to two hundred million dollars in annual production (revenue).
If you add to that other revenue streams I think the sky is the limit.
So yes, if you're looking for shorter term profits think $3 will be tapped in relatively short order. With the initial announcement is the Rare Earth subsidiary we ran to $4.50... on that day I think the average purchase price the volume was like 30 million shares and average price paid per share was over $2.50.. which was also the level that round of financing was done at.
I see secondary financings like that as indications of what smart money expects the future stock price to be. In this instance smart money is not going for a 25% return on their investment but rather a 200% to 300%... which (if I'm correct) means their looking for $5-8... possible more.
I have my price target at $2.96. Do you mind me asking if that is in line other your view of significantly higher?
AREC is establishing higher bases as the weeks go by.
It's just my opinion, but I think this trend will continue. There are enough positive events ahead of us to propel us significantly higher.
Anything below $2 is dirty cheap... don’t miss this .. very good news and push is coming next week right before Xmas
Nooooice loaded this up
Flipping the switch to ON and then we go up up and away
Anyone see a catalyst coming to get us moving back up?
4hr chart looks good
MORE NEWS American Resources Corporation to Present at the H.C. Wainwright Mining Conference
Presentation by CEO Mark Jensen with live video webcast on Monday, November 30 at 12:00 PM ET
FISHERS, IN / ACCESSWIRE / November 24, 2020 / 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 Mark Jensen, Chairman and CEO of American Resources Corporation, will present at the H.C. Wainwright Mining Conference on Monday, November 30th at 12:00 PM ET.
In addition to the presentation, management will be available for one-on-one meeting with qualified members of the investment community who are registered to attend the conference. For more information, please visit the conference website here.
A live video webcast of the presentation will be available on the Investors section of the Company's website (americanresourcescorp.com). The video webcast replay will be made available two hours following the event and will be archived for 90 days.
About American Resources Corporation
American Resources Corporation is a supplier of high-quality raw materials to the rapidly
NEWS American Resources, wholly owned subsidiary, American Rare Earth LLC Enters into Joint Venture to Develop and Commercialize Critical Element and Graphene Technologies
*Joint venture partners with Gerardine Botte, Ph.D., Texas Tech University Professor and Department Chair to develop and commercialize technologies production from carbon-based deposits
**Dr. Botte is Professor and Whitacre Department Chair in Chemical Engineering at Texas Tech University and is a recognized visionary in Electrochemical Science
***Dr. Botte appointed to the American Resources Board of Directors and will advise and help to expand the Company's current suite of environmentally positive production methods of Rare Earth and Critical Element Division
FISHERS, IN / ACCESSWIRE / November 24, 2020 / 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 its subsidiary, American Rare Earth LLC, has entered into a joint venture with Gerardine Botte, Ph.D., a Texas Tech University Professor and the Whitacre Department Chair in Chemical Engineering to develop and commercialize technologies for critical elements and graphene production from carbon-based deposits under the newly established and jointly controlled limited liability company, Advanced Carbon Materials LLC ("ACM"). Additionally, the Company has appointment Gerardine (Gerri) Botte, Ph.D.to its Board of Directors as an Independent Director.
ACM is a newly formed company in partnership between the Company's wholly owned subsidiary, American Rare Earth LLC, and Dr. Botte, whereby ACM will focus on developing new technologies for both critical elements (rare earth elements) and graphene production to bring domestic production to the electrification marketplace, including the needs of the Department of Energy, Department of Defense and electric vehicle production. Dr. Botte's extensive work in advanced water treatment ACM will look to license existing technologies in both segments as well as develop new technologies in partnership with Dr. Botte. American Rare Earth LLC will own a 49% equity interest and 95% revenue interest in the new LLC.
Mark Jensen, Chairman and CEO of American Resources Corporation commented, "We couldn't be more excited to welcome Gerri as a member to our Board of Directors. Gerri brings a wealth of knowledge and experience to our Company that will undoubtedly help steer American Resources and its more forward-thinking initiatives. Gerri will be instrumental in working with all of our technology partners in directing our Critical Element and Rare Earth division on a path of innovation and growth as well as assessing prospective opportunities in graphene and battery production. Gerri's extensive work in advanced water treatment will be integral in our environmentally beneficial, hydro-based, rare earth collection as well as ensuring that our critical element processing methods discharge water in the most environmentally sensitive way. Her energy, spirit and knowledge fit extremely well with the goals of our team and the direction of our Company."
Dr. Botte has over 21 years of experience in the development of electrochemical processes and advanced water treatment. She has served in leadership roles for the Electrochemical Society and is currently the Chair of the Electrochemical Process Engineering and Technology Division of the International Society of Electrochemistry. Dr. Botte also serves as the Editor in Chief of the Journal of Applied Electrochemistry. In 2014, she was named a Fellow of the Electrochemical Society for her contributions and innovation in electrochemical processes and engineering. She became a Chapter Fellow of the National Academy of Inventors in 2012. In 2010, she was named a Fellow of the World Technology Network for her contributions on the development of sustainable and environmental technologies. Prior to Texas Tech, Dr. Botte was University Distinguished Professor and Russ Professor of Chemical and Biomolecular Engineering at Ohio University, the founder and Director of Ohio University's Center for Electrochemical Engineering Research, and the founder and Director of the Consortium for Electrochemical Processes and Technology - an Industry University Cooperative Research Center. Her entrepreneurial spirit has led to the commercialization of various technologies and has founded and co-founded various companies to help achieve this goal.
Dr. Botte added, "I am pleased to join the board of directors of American Resources. The Company's innovative management team with its willingness to think outside the box, is leading the industry forward on a path of prosperity, while ensuring it stays focused on safety and efficiency. It's a very exciting time in the Company's history and I am confident we can effectively drive both its organic growth and innovation in commercializing its American Rare Earth initiatives."
In addition to the work being conducted in conjunction with Dr. Botte, Advanced Carbon Materials LLC will work to secure other patents, technologies, and licenses in the fields of extraction, processing, and commercialization of critical elements, rare earth elements, and graphene production with other research institutions as the company progresses to become a leader in the critical element production space.
American Resources Corporation is focused on running a streamlined and efficient operation to economically deliver raw materials products to meet its customers' demands. 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 while being able to scale its operations to meet the growth of the markets it serves.
For more information on Dr. Gerardine Botte visit: https://www.depts.ttu.edu/provost/facultybios/19-20/Gerardine-Botte.php
About American Resources Corporation
American Resources Corporation is a supplier of high-quality raw materials to the rapidly growing global infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking. 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 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 market 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.otcmarkets.com/stock/AREC/news/story?e&id=1751005
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