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(AREC)-The Top 5 Penny Stocks to Buy Right Now-
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!
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.
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.
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.
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
matt@precisionpr.co
Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com
RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
Info@redchip.com
Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com
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
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
If this clears the $2.45-2.50 level, it looks like $3 is the next line of resistance
Murocman
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 Sheldon917-280-7329matt@precisionpr.co
Investor Contact:
JTC Team, LLCJenene Thomas833-475-8247arec@jtcir.com
RedChip Companies Inc.Todd McKnight1-800-RED-CHIP (733-2447)Info@redchip.com
Company Contact:
Mark LaVerghettaVice President of Corporate Finance and Communications317-855-9926 ext. 0investor@americanresourcescorp.com
SOURCE: American Resources Corporation AREC
Not an exciting release, but another link in the chain to what they’re hoping to become.
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
matt@precisionpr.co
Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com
Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com
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
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.
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
matt@precisionpr.co
Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com
RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
Info@redchip.com
Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com
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
NEWS 8/18/21 American Resources Corporation Finalizes Site Selection for Chromatography Rare Earth Element Isolation and Purification Facility
*The operation will be one of the first and only commercial scale facility able to purify and isolate rare earth elements in the United States
*Company's chromatography process utilizes the most environmentally-safe purification method and eliminates the need to rely on China for the final steps in the rare earth element refining process
*Facility will be designed with multiple production lines to process various feedstocks from its "Capture. Process. Purify." technology chain
FISHERS, IN / ACCESSWIRE / August 18, 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 finalized its site selection to build its first commercial scale rare earth element purification and isolation facility in the United States. The secured site provides 6.9 acres of developable land with the goal of scaling into an 80,000 square foot facility for purifying and isolating rare earth and critical elements utilizing ligand assisted displacement ("LAD") chromatography technology. The site is based in Noblesville, IN in an existing industrial area that provides access to commercial water and power, and well located for convenient logistics.
Mark Jensen, Chairman and CEO of American Resources Corporation commented, "We have set a goal to be one of the first to produce an isolated and purified rare earth element in the United States on a commercial scale and have now secured a site that is well suited to scale our facility to commercial production. With this facility we are confident that we will be able to accomplish our goals. Our feedstocks are abundantly available and cost effective in the domestic market with approximately $3 billion worth of rare earth elements going to landfills from end-of-life products every year, and over 1 billion tons of fly ash landfilled, which is made attractive given our processes' ability to utilize favorable biproduct economics. This is an exciting moment for our team as we can now finalize the designs and begin ordering components for the build phase of this project."
The Company's REE purification facility will leverage LAD chromatography through its previously announced, exclusively license in concert with Hasler Ventures and partnership with Purdue University. Its technology is being designed to handle a multitude of feedstocks, including recycled permanent magnets, lithium-ion batteries, as well as various coal-based waste and byproducts such as fly ash, and is a significantly environmentally safer purification process compared to conventional solvent-based extraction methods.
The facility represents the final stage of American Resources Corporation's REE process chain, defined as "Capture. Process. Purify.", enabling the Company to commercially produce rare earth oxides, lithium, and cobalt from domestic sources. The facility will allow American Resources Corporation to be a first mover to purify and isolate the elements for sale directly to manufacturers of green technology components such as permanent magnets and batteries in the United States.
https://www.otcmarkets.com/stock/AREC/news/story?e&id=1975303
If you go back to the financials of 2019 and 2020, I forget which, but the company was paying for incurred expenses with shares. Generally, venders that took shares for services of products, are mostly looking to exchange shares for cash regardless of the current price.
I don't think this can account for everything, but when I first came into AREC's universe (2018) there were something like 110,000 shares in the public float. Since that time a number of financings were done, I believe almost all were at higher levels than we're currently trading.
We shall see.
AREC has plenty of cash so the seller
has to be someone the company
paid in shares that is broke,,,
still ugly to watch...
so we watch...LJ
par le vu? bear twits...AREC is worked
over pretty hard on stocttwits
site by helping angels...
A company getting roughly 100%
increase in revenues versus past
year isn't headed in wrong direction...
Acceleration speed of revenue increase
isn't easy to gauge early either...
AREC looks way over sold...
so we watch...LJ
I'm not sure how SPACs work or their dividends structure works. Sorry.
The push downward has been pretty relentless. On some of the run days... the float traded multiple times... and even the outstanding shares traded hands at three and four times our current levels.
The current (downward) trend seems to be feeding itself with new sellers all the way down.
Not sure if you've looked at a comparable company Ramaco Resources (Ticker: METC ). They're a producing met coal company and with more outstanding shares and are trading between $7 and $8 per share... actually just checked $8.08.
I'm pretty sure AREC is more streamlined and thus should be able to produce met coal at lower prices and thus higher margins.
As you're apt to say..
so we watch.
What price does the Spac Dividend become
more than the AREC share price
that keeps dropping?...
so we watch...LJ
That is what Etrade has been showing
for awhile on a forecast date...
Seems silly to go to a conference
before doing the earning's release...
Or a good way to dodge questions...
AREC has to put out an 8k filing
before conference date to update
all investors before giving any
new info out at the conference on
recent quarterly performance...
https://finance.yahoo.com/quote/AREC/?p=AREC
so we watch...LJ
Well the mystery of when AREC will announce their earnings is solved.
AREC has scheduled its earnings release for August 11, 2021 at the Market close 4:00 PM EDT.
Recycling magnets for rare earth materials
seems pretty common sense...
Auto recycling gets a strong
revenue input in the area of
removing catalytic converters
from junk autos,,,
And then there is a demand line
that recycles the valuable items
from the catalytic converters...
Seems along same game plan...
https://twitter.com/markcjensen/status/1411672922876416002/photo/1
Adding to fleet sounds good...
https://twitter.com/markcjensen/status/1417867460582248449/photo/1
Might get a heads up on the
link on Q release date...
https://twitter.com/markcjensen
so we watch...LJ
Hey Little John,
Last year they reported 2nd Quarter on 7/23/2020.
My understanding is that they have until mid-August to file (45 days from end of quarter).
China needs more thermal coal...
https://oilprice.com/Latest-Energy-News/World-News/China-Faces-Outages-Amid-Soaring-Power-Demand.html
Do you know when AREC may
report 2nd quarter results?...
so we watch...LJ
Looks like Good information to me. Thanks.
It’d be nice to hear some updates about production rates or estimates!!
AREC 2.27, found some met coal pricing
while out bird watching...
https://twitter.com/respeculator/status/1414867033158680579
it is unverified 3rd party...
so we watch...LJ
AREC, 2.44, video review link from 05/21/21...
Do you know the average production per
week that Perry County mining
should produce?...
so we watch...LJ
Informative article and good read. The highest quality steel pretty much requires high quality metallurgical coal.
AREC, can the world produce steel without coal?...
https://www.letstalkaboutcoal.co.nz/future-of-coal/making-steel-without-coal/
not today or tomorrow...
so we watch...LJ
Seems like you need a subscription to get
current met coal prices...
Here is an article link
with some April figures...
https://www.argusmedia.com/en/news/2209489-atlantic-coking-coal-prices-rise-again
Trying to learn this stuff
quickly and on the fly...
Australia and China are surely
not on best buds status again
along with some more Australia
covid restrictions for now...
AREC needs to prove out as a
coal producer first to me...
Then it becomes more believable
if they start harvesting remnant
coal filings and dust for practically
nothing to make graphene from...
The ESG genius status for a coal
producer might get anointed then...
so we watch...LJ
Agreed. Build up to the next quarterly release should be interesting.
AREC should focus on bird in hand
and not pie in sky now...
https://www.spglobal.com/platts/en/market-insights/latest-news/coal/062421-seaborne-cfr-china-met-coal-prices-hit-10-year-high
Hopefully they are doing that
and smarter than flip sellers...
so we watch...LJ
AREC has a focused coal division...
metallurgical mining and sale...
03/29/2021,,,mining restart date...
https://www.otcmarkets.com/filing/html?id=14947419&guid=ZRXkkKVCOZpmgyh
American Carbon currently has seven coal mining and processing operating subsidiaries: McCoy Elkhorn Coal LLC (doing business as McCoy Elkhorn Coal Company) (McCoy Elkhorn), Knott County Coal LLC (Knott County Coal), Deane Mining, LLC (Deane Mining) and Wyoming County Coal LLC (Wyoming County), Quest Processing LLC (Quest Processing), Perry County Resources (Perry County) located in eastern Kentucky and western West Virginia within the Central Appalachian coal basin, and ERC Mining Indiana Corporation (ERC) located in southwest Indiana within the Illinois coal basin. The coal deposits under control by the Company are generally comprise of metallurgical coal (used for steel making), pulverized coal injections (used in the steel making process) and high-BTU, low sulfur, low moisture bituminous coal used for a variety of uses within several industries, including industrial customers and specialty products. Since mid-2019, we have not mined or sold coal which is sold into the thermal coal markets. All production and future investment will be for the mining of metallurgical coal used in the steel and specialty markets.
20
so we watch...LJ
There’s basically two kinds of Coors thermal cold she’s used to run electrical generation and stuff like that usually a fourth of the price of metallurgical pole which is used to smelt iron and purifying and so forth. I would guess that if there is a rally in metallurgical call it could go to three and four and $500 per metric ton.
AREC should have the coal price on
their website of the product
type they sell...
They are a coal company and
a wantabe on other pursuits
until proven otherwise...
Why hide behind a coal rally
cloud now?...
so we watch...LJ
It is coal and not virtual coal is
all I know...
And that coal price shown
last peaked below $78/ton
in late 2018 into 2019...
so we watch...LJ
Great info. Was that metallurgical coal?
AREC 2.56 , COAL $121. +5.60...
https://markets.businessinsider.com/commodities/coal-price
so we watch...LJ
I was thinking the first quarter was going to be higher than it was was…
The company provided guidance as follows for the current year:
“We are seeing numerous opportunities to expand our production base to fulfill that demand and are confident in our position in being a stable, long-term supplier of these essential resources. As such, we remain comfortable with our previously stated guidance of $55 million to $75 million in revenues for 2021 as a whole," continued Mr. Jensen.”
Since the first quarter was basically nil, that means the remaining quarters need to average $18-$25 million per quarter.
The same quarterly report indicated the company signed a base load agreement on the railroad transportation and was initiating production of metallurgical carbon.
SO… my WAG is $16 Million in revenue for the second quarter.
AREC 2.77, any wags on 2nd quarter revenue?
Cash position should have soared...
https://www.otcmarkets.com/stock/AREC/profile
need growing revenue and
profit to maintain healthy
cash position though...
so we watch...LJ
I’m more of a story guy than a charter. Each of the waves correspond to new business developments. AREC’s meat and potatoes is metallurgical coal. In fact the company has projected $100 million in revenue for 2021.
The kicker for AREC is the recycling and rare earth minerals. I’m more sure how much revenue they will generate, but the market responded quite favorably to the news.
ELLIOTT WAVE counts...Wave 3 was the immediate top wave 4 consolidation now
So I havent taken a position on AREC yet, and I am looking at the chart and wondering what made it spike up and why the drop? Seems like steel prices are going up as well.
Are you in KC?
Agreed. My guess is that the catalyst will be the report for the first quarter results.
AREC has become multi-dimensional but their meat and potatoes is still pretty much metalurgical coal. I don't have the exact date, but they reported reactivating production at least one of their mines early in the first quarter.
Loaded nicely the last few weeks.
Upside is usually quite sudden.
GL
Closed strong yesterday. It will be interesting to see if strength contributes this AM.
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