Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
And my #'s were apparently a bit conservative..
Good luck!
Starting to think more news is just around the corner
Agreed… my numbers were pretty much just relying on the met coal production.
I’ve heard the recycling margins are very healthy. By the time that’s factored in I think your numbers will be low.
Thanks for sharing! It's nice to see this mid-way through the 1/4
Our PPS will likely remain stuck in the 2.30's - 2.60's until we see Q3 numbers. Then it's my guess we'll push into the 3's
3's to 5's 2023 IMO
The company continues to receive financing non-dilutive financing which should enable them to ramp up their mine development and production.
From my perspective it looks like the next few quarters will be spectacular.
I think I remember seeing a forecast that 2022 revenues were going to approach $200,000,000.
For that to happen their the next two quarters will have to be stellar.
If they are able to hit that target their run rate will have projections $4-500,000,000 for 2023.
Absolutely incredible.
NEWS American Resources Corporation Expands Non-Dilutive, Growth-Driven Credit Facility for Its American Carbon Division
* $15 million credit facility provides access to non-dilutive, growth capital to further expand revenues and cashflow
* Provides company operational and strategic flexibility to expand production and maximize margins that can be drawn upon at the discretion of management
FISHERS, IN / ACCESSWIRE / August 22, 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, along with its wholly-owned subsidiary American Carbon LLC, has expanded a non-dilutive, traditional asset backed credit line of $15 million that can be drawn against for growth initiatives.
Kirk Taylor, Chief Financial Officer of American Resources Corporation commented, "We are excited to be able expand this non-dilutive capital source that can be drawn upon for additional growth initiatives at our American Carbon division. It is important for our business lines to be set up to run independently as we embark on our growth-driven initiatives at both American Carbon and ReElement Technologies, and these financing structures enable us to do this while also being opportunistic on our growth opportunities. Having this flexible capital in place also enables American Resources, as a whole, to opportunistically enact certain valuation creation initiatives that our specialty committee evaluates."
The expanded credit facility, with the Company's existing lender Maxus Capital Group, is a traditional equipment loan secured by certain equipment of the Company American Carbon division. The equipment loan allows the Company to draw up to $15 million and carries a 36-month term. Based on a full lease facility advance, it is anticipated the equipment loan will bear an effective initial interest rate of approximately 14.48% over the term of the loan. Furthermore, with separate financing facilities at both the ReElement Technologies and American Carbon subsidiaries, American Resources has further financial flexibility to execute on select value creation initiatives that the Company's recently announced special committee believes are beneficial.
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/712976/American-Resources-Corporation-Expands-Non-Dilutive-Growth-Driven-Credit-Facility-for-Its-American-Carbon-Division
6:43a ET 8/17/2022 - Benzinga
HC Wainwright & Co. Maintains Buy on American Res, Raises Price Target to $4.5
Mentioned: AREC
HC Wainwright & Co. analyst Heiko Ihle maintains American Res (NASDAQ:AREC) with a Buy and raises the price target from $4.25 to $4.5.
Nov 2021HC Wainwright & Co.MaintainsBuy Aug 2021HC Wainwright & Co.MaintainsBuy May 2021HC Wainwright & Co.
Maintains Buy
View More Analyst Ratings for AREC
View the Latest Analyst Ratings
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
-American Resources Corporation Applauds the Inflation Reduction Act's Support for Domestic Critical Mineral Production-
American Resources Corporation Reports Second Quarter 2022 Financial Results and Provides Business Outlook
Record quarterly revenues of $16.2 million represents the best in Company's history with significant expansion opportunities over the balance of the year
Company boasts 78% quarter-over-quarter revenue growth; adjusted EBITDA for the 2Q 2022 of $11.5 million
The first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets
On track to commercially produce separated and high-purity battery elements from recycled lithium-based batteries in 4Q 2022
Company's patented chromatographic separation and purification process defining itself as the only complete recycling solution for all the critical and REEs in the EV powertrain
Company's carbon platform well positioned to capitalize on continued market strength and opportunities over the next several years
Record quarterly revenues of $16.2 million represents the best in Company's history with significant expansion opportunities over the balance of the year
Company boasts 78% quarter-over-quarter revenue growth; adjusted EBITDA for the 2Q 2022 of $11.5 million
The first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets
On track to commercially produce separated and high-purity battery elements from recycled lithium-based batteries in 4Q 2022
Company's patented chromatographic separation and purification process defining itself as the only complete recycling solution for all the critical and REEs in the EV powertrain
Company's carbon platform well positioned to capitalize on continued market strength and opportunities over the next several years
Company to host update conference call today at 4:30 PM ET
FISHERS, IN / ACCESSWIRE / August 15, 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 financial results for the second quarter of 2022 and provided a corporate update. The Company will host a conference call and webcast, today, August 15, 2022, at 4:30 PM ET (details below).
Mark Jensen, Chairman and CEO of American Resources Corporation commented, "The second quarter of 2022 continued to showcase the steady progression of our carbon business resulting in 78% quarter-over-quarter revenue growth. Today, we continue to see the fruits of our investments and have our carbon platform in position to drive continued carbon production growth forward. We continue to see constrained supply throughout the industry and as a result, we find ourselves as one of the few sources of needed supply growth. Additionally, our newly rebranded ReElement Technologies ("ReElement") division recently achieved a major milestone of being the first domestic, commercial producer of isolated and high-purity rare-earth elements. While we are confident in our team, process and technology, our results from our first commercial runs exceeded our expectations by achieving greater than 99.5% pure neodymium, dysprosium and praseodymium. We fully believe our chromatography technology will reset the standard of how critical and rare earth elements are separated and purified around the world as well as providing the most efficient recycling solution for these critical raw materials. This is not only a huge accomplishment for our Company, but for our country and domestic supply chain as well. American Carbon and ReElement's unique positioning are a clear differentiator for our Company and we believe also provides a unique investment opportunity for our shareholders."
Second Quarter 2022 Key Highlights
ReElement Technologies
Secured the exclusive worldwide rights for a new provisional patent filed by the Company's technology and research partner, Purdue University, for the isolation and purification of battery-grade materials using multi-mode chromatography for all feedstocks
Joined the global Rare Earth Industry Association (REIA), an international non-profit organization representing the global rare earth element (REE) industry.
Rebranded American Rare Earth division as ReElement Technologies to better reflect its mandate of producing and supplying high-purity magnet and battery grade rare earth and critical elements to the domestic supply chain while also focusing on the sustainability of these raw materials.
American Carbon
Entered into a multi-year lease of its Deane Mining complex to a high quality, local, third-party operator named Bluegrass Resources which allows the Company to continue to capitalize on the current strong carbon environment by monetize noncore assets, help keep the community working and brings additional value to its shareholders.
Signed a carbon offtake agreement along with a non-dilutive financial commitment of $2.5 million with a long-standing customer and premier supplier of metallurgical carbon to the global steel and alloy metal marketplace, Integrity Coal Sales ("Integrity"), to start its Carnegie 2 mine.
Expanded its sales commitments for a portion of its specialty carbon stoker products by approximately 15,000 tons at a record average price realization in the mid $200 per ton.
Corporate
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.
Announced that the special purpose acquisition vehicle the Company has sponsored, American Acquisition Opportunity Inc. (AMAO), successfully entered into a definitive agreement that will result in Royalty Management Corporation becoming a publicly listed company.
https://www.accesswire.com/712177/American-Resources-Corporation-Reports-Second-Quarter-2022-Financial-Results-and-Provides-Business-Outlook
Total Revenue
Q2’22
$16,199,204
Q2 ‘21
393,210
Six months ‘22
$25,279,828
Six months ‘21
$403,857
Net loss per common share - basic and diluted
$ Q2 ‘22
(.04)
$ Q2 ‘21
(.13)
$ Sixth months’22
(.08)
$Six months ‘21
(.26
)
Lots of moving parts still to come on line. Additional mines at the beginning of their useful life!
Railroad loading facility… potential Annual processing of 1 1/2 to 2 million tons of met-coal. We’re talking about 100’s of millions in annual revenue.
Crazy big numbers. And this is from just one of the mine complexes that is currently active.
NEWS! American Resources Corporation Commences Planning and Development on Next Two Metallurgical Carbon Mines
Mines have a low-cost of development and are capable of producing up to 45,000 tons per month
Company's McCoy Elkhorn complex has substantial embedded organic growth with its hub and spoke model, existing permits, 2 onsite carbon processing facilities and rail load out facility
FISHERS, IN / ACCESSWIRE / August 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 post the success of staffing and starting its Carnegie 2 mine, it has commenced planning and development on its next two carbon mines in Pike County, KY to supply its McCoy Elkhorn complex with additional low cost high quality metallurgical carbon for the global steel industry.
Tarlis Thompson, COO of American Resources commented, "Over the last 7 years we have acquired, restructured and repositioned our extensive asset base enabling our carbon platform to deliver substantial organic growth that require low capital investment. With over 40 existing mining permits, five processing and logistics hubs, substantial remaining mine life and a high margin profile, our platform is a unique source of growth within our industry. Our team has dedicated substantial time and energy over the years to fully restructuring and repositioning these complexes to substantially streamline the facilities, their operations and our corporate overhead to enable a low cost structure and sustainable jobs for the community. Today these assets are in a position to unlock the value and take advantage of the strong global demand for carbon over the next few decades. Having these assets in place positions our platform as one of the few that can organically expand production to feed the demand especially while older mines in our region are coming to end of life."
McCoy Elkhorn Complex was formerly a complex owned and ran by James River Coal as one of their premier facilities. The complex is one of the last high-quality, long-life mining facilities in the market and in the region. The hub and spoke facility is centered around two state of the art processing plants (800 tph and 500 tph) and a 110 car unit train rail load out facility and two fully approved and permitted impoundments that can process north of 6 million tons of carbon per year. Post the start of the next two mines, the Company will begin the planning of the next phase of organic growth from the McCoy Elkhorn complex. Internally, the Company is focused on organically expanding production to 1.5 million to 2 million tons per year.
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.
Trading well. Flippers who thought lower after the gap from 1.60 can't be happy. See how earnings come out next week.
I’m not sure this is the best way to say it, but yesterday’s release acknowledges the use of funds entering AREC’s cashflow without using EBIDA generated funds.
AS I see it this should substantially grow AREC’s revinue growth and bottom line.
Read these opening paragraphs again!
“Use of proceeds will fund the expansion and technological improvements to the existing WCC processing facility as well as the new construction of the rare earth and critical element processing
“Creation of domestically sourced rare earth and critical elements for the electrification economy will meet the stated goals of current U.S. administration”
The numbers mentioned later in the press release are almost scary good:
“The Company's focus will initially be to bring the two new underground mines into production via a "walking super section" mine plan which will produce an estimated 55,000 tons of carbon per month, with further expansion potential as the mines are developed. American Resources will also look to upgrade and expand WCC's carbon processing plant's capacity, from its current 350 tons per hour rate, to approximately 700 ton per hour, while also incorporating the Company's innovative "capture" and "process" technology which will enable the facility to capture and process critical and rare earth elements from new carbon production and carbon-based waste sources to produce rare earth and critical element concentrates. The REE and CE concentrates produced will be transported to the Company's Indiana facility for further purification and isolation.
Let’s see 55k times approximately $200 a ton… would be $11 Million generated monthly income from just this mine complex.
When upgraded it will generate twice that amount… which comes out to an annual run rate of over $260 Million… again from just this mine complex.
AREC’s future seems to be getting pretty real!!
More Good News…. American Resources Corporation Receives Commitment of $4,900,000 in Federal Credits and Provides Update on West Virginia Tax Exempt Bond for Advanced Carbon, Rare Earth and Critical Element Processing
Federal commitment comes in the form of $4,900,000 in Federal New Markets Tax Credits (NMTC) for Wyoming County, West Virginia mining complex (WCC)
NMTC allocation will be combined with the previously announced $45 million Tax-Exempt Industrial Development Bonds from West Virginia
Use of proceeds will fund the expansion and technological improvements to the existing WCC processing facility as well as the new construction of the rare earth and critical element processing
Creation of domestically sourced rare earth and critical elements for the electrification economy will meet the stated goals of current U.S. administration
FISHERS, IN / ACCESSWIRE / August 9, 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 in addition to its previously announced preliminarily approval for the issuance of, and a volume cap allocation for $45,000,000 of private activity, Solid Waste Disposal Facility Revenue Bonds, the Company has received an allocation commitment totaling $4,900,000 of federal New Markets Tax Credits for the Company's Wyoming County Coal complex located near the town of Oceana, West Virginia.
Kirk Taylor, Chief Financial Officer of American Resources Corporation commented, "We are excited to see the continued support of our innovative business model by both the federal and state governments. By securing additional patient and non-dilutive capital, we can focus on bringing new-age growth to the state of West Virginia that matches the needs of our modern and transitioning electrified economy. The integration of rare earth and critical element processing with premium carbon extraction is a first for the industry and enables us to showcase our full suite of patented technologies to better leverage the region's broader resource base. Our innovative approach allows us to produce both premium, mid vol carbon for steel and alloy metal production while capturing and processing critical and rare earth concentrates resulting in a more environmentally-safe refuse. We believe our WCC complex will help usher in the next generation of natural resource capabilities to the region, its workforce and communities while also helping fuel our domestic demand for rare earth and critical elements."
Created in 2000 the New Markets Tax Credit Program is administered by the US Department of Treasury through the Community Development Financial Institutions Fund. The program has supported over 1,254 allocations in its 16-year history and allows for patient and adaptive capital to flow to underserved communities. It is expected that the net benefit to WCC will be $1,500,000 with a closing concurrent to or after the closing of the Tax-Exempt Industrial Development Bonds.
On December 16, 2021, the West Virginia Economic Development Authority approved a resolution preliminarily approving the issuance of up to $45,000,000 of Tax-Exempt Solid Waste Disposal Facility Revenue Bonds, Series 2022 on behalf of the Company's wholly-owned subsidiary, Wyoming County Coal LLC. The Company is progressing on the issuance of such bonds with its recently transferred underwriter Hilltop Securities. The Company expects the $45 million Tax-Exempt Industrial Development Bonds from West Virginia and the NTMC to close within the next 90 days.
The WCC complex is strategically located within one of the last substantial mid-volatile metallurgical carbon deposits and, with direct access to the Norfolk Southern Railway, provides favorable transportation logistics to the United States' east coast ports. Additionally, WCC is surrounded by a number of high-value metallurgical carbon reserves and remining sites that would otherwise be considered "stranded" without access to the WCC processing and logistics complex. The Company's focus will initially be to bring the two new underground mines into production via a "walking super section" mine plan which will produce an estimated 55,000 tons of carbon per month, with further expansion potential as the mines are developed. American Resources will also look to upgrade and expand WCC's carbon processing plant's capacity, from its current 350 tons per hour rate, to approximately 700 ton per hour, while also incorporating the Company's innovative "capture" and "process" technology which will enable the facility to capture and process critical and rare earth elements from new carbon production and carbon-based waste sources to produce rare earth and critical element concentrates. The REE and CE concentrates produced will be transported to the Company's Indiana facility for further purification and isolation.
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/711370/American-Resources-Corporation-Receives-Commitment-of-4900000-in-Federal-Credits-and-Provides-Update-on-West-Virginia-Tax-Exempt-Bond-for-Advanced-Carbon-Rare-Earth-and-Critical-Element-Processing
Seems the market is looking forward to AREC’s next quarterly release!!
High of $2.55…. So far.
I also agree that there’s good indication that we’re in a major revenue growth phase.
With met-coal priced over $250 per ton it shouldn’t take long to reach profitability.
Agreed.
I’m thinking that’s probably venture capital “shareholders” being referred to.
HUGE! Way more exciting than allowing a shareholder to internally operate.
I'm still wrapping my head around that one..
Either way, I think we'll cap around $200MM and await EOY #'s
POSITIVE PRs continue…
American Resources Corporation's ReElement Technologies Achieves Greater Than 99.5% Pure Isolated Rare Earth Elements at Commercial Scale Separation and Purification Facility
First commercial scale success in the United States for rare earth and battery element separation and purification
Company's first commercial facility is 1000x larger than previous bench scale facility with significant opportunity for low cost expansion
Facility utilizes proprietary and patented chromatographic separation and purification process; the most efficient and environmentally safe method ever developed
FISHERS, IN / ACCESSWIRE / August 1, 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 its majority-owned ReElement Technologies division has achieved groundbreaking success in producing greater than 99.5% pure isolated dysprosium (Dy), neodymium (Nd) and praseodymium (Pr) / neodymium (Nd) rare earth elements from its first commercial scale rare earth and battery element isolation and purification facility located in Noblesville, IN. The success of achieving ultra-high purity levels of these REEs comes from the facility's first commercial run through its state-of-the-art LAD displacement chromatography production train.
Mark Jensen, CEO of American Resources Corporation commented, "We have stated from day one that not only would we be first in the U.S. to commercially produce separated and ultra-high purity rare earth elements, but we would also do so in an economically-viable process utilizing unprecedented environmentally-safe methods. We are thrilled today that we can share our results with the world from our first commercial production through our first-of-its-kind chromatography facility. Our initial production we believe showcases that chromatography, in the isolation and purification of rare earth and critical elements, when used at commercial scale actually produces better results than when in the lab. Today we can say we have significantly exceeded our initial anticipated results in producing isolated and greater than 99.5% pure rare earth elements. Furthermore, by using end-of-life magnets as our initial feedstock to recycle for their constituent elements, we are also addressing our sustainability needs and bringing the circular economy for these elements online. Today we are focused on optimizing and planning for our aggressive expansion of battery and magnet elements for the domestic market over the next twelve months. Lastly, I'd like to applaud our team and partners, especially our technology partners at Purdue University and CMID, Inc. in achieving this monumental success."
With the commencement of its first commercial production runs, American Resources is redefining how REEs are sourced and processed. The Company believes that with its proven efficiency, flexibility and environmentally safe nature, chromatographic separation and purification will replace the existing environmentally and socially toxic alternatives used around the globe for rare earth and critical element isolation and purification and significantly reduce the United States' dependency on foreign nations for the supply of these critical raw materials.
ReElement division will continue to operate its magnet REE production train through its optimization plan while it moves to expand its full production. The company is also working with customer third party labs to provide such analysis as part of our sales process with domestic and international customers. Ultimately, the Company's chromatography technology, given its low cost and low capex model, can be operated in a continuous process in multiple facilities throughout the United States to maximize throughput and maintain an extremely low-cost structure while minimizing logistics and its carbon footprint. Additionally, the Company's battery material production train is expected to be operational in the fourth quarter of this year and will use a slightly modified and patented multi-mode chromatography process to recycle the constituent battery elements back battery-grade purity on an isolated basis.
Most exciting part of these…
“ We had an independent board member and shareholder of the Company request that we begin to evaluate opportunities to unlock the value for our shareholders. Such strategies, which have been presented, may include spin offs of certain divisions, stock repurchase programs, going private or sale of certain divisions.”
In other words management knows what value the company has and will realize in the next months and years. They’re basically looking for ways to realize and prepare to realize that potential value.
News American Resources Corporation Establishes Special Committee to Evaluate Strategic Valuation Creation Events
Wednesday, July 27, 2022 8:30 am
Environmental? Social and Governance
Committee Comprised of Members of the Board and Management To Conduct Strategic Review To Evaluate and Explore Further Methods That Can Unlock Value of the Company
FISHERS, IN / ACCESSWIRE / July 27, 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, at the request of an independent board member and shareholder, has created a special committee to evaluate strategic opportunities that can unlock the value of the Company for its shareholders.
Mark Jensen, CEO of American Resources Corporation commented, "We are extremely excited about our progress as a business on a fundamental basis and the opportunities we have in front of us, but also concur that the enterprise value of the business is currently at a substantial discount to our peers. We had an independent board member and shareholder of the Company request that we begin to evaluate opportunities to unlock the value for our shareholders. Such strategies, which have been presented, may include spin offs of certain divisions, stock repurchase programs, going private or sale of certain divisions. The demand for our products remains exceptionally strong and both American Carbon and reELEMENT Technologies find themselves at important inflection points. The team and special committee are dedicated to evaluating and pursuing options to see what will create the most value for all of our shareholders and which are in the best interest of the Company."
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 reElement Technologies LLC
ReELEMENT Technologies LLC 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 reelementtech.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
Topic: Environmental? Social and Governance
News from last week…
American Resources Corporation’s Carnegie 1 Mine Set to Double Metallurgical Carbon Production with Development of Bridge Section
Bridge section, upon completion, will add approximately $2.25 to $3.5 million per month of additional revenue.
FISHERS, IN / ACCESSWIRE / July 29, 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 is in development of its second section that will operate as a continuous haulage bridge section, which upon completion, is expected to add $2.25 to $3.5 million per month of revenue at current market prices.
Mark Jensen, CEO of American Resources commented, "Our series of Carnegie mines and the McCoy Elkhorn complex are major contributors to our revenue, cash flow and future growth. Carnegie 1 is a very young mine to where we have advanced to the point in the resource seam where we can expand our mine plan by adding additional sections and further reduce the overall cost structure and increase performance. Given our extensive equipment and asset base that we already own, we are able to bring this bridge section online with very little CAPEX and highlights the flexibility and growth attributes of our mining platform. Expanding an existing mine using owned equipment is the highest margin method to grow in today's market environment as it doesn't require the same labor, energy or equipment costs to expand an existing mine versus starting a new mine making it a very accretive opportunity for the Company."
The Company's Carnegie 1 team is currently setting up the ventilation required to start the added bridge section which is anticipated to start production in the next 60 to 90 days. The Carnegie 1 mine produces high vol metallurgical carbon that is not burned for energy use. Instead, specific characteristics allow it to be blended with iron to make new steel. This quality of product is in high demand in the current market environment given worldwide infrastructure growth coupled with persistent supply constraints as many producers in the U.S. are producing from old mines that are expensive to operate and coming to end-of-life. American Resources is focused on mine plans and operations that are built to be low cost with a mine life ranging from 20 to 40+ years while also making them safer and more productive operations.
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.
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/710242/American-Resources-Corporations-Carnegie-1-Mine-Set-to-Double-Metallurgical-Carbon-Production-with-Development-of-Bridge-Section
I expect 1.70's or 1.80's prior to a push to the 2.60's
$3-$5 trading range during 2023
IMO
Solid Up Day! 20 cents 10% gain on 555k shares. We’ll have to see whether we can hold above $2.00
What I Think all means??
Love this paragraph….
“Our extensive asset base, reserves and permits put us in a unique position to capitalize in these incredibly strong markets and provide supply growth to our customer base. We feel our preliminary results for the second quarter of this year showcase the beginning of a significant infliction point for our carbon business at a time that we continue to drive significant innovation in the critical and rare earth element space. We will continue to evaluate opportunities for expansion and optimization to expand cash flow and drive value for the shareholders."”
The trajectory of these numbers are exciting.
American Resources expects its preliminary second quarter 2022 revenue to be $16.196 million as compared with $9.08 million in the first quarter 2022 and $393,210 in the second quarter 2021, representing 78% quarter-over-quarter growth and over 4000% year-over-year growth, respectively.
I’ve been following AREC for a number of years and expecting at some the company would reach the point where it transitions from a developmental company to positive cash flow and profitable company.
It seems to that that day obviously on the horizon.
News Production beginning at new mine!
American Resources Corporation Commences Production of Carnegie 2 Metallurgical Carbon Mine
American Resources Corporation
Fri, July 22, 2022, 7:00 AM
Initial production is ahead of schedule with committed offtake, resulting in near-term revenue growth
New metallurgical carbon mine provides steel industry with much-needed supply of raw materials for worldwide infrastructure growth
More News … to present at conference 7/20/2022
American Resources to Present at the Suppliers Partnership for the Environment (SP) 2022 Innovation Summit
American Resources Corporation
Wed, July 20, 2022, 7:30 AM·6 min read
Mark Jensen, CEO of American Resources to present on Wednesday, July 27 at 2:00 PM ET
FISHERS, IN / ACCESSWIRE / July 20, 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 will present at the SP 2022 Innovation Summit: "Accelerating sustainable innovation through the automotive value chain" being held July 27-28, 2022 in Columbus, Ohio.
Details for the presentation are as follows:
Session: Circular EV Batteries
Title: Creating an Efficient Critical and Rare Earth Element Circular Life Cycle
Speaker: Mark Jensen, CEO of American Resources
Date &Time: Wednesday, July 27, 2022 at 2:00 PM ET
Location: Performance Hall, The Ohio State University
As part of the presentation, Mr. Jensen will provide an overview of the Company and discuss its reELEMENT Technologies LLC (formerly "American Rare Earth LLC") division. reELEMENT and its parent company, American Resources, have developed real solutions in conjunction with its corporate partners as well as sponsored research partnerships with three leading universities to bring innovative technologies to the domestic commercial market and to bring an economically viable and environmentally safe process chain onshore in order to get out from under the dependency of China for the refining of these increasingly important raw materials. Through its innovation and partnerships, reELEMENT is focusing on redefining how critical and rare earth elements are both sourced and processed throughout the world while focusing on the circular economy of recycling end-of-life permanent magnets and battery metals using ligand assisted displacement (LAD) and multi-mode chromatography. Through its initiatives, reELEMENT will be the first to produce isolated and purified (>99%) magnet and battery metals through recycling end-of-life products using the most environmentally safe methods ever developed. Their methods enable reELEMENT to recover all of the inherent high-value material at very high yields, and allow them to help address U.S. supply chain and sustainability challenges.
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 the SP 2022 Innovation Summit
Since 2002, Suppliers Partnership for the Environment (SP) has been the leading forum for global automakers, their large and small suppliers, the US EPA and other government entities from around the world to work together to improve the environmental sustainability and business value of the global automotive supply chain. SP's automaker and tiered supplier members are leading action on the next generation of ambitious environmental sustainability goals aspiring to advance positive environmental, economic and community impacts through their operations and value chains, including in areas such as carbon neutrality, circular and sustainable materials, EV battery lifecycle management and water stewardship.
News 7/19/22. Preliminary Q2 Revenue
American Resources Corporation Reports Record Preliminary Revenue Growth for Second Quarter of 2022
Record Q2 2022 quarterly revenues of $16.2 million which represents the best in Company's history with significant expansion opportunities over the balance of the year
Company's carbon platform well positioned to capitalize on continued market strength and opportunities over the next several years
FISHERS, IN / ACCESSWIRE / July 19, 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 reported its preliminary revenue for its second quarter ended June 30, 2022.
https://finance.yahoo.com/news/american-resources-corporation-reports-record-120000887.html
Long yet?
-American Resources Corporation Reports Record Preliminary Revenue Growth for Second Quarter of 2022-
52 wk lows soon
I would wait. All the buying has dried up..The chart is uoooogly...1.50s and lower coming
As you can probably tell from my posts, I’m pretty optimistic about AREC’s future.
In your DD you might look at METC as a comparison. Ramaco is a pure Metallurgical Coal play, and AREC has that potential plus the whole rare earth recycling side odd the business that eventually could outshine the metcoal revenue.
Who knows for sure… but it seems to me that AREC is building some pretty steady momentum.
As there getting close to significant increases in metcoal production and run rates, and even some production from our recycling subsidiaries, at a certain point I don’t believe we will revisit these lower levels.
I have family living near some of their operations and based on my experience with the stock, yea we’re in a good spot this year and the future is obviously bright. And when you can produce these valuable resources today and that are all needed for projects of the future, no brainer.
I like that they are able to lease equipment and create revenue from other companies producing supplies as well.
Agreed... I'm convinced the upside potential for AREC over the next 6 to 12 months is far greater than the potential downside.
I'd have to go back and check, but I think they've projected over $100 Million in revenue for the current year.j
I agree!
I’m glad I have been loading this last week.
Every time I have loaded this on dips it hasn’t disappointed.
Resources are king!
Do you mean market will go up temporarily? IRS of AREC is 22 today (2 weeks).
Everything clobbered but market reversal close. Earnings on 16th...compare this to silver, they trade the same direction. You'll get your why
why did arec droped so much today? Is this a scam company? Has the CEO lying to us so far?
NEWS… American Resources Corporation Establishes Additional Cash Flow Stream By Leasing Non-Core Mining Complex to Third-Party Operator
Company's Deane Mining complex is a state-of-the-art facility with operator projecting 1.0 million tons of production in the first year
Multi-year lease allows Company to further monetize its extensive asset base and generate high-margin revenue
Lessee takes over holding costs for permits and agrees to pay American Resources the higher of $5.00 per ton for or 5% of gross sales price for processed coal
FISHERS, IN / ACCESSWIRE / April 29, 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 entered into a multi-year lease of it Deane Mining complex to a high quality, local, third-party operator named Bluegrass Resources.
Mark Jensen, CEO of American Resources Corporation commented, "As one of the largest owners of mining infrastructure in our region, we are happy to have entered into this lease and partnership with a very reputable local operator. Our Deane Mining complex is a top-tier asset and idled complex, but does not happen to be in our current operational plan, nor in our next phase of growth plans over the next five years. Given the current strength in the worldwide carbon markets, this lease allows us to continue to capitalize on the current environment by monetize our noncore assets, help keep the community working and brings additional value to our shareholders. We have known the owners of Bluegrass Resources, for a number of years and have confidence in their ability to execute and create value for our shareholders and theirs."
Jason McCoy, Manager of Bluegrass Resources commented, "Our team has owned and operated numerous complexes over the years and based on our extensive planning and due diligence, the Deane Mining complex is one of the top-tier. The American Resources team has kept this complex in pristine condition and coal ready, which enables us to move quickly in getting the complex back up and running and to create jobs within the region. I, and the rest of the Bluegrass Resources team are excited to hit the ground running at this complex and take advantage of this structure and market environment for both our shareholders and American Resources shareholders."
The Company's Deane Mining complex, located in Letcher County, Kentucky, contains a state-of-the-art, 800 ton per hour carbon processing facility, logistics infrastructure including batch weight unit train loadout on CSX rail, and access to abundant onsite and nearby mining capabilities. American Resources acquired the Deane Mining complex in December of 2015 from Rhino Resources Partners LP and operated it until 2019.
Under the terms of the lease to the third party, American Resources will receive an upfront cash payment of $100,000 a month for the first two months and then $20,000 monthly minimum until in production. Once in production American Resources will receive the higher of $5.00 per ton or 5% of gross sales price generated from the Deane Mining complex, among other terms of the transaction. The term of the lease is for a five-year period with renewable options thereafter.
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
NEWS... American Resources Corporation Secures Worldwide Rights to New Provisional Patent for Producing Battery-Grade Lithium, Cobalt and Nickel
April 28 2022 - 07:54AM
* American Resources Corporation Secures Worldwide Rights to New Provisional Patent for Producing Battery-Grade Lithium, Cobalt and Nickel
* New patent advances the Company's chromatography technology and process to more efficiently produce all critical battery materials from all feedstocks including end-of-life batteries
* Patented process and technology differentiates American Rare Earth from peers by producing battery-grade quality materials in an environmentally and cost competitive solution
FISHERS, IN -- April 28, 2022 -- InvestorsHub NewsWire -- 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 secured the exclusive worldwide rights for a new provisional patent filed by the Company's technology and research partner, Purdue University, for the isolation and purification of battery-grade materials using multi-mode chromatography for all feedstocks.
Mark LaVerghetta, Head of Corporate Finance and Communications commented, "This is an exciting technology and addition to our existing patent portfolio for producing isolated and high-purity critical and rare earth metals utilizing our low cost, environmentally-safe and sustainable isolation and purification methods. Over the last year, we have had great success working with the amazing team at Purdue University, led by Dr. Linda Wang, to refine and develop these high-value technologies to create and enhance a domestic supply chain of sustainable, battery-grade material such as lithium, cobalt, nickel, manganese, and graphite. This particular patent further enhances our ability to be the lowest cost provider for the final stage of producing isolated and purified, battery-grade materials that can be used to manufacture new lithium-ion batteries. Our second production train, being built at our Noblesville, IN rare earth and battery metals purification facility, will utilize this technology to comprehensively recycle lithium-ion batteries and to showcase the exceptional benefits and scalable nature of our process. The demand and prices for battery-grade materials are showing significant strength, which we anticipate will continue to grow alongside the growth of the electric vehicle marketplace. We look forward to working with black mass producers as well as the battery manufacturers to provide a more comprehensive and sustainable solution for both upstream and downstream materials."
Mung Chiang, Executive Vice President of Purdue University for Strategic Initiatives, the John A. Edwardson Dean of the College of Engineering, and the Roscoe H. George Distinguished Professor of Electrical and Computer Engineering, commented, "We are excited about furthering our relationship with American Resources Corporation and its subsidiary American Rare Earth LLC given their passion and efforts to commercialize our high value technologies that are solving complex equations in regard to national security, national supply chain and sustainability challenges for electrified products including electric vehicles. We believe these technologies are both cost effective and environmentally safe to be performed and scaled throughout the domestic market. With American Resources' growth and their broadening relationships, such as with the Heritage Group, we believe they have the team and resources to bring this to scale as a real solution throughout the U.S. and then world. We look forward to working with them on these and other technologies as well as the sponsored research programs currently in place."
The provisional patent was filed on March 25th, 2022 by the Purdue Research Foundation for the purpose of establishing and protecting the Company's "versatile multi-dimension and multi-mode chromatography methods for producing high-purity lithium, cobalt, nickel, and manganese salts with high yields from all feedstocks including end-of-life batteries."
Advantages of the patented technology include:
• High purity (>99.5%) products with high yields (~99%) from complex mixtures;
• Impurities effectively removed to below 5 ppm, before further purification;
• Compact processing volume, small footprint, and high productivity;
• Only utilizes safe and mild chemicals in ambient temperature and low-pressure equipment ensuring almost zero wastewater discharge and low hydrocarbon emissions;
• Low capital and energy costs;
• Only sodium salts are generated in the process as waste;
• Ability to produce battery-grade and high-purity, isolated elements or high-purity mixtures of Li, Co, Ni and Mn; and,
• Highly efficient and flexible for processing feedstocks with different compositions at different production scales.
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.
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
Where is everybody? Shouldn't this go up? It dropped so much in the past few days, especially past 2 days. What's wrong? It does not follow the TA rules.
Will the uptrend turn to downtrend from now on? This stock is heavily manipulated. Is it legal for the company to do this?
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
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
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
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
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!
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
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]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
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 achieves high purity of lithium, nickel and cobalt from recycled EV batteries-
(Oct 2021)
Thanks. Coal is paying well today
Followers
|
23
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
632
|
Created
|
06/18/18
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |