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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
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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
Metallurgical Coal is their basic element... the attention they've gotten over the last year is they've developed and acquired technology for "mining" rare earth elements.
They've also developed a subsidiary for recycling used magnets and similar materials... some of those might be nickel, along with other such elements.
There's probably someone better to voice summarize these things.
Enjoying the ride. Earnings on the 29th. Does AREC mine any nickel? Or is that still in the planning phases.
NEWS American Resources Corporation Acquires Operating Rights to PCI Carbon Surface Mine
Fri, March 11, 2022, 7:00 AM·
Facility Could Add 4,000 to 15,000 Tons per Month of Incremental Production to the Company's McCoy Elkhorn Complex
Acquisition Expected To Increase Revenues for Company Beginning in June
FISHERS, INDIANA / ACCESSWIRE / March 11, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that it has acquired the operating rights to a PCI carbon surface mine operation to further expand the production of their McCoy Elkhorn Complex in Pike County, Kentucky.
Thomas Sauve, President of American Resources Corporation commented, "We are excited to be able to bring incremental, near-term production opportunities to life given our vast asset base in the region. This operation is a low-cost opportunity with high quality product that will have the ability to serve our steel-making customers. We are putting a plan in place to bring this operation online over the next 60 days. This job will add an additional 15 direct and indirect jobs to the local community. Additionally, bringing this operation online in the current market will help feed the massive shortage in the supply of high-quality carbon while allowing us to capitalize on current market prices."
Carbon production from this operation will be transported approximately 15 miles to the Company's state-of-the-art processing facilities at its McCoy Elkhorn complex to be processed and shipped to customers. The quality of this operation is anticipated being sold into the PCI and specialty carbon markets. Once ramped, the Company anticipates the operation to produce between 5,000 to 15,000 tons per month. While the terms of the transaction were not disclosed there was no capital paid upfront as part of the transaction.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves….
https://www.accesswire.com/692650/American-Resources-Corporation-Acquires-Operating-Rights-to-PCI-Carbon-Surface-Mine
NEWS! American Resources Corporation Increases Equipment Fleet at Carnegie #1 Mine to Double Production Expansion
Thu, March 10, 2022, 7:00 AM·4 min read
In this article:
Company delivers second Joy 14cm15 continuous miner to expand production by 5,000 to 10,000 tons per month
FISHERS, IN / ACCESSWIRE / March 10, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that it has added to its fleet of equipment at its Carnegie #1 mine to double its production of high-quality metallurgical carbon to meet the strong demand of the current and future market.
Tarlis Thompson, COO of American Resources Corporation commented, "Equipment and people are the lifeline of any mining operation. We have built a great team at this operation and now with the delivery of this newly rebuilt continuous miner, the heart of an operation's equipment fleet, it will enable us to increase production and reduce the mine's overall cost structure. The current carbon market, like so many other commodities and industries, is extremely tight while facing supply chain and labor challenges, and prices are certainly reflecting that. We have heard the narrative that the industry's domestic production this year is sold out and we continue to see a supply-demand balance that corroborates that. Given our growth platform to supply the metallurgical carbon market with incremental supply, we are highly focused on our steady and continuous production ramp, and this milestone demonstrates our ability to do just that and we applaud our team for their accomplishments."
The Carnegie #1 mine produces high vol metallurgical carbon for the domestic and international steel industry. Located in Pike County, Kentucky, the Carnegie #1 mine accesses a large boundary of carbon in the Lower Alma seam. American Resources has now successfully delivered a second, fully rebuilt Joy 14CM15 continuous miner which was rebuilt by its internal rebuild shop over that past few months. The Company will utilize the second continuous miner at the Carnegie #1 mine under a modified or "walking" super section mine plan to increase the mine's sellable output to approximately 12,000 - 20,000 tons per month.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.
https://www.accesswire.com/692402/American-Resources-Corporation-Increases-Equipment-Fleet-at-Carnegie-1-Mine-to-Double-Production-Expansion
-American Resources Corporation Interview to Air on Bloomberg U.S. on the RedChip Money Report(R)-
If I hear the CEO say “the company is well positioned” to…what a joke. I talked to the CEO 2 years ago who said anticipated revenues were $150M for 2019. He’s been saying woulda, coulda shoulda for how long now? And if he is hitching his wagon to Uncle Joe’s “infrastructure” plan good luck with that. When he delivers on a fraction of what he has said in the past, please let me know. Until then no thanks.
-AREC is ready to explode-
-Recycling plant aims to turn US coal country into rare earth powerhouse-
IMO The market will continue to value this news.
Brilliant move by both parties!
The Heritage Group's Monument Chemical could benefit greatly through supplied rare earths sourced by AREC.
Good luck!
Understandably, the market was pleased with this information. We traded up 15 cents per share on 1.1 Million shares.
Pretty significant release in my opinion.
NEWS... American Resources Corporation's Rare Earth Division Receives Investment and Enters into Long-Term, Strategic Partnership with The Heritage Group
The Heritage Group brings ~100 years of experience and innovation in transportation and infrastructure materials, environmental services and specialty chemicals to American Rare Earth
Partnership with The Heritage Group supports the development of American Rare Earth's circular economy supply chain partnerships and customer base
Synergies expedite the path to being the first and lowest cost producer of domestically-sourced, purified and sustainable battery and magnet metals
Heritage's investment will equal 7.5% of American Rare Earth LLC and have a right to invest $50 million at a $300 million pre-money valuation
FISHERS, IN / ACCESSWIRE / January 11, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next-generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced its strategic partnership between its wholly-owned subsidiary, American Rare Earth LLC ("American Rare Earth"), and the venture capital investment arm of The Heritage Group, HG Ventures LLC ("Heritage"); a multi-generational business with a diverse range of operating companies focused on innovation in material science, chemistry and environmental services which includes a major stake in the largest and most comprehensive battery recycling platform in North America. American Rare Earth and Heritage will be expediting the path of being the United States' first and lowest cost producer of domestically sourced, purified and sustainable battery and magnet metals.
Mark Jensen, CEO of American Resources Corporation commented, "As we continue to execute on our vision of redefining how critical and rare earth elements are sourced, processed and purified by focusing on a sustainable and circular supply chain, we have been very selective with our prospective partners to this point. We are thrilled to be moving forward and partnering with Heritage given their unique position, expertise, network and a shared vision on how we can collaboratively bring impactful solutions to the domestic supply of battery and magnet metals. Furthermore, we both agree that creating a closed-loop and circular supply of these increasingly important materials in a cost effective and environmentally safe way will enable the United States to compete on a global basis. As we are hitting key metrics to bring our technologies into a commercial production in 2022, bringing in a partner that can help expedite the commercial success is a game changer for the scalable growth of our rare earth and battery metals division. This partnership will allow us to further incorporate value-added partners throughout the supply chain more expeditiously and ensures a successful pathway for our shared vision."
Indiana-based The Heritage Group brings almost a century of knowledge, experience, innovation and relationships throughout various industries including transportation infrastructure and materials, environmental services, specialty chemical and fuel products to American Rare Earth. Today, Heritage consists of over thirty operating companies with approximately 170 worldwide locations and over 5,000 employees. With its vast reach, Heritage has a proven track record of delivering new solutions and advancing socio-economic progress through science, world-class R&D, business, venture capital and strategic acquisitions.
"We look forward to partnering with American Rare Earth to expand production of rare earth elements and critical metals by recycling electric motors, batteries and other e-waste, which will help address U.S. supply chain and sustainability challenges," added Jonathan Schalliol Director at HG Ventures. "As demand for batteries and smart electronics soars, this partnership aims to help drive growth in the U.S. raw materials market to expand our country's domestic manufacturing capabilities. The U.S. has the opportunity to lead in closed-loop and circular material supply, and it starts with this type of cross-sector collaboration."
This partnership leverages American Rare Earth's proprietary and industry-leading technologies in critical and rare earth metal processing and purification with Heritage's longstanding success in material science, assets and extensive relationships. American Rare Earth's unique ability to capture, process and purify critical and rare earth elements have come from the partnerships of three leading universities creating a platform of innovation.
With American Rare Earths' first purification facility expected to be operational in the first half of 2022, this partnership further strengthens American Rare Earth's foothold into various feedstock relationships for battery and magnet material including from spent electric vehicle, windmill motors and e-waste for which there is currently no comprehensive, sustainable, end-of-life solution. Additionally, the partnership opens up relationships with public and private customers demanding these purified metals to drive the growth and success of the electrification and clean tech markets while advancing national security interests.
Through its due diligence and verification of American Rare Earth's chromatography process and technology for the final stage of isolation and purification of critical battery and magnet metals, Heritage and American Rare Earth have entered into a collaboration agreement (the "Collaboration Agreement") to include but not limited to:
collaboration on opportunities to accelerate the growth and commercialization of American Rare Earth's feedstock supply and to provide Heritage with additional products and services to market;
enhance the sourcing of feedstocks, such as of end-of-life permanent magnets and batteries or battery materials, for American Rare Earth's processing and purification business;
further the buildout of American Rare Earth's downstream sales partners for the sale of critical and rare earth metals to government and industry partners for the production of new products and applications;
leverage Heritage and its Affiliates' personnel, expertise, and equipment (such as R&D and laboratory equipment) to possibly assist American Rare Earth in the further development, refinement and execution of its business; and
provide Heritage and its Affiliates the ability to market the technologies, patents, capabilities and access of American Rare Earth's technologies and patents to Heritage's and its Affiliate's customers, relationships, and affiliates.
Pursuant to the Membership Purchase Interest Agreement, Heritage will receive a 7.5% ownership stake of American Rare Earth with American Resources retaining ownership of 92.5% of the equity interest. Additionally, Heritage has been granted an option to purchase up to $50 million of American Rare Earth's equity interest at a $300 million, pre-money valuation.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.
About American Resources Corporation
American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.
American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.
About American Rare Earth LLC
American Rare Earth is redefining how critical and rare earth elements are both sourced and processed while focusing on the recycling of end-of-life products such as rare earth permanent magnets and lithium-ion batteries, as well as coal-based waste streams and byproducts to create a low-cost and environmentally-safe, circular supply chain. American Rare Earth has developed its innovative and scalable "Capture-Process-Purify" process chain in conjunction with its licensed intellectual property including 16 patents and technologies and sponsored research partnerships with three leading universities to support the domestic supply chain's growing demand for magnet and battery metals. For more information visit arareearthcorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.
About The Heritage Group
Founded in 1930, The Heritage Group (THG) is a fourth-generation, family-owned business managing a diverse portfolio of companies specializing in heavy construction and materials, environmental services, and specialty chemicals. Companies within the THG portfolio include Heritage Environmental Services, Heritage Construction + Materials, and Monument Chemical. With more than 5,000 employees and 30 operating companies worldwide, THG aims to build a safer, more enriching and sustainable world by harnessing the power of family.
About HG Ventures
HG Ventures is the corporate venture arm of The Heritage Group, headquartered in Indianapolis, Ind. HG Ventures supports innovation and growth across The Heritage Group by investing and partnering with innovative, high-growth companies to support a sustainable future. We leverage the world-class expertise of The Heritage Group operating companies and research center to offer a unique value proposition to our portfolio company partners. www.hgventures.com
Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
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/681945/American-Resources-Corporations-Rare-Earth-Division-Receives-Investment-and-Enters-into-Long-Term-Strategic-Partnership-with-The-Heritage-Group
Agreed. With additional mines coming online I would think 2022 results would be much improved.
Insiders loaded...maybe time. $2.00 line would be good start for change in trend
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