I love it when things work out!
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Sounds good to me.
Hey Televet... I've been on the sidelines the last while... but I have some QSAM so I'm hopeful. Reverse split proportions are kinda crazy, but Oh well. But we re heading in a good direction.
I’ve been quite pleased with Fidelity. Zero commissions on everything.
No flack on OTC and pinks so far.
Seem pretty serious and making plans for the future!
Good stuff M. Fink.
Highlights?
“For the fourth quarter of 2022, American Resources reported net income of $9.5 million, or $0.14 per share, as compared with a net income loss of $10.4 million, or a loss of $0.17 per share, in the prior year period. The Company earned adjusted EBITDA of $11.4 million in the fourth quarter of 2022, as compared with an adjusted EBITDA loss of $6.8 million for the fourth quarter of 2021.”
400% increase in revenue composed to last 4th Q.
Fourth Quarter Release: American Resources Corporation Reports Fourth Quarter and Record Full Year 2022 Financial Results and Provides Business Outlook
2022 revenues increased over 400% vs. 2021 and carbon operations continue to scale
The first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets and high-purity battery elements from recycled lithium-based batteries
Company's patented chromatographic separation and purification process defining itself as the world-leading critical mineral refining technology
Strong balance sheet provides financial strength and flexibility to execute on its innovation, collaboration and growth plans
Company to host update conference call today at 4:30 PM ET
FISHERS, IN / ACCESSWIRE / March 30, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced financial results for the fourth quarter and full year ended December 31, 2022. The Company will host a conference call and webcast, today, March 30, 2023, at 4:30 PM ET (details below).
Mark Jensen, Chairman and CEO of American Resources Corporation commented, "Throughout 2022 we further established our pillars of growth and have uniquely positioned our businesses to capitalize on defined growth opportunities across the markets we serve. We believe the past year, where we realized record revenues, marks an exciting inflection point in our transformational evolution as a Company. Our American Carbon division is uniquely positioned to provide incremental metallurgical carbon to a supply constrained global steel market, with a relatively much lower capital cost, given the assets we own and the restructuring we have already completed. ReElement Technologies has become the most exciting entity we have ever been a part of as it establishes itself as a world-leading critical mineral refining technology. The critical and rare earth elements we refine are imperative to operate our modern-day technology including electric vehicles, clean energy and defense applications. ReElement's patented chromatographic separation and purification technology addresses the biggest bottleneck within our domestic and global supply chain. We believe our proven ability to sustainability produce ultra-pure critical mineral products in a smaller, cleaner and lower cost footprint while having the ability to be highly flexible to the feedstocks we refine is revolutionary not only for the U.S., but for the entire planet. Lastly, our American Metals division is a platform which has ample opportunity to leverage ReElement's refining capabilities by diversifying into other metals and feedstocks to process, including battery material processing and recycling. In retrospect, we have achieved some very material milestones over the past two years since announcing our ReElement division, and we continue to focus on timely execution to solidify our strategic positioning within the value chain."
2022 Key Division Highlights
ReElement Technologies
Achieved groundbreaking success as the first in the United States to produce greater than 99.5% pure rare earth elements [dysprosium (Dy), neodymium (Nd) and praseodymium (Pr)] and 99.9% pure lithium at commercial scale, in isolated forms and from sustainable sources including end-of-life permanent magnets and lithium-based batteries.
Continued to buildout a best-in-class team to drive operations expertise and strategic vision including Director of R&D Dr. Yi Ding, COO, Jeff Peterson, CCO, Chris Moorman, Technical Advisor and Director of Engineering, Bill Smith and Director, Bob Galyen.
Established the first domestic, critical mineral, advanced refining facility in Noblesville, Indiana focused on sustainability and circular supply chain, and has paved the way with site selection, design, engineering and initial development of its large scale, high capacity refining facility.
Established partnerships with two of the leading domestic rare earth magnet platforms: 1) USA Rare Earth Magnets, LLC to develop the nation's first fully domestic and circular supply chain for rare earth magnet manufacturing, and 2) Advanced Magnetics Lab, Inc. (AML) to provide high-purity raw material for their domestic magnet production and made an investment to further advance AML's technology and commercialization.
American Carbon
Positioned its McCoy Elkhorn complex as initial driver of carbon production growth given feedstock of high-quality metallurgical carbon deposits and processing capacity with the following initiatives:
Commenced production at its greenfield Carnegie 2 metallurgical carbon mine to supplement its existing Carnegie 1 mine.
Secured approval for advanced mining plans to increase production at its Carnegie mines including a deep cut mine plan at its Carnegie 1 mine, a continuous haulage bridge section at its Carnegie 1 mine, and a second mining section at its Carnegie 2 mine.
Commissioned one of its two processing facilities at McCoy Elkhorn for internal carbon processing, third-party processing and carbon loading.
Positioned Wyoming County Coal as its next driver of growth with the federal commitment in the form of $4.9 million in New Market tax Credits to go alongside the preliminary approval for a $45 million volume cap allocation from the state if West Virginia for private activity, Solid Waste Disposal Facility Revenue Bonds. These two non-dilutive capital sources will support the development of two underground deep mines to produce premium, mid-vol metallurgical carbon, upgrade to the existing processing facility and development of its patented electrolysis technology to process associated waste streams into critical mineral concentrates.
Corporate
Elevated its shareholder-focused and value-creative culture by establishing a special committee to evaluate strategic opportunities that can unlock the value of the Company. Accordingly, the special committee instituted the following initiatives:
Implemented a stock repurchase program for up to a $10 million.
Repurchased a 7.5% interest of ReElement Technologies, making it a wholly owned subsidiary of American Resources.
Filed a Form10 registration statement with the U.S. Securities and Exchange Commission ("SEC") for the planned spin-off of its ReElement Technologies division into a standalone public company.
Strengthened its balance sheet and financial flexibility through the conversion of the Company's last convertible debt, whereby Golden Properties Ltd. elected to convert all of their Senior Convertible Debentures due March 31, 2023 to shares of class A common stock of the Company in a move that reduces the debt of the Company by over $9 million.
"Looking forward to the remainder of 2023, our belief in and excitement over the opportunities we have in front of us continues to reach an all-time high. We have positioned our McCoy Elkhorn complex as American Carbon's primary growth asset as we continue to expand production at our set of Carnegie mines, as we restart our onsite processing capacity and have redeployed certain assets from Perry County to support additional growth. Beyond Carnegie 1 and 2, we are planning and developing two, fully-permitted mines to supply our McCoy Elkhorn complex with additional low-cost, high quality metallurgical carbon for the global steel industry. Over the past several months, we have stockpiled approximately $6 million of met carbon production at McCoy Elkhorn as we prepared our processing plant to fully come online. Additionally, we are confident that our significant processing capabilities at McCoy Elkhorn will provide us ample third-part processing and loading opportunities with minimal additional capital expenditures," continued Mr. Jensen.
"The opportunity for ReElement Technologies continues to manifest at a very rapid pace and continues to be bolstered by our tremendous team and partnerships. Now that we have showcased commercial success for refining both rare earth and critical battery elements, we are confident that our refining technology will be recognized as the most efficient and viable standard as the foundation and infrastructure of this energy transition is stood up. As this transition continues to take hold, it is worth noting that our critical mineral needs are expected to exponentially increase, and high purity products will be imperative for manufacturing. As such, we believe our value-added services and collaborative approach will be continue to bolster our upstream and downstream partnerships and unlock the value of ReElement as we position it as a standalone public company."
Expected Near-Term Catalysts
Continued increase in carbon production to meet growing market demand.
Closing of $45 million West Virginia tax-exempt industrial development bonds for Company's Wyoming County advanced carbon and rare earth processing facility.
Additional ReElement Technologies upstream and downstream partnerships to bolster feedstocks of end-of-life products and ores for critical and REEs and offtake customers of sustainable and domestic sources of high-purity battery and magnet metals.
Showcase commercial efficacy of using patented chromatography process to produce ultra-pure lithium hydroxide or carbonate from spodumene ore.
Continue to scale critical mineral refining capacity with the procurement of large-scale facility and co-located facilities through partnerships.
Conference Call Information
American Resources management will host a conference call for investors, analysts and other interested parties today, Thursday, March 30, 2023 at 4:30 PM ET.
Interested participants and investors may access the conference call by dialing (877) 407-4019 and referencing American Resources Corporation's Fourth Quarter and Full Year 2022 Conference Call, or by the webcast link: here.
Financial Results for Fourth Quarter and Year-End December 31, 2022
For the full year of 2022, American Resources reported a net income loss of $1.45 million or a loss of $0.02 per share for the twelve months ended December 31, 2021, as compared with a net income loss $32.4 million or loss of $0.59 per share for the full year of 2021. The Company earned adjusted earnings before interest, taxes, depreciation, amortization, accretion on asset retirement obligations, non-operating expenses and non-cash impairment (‘adjusted EBITDA") of $6.5 million for the year ended December 31, 2022, as compared with an adjusted EBITDA loss of $22.8 million in 2021.
For the fourth quarter of 2022, American Resources reported net income of $9.5 million, or $0.14 per share, as compared with a net income loss of $10.4 million, or a loss of $0.17 per share, in the prior year period. The Company earned adjusted EBITDA of $11.4 million in the fourth quarter of 2022, as compared with an adjusted EBITDA loss of $6.8 million for the fourth quarter of 2021.
Fourth Quarter 2022 Summary
Total revenues were $4.68 million for the fourth quarter of 2022 compared to revenues of $4.54 million during the fourth quarter of 2021. General and administrative expenses for the fourth quarter of 2022 were $1.1 million compared to $1.3 million in the prior year period. American Resources incurred interest expense of $457,136 during the fourth quarter of 2022 compared to $1.9 million during the fourth quarter of 2021. Development costs during the quarter were $6.18 million, compared to $3.69 million in the third quarter of 2022.
Full Year 2022 Summary
Full year 2022 revenues were $39.5 million compared to full year 2021 revenues of $7.76 million. The Company realized record revenue in 2022, and a greater than 400% increase over 2021 annual revenue, as it grew production at its McCoy Elkhorn complex while being offset by the idling of its Perry County Resources complex due to labor disruptions resulting from the catastrophic floods that hit eastern Kentucky in August 2022. The Company has redeployed certain assets, including labor, from its Perry County Resources complex to its McCoy Elkhorn complex to support its continued organic growth. The Company is currently realizing a higher and more consistent production schedule at its McCoy Elkhorn complex, including a second operating section at its Carnegie 2 mine, and has stockpiled approximately $6 million of metallurgical carbon over the past several months as it commissions its onsite processing facility to fully operate. Development costs during 2022 were $28.1 million compared to $18.1 million during 2021 and better positions the Company within the markets in which it serves and to meet growing demand while realizing a healthy pricing environment.
The Company did not incur any income tax expense in 2022 as it was able to utilize its available net operating losses ("NOL") carried forward from prior periods of approximately $23.8 million as of December 31, 2022.
AMERICAN RESOURCES CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
See LINK BELOW!!
...........
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/746767/American-Resources-Corporation-Reports-Fourth-Quarter-and-Record-Full-Year-2022-Financial-Results-and-Provides-Business-Outlook
Who knows for sure, but it seems to me the company has been funding its payroll by selling shares via an S-1 (or whatever number it is).
JanOne, Inc. is the company from whom SPYR purchased the Geotracking technology. JAN is the JanOne's Ticker.
What do you suppose the paper for the $12.3 million is really worth???
At least as much as the company.
Comprende!
Seems to me they got something for (next to) nothing.
When they acquired the tracker technology company, informed us that no products would be available for sale until the Q1 2023.
I’m not overly optimistic, but I believe it’s possible that things could come together and we could become a real company with real products and one day actually generate real income.
As we’ve all heard before, Time will tell.
In my opinion I think they become a major player in the electronic nicotine segment or they will get bought out before it happens.
If I’m remembering correctly the O/S is approaching a billion shares. 989 Million.
O/S have increased from 611 Million to 939 Million since I've been watching a month or two ago.
FWIW.... H.C. Wainwright Reaffirms Their Buy Rating on American Resources (AREC)
October 26 2022 - 05:25PM
In a report released yesterday, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on American Resources (AREC - Research Report), with a price target of $4.50. The company's shares closed today at $2.36.According to TipRanks, Ihle is an analyst with an average return of -19.9% and a 23.37% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Uranium Energy, Gold Resource, and Golden Minerals Co.American Resources has an analyst consensus of Moderate Buy, with a price target consensus of $4.50.
https://www.tipranks.com/news/blurbs/h-c-wainwright-reaffirms-their-buy-rating-on-american-resources-arec?utm_source=advfn.com&utm_medium=referral
QSAM Biosciences Adds Rutgers Cancer Institute of New Jersey as Clinical Trial Site To Expand and Advance Study of CycloSam® in the Treatment of Bone Cancer
Austin, TX, Oct. 26, 2022 (GLOBE NEWSWIRE) -- QSAM Biosciences, Inc. (OTCQB: QSAM), a company developing next generation therapeutic radiopharmaceuticals, including Samarium-153-DOTMP (CycloSam®), for the treatment of bone cancer and related diseases and conditions, today announces the addition of Rutgers Cancer Institute of New Jersey (RCINJ) as a clinical trial site approved to begin enrolling patients into the Phase 1 study evaluating CycloSam® in treating patients with bone cancer that either originated in or has metastasized to the bone.
RCINJ is part of Rutgers Health and New Jersey’s only National Cancer Institute (NCI) – designated Comprehensive Cancer Center, an elite recognition that is granted competitively to institutions based on their scientific leadership, resources, and outstanding track record of research discoveries and ability to translate these discoveries to benefit cancer patients. RCINJ is QSAM’s second trial site approved to enroll patients in this study.
QSAM’s study is a multiple center, dose escalation clinical trial intended to determine the maximum tolerated dose of CycloSam® in patients, and also assess early efficacy signals. Patients with bone cancer that has metastasized from the breast, prostate, lung, or other organs are eligible to enroll in the study. Additionally, osteosarcoma and Ewing’s Sarcoma bone cancer patients, diseases that mostly affect children and young adults, are also eligible.
"The addition of Rutgers as our second clinical trial site will allow us to advance our study more rapidly in this major northeast population center,” stated Douglas R. Baum, CEO. “We are pleased and honored to have the participation of the outstanding Rutgers CINJ team, who brings a substantial depth of knowledge and clinical development experience to our trials for CycloSam®."
“We look forward to being part of this important clinical trial evaluating this new and novel formulation of Samarium-153 as a therapeutic,” stated Sanjay Goel, MD, Director of Phase I/Investigational Therapeutics and Medical Oncologist who will serve as the Investigator for the clinical trial site located in New Brunswick, NJ. “New treatment options for primary and metastatic bone cancer are very much needed and therapeutic radiopharmaceuticals such as CycloSam® offer potential benefits for these patients,” Dr. Goel added.
Adults with bone cancer that has migrated or metastasized from the prostate, breast, or lung is common and frequently fatal. QSAM is dedicated to developing its Cyclosam® drug candidate for this important patient population to address this major unmet medical need, and patients with any of these bone cancer types are eligible for this clinical trial. Osteosarcoma, while still a rare pediatric disease, is the most common form of bone cancer in children and young adults (ages 15-39) with primary high-grade bone malignancy, and Ewing’s Sarcoma bone cancer is the second most common form of bone cancer in children. According to the Cancer Facts & Figures 2021 produced by the American Cancer Society, there are about 400,000 new cases of malignant bone metastasis and 3,610 new cases of primary bone cancer diagnosed in the United States each year.
About QSAM Biosciences
QSAM Biosciences, Inc. is developing next-generation nuclear medicines for the treatment of cancer and related diseases. QSAM’s initial technology, CycloSam® (Samarium-153 DOTMP), is a clinical-stage bone-targeting radiopharmaceutical developed by IsoTherapeutics Group LLC, pioneers in the nuclear medicine space who also developed the FDA-approved Quadramet® (Samarium-153 EDTMP) radiopharmaceutical product, which is indicated for pain palliation. QSAM is led by an experienced executive team and board of directors that have completed numerous FDA approvals and multiple successful biotech exits.
CycloSam® has demonstrated preliminary safety and efficacy in animal studies and a single patient FDA-cleared human trial performed in 2020 at the Cleveland Clinic. This nuclear technology uses low specific activity Samarium-153 (resulting in far less long-lived europium impurities) and DOTMP, a chelator which is believed to reduce or eliminate off-target migration and targets sites of high bone turnover, making it, in management’s opinion, an ideal agent to treat primary and secondary bone cancers. Since CycloSam® delivers targeted radiation selectively to the skeletal system and to bone tumors, it is also believed to be a candidate for effectiveness trials in bone marrow ablation as preconditioning for bone marrow transplantation, as well as in procedures to reduce external beam radiation to bone tumors. This multi-patented drug candidate utilizes a radioisotope previously approved by the FDA combined with a novel chelant, DOTMP, that has demonstrated preliminary increased efficacy and decreased side effects in animal models and veterinary treatment of bone cancer in dogs. Further, CycloSam® utilizes a streamlined, just-in-time manufacturing process that is already in place. Given these factors, management believes there is a strong pathway to commercialization for CycloSam®.
Legal Notice Regarding Forward-Looking Statements: This news release contains "forward-looking statements.” These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements, whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, our ability to fully commercialize our technology, risks associated with changes in general economic and business conditions, regulatory risks, clinical trial risks, early stage versus late-stage product safety and efficacy, actions of our competitors, the extent to which we are able to develop new products and markets, the time and expense involved in such development activities, the ability to secure additional financing, the ability to consummate acquisitions and ultimately integrate them, the level of demand and market acceptance of our products, climate-related risks and changes in our business strategies. This is not an offering of securities, and securities may not be offered or sold absent registration or an applicable exemption from the registration requirements.
Corporate Communications
Namrata Chand, VP Operations
ir@qsambio.com
RedStone Communications, LLC
Marlin G. Molinaro, Sr. Vice President
Henderson, NV. 89014
725-205-1122 - Office
702-575-7445 - cell
News / Informational Release: QSAM Biosciences Inc. (QSAM) Working to Halt, Regress Bone Tumors in Children Through Therapeutic Radiopharmaceuticals
* Overall incidence of childhood cancer is on the increase, averaging 0.8% increase per year since 1975, reports leading advocacy organization
* QSAM developing therapeutic radiopharmaceuticals as safer, more efficacious alternatives to address unmet medical needs, underserved patient populations
* Company creating pipeline of novel radiotherapeutics to serve multiple indications with its lead product,
With the overall incidence of childhood cancer on the rise, the work of QSAM Biosciences (OTCQB: QSAM) is becoming increasingly important. QSAM Biosciences is a clinical-stage biotechnology company focused on developing and bringing to market targeted therapeutic radiopharmaceuticals and advancing the fight against cancer, including the underserved pediatric population.
“The overall incidence of childhood cancer is on the increase, averaging 0.8% increase per year since 1975. Overall cancer incidence rates increased an average of 1% per year from 1997 to 2018,” reports Children’s Cancer Cause, the leading national advocacy organization for children’s cancer (https://ibn.fm/foz9V).
According to Children’s Cancer Cause, in 2022 an estimated 10,470 children (from birth to 14 years) and 5,480 adolescents (aged 15 to 19 years) will be diagnosed with cancer. “It is estimated that there will be 13.7 million cases of childhood cancer between 2020-2050. Unless there are major improvements in diagnosis and treatments, of this, 45% will go undiagnosed and 11.1 million will die if no further investments in interventions are made. The vast majority, almost 85%, will be concentrated in developing countries.”
The group went on to note that cancer in children and young adults is different from cancer that develops in adults. “Some of the unwanted side effects of cancer treatments cause more harm to children than they do to adults,” the report states. “This is because children’s bodies are still growing and developing, so cancer and its treatment are more likely to affect developing organs.
“More than 95% of childhood cancer survivors will have a significant health-related issue by the time they are 45 years of age,” the report continued. “These health-related issues are side effects of either the cancer or, more commonly, the result of its treatment: one-third will suffer severe and chronic side effects, one-third will suffer moderate to severe health problems, and one-third will suffer slight to moderate side effects.”
QSAM Biosciences is working to make a difference in this space, as well as in the adult cancer sector. The company is developing “targeted therapeutic radiopharmaceuticals as safer and more efficacious alternatives to current treatment modalities to address large unmet medical needs and underserved patient populations” (https://ibn.fm/gE7c6).
With that in mind, QSAM is focused on creating a pipeline of novel radiotherapeutics to serve multiple indications. The company’s lead product, CycloSam(R), is a clinical-stage, bone-seeking radiopharmaceutical designed to deliver targeted radiation safely and precisely to tumors in the bone.
“CycloSam delivers the beta-emitting radioisotope, Samarium-153, to areas of rapid bone formation through a superior chelant, DOTMP, emitting a potent yet controlled dose of radiation treatment directly to the tumor environment while minimizing radiation exposure to healthy tissue,” the company reports. “The results we seek are halting or regressing primary and metastatic tumors in bone for both children and adults. . . . CycloSam is the next generation of an already FDA-approved drug, with patented improvements to increase efficacy and utility, reduce toxicity, and streamline production.”
For more information, visit the company’s website at www.QSAMbio.com.
https://www.investorwire.com/news-articles/qsam-biosciences-inc-qsam-working-to-halt-regress-bone-tumors-in-children-through-therapeutic-radiopharmaceuticals/
Zonks…. More News…. American Resources Corporation to Build 200,000 Square Foot Combined Commercial Scale Lithium Ion Battery and Rare Earth Magnets Recycling Facility
New Facility Will Expand To Process 90,000 Tons of Critical Battery Materials (Black Mass) and 5,000 Tons of Rare Earth Magnets Annually by 2025
Site Selection Has Been Narrowed to Controlled Property in Either Indiana or West Virginia With Design and Engineer Already Commenced
FISHERS, IN / ACCESSWIRE / September 16, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that its majority owned subsidiary, ReElement Technologies LLC, has commenced engineering, planning and development for its second lithium-ion battery and rare earth magnet recycling and metal recovery facility utilizing its patented chromatography technology to produce 99.9%+ pure critical battery material and 99.5%+ rare earth elements.
Mark Jensen, Chief Executive Officer of American Resources Corporation commented, "The opportunity to continue the growth of our ReElement division is real and present given the demand for domestically produced battery and magnet grade materials. With the recent passing of the Inflation Reduction Act and the rapid adoption of electric vehicles the demand for such products is seeing rapid grow, and the versatility of our technology enables us to move quickly and cost effectively to provide a real solution. Beyond this facility, we are in numerous discussions on potential joint venture opportunities for customized, co-located facilities in both the United States and Europe. Given the minimal environmental and land footprint required of our process, we can efficiently expand our operations as the supply of end-of-life materials expands versus overbuilding and running inefficiently in the early years, but also expand rapidly in the out years as the market and feedstocks expand. Additionally, given our corporate structure, we have the ability to finance this project through non-dilutive sources at the ReElement level."
The Company has narrowed the site selection for this 200,000 square foot facility to one of two controlled properties. The first being Noblesville, Indiana which is approximately 40 acres of industrial-zoned land located less than 5 miles from its first commercial purification facility. The second location being considered is at a controlled property in West Virginia nearby the Company's existing site for premium mid vol carbon processing and electrolysis technology which will be deployed as part of the Company's previously announced tax-exempt bond issuance.
The facility will be initially constructed and expanded as the market for end-of-life magnets and battery material feedstock expands by adding additional magnet and battery purification capacity through its modular design. The annual capacity by 2025 is projected to exceed 95,000 tons of battery black mass or battery waste material (35,000 tons of high purity isolated battery elements) and 6,000 tons of rare earth magnet (2,000 tons of high purity isolated rare earth elements) processing capabilities.
ReElement Technologies sources end of life magnets and batteries that are further processed into an aqueous-based solution to be separated and purified back to magnet and battery grade materials so that they can be reused in the manufacturing of new batteries, magnets or other technologies. The Company's chromatography technology replaces the need for hydrometallurgical / solvent extraction in the separation and purification step in the metal recovery / recycling process. Furthermore, its patented process and technology is unique in that it can purify targeted materials to greater than 99.5% on an isolated or mixed basis, and enables the Company to have flexibility and versatility in what products and form we provide our customers.
On a certain level, I can’t say I blame the companies. The reality is is they need capital to create a business,
Like all of us they do what they believe is necessary to succeed.
Just keep your eye on the ever increasing Outstanding Shares… or backtrack OS on past Q’s and K’s.
Supposedly they were going to be tying up the loose paper (convertibles), but they have continued issuing more.
The hundred million share question is how long will it continue? A month or so ago when I bought and later sold my first shares I believe there were 611 million shares outstanding. Now there is 734 million.
Yeah… potentially pretty scary stuff.
I was just on the NASDAQ page looking at the information about KAVL. ..
Check out the Institutional holders:
https://www.nasdaq.com/market-activity/stocks/kavl/institutional-holdings
Total Institutional Shares :
Holders: 21
Number of shares: 1,220,351
Vanguard holds over 750,000 shares .... so I'm guessing they were not included in the shares bought and sold today.
Following big money seems like a pretty good idea.
Yeah, I think there are too many bright spots on the horizon to hold KAVL down much longer.
1. The Material details of the Phillip Morris worldwide distribution agreement
2. The 10Q is scheduled to come out in a little over two weeks. While it probably won't be stellar, they should be able to give some pretty reliable estimates for the current quarter and fiscal year.
3. Very few people own shares for less money than the current price. If public confidence grows toward the company's long-term success investors will be patient to bide their time. One would think KAVL would be impervious to inflation and recession. There are some things that people just won't live without.
Today the stock traded almost twice the outstanding shares today...AND ALMOST FOUR TIMES THE PUBLIC FLOAT.
With the volume of over 54 Million shares, the Volume Weighted Average Price was $1.57... so it seems to me that very few people own shares for less than the current price. AND... I would think the shorters were seeing that writing on the wall as well and will have to cover sooner and later.
Already traded 6.8 million pre-market…
Up 40 cents!!
Mansax… I think you’re spot on. The Philip Morris connection is going to open doors and windows that can’t help but increase the bottom line!
I spect anticipation of the next quarterly report will bring out some higher highs.
Plus, if the FDA green light turns on, I think all bets are off. Share price will precede revenue and profits because then it will just be a matter of time!
Agreed… my numbers were pretty much just relying on the met coal production.
I’ve heard the recycling margins are very healthy. By the time that’s factored in I think your numbers will be low.
The company continues to receive financing non-dilutive financing which should enable them to ramp up their mine development and production.
From my perspective it looks like the next few quarters will be spectacular.
I think I remember seeing a forecast that 2022 revenues were going to approach $200,000,000.
For that to happen their the next two quarters will have to be stellar.
If they are able to hit that target their run rate will have projections $4-500,000,000 for 2023.
Absolutely incredible.
NEWS American Resources Corporation Expands Non-Dilutive, Growth-Driven Credit Facility for Its American Carbon Division
* $15 million credit facility provides access to non-dilutive, growth capital to further expand revenues and cashflow
* Provides company operational and strategic flexibility to expand production and maximize margins that can be drawn upon at the discretion of management
FISHERS, IN / ACCESSWIRE / August 22, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that it, along with its wholly-owned subsidiary American Carbon LLC, has expanded a non-dilutive, traditional asset backed credit line of $15 million that can be drawn against for growth initiatives.
Kirk Taylor, Chief Financial Officer of American Resources Corporation commented, "We are excited to be able expand this non-dilutive capital source that can be drawn upon for additional growth initiatives at our American Carbon division. It is important for our business lines to be set up to run independently as we embark on our growth-driven initiatives at both American Carbon and ReElement Technologies, and these financing structures enable us to do this while also being opportunistic on our growth opportunities. Having this flexible capital in place also enables American Resources, as a whole, to opportunistically enact certain valuation creation initiatives that our specialty committee evaluates."
The expanded credit facility, with the Company's existing lender Maxus Capital Group, is a traditional equipment loan secured by certain equipment of the Company American Carbon division. The equipment loan allows the Company to draw up to $15 million and carries a 36-month term. Based on a full lease facility advance, it is anticipated the equipment loan will bear an effective initial interest rate of approximately 14.48% over the term of the loan. Furthermore, with separate financing facilities at both the ReElement Technologies and American Carbon subsidiaries, American Resources has further financial flexibility to execute on select value creation initiatives that the Company's recently announced special committee believes are beneficial.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.
https://www.accesswire.com/712976/American-Resources-Corporation-Expands-Non-Dilutive-Growth-Driven-Credit-Facility-for-Its-American-Carbon-Division
6:43a ET 8/17/2022 - Benzinga
HC Wainwright & Co. Maintains Buy on American Res, Raises Price Target to $4.5
Mentioned: AREC
HC Wainwright & Co. analyst Heiko Ihle maintains American Res (NASDAQ:AREC) with a Buy and raises the price target from $4.25 to $4.5.
Nov 2021HC Wainwright & Co.MaintainsBuy Aug 2021HC Wainwright & Co.MaintainsBuy May 2021HC Wainwright & Co.
Maintains Buy
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Today’s PR Hero Technologies (HENC) Assesses U.S. Markets to Drive Growth for Cannabis Business
DOVER, DE / ACCESSWIRE / August 16, 2022 / Hero Technologies (OTCQB:HENC; Twitter: @heroicmindtech), a cannabis company focused on a "seed-to-sale" vertical integration strategy, today announced that is has conducted a study of cannabis markets across the United States to assess prospects for future growth.
The company's subsidiary, BlackBox Systems and Technologies LLC, has a pre-qualification license approval in place to produce and market cannabis for both recreational and medicinal use in Michigan. As the company prepares to launch operations in Michigan, it is also looking for near-term and medium-term growth opportunities in other states.
Among states that have legalized both recreational and medicinal use of marijuana, the greatest near-term opportunities are in California, Massachusetts, Colorado, and Illinois. Illinois is not currently accepting cannabis license applications, but the state plans to make 50 new licenses available at the end of 2022. New York, Virginia, and New Jersey also currently have moratoriums on cannabis licenses, but New York and Virginia are still developing their regulatory schemes for adult-use licenses, and New Jersey gives local municipalities some leeway in determining licenses.
Other states where recreational and medicinal use of marijuana is legal, but which are not currently accepting new cannabis license applications, include Arizona, Connecticut, Nevada, Oregon, and Washington.
Among states that have legalized only medicinal use of marijuana, the greatest near-term opportunities are in Alabama, which will begin accepting cannabis license applications on September 1, 2022, and Oklahoma.
Other states where medicinal use of marijuana is legal, but which are not currently accepting new cannabis license applications, include Louisiana, Maryland, Minnesota, Missouri, Ohio, Pennsylvania, and Utah. In addition, North Carolina is actively considering legalization of cannabis for medicinal use, and Florida has decriminalized marijuana.
Gina Serkasevich, Hero Technologies' CEO, said, "As we push to establish and build our cannabis operations in Michigan for short-term growth, we are also keeping a strategic eye on the future for both near-term and medium-term opportunities. Our goal is to be a multi-state grower, processor, and marketer of cannabis products."
https://www.accesswire.com/711928/Hero-Technologies-HENC-Assesses-US-Markets-to-Drive-Growth-for-Cannabis-Business
American Resources Corporation Reports Second Quarter 2022 Financial Results and Provides Business Outlook
Record quarterly revenues of $16.2 million represents the best in Company's history with significant expansion opportunities over the balance of the year
Company boasts 78% quarter-over-quarter revenue growth; adjusted EBITDA for the 2Q 2022 of $11.5 million
The first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets
On track to commercially produce separated and high-purity battery elements from recycled lithium-based batteries in 4Q 2022
Company's patented chromatographic separation and purification process defining itself as the only complete recycling solution for all the critical and REEs in the EV powertrain
Company's carbon platform well positioned to capitalize on continued market strength and opportunities over the next several years
Record quarterly revenues of $16.2 million represents the best in Company's history with significant expansion opportunities over the balance of the year
Company boasts 78% quarter-over-quarter revenue growth; adjusted EBITDA for the 2Q 2022 of $11.5 million
The first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets
On track to commercially produce separated and high-purity battery elements from recycled lithium-based batteries in 4Q 2022
Company's patented chromatographic separation and purification process defining itself as the only complete recycling solution for all the critical and REEs in the EV powertrain
Company's carbon platform well positioned to capitalize on continued market strength and opportunities over the next several years
Company to host update conference call today at 4:30 PM ET
FISHERS, IN / ACCESSWIRE / August 15, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced financial results for the second quarter of 2022 and provided a corporate update. The Company will host a conference call and webcast, today, August 15, 2022, at 4:30 PM ET (details below).
Mark Jensen, Chairman and CEO of American Resources Corporation commented, "The second quarter of 2022 continued to showcase the steady progression of our carbon business resulting in 78% quarter-over-quarter revenue growth. Today, we continue to see the fruits of our investments and have our carbon platform in position to drive continued carbon production growth forward. We continue to see constrained supply throughout the industry and as a result, we find ourselves as one of the few sources of needed supply growth. Additionally, our newly rebranded ReElement Technologies ("ReElement") division recently achieved a major milestone of being the first domestic, commercial producer of isolated and high-purity rare-earth elements. While we are confident in our team, process and technology, our results from our first commercial runs exceeded our expectations by achieving greater than 99.5% pure neodymium, dysprosium and praseodymium. We fully believe our chromatography technology will reset the standard of how critical and rare earth elements are separated and purified around the world as well as providing the most efficient recycling solution for these critical raw materials. This is not only a huge accomplishment for our Company, but for our country and domestic supply chain as well. American Carbon and ReElement's unique positioning are a clear differentiator for our Company and we believe also provides a unique investment opportunity for our shareholders."
Second Quarter 2022 Key Highlights
ReElement Technologies
Secured the exclusive worldwide rights for a new provisional patent filed by the Company's technology and research partner, Purdue University, for the isolation and purification of battery-grade materials using multi-mode chromatography for all feedstocks
Joined the global Rare Earth Industry Association (REIA), an international non-profit organization representing the global rare earth element (REE) industry.
Rebranded American Rare Earth division as ReElement Technologies to better reflect its mandate of producing and supplying high-purity magnet and battery grade rare earth and critical elements to the domestic supply chain while also focusing on the sustainability of these raw materials.
American Carbon
Entered into a multi-year lease of its Deane Mining complex to a high quality, local, third-party operator named Bluegrass Resources which allows the Company to continue to capitalize on the current strong carbon environment by monetize noncore assets, help keep the community working and brings additional value to its shareholders.
Signed a carbon offtake agreement along with a non-dilutive financial commitment of $2.5 million with a long-standing customer and premier supplier of metallurgical carbon to the global steel and alloy metal marketplace, Integrity Coal Sales ("Integrity"), to start its Carnegie 2 mine.
Expanded its sales commitments for a portion of its specialty carbon stoker products by approximately 15,000 tons at a record average price realization in the mid $200 per ton.
Corporate
Signed a binding letter of intent to acquire all of the outstanding stock of Energy Technologies Inc. ("ETI"), a rare earth element and carbon technology company with a focus on analyzing and separating materials for the recovery and concentration of high-value products.
Announced that the special purpose acquisition vehicle the Company has sponsored, American Acquisition Opportunity Inc. (AMAO), successfully entered into a definitive agreement that will result in Royalty Management Corporation becoming a publicly listed company.
https://www.accesswire.com/712177/American-Resources-Corporation-Reports-Second-Quarter-2022-Financial-Results-and-Provides-Business-Outlook
Total Revenue
Q2’22
$16,199,204
Q2 ‘21
393,210
Six months ‘22
$25,279,828
Six months ‘21
$403,857
Net loss per common share - basic and diluted
$ Q2 ‘22
(.04)
$ Q2 ‘21
(.13)
$ Sixth months’22
(.08)
$Six months ‘21
(.26
)
Lots of moving parts still to come on line. Additional mines at the beginning of their useful life!
Railroad loading facility… potential Annual processing of 1 1/2 to 2 million tons of met-coal. We’re talking about 100’s of millions in annual revenue.
Crazy big numbers. And this is from just one of the mine complexes that is currently active.
NEWS! American Resources Corporation Commences Planning and Development on Next Two Metallurgical Carbon Mines
Mines have a low-cost of development and are capable of producing up to 45,000 tons per month
Company's McCoy Elkhorn complex has substantial embedded organic growth with its hub and spoke model, existing permits, 2 onsite carbon processing facilities and rail load out facility
FISHERS, IN / ACCESSWIRE / August 11, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that post the success of staffing and starting its Carnegie 2 mine, it has commenced planning and development on its next two carbon mines in Pike County, KY to supply its McCoy Elkhorn complex with additional low cost high quality metallurgical carbon for the global steel industry.
Tarlis Thompson, COO of American Resources commented, "Over the last 7 years we have acquired, restructured and repositioned our extensive asset base enabling our carbon platform to deliver substantial organic growth that require low capital investment. With over 40 existing mining permits, five processing and logistics hubs, substantial remaining mine life and a high margin profile, our platform is a unique source of growth within our industry. Our team has dedicated substantial time and energy over the years to fully restructuring and repositioning these complexes to substantially streamline the facilities, their operations and our corporate overhead to enable a low cost structure and sustainable jobs for the community. Today these assets are in a position to unlock the value and take advantage of the strong global demand for carbon over the next few decades. Having these assets in place positions our platform as one of the few that can organically expand production to feed the demand especially while older mines in our region are coming to end of life."
McCoy Elkhorn Complex was formerly a complex owned and ran by James River Coal as one of their premier facilities. The complex is one of the last high-quality, long-life mining facilities in the market and in the region. The hub and spoke facility is centered around two state of the art processing plants (800 tph and 500 tph) and a 110 car unit train rail load out facility and two fully approved and permitted impoundments that can process north of 6 million tons of carbon per year. Post the start of the next two mines, the Company will begin the planning of the next phase of organic growth from the McCoy Elkhorn complex. Internally, the Company is focused on organically expanding production to 1.5 million to 2 million tons per year.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.
Seems like some folks are pretty committed to moving this stock higher.
I’m not sure this is the best way to say it, but yesterday’s release acknowledges the use of funds entering AREC’s cashflow without using EBIDA generated funds.
AS I see it this should substantially grow AREC’s revinue growth and bottom line.
Read these opening paragraphs again!
“Use of proceeds will fund the expansion and technological improvements to the existing WCC processing facility as well as the new construction of the rare earth and critical element processing
“Creation of domestically sourced rare earth and critical elements for the electrification economy will meet the stated goals of current U.S. administration”
The numbers mentioned later in the press release are almost scary good:
“The Company's focus will initially be to bring the two new underground mines into production via a "walking super section" mine plan which will produce an estimated 55,000 tons of carbon per month, with further expansion potential as the mines are developed. American Resources will also look to upgrade and expand WCC's carbon processing plant's capacity, from its current 350 tons per hour rate, to approximately 700 ton per hour, while also incorporating the Company's innovative "capture" and "process" technology which will enable the facility to capture and process critical and rare earth elements from new carbon production and carbon-based waste sources to produce rare earth and critical element concentrates. The REE and CE concentrates produced will be transported to the Company's Indiana facility for further purification and isolation.
Let’s see 55k times approximately $200 a ton… would be $11 Million generated monthly income from just this mine complex.
When upgraded it will generate twice that amount… which comes out to an annual run rate of over $260 Million… again from just this mine complex.
AREC’s future seems to be getting pretty real!!
More Good News…. American Resources Corporation Receives Commitment of $4,900,000 in Federal Credits and Provides Update on West Virginia Tax Exempt Bond for Advanced Carbon, Rare Earth and Critical Element Processing
Federal commitment comes in the form of $4,900,000 in Federal New Markets Tax Credits (NMTC) for Wyoming County, West Virginia mining complex (WCC)
NMTC allocation will be combined with the previously announced $45 million Tax-Exempt Industrial Development Bonds from West Virginia
Use of proceeds will fund the expansion and technological improvements to the existing WCC processing facility as well as the new construction of the rare earth and critical element processing
Creation of domestically sourced rare earth and critical elements for the electrification economy will meet the stated goals of current U.S. administration
FISHERS, IN / ACCESSWIRE / August 9, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced in addition to its previously announced preliminarily approval for the issuance of, and a volume cap allocation for $45,000,000 of private activity, Solid Waste Disposal Facility Revenue Bonds, the Company has received an allocation commitment totaling $4,900,000 of federal New Markets Tax Credits for the Company's Wyoming County Coal complex located near the town of Oceana, West Virginia.
Kirk Taylor, Chief Financial Officer of American Resources Corporation commented, "We are excited to see the continued support of our innovative business model by both the federal and state governments. By securing additional patient and non-dilutive capital, we can focus on bringing new-age growth to the state of West Virginia that matches the needs of our modern and transitioning electrified economy. The integration of rare earth and critical element processing with premium carbon extraction is a first for the industry and enables us to showcase our full suite of patented technologies to better leverage the region's broader resource base. Our innovative approach allows us to produce both premium, mid vol carbon for steel and alloy metal production while capturing and processing critical and rare earth concentrates resulting in a more environmentally-safe refuse. We believe our WCC complex will help usher in the next generation of natural resource capabilities to the region, its workforce and communities while also helping fuel our domestic demand for rare earth and critical elements."
Created in 2000 the New Markets Tax Credit Program is administered by the US Department of Treasury through the Community Development Financial Institutions Fund. The program has supported over 1,254 allocations in its 16-year history and allows for patient and adaptive capital to flow to underserved communities. It is expected that the net benefit to WCC will be $1,500,000 with a closing concurrent to or after the closing of the Tax-Exempt Industrial Development Bonds.
On December 16, 2021, the West Virginia Economic Development Authority approved a resolution preliminarily approving the issuance of up to $45,000,000 of Tax-Exempt Solid Waste Disposal Facility Revenue Bonds, Series 2022 on behalf of the Company's wholly-owned subsidiary, Wyoming County Coal LLC. The Company is progressing on the issuance of such bonds with its recently transferred underwriter Hilltop Securities. The Company expects the $45 million Tax-Exempt Industrial Development Bonds from West Virginia and the NTMC to close within the next 90 days.
The WCC complex is strategically located within one of the last substantial mid-volatile metallurgical carbon deposits and, with direct access to the Norfolk Southern Railway, provides favorable transportation logistics to the United States' east coast ports. Additionally, WCC is surrounded by a number of high-value metallurgical carbon reserves and remining sites that would otherwise be considered "stranded" without access to the WCC processing and logistics complex. The Company's focus will initially be to bring the two new underground mines into production via a "walking super section" mine plan which will produce an estimated 55,000 tons of carbon per month, with further expansion potential as the mines are developed. American Resources will also look to upgrade and expand WCC's carbon processing plant's capacity, from its current 350 tons per hour rate, to approximately 700 ton per hour, while also incorporating the Company's innovative "capture" and "process" technology which will enable the facility to capture and process critical and rare earth elements from new carbon production and carbon-based waste sources to produce rare earth and critical element concentrates. The REE and CE concentrates produced will be transported to the Company's Indiana facility for further purification and isolation.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.
https://www.accesswire.com/711370/American-Resources-Corporation-Receives-Commitment-of-4900000-in-Federal-Credits-and-Provides-Update-on-West-Virginia-Tax-Exempt-Bond-for-Advanced-Carbon-Rare-Earth-and-Critical-Element-Processing
Seems the market is looking forward to AREC’s next quarterly release!!
High of $2.55…. So far.
I also agree that there’s good indication that we’re in a major revenue growth phase.
With met-coal priced over $250 per ton it shouldn’t take long to reach profitability.
Agreed.
I’m thinking that’s probably venture capital “shareholders” being referred to.