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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.
SPYR has been trading somewhere between ho hum to discouraging for the last while. Today there was some more aggressive buying and the price moved up a little.
I’ve given up prognosticating what anything anything might mean anymore.
Guess we’ll just have to wait and see.
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
Solid Up Day! 20 cents 10% gain on 555k shares. We’ll have to see whether we can hold above $2.00
Clearly another link in the chain!
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
Thanks… I clicked on that earlier and it didn’t go through. Lots of info. :)
Thanks... that helped.
Randy
Somewhat of a newbie here...
Where is the best place to find out information about the exercise price and expiration date of warrants?
Thanks.
Yeah it’s hard to say what’s happening.
It seems to me that a fair amount of liquidity (shares) has been added into the market. So far as I know, we’ve never seen this much volume before.
Hopefully, the old adage volume before price will prove true for SPYR as well. Who knows, maybe we’ll see a SIRC-like run in the next while.
Link to today’s News Release
https://www.otcmarkets.com/stock/SPYR/news/SPYR-Technologies-Retains-Integrity-Media-for-Investor-Relations-and-Corporate-Communication?id=362666
SPYR Technologies Retains Integrity Media for Investor Relations and Corporate Communication
Press Release | 06/27/2022
Veteran Agency Also to Assist in Communicating SPYR’s GeoTraq Roll-Out
THE WOODLANDS, Texas, June 27, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – SPYR Technologies (OTCQB: SPYR) (“SPYR” or the “Company”), a diversified technology company developing products leveraging the Internet of Things (Iot) for large scale applications and industries, is pleased to announce that the Company has retained veteran agency Integrity Media to manage its Investor Relations and Corporate Communication.
Integrity Media has over two decades working in public markets in the U.S. and Canada and is led by its Founder & President, Kurt Divich. One of the premier financial copywriters in the industry, Divich is twice published in fiction and non-fiction with a third commissioned work in progress. Mr. Divich has consulted and provided Investor Relations services to public companies ranging from industry leaders and American icons like Smith & Wesson to potentially market disruptive, emerging equities like SPYR Technologies.
“Integrity Media is a well-established and respected Investor Relations firm with a reputation for consistent and clearly written communication and for their efforts in advocating for investors,” stated Tim Matula, CEO and President, SPYR Technologies. “In our conversations with Mr. Divich about representing SPYR he was adamant as to a public company’s obligation to be transparent with its shareholders and to provide a consistent and expeditious system to address concerns or ideas as they emerge from the shareholder base.”
“We are eager to have Integrity Media telling our story to the market and the media, especially given our exciting acquisition of GeoTraq which we firmly believe will be a game changer for the Company,” added Matula. “In our estimation, Integrity Media is the right firm to help us celebrate our successes and to keep an active dialogue with our valued investors as we take this important step in developing the massive potential we see in GeoTraq.”
“I’m excited to join the team at SPYR and to immediately begin a process to develop a long-term press release calendar,” stated Divich. “I’ve been following SPYR for quite some time and I am excited to be their voice as they roll-out GeoTraq and its array of possibilities.”
“Mr. Matula and the team behind GeoTraq and I have had hours of conversations about the many possibilities for GeoTraq,” added Divich. “I’ll do my level best to keep everyone apprised of events as they manifest for GeoTraq, any observations as to the future, and any challenges we may encounter.”
Huge Volume!! Mostly Green... buys on the Ask.
https://ih.advfn.com/stock-market/USOTC/spyr-qb-SPYR/trades
Who knows... but I think this bodes quite
well for next week.
I appreciate this quotation from CEO Douglas Baum:
“Given highly challenging market conditions, in particular for small-cap biotechnology companies, we made the prudent decision in May to suspend our planned equity raise and NASDAQ uplisting. We did not believe the valuation we would have received at this time reflects the real intrinsic value of our technology and market opportunity. We are committed to bringing CycloSam® to market, and this will require additional capital; but we are also committed to raising such capital in a manner that limits dilution and provides a clear path to increasing shareholder value.
In line with this, management has agreed to defer over 50% of the cash component of our salaries so that our current capital and that which we raise in the short-term can primarily be used to advance our clinical trial and provide data that supports our strong belief that CycloSam® can have a meaningful impact on children and adults suffering from bone cancer,” added Baum.
From what I can tell Bolin was bought out when the merger took place and the table below shows that Chris Nelson owns 5.7%. Hardly a control position. Seems to me he's hitched his wagon to those whom he believes will be successful in the future.
From the last 10-K Dated (February 24, 2022)
Shares Beneficially
owned(1) Percent of Class Beneficially Owned(7)
C. Richard Piazza 10,156,300 (2) 15.3%
Douglas Baum 10,183,050 (3) 15.3%
Christopher Nelson. 3,761,607 (4) 5.7%
Joel Mayersohn 935,456 (5) 1.4%
Charles J. Link, Jr. 2,911,443 (6) 4.4%
Adriann Sax - -
Adam King - -
All Officers and Directors (as a group, 7 persons)
27,947,856 42.0%
The most recent 10Q was filed on May 16, 2022 reflects the last Reflects the March 10, 2022 40:1 Reverse... and now shows the outstanding shares to be 1.7 Million with 302K in the float. The percentages will remain the same and the number of shares will be reduced by a factor of 40:1.
C. Richard Piazza 253,908 (2) 15.3%
Douglas Baum 253,908 (3) 15.3%
Christopher Nelson. 94,040 (4) 5.7%
Joel Mayersohn 23,386 (5) 1.4%
Charles J. Link, Jr. 72,786 (6) 4.4%
Adriann Sax - -
Adam King - -
All Officers and Directors (as a group, 7 persons)
698,696 42.0%
I was mistaken.
I just noticed Chris Nelson is listed as Company Attorney.
Maybe someone else had overtaken the role of CFO.
I’m pretty sure there was an 8-K in the last month or two stating that the company has a new CFO… and that Nelson is no longer with the company. I’ll see if I can find it.
I’ve been watching and even advocating for this company for a while.
Your criticism of the company is only partly accurate… I understand that you and Chuck and other investors lost money with Chris Nelson and Kevin Bolin at the helm. Did they intentionally try to make the company fail? I doubt it.
What you don’t seem to have noticed is that both Bolin and Nelson are no longer with the company. Bolin was never a part of the reorganized company and Chris Nelson stayed on for just a year or so after the company was acquired by new management.
QSAM is a completely different entity than it has been before. Have you checked out their web page?
https://qsambio.com/#about
Check out the projects and potential they have:
https://ir.qsambio.com/
Have you read the bios of the folks involved?
https://ir.qsambio.com/company-information/management-team
These guys have successfully done this before. Have they reversed the previous shareholders to minimal levels? Sure. Did that affect me? Obviously. But that has undoubtedly affected Bolin and Nelson as well. You’ll probably enjoy knowing that at least a little.
My perspective might be simplistic, but the future success of the company is another matter. As an entity it is now making decisions that will hopefully allow those involved to bring a new drug to market AND hopefully provide a sizable return to those who have funded the venture…. the venture capitalists.
Proof of this, management‘s recent decision to walk away from a poorly structured VC offer. They didn’t like the terms even though it would have allowed them to uplist to NASDAQ. From what I can gather, they expect good outcomes from their drug trials and they will then be in a stronger negotiating position.
At this point, the only way for the investing public to participate in QSAM’s potential future success is to purchase shares in the open market… or possibly participate in some future share offering of it becomes available to the public.
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.
Also found in SPYR’s most recent 8-K
https://ih.advfn.com/stock-market/USOTC/spyr-qb-SPYR/stock-news/88234771/current-report-filing-8-k
In the press release from JAN One:
https://www.otcmarkets.com/stock/JAN/news/story?e&id=2228510
NEWS
JanOne Sells GeoTraq to SPYR Technologies in a $13.5 Million Transaction
Sale of GeoTraq allows JanOne to focus on core business strategy
LAS VEGAS, May 31, 2022 /PRNewswire/ -- JanOne Inc. (Nasdaq: JAN), announced today that it has sold substantially all of the assets, and none of the liabilities, of GeoTraq Inc. ("GeoTraq"), its wholly-owned subsidiary, to SPYR Technologies Inc. ("SPYR").
"We believe this transaction further allows us to focus on our main business," said Tony Isaac CEO of JanOne. "Right now, our priority is the development of drugs with non-addictive, pain-relieving properties, specifically JAN101 (formerly known as TV1001SR), which is a potential treatment for peripheral artery disease (PAD). This sale of our subsidiary will help us continue to fund the necessary clinical trials for JAN101."
Pursuant to the Asset Purchase Agreement, the aggregate purchase price for GeoTraq was $13.5 million, payable in cash and shares of SPYR's common stock. At closing, SPYR issued to JanOne 30,000,000 shares of its common stock and delivered to JanOne a five-year Promissory Note in the initial principal amount of $12.6 million. The Promissory Note bears simple interest at the rate of 8% per annum and provides quarterly interest payments in arrears, which may be prepaid at any time without penalty.
I would say this is past tense.
“At closing, SPYR issued 30M shares and delivered to JAN a 5-year promissory note in initial principal amount of $12.6M.”
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.
Exactly… company seems to be casting a power wide net… product is supposed to be ready for rollout Q1 of 2023.
Seems to me, this can only be a plus to SPYR and the shareholders.
Time will tell.
SPYR, Inc.
THE WOODLANDS, Texas, May 31, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- SPYR Technologies [OTCQB: SPYR] (“SPYR” or the “Company”), a technology-focused holding company emphasizing the Internet of Things (“IoT”), announced today its entry into a material definitive agreement to acquire GeoTraq, Inc. from NASDAQ traded JanOne Inc. (NASDAQ: JAN).
GeoTraq develops and manufactures entirely self-contained and ultra-small Mobile IoT (Internet of Things) modules for asset tracking, location-based services, and sensor modules for remote monitoring. The modules are plug-and-play and include turnkey connectivity to cloud services via GeoTraq's proprietary cloud-based “WebTraq” platform. GeoTraq's mission is to provide “Simple IoT” at a low cost, with ease of deployment, ease of use, and plug-and-play functionality with no product development required of the customer.
“Mobile IoT” refers to managed IoT “Low Power Wide Area Networks” (LPWAN) in a licensed spectrum. IoT manufacturers are quickly embracing cellular connectivity, given its ability to deliver a secure, real-time device-to-cloud connection needed for remote monitoring, control, or management. This low-power, wide-area network capability is ideal for widely adopted consumer products, such as smartwatches, wearables, and asset trackers, as well as industrial and infrastructure applications, such as gas, water and electric metering, machine monitoring, factory automation, supply chain and logistics oversight.
GeoTraq’s new Mobile IoT modules are small, consume very low power, possess long battery life and global LPWAN connectivity. With their self-contained form factor, GeoTraq’s modules eliminate the hassle and cost of designing and building a printed circuit board for mounting. The GeoTraq modules work right out of the box by simply attaching a battery and antenna and activating the device on GeoTraq's WebTraq cloud platform.
The GeoTraq modules achieve very accurate indoor and outdoor positioning capability using only the LTE radio (no GPS or GNSS required) by cellular tower triangulation. The cellular chipset provides unique global coverage and is certified by operators worldwide. Engineered to enhance the capabilities of power saving mode and extended discontinuous reception, the GeoTraq Mobile IoT modules provide the valuable long battery life needed by many IoT use cases essential for the billions of devices, objects and machines across an increasingly connected world. GeoTraq Mobile IoT proprietary monitoring allows customers to designate adjustable triggers that generate customer-specific information used to track assets beyond just location – to virtually everything from monitoring the temperature of frozen products during shipment, to the amount of propane in a tank vessel, to the detection of humidity in a dry storage facility. The uses are endless.
Chris Chammas, Project Engineer of Geotraq, stated, “We are pleased to be joining the SPYR team and look forward to deploying our products world-wide. We have positioned our products and related services as a low cost way to track assets worldwide along with many associated special features.”
Tim Matula, CEO of SPYR Technologies, stated, “GeoTraq has built a product that can be used in multiple ways, not just tracking. Sensors can be added to provide the customer with additional data points such as temperature and motion along with other sensor driven data. We are very excited with this acquisition and look forward to continuing to build our company. Upon completion of this acquisition, SPYR will have two subsidiaries, Applied Magix and GeoTraq.”
GeoTraq’s initial product offerings are in the later stages of development and testing and will be available for deployment in Q1 of 2023.
Learn more about SPYR at https://ir.spyr.com/.
Learn more about GeoTraq by visiting the company’s website at www.geotraq.com.
Learn more about Applied Magix by visiting the company’s website at https://AppliedMagix.com.
About SPYR Technologies
SPYR Technologies (SPYR) is a technology focused holding company which, through its subsidiary Applied Magix Inc., develops and resells Apple® ecosystem compatible products, with an emphasis on the growing multibillion-dollar IoT smart home and connected car markets. SPYR continues to identify and target acquisitions that will grow its footprint in the industry and expand the products it offers consumers, including companies developing artificial intelligence (AI) and smart technology products.
About Applied Magix
Applied Magix, Inc. develops and resells Apple® ecosystem compatible products in the growing multibillion-dollar IoT smart home and connected car markets.
About GeoTraq
We have a vision for a simple, smart, connected world. We empower that vision through our self-contained, fully integrated, Mobile IoT modules. Our modules are designed with a small plug and play form factor for easy attachment of antenna, battery, and sensors. Combined with low-cost connectivity, GeoTraq creates real return on investment for all customers.
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law. Investor Contact: (303) 991-8000 ir@spyr.com
Company Name: SPYR Inc, dba SPYR Technologies
Address: 6700 Woodlands Parkway, Ste 230 #331
The Woodlands, TX 77382
Email Address: ir@spyr.com
Public Relations Contact: ir@spyr.com
Email address: ir@spyr.com
Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
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
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
More possible directions for SPYR to go.
Let’s review:
They opened Marketing Channels for home security products: cameras, sensors, and such.
To these channels they developed products for Apple’s Car Play format and eventually intend to develop and release products Apple’s Smart Home segment.
After whetting our appetite for the possibilities in 2022 they signed on a number of technology gurus or influencers to their Technology Advisory Board:
Siobhán Ellis
Michael Teitelbaum
And Fred Tio.
What direction are we going? That’s a question that mark gains to be answered. All of the possibilities mentioned are technology related… some even a ways out their.
Here’s a list of what might be and could be:
MOBILE VIRTUAL NETWORK OPERATORS
AI — ARTIFICIAL INTELLIGENCE APPLICATIONS IN INTERNET-OF-THINGS
INTELLECTUAL PROPERTY RIGHTS
Today’s release… LED TECHNOLOGIES
I’ve probably overlooked something. Feel free to add suggestions and I’ll edit and repost.
SPYR Technologies’ Applied Magix Considers Expanding Into LED Smart Home Lighting Products
THE WOODLANDS, Texas, May 03, 2022 (GLOBE NEWSWIRE) -- via InvestorWire – SPYR Technologies (“SPYR”), a technology company whose subsidiary, Applied Magix, Inc., develops and resells Apple® ecosystem compatible products in the growing multibillion-dollar smart home and connected car markets, investigates adding to its regular slate of HomeKit smart home products with the MagixLux LED lighting line of HomeKit smart LED lighting products.
“The items that we mostly take for granted, and which have the most impact in our smart homes, are, quite simply, the light bulbs. Many people just assume that lights will turn on when they flip the light switch, but few consider how much smarter your lighting can be," said Applied Magix CEO Dr. Harald Zink. “There are a number of good LED lightning products already on the market - many of which we recommend - but I felt that we can round out our product line by offering HomeKit compliant LED lighting bulbs and atmosphere-enhancing LED light strips to complement the various HomeKit sensors we are already offering.”
“While ‘light bulbs’ doesn’t sound very exciting at first, these are the sort of products that can complement existing orders and help to fill up our customers’ shopping carts,” states Tim Matula, chief executive officer of SPYR Technologies. “As such, Harry and Team Magix are searching to find just the right manufacturer to add to our roster of HomeKit compatible vendors and I look forward to an ever-growing products line, once the search narrows down finalists.”
These products are currently only in consideration, and Applied Magix doesn’t discuss future products or services, even really exciting ones, but keep checking SPYR and Applied Magix’s websites and press releases for news about developments and products.
Learn more about Applied Magix by visiting the company’s website at https://AppliedMagix.com.
Investors can learn more about SPYR at https://ir.spyr.com/.
https://ir.spyr.com/press-releases/2022/spyr-technologies-applied-magix-considers-expanding-into-led-smart-home-lighting-products
Will SPYR Technologies Close Any of these "Future Aquisitions?" Time will tell.
All these "writing on the wall" releases are either building up to some kind of crescendo... or they're a waste of paper and effort.
Ironically, each time they put out releases of this nature... they include the following disclaimer:
"Applied Magix does not discuss future products or details of future acquisitions, and these considerations are currently of a speculative nature. Should any of these possibilities take on a more solid form, detailed press releases will be issued at such time. Keep an eye on the respective websites for SPYR Technologies and Applied Magix for more news and announcements."
They may not talk about their specific plans, hopes, and dreams, but they certainly seem to point the readers and followers in a certain direction.
And what is that direction? I think it's fairly clear that they have aspirations of becoming something more and bigger than they are.
Will they be able to accomplish what they are obviously intending? That is the principal question. This is why the company's stock is currently trading around a nickel.
If the company was on life support and almost going out of business... as in no one believes they're going to be able to accomplish what they intend... I think the stock would be worth less.
However, if and when it becomes likely that Spyr, Inc. (and AppliedMagix) will become a successful company the shares will reflect this expectation as well. By that time I think the shares could easily be trading between 25 and 50 cents. Hence why people buy, sell, and trade penny stocks.
For now, I guess we'll have to wait and see and continue hoping that they will be able to eventually close an acquisition or two. It should help that SPYR, Inc., is up to date on its filings and audited financials. But we shall see.
SPYR Technologies’ Applied Magix Exploring Intellectual Property Acquisition Targets
SPYR, Inc.
THE WOODLANDS, Texas, April 28, 2022 (GLOBE NEWSWIRE) -- via InvestorWire - SPYR Technologies (“SPYR” or the “Company”), a technology company whose subsidiary, Applied Magix, Inc., develops and resells Apple® ecosystem compatible products in the growing multibillion-dollar smart home and connected car markets, is investigating possible acquisition targets to add essential intellectual property (IP) to its line of products, as well as new product lines.
“I’m always looking for new and innovative technologies, and as a result have come across several potentially awesome IP targets that might be worth acquiring,” said Applied Magix CEO Dr. Harald Zink. “Some of these are AI-based and would complement and expand some of our existing product lines really well. Others represent some significantly innovative technologies that could be at the core of new product lines.”
“In the tech business it is always important to stay at the forefront of the industry, and preferably several steps ahead. This is what Harry and Applied Magix are doing, and I am fascinated at some of the technologies that he finds,” states Tim Matula, chief executive officer of SPYR Technologies. “These are exactly the sort of technologies that could be complementary to Applied Magix’ products, while at the same time potentially bringing in new revenue streams based on these new technologies.”
Applied Magix does not discuss future products, or details of future acquisitions, and these considerations are currently of a speculative nature. Should any of these possibilities take on a more solid form, detailed press releases will be issued at such time. Keep an eye on the respective websites for SPYR Technologies and Applied Magix for more news and announcements.
Learn more about Applied Magix by visiting the company’s website at https://AppliedMagix.com.
Investors can learn more about SPYR at https://ir.spyr.com/.
About SPYR Technologies
SPYR Technologies (SPYR) is a technology company which, through its subsidiary Applied Magix Inc., develops and resells Apple® ecosystem compatible products, with an emphasis on the growing multibillion-dollar IoT smart home and connected car markets. SPYR continues to identify and target acquisitions that will grow its footprint in the industry and expand the products it offers consumers, including companies developing artificial intelligence (AI) and smart technology products.
About Applied Magix
Applied Magix, Inc. develops and resells Apple® ecosystem compatible products in the growing multibillion-dollar IoT smart home and connected car markets.
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law. Investor Contact: (303) 991-8000 ir@spyr.com
Company Name: SPYR Inc, dba SPYR Technologies
Address: 6700 Woodlands Parkway, Ste 230 #331
The Woodlands, TX 77382
Email Address: ir@spyr.com
Public Relations Contact: ir@spyr.com
Email address: ir@spyr.com
Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
https://ir.spyr.com/press-releases/2022/spyr-technologies-applied-magix-exploring-intellectual-property-acquisition-targets
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
Hey big brother. The company is doing great but from what I’ve gathered they’ve had a tough time getting themselves DTC eligible.
As you probably know a year or two ago the SEC really tightened down on the filing requirements for start up companies and so forth. Companies like House Of Jane read the chart new waters and figure out how to meet the new criteria.
Hey Capt. Is there a free website where that information is available?
I noticed that the OTCMarkets.com website, also reported that the company was under promotion.
Bit of a buying flurry just before the close.
Three transactions for 71600 shares in the last 21 seconds. A little unusual. Guess we'll see tomorrow if there was a reason for it.
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