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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
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Topic: Mergers and Acquisitions
American Resources Corporation
American Resources Corporation
Energy Technology Inc. is widely recognized by DOE and industry participants for its analyzing equipment capabilities
Advanced separation and analyzation capabilities add enhanced efficiencies to the Company's processing of critical and REEs
Existing team will join the American Resources team and continue to drive the acquired business forward under the Company umbrella
FISHERS, IN / ACCESSWIRE / April 7, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that has signed a binding letter of intent to acquire all of the outstanding stock of Energy Technologies Inc. ("ETI"), a rare earth element and carbon technology company with a focus on analyzing and separating materials for the recovery and concentration of high-value products.
Mark Jensen, CEO of American Resources Corporation commented, "We have had the luxury of working with the Energy Technologies team, led by David Swindell, for the past several years. Most recently, we've been part of a U.S. Department of Energy Federal Demonstration Partnership award, led by ETI, for the analyzing and sorting of mineral-rich resource feedstock in a support role. As part of this previously announced program, we had the opportunity to better understand ETI's capabilities and the quality of their technology, and also came away with a very high regard for David and his team. We couldn't be happier to have them join the American Resources team and help continue to drive our innovation in the rare earth and battery metals space. As we continue to expand our footprint of feedstocks, we believe the addition of their patented technologies will highly complement our leading suite of IP with regards to capturing, processing and purifying critical and rare earth elements in the lowest cost and environmentally safe methods."
Jensen added, "The first mile of extraction, or capturing, rare earth and battery metal concentrates from any feedstock is key to being economical. What we've seen in the latest technology implemented by ETI is a game-changer, given it can analyze and separate rare earth and battery metals feedstocks in real time and in a very low-cost method at the initial point of extraction. In the latest project, we have seen ETI's technology increase the concentration of targeted material by approximately 5x right at the initial collection point. This added efficiency results in less time, energy, labor, chemicals and wear and tear on the overall process. Being able to take a lower concentrated reserve and increase the concentration five-fold using this technology is a huge savings and is the key to making carbon-based feedstocks in the rare earth space economically viable."
David Swindell, CEO of Energy Technologies Inc. commented, "Having worked in and around the team at American Resources and American Rare Earth, I have been able to understand their innovative culture and ability to be forward thinking within the infrastructure and rare earth and critical elements industry. The ability to join the team and have access to their internal resources and capabilities, in combination with our patented technologies and existing customer base, we believe will maximize the shareholder value of the combined organization."
ETI was founded in 1994 in Oak Ridge, Tennessee. Formerly a division of SAIC. ETI initially focused on the coal industry, providing nuclear analysis equipment and technical support to mines, coal handling facilities, and power plants to allow these operations to selectively concentrate their feedstock. ETI is currently headquartered in Maryville, Tennessee where it has expanded into other fields, such as cement production, biomass processing, and other elemental separation and processing. ETI designs, builds, and tests all of its products in its Maryville facility, and installs and maintains this equipment worldwide. ETI analyzers are currently installed in North America, Europe, Asia, and Australia. ETI's services include custom design & applications, turn-key installation, calibration, maintenance, and radioactive material handling and training.
ETI realized several years ago that its patented technologies are highly applicable in other fields of elemental analysis and separation, with proven success in the concentration of critical and rare earth element extraction. With the expected growth in electrifications and clean tech, and by partnering with American Resources Corporation and its subsidiary, American Rare Earth, ETI has the unique ability to accelerate the deployment of its technology in the critical mineral and rare earth element industries.
Key highlights of ETI include:
Three patented technologies in elemental selection and analysis, with additional patents in desgn and in process;
Participated in Department of Energy or government sponsored projects;
Consistent company profitability;
Over 441 Dual-Gamma Analyzers, 79 elemental analyzers and 223 process control analyzers installed worldwide to date; and
Technology focused on clean energy initiatives, infrastructure operating efficiency and rare earth and battery metals extraction efficiency.
The acquisition of ETI by American Resources will be completed using a combination of cash and stock in American Resources Corporation. It is anticipated that the team at ETI will continue in their current roles to help continue to grow the business, while each ETI, American Resources, and American Rare Earth leverage the operations, assets, and talent of the other respective businesses to propel future innovation and growth.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.
About Energy Technologies, Inc.
Energy Technologies Inc. (ETI) was founded in 1994 in Oak Ridge, Tennessee. Formerly a division of SAIC, ETI initially focused on the coal industry, providing nuclear analysis equipment and technical support to mines, coal handling facilities, and power plants. ETI is currently headquartered in Maryville, Tennessee where it has expanded into the fields of cement production, biomass processing, and rare-earth element extraction.
ETI designs, builds, and tests all of its products in its Maryville facility, and installs and maintains this equipment worldwide. ETI analyzers are currently installed in North America, Europe, Asia, and Australia, with support provided through both on-site visits and secure connections to the running equipment. ETI's services include custom design & applications, turn-key installation, calibration, maintenance, and radioactive material handling and training.
Products offered by ETI included the following patented devices:
Full Stream Elemental Analyzer
The ETI Model 730 Full Stream Elemental Analyzer combines a Prompt Gamma Neutron Activation Analyzer (PGNAA) and a Density/Ash/Moisture gauge for measuring the full elemental and moisture percentages of various materials including coal, cement products, minerals, and wood products as they are transported on a conveyor.
Nuclear Belt Scale
The Model 500 Nuclear Belt Scale /Density Meter measures the weight of bulk material as it travels on a conveyor belt.
Dual-Gamma Ash Analyzer
The Model DGA-410 /DGA-410M Dual-Gamma Ash Analyzer (Ashmeter) is a registered nuclear gauging device for measuring ash content, weight, and optionally, moisture content of bulk materials.
Process Analyzer
The Model 600 Process Analyzer is a registered microwave/nuclear gauging device for measuring ash, weight, and moisture content of bulk materials.
High Speed Sort Gate
The Model 2000 High Speed Sort Gate is a rugged gate assembly for separating materials based on quality. The gate works in conjunction with ETI's Dual-Gamma Analyzer or Process Control Analyzer, and is automatically controlled based on the analyzer measurements taken vs. the set-points controlled by the operator. Manual controls are also supplied.
For more information visit www.energytechinc.com
About American Resources Corporation
American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.
American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.
Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
matt@precisionpr.co
Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com
RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
Info@redchip.com
Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com
SOURCE: American Resources Corporation
Encouraging Release. I’m looking forward to the eventual releases that will reflect the delivered carbon and revenue! 2023 should be a great year for AREC!
NEWS! American Resources Corporation Increases Specialty Carbon Order Book at Record Prices
Monday[img][/img[/American Resources Corporation Increases Specialty Carbon Order Book at Record Prices
Monday, April 4, 2022 8:00 AM
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Topic: Company Update
American Resources Corporation
American Resources Corporation
New purchase order for specialty carbon will be shipped into the international marketplace for specialty fabrication and alloy metal production
Company's expanded carbon production for Q2 2022 is providing customers with needed supply growth while realizing record prices from its facilities for specialty stoker carbon
FISHERS, IN / ACCESSWIRE / April 4, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that it has expanded its sales commitments for a portion of its specialty carbon stoker products for the second quarter of 2022 by approximately 15,000 tons at a record average price realization in the mid $200 per ton.
Tom Sauve, President of American Resources Corporation commented, "Our ability to secure this business for the specialty carbon markets is a testament to the quality of our operations and efforts of our team to identify top-quality assets and position the Company to be the strongest producer in our region. We are continuing to ramp up production at an attractive time to capitalize on the strength in the steel making and specialty carbon markets. During recent customer visits, we were able to showcase the restructuring of our mining complex's which have positioned us to provide strong and growing production, highly specific processing capabilities and inventory, giving them comfort of our ability to deliver for them and at the same time, deliver for our shareholders. To our knowledge, this is the highest price of carbon that has ever been sold from our facilities."
Specialty stoker is a specific sized carbon product that is processed to a very low ash content for a variety of commercial uses. American Resources' specialty carbon stoker, given its specific properties, is expected to meet the demand of the global silicon, ferrosilicon and microsilica marketplace for various industrial and technological applications. This specialized stoker product is able to be produced from either of the Company's Perry County Resources or McCoy Elkhorn operations in eastern Kentucky due to the quality of carbon produced and the capabilities of their processing facilities.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.
About American Resources Corporation
American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.
American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.
Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
matt@precisionpr.co
Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com
RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
Info@redchip.com
Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com
SOURCE: American Resources Corporation]April 4, 2022 8:00
New purchase order for specialty carbon will be shipped into the international marketplace for specialty fabrication and alloy metal production
Company's expanded carbon production for Q2 2022 is providing customers with needed supply growth while realizing record prices from its facilities for specialty stoker carbon
FISHERS, IN / ACCESSWIRE / April 4, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that it has expanded its sales commitments for a portion of its specialty carbon stoker products for the second quarter of 2022 by approximately 15,000 tons at a record average price realization in the mid $200 per ton.
Tom Sauve, President of American Resources Corporation commented, "Our ability to secure this business for the specialty carbon markets is a testament to the quality of our operations and efforts of our team to identify top-quality assets and position the Company to be the strongest producer in our region. We are continuing to ramp up production at an attractive time to capitalize on the strength in the steel making and specialty carbon markets. During recent customer visits, we were able to showcase the restructuring of our mining complex's which have positioned us to provide strong and growing production, highly specific processing capabilities and inventory, giving them comfort of our ability to deliver for them and at the same time, deliver for our shareholders. To our knowledge, this is the highest price of carbon that has ever been sold from our facilities."
Specialty stoker is a specific sized carbon product that is processed to a very low ash content for a variety of commercial uses. American Resources' specialty carbon stoker, given its specific properties, is expected to meet the demand of the global silicon, ferrosilicon and microsilica marketplace for various industrial and technological applications. This specialized stoker product is able to be produced from either of the Company's Perry County Resources or McCoy Elkhorn operations in eastern Kentucky due to the quality of carbon produced and the capabilities of their processing facilities.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.
About American Resources Corporation
American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.
American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.
Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
matt@precisionpr.co
Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com
RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
Info@redchip.com
Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com
SOURCE: American Resources Corporation
Thanks. Good info!
NEWS... SPYR Technologies’ Applied Magix Introduces Limited Time Special Pricing and Expands Airing Schedule of Its Successful MagixDrive Commercial
GLOBENEWSWIRE 9:00 AM ET 3/24/2022
Symbol Last Price Change SPYR 0.04up +0.0009 (+2.30179%)
QUOTES AS OF 09:57:03 AM ET 03/24/2022
THE WOODLANDS, Texas, March 24, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- SPYR, Inc.(SPYR), dba SPYR Technologies (https://spyr.com/) (“SPYR” or the “Company”), a technology company whose subsidiary, Applied Magix, Inc., develops and resells Apple® ecosystem compatible products in the growing multibillion-dollar IoT smart home and connected car markets, introduces Limited-Time Special Pricing of $99.99 for MagixDrive (stand-alone) and expands the airing schedule of its MagixDrive national commercial. The new set of airings will greatly extend the reach and visibility of MagixDrive, the Company’s flagship wireless CarPlay device and the first branded product from SPYR Technologies’ wholly-owned subsidiary Applied Magix.
“It was very satisfying to see the public respond positively to our first commercials, but we felt we could do more to bring MagixDrive to more of our customers – so, we decided to go with less cost with an exclusive limited special pricing offer,” said Applied Magix CEO Dr. Harald Zink. “We were quite pleased with the results from the first wave of our commercial’s broadcast, and with our new Limited Time Discount we hope to bring MagixDrive as a stand-alone product into many more cars across the nation.”
“It’s really great working together with the Applied Magix team as we move forward into a new, successful era,” said Tim Matula, chief executive officer of SPYR Technologies. “MagixDrive is one of those magical products that creates happy and satisfied users. I believe this expanded campaign and special limited-time pricing will continue our positive trend.”
MagixDrive is available now as a stand-alone product for $99.99 at https://GetMagixDrive.com.
“We believe this product is immensely practical -- as a one-time install it automatically connects to your CarPlay when you enter your car so you can conveniently use your apps, listen to music and give Siri voice commands without needing to fish your phone out to plug it in,” said Zink.
Learn more about Applied Magix by visiting the website at https://AppliedMagix.com.
Investors can learn more about SPYR(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(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 statement” 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(SPYR), 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
Image: https://www.globenewswire.com/newsroom/ti?nf=ODUwOTIzMCM0ODA5ODAwIzUwMDA5OTkwNA==
Image: https://ml.globenewswire.com/media/ZjUxYmI4YTAtZThjNy00MmExLThjMjgtYTk2ZTA2M2RmMzM2LTUwMDA5OTkwNA==/tiny/SPYR-Inc-.png
Image: Primary Logo
Source: SPYR, Inc.(SPYR)
Metallurgical Coal is their basic element... the attention they've gotten over the last year is they've developed and acquired technology for "mining" rare earth elements.
They've also developed a subsidiary for recycling used magnets and similar materials... some of those might be nickel, along with other such elements.
There's probably someone better to voice summarize these things.
Make that 4.2 million shares.
I’m not sure who this Fred Tio is, but the way SPYR is trading this morning, some folks must think it’s a fairly big deal.
At last count… 3.6 million shares!!
NEWS! SPYR Technologies’ Applied Magix Welcomes Fred Tio to Advisory Board
SPYR, Inc.
Tue, March 15, 2022, 8:00 AM
THE WOODLANDS, Texas, March 15, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- SPYR, Inc. dba SPYR Technologies (OTCQB: SPYR) (https://spyr.com), a technology company whose subsidiary, Applied Magix, Inc., develops and resells Apple® ecosystem compatible products in the growing multibillion-dollar IoT smart home and connected car markets, welcomes Fred Tio, former senior creative director of Worldwide Marcom, Apple Inc., to the Applied Magix advisory board.
“What a pleasure to have Fred Tio on our advisory board, and to have his experience and advice to help us grow,” said Applied Magix CEO Dr. Harald Zink. “We have worked together in our various prior lives, and it will be great to be working with Fred once again.”
“I am humbled and honored to be a part of the Applied Magix advisory board and look forward to working with my friend Harry once more,” Tio said. “I am excited to bring my Apple experience and passion to this exciting line of products.”
Expect to see Fred’s influence on the development and expansion of Applied Magix and its ecosystem of Apple compatible products in the near future….
https://finance.yahoo.com/news/spyr-technologies-applied-magix-welcomes-130000288.html
NEWS American Resources Corporation Acquires Operating Rights to PCI Carbon Surface Mine
Fri, March 11, 2022, 7:00 AM·
Facility Could Add 4,000 to 15,000 Tons per Month of Incremental Production to the Company's McCoy Elkhorn Complex
Acquisition Expected To Increase Revenues for Company Beginning in June
FISHERS, INDIANA / ACCESSWIRE / March 11, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that it has acquired the operating rights to a PCI carbon surface mine operation to further expand the production of their McCoy Elkhorn Complex in Pike County, Kentucky.
Thomas Sauve, President of American Resources Corporation commented, "We are excited to be able to bring incremental, near-term production opportunities to life given our vast asset base in the region. This operation is a low-cost opportunity with high quality product that will have the ability to serve our steel-making customers. We are putting a plan in place to bring this operation online over the next 60 days. This job will add an additional 15 direct and indirect jobs to the local community. Additionally, bringing this operation online in the current market will help feed the massive shortage in the supply of high-quality carbon while allowing us to capitalize on current market prices."
Carbon production from this operation will be transported approximately 15 miles to the Company's state-of-the-art processing facilities at its McCoy Elkhorn complex to be processed and shipped to customers. The quality of this operation is anticipated being sold into the PCI and specialty carbon markets. Once ramped, the Company anticipates the operation to produce between 5,000 to 15,000 tons per month. While the terms of the transaction were not disclosed there was no capital paid upfront as part of the transaction.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves….
https://www.accesswire.com/692650/American-Resources-Corporation-Acquires-Operating-Rights-to-PCI-Carbon-Surface-Mine
NEWS! American Resources Corporation Increases Equipment Fleet at Carnegie #1 Mine to Double Production Expansion
Thu, March 10, 2022, 7:00 AM·4 min read
In this article:
Company delivers second Joy 14cm15 continuous miner to expand production by 5,000 to 10,000 tons per month
FISHERS, IN / ACCESSWIRE / March 10, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that it has added to its fleet of equipment at its Carnegie #1 mine to double its production of high-quality metallurgical carbon to meet the strong demand of the current and future market.
Tarlis Thompson, COO of American Resources Corporation commented, "Equipment and people are the lifeline of any mining operation. We have built a great team at this operation and now with the delivery of this newly rebuilt continuous miner, the heart of an operation's equipment fleet, it will enable us to increase production and reduce the mine's overall cost structure. The current carbon market, like so many other commodities and industries, is extremely tight while facing supply chain and labor challenges, and prices are certainly reflecting that. We have heard the narrative that the industry's domestic production this year is sold out and we continue to see a supply-demand balance that corroborates that. Given our growth platform to supply the metallurgical carbon market with incremental supply, we are highly focused on our steady and continuous production ramp, and this milestone demonstrates our ability to do just that and we applaud our team for their accomplishments."
The Carnegie #1 mine produces high vol metallurgical carbon for the domestic and international steel industry. Located in Pike County, Kentucky, the Carnegie #1 mine accesses a large boundary of carbon in the Lower Alma seam. American Resources has now successfully delivered a second, fully rebuilt Joy 14CM15 continuous miner which was rebuilt by its internal rebuild shop over that past few months. The Company will utilize the second continuous miner at the Carnegie #1 mine under a modified or "walking" super section mine plan to increase the mine's sellable output to approximately 12,000 - 20,000 tons per month.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.
https://www.accesswire.com/692402/American-Resources-Corporation-Increases-Equipment-Fleet-at-Carnegie-1-Mine-to-Double-Production-Expansion
NEWS SPYR Technologies’ Affiliate Applied Magix Further Expands Airing Schedule of Its MagixDrive Commercial
SPYR, Inc.
Thu, February 10, 2022, 8:00 AM·3 min read
In this article:
SPYR
-13.41%
THE WOODLANDS, Texas, Feb. 10, 2022 (GLOBE NEWSWIRE) -- via InvestorWire – SPYR, Inc. dba SPYR Technologies (OTCQB: SPYR) (“SPYR” or the “Company”) (https://spyr.com), a technology company whose subsidiary, Applied Magix Inc. (https://AppliedMagix.com), develops and resells Apple® ecosystem compatible products in the growing multibillion-dollar IoT smart home and connected car markets, further expands the airing schedule of its MagixDrive national commercial.
The new set of airings start on Monday, Feb. 7, and will greatly expand reach and visibility of MagixDrive, the flagship wireless CarPlay device and the first branded product from SPYR Technologies’ wholly owned subsidiary Applied Magix.
“We were quite satisfied with the results from the first wave of our commercial’s broadcast. By further increasing both the reach and frequency, we hope that more customers will discover our innovative MagixDrive product,” said Dr. Harald Zink, CEO of Applied Magix. “After we first saw the finished commercial, it was very satisfying to see the public respond positively to it.”
This is the first television commercial for SPYR owned Applied Magix. As sales and operations ramp up for the recently acquired company, SPYR’s new CEO Tim Matula said, “It’s been great working together with the Applied Magix team as we move forward into a new, successful era.”
MagixDrive is available now in a special TV bundle combining MagixDrive with MagixBlock Data Blockers, and the MagixCharge in-car power adapter for $199.99 at https://GetMagixDrive.com.
Discover more about Applied Magix at https://AppliedMagix.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.
Investors can learn more about SPYR and AppliedMagix at: https://ir.spyr.com/.
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
https://finance.yahoo.com/news/spyr-technologies-affiliate-applied-magix-140000990.html
I don’t have time at the moment, but I’ll take a look at it and see what I can do in the next few days.
Apparently not to your satisfaction.
https://ir.spyr.com/.
I understand your negative bias. Losing money leaves a bread taste in your mouth. Fool me once shame on you; fool me twice shame on me. Maybe I’m naive, but in this case, the facts seem overwhelming.
My bias is in favor of the story and potential that’s pretty plain to see. This is no longer Chris Nelson’s show. His interest is largely from debt conversion and amounts to 4.9%. Other management and insiders own just over 53.5% of the company.
It seems to me he’s made connections with some pretty successful people and provided himself and other investors with a remarkable opportunity.
What do we know?
1. Management has a track record of success. Check out co-founders Douglas Baum and C.Richard Piazza’s bios. Then look up Link, Sugarman, Frank, and Simon. What’s not to love?
Just check out their website. https://qsambio.com/
Then compare the management/ insider ownership here: https://www.otcmarkets.com/filing/html?id=15429489&guid=OhvwkaoGobwyOth
2. Venture capitalists have been willing to commit substantial resources to the future success of the company. I've not added up the totals but I think it's between $3 and 5$ Million.
3. We have an actual drug with a proven history of effective treatment of bone cancer.
4. We have a drug in Phase 1 FDA Trial… that is really an improved drug with fewer side effects.
5. The value of the company surpasses the current drug candidate. QSAM has an exclusive license agreement on any future drugs or treatment protocols developed by IGL Pharma, Inc, the maker or developer of Samarium-153 DOTMP, known as CycliSam.
Will all this end with success or failure? Time will tell.
See the Previous Post... there was news released this morning.
https://www.otcmarkets.com/stock/SPYR/news/SPYR-Technologies-Expands-Marketing-Campaign-for-Applied-Magixs-MagixDrive?id=338569
I don't make posts that contain information that has not been publicly released.
Understandably, the market was pleased with this information. We traded up 15 cents per share on 1.1 Million shares.
Pretty significant release in my opinion.
NEWS... American Resources Corporation's Rare Earth Division Receives Investment and Enters into Long-Term, Strategic Partnership with The Heritage Group
The Heritage Group brings ~100 years of experience and innovation in transportation and infrastructure materials, environmental services and specialty chemicals to American Rare Earth
Partnership with The Heritage Group supports the development of American Rare Earth's circular economy supply chain partnerships and customer base
Synergies expedite the path to being the first and lowest cost producer of domestically-sourced, purified and sustainable battery and magnet metals
Heritage's investment will equal 7.5% of American Rare Earth LLC and have a right to invest $50 million at a $300 million pre-money valuation
FISHERS, IN / ACCESSWIRE / January 11, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next-generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced its strategic partnership between its wholly-owned subsidiary, American Rare Earth LLC ("American Rare Earth"), and the venture capital investment arm of The Heritage Group, HG Ventures LLC ("Heritage"); a multi-generational business with a diverse range of operating companies focused on innovation in material science, chemistry and environmental services which includes a major stake in the largest and most comprehensive battery recycling platform in North America. American Rare Earth and Heritage will be expediting the path of being the United States' first and lowest cost producer of domestically sourced, purified and sustainable battery and magnet metals.
Mark Jensen, CEO of American Resources Corporation commented, "As we continue to execute on our vision of redefining how critical and rare earth elements are sourced, processed and purified by focusing on a sustainable and circular supply chain, we have been very selective with our prospective partners to this point. We are thrilled to be moving forward and partnering with Heritage given their unique position, expertise, network and a shared vision on how we can collaboratively bring impactful solutions to the domestic supply of battery and magnet metals. Furthermore, we both agree that creating a closed-loop and circular supply of these increasingly important materials in a cost effective and environmentally safe way will enable the United States to compete on a global basis. As we are hitting key metrics to bring our technologies into a commercial production in 2022, bringing in a partner that can help expedite the commercial success is a game changer for the scalable growth of our rare earth and battery metals division. This partnership will allow us to further incorporate value-added partners throughout the supply chain more expeditiously and ensures a successful pathway for our shared vision."
Indiana-based The Heritage Group brings almost a century of knowledge, experience, innovation and relationships throughout various industries including transportation infrastructure and materials, environmental services, specialty chemical and fuel products to American Rare Earth. Today, Heritage consists of over thirty operating companies with approximately 170 worldwide locations and over 5,000 employees. With its vast reach, Heritage has a proven track record of delivering new solutions and advancing socio-economic progress through science, world-class R&D, business, venture capital and strategic acquisitions.
"We look forward to partnering with American Rare Earth to expand production of rare earth elements and critical metals by recycling electric motors, batteries and other e-waste, which will help address U.S. supply chain and sustainability challenges," added Jonathan Schalliol Director at HG Ventures. "As demand for batteries and smart electronics soars, this partnership aims to help drive growth in the U.S. raw materials market to expand our country's domestic manufacturing capabilities. The U.S. has the opportunity to lead in closed-loop and circular material supply, and it starts with this type of cross-sector collaboration."
This partnership leverages American Rare Earth's proprietary and industry-leading technologies in critical and rare earth metal processing and purification with Heritage's longstanding success in material science, assets and extensive relationships. American Rare Earth's unique ability to capture, process and purify critical and rare earth elements have come from the partnerships of three leading universities creating a platform of innovation.
With American Rare Earths' first purification facility expected to be operational in the first half of 2022, this partnership further strengthens American Rare Earth's foothold into various feedstock relationships for battery and magnet material including from spent electric vehicle, windmill motors and e-waste for which there is currently no comprehensive, sustainable, end-of-life solution. Additionally, the partnership opens up relationships with public and private customers demanding these purified metals to drive the growth and success of the electrification and clean tech markets while advancing national security interests.
Through its due diligence and verification of American Rare Earth's chromatography process and technology for the final stage of isolation and purification of critical battery and magnet metals, Heritage and American Rare Earth have entered into a collaboration agreement (the "Collaboration Agreement") to include but not limited to:
collaboration on opportunities to accelerate the growth and commercialization of American Rare Earth's feedstock supply and to provide Heritage with additional products and services to market;
enhance the sourcing of feedstocks, such as of end-of-life permanent magnets and batteries or battery materials, for American Rare Earth's processing and purification business;
further the buildout of American Rare Earth's downstream sales partners for the sale of critical and rare earth metals to government and industry partners for the production of new products and applications;
leverage Heritage and its Affiliates' personnel, expertise, and equipment (such as R&D and laboratory equipment) to possibly assist American Rare Earth in the further development, refinement and execution of its business; and
provide Heritage and its Affiliates the ability to market the technologies, patents, capabilities and access of American Rare Earth's technologies and patents to Heritage's and its Affiliate's customers, relationships, and affiliates.
Pursuant to the Membership Purchase Interest Agreement, Heritage will receive a 7.5% ownership stake of American Rare Earth with American Resources retaining ownership of 92.5% of the equity interest. Additionally, Heritage has been granted an option to purchase up to $50 million of American Rare Earth's equity interest at a $300 million, pre-money valuation.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.
About American Resources Corporation
American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.
American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.
About American Rare Earth LLC
American Rare Earth is redefining how critical and rare earth elements are both sourced and processed while focusing on the recycling of end-of-life products such as rare earth permanent magnets and lithium-ion batteries, as well as coal-based waste streams and byproducts to create a low-cost and environmentally-safe, circular supply chain. American Rare Earth has developed its innovative and scalable "Capture-Process-Purify" process chain in conjunction with its licensed intellectual property including 16 patents and technologies and sponsored research partnerships with three leading universities to support the domestic supply chain's growing demand for magnet and battery metals. For more information visit arareearthcorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.
About The Heritage Group
Founded in 1930, The Heritage Group (THG) is a fourth-generation, family-owned business managing a diverse portfolio of companies specializing in heavy construction and materials, environmental services, and specialty chemicals. Companies within the THG portfolio include Heritage Environmental Services, Heritage Construction + Materials, and Monument Chemical. With more than 5,000 employees and 30 operating companies worldwide, THG aims to build a safer, more enriching and sustainable world by harnessing the power of family.
About HG Ventures
HG Ventures is the corporate venture arm of The Heritage Group, headquartered in Indianapolis, Ind. HG Ventures supports innovation and growth across The Heritage Group by investing and partnering with innovative, high-growth companies to support a sustainable future. We leverage the world-class expertise of The Heritage Group operating companies and research center to offer a unique value proposition to our portfolio company partners. www.hgventures.com
Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
matt@precisionpr.co
Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com
RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
Info@redchip.com
Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com
SOURCE: American Resources Corporation
View source version on accesswire.com:
https://www.accesswire.com/681945/American-Resources-Corporations-Rare-Earth-Division-Receives-Investment-and-Enters-into-Long-Term-Strategic-Partnership-with-The-Heritage-Group
NEWS...SPYR Technologies Expands Marketing Campaign for Applied Magix’s MagixDrive
[Bold highlights mine: Randy]
Press Release | 01/11/2022
THE WOODLANDS, TX / ACCESSWIRE / January 11, 2022 / SPYR, Inc. dba SPYR Technologies (OTCQB:SPYR), a technology company whose subsidiary, Applied Magix, Inc., develops and resells Apple® ecosystem compatible products in the growing multi-billion-dollar IoT Smart Home and Connected Car markets, announced today that its marketing campaign, which consists of both 30 and 60 second TV Commercials, will air in additional markets to further broaden viewership.
TVA Media Group (TVA) and BB3 Advertising have started a dynamic TV ad campaign for MagixDrive, Applied Magix's wireless CarPlay device. TVA Media Group (TVA) began the campaign by placing "test airings" of the commercials on different channels and timeslots during the week of December 27, 2021. Based upon the channels and the time of day that the commercials aired, TVA estimates that the commercials were seen by more than one million viewers. These initial airings served as a test to determine specific interest from different demographic groups. After analyzing this data, a strategic broadcast strategy was created.
The MagixDrive campaign has begun to move into its next phase by increasing the frequency of aired ads and continuing to focus on those audiences that best fit the demographic profile of a "perfect customer" and expanding it to those who fit within a broader profile of interest.
Dr. Harald Zink, CEO of Applied Magix, enthusiastically commented, "We continue to enjoy working with such talented and experienced organizations like TVA and BB3. This has turned out to be an extremely valuable partnership. With their help, we have created an exciting advertising campaign that we expect to be a success."
Viewers will be able to order MagixDrive via a dedicated landing page at www.GetMagixDrive.com and toll free at 800-714-8037.
The Company's MagixDrive is currently available at the Applied Magix website: https://appliedmagix.com/shop/
About TVA Media Group
TVA has a 34-year history of creating successful productions and media campaigns for Fortune 500s, startups, non-profits, and government agencies worldwide. Clients include 6 Flags, Ajinomoto, Best Buy, Canon, Cessna, Epson, Jacuzzi, Jenny Craig, Lexus, Marriott, MasterCard, Sitelock, Sony, StreetStrider, Teradata, Ubisoft, Universal Studios, Verizon, and Viking Cruises.
TVA has an A+ rating with the BBB, Class 1 D&B credit rating, hundreds of client references and case studies covering 40 categories; and has won every major award in advertising, DRTV and PR. See https://www.tvamediagroup.com.
About BB3 Advertising
As a boutique agency, BB3 replaces the inflexibility and bureaucracy of a big agency with efficiency and personal service. Their team possesses unparalleled knowledge and experience in the industry, and they are constantly evolving as the media landscape evolves. Learn more about BB3 Advertising at www.BB3advertising.com
About SPYR Technologies
SPYR Technologies (SPYR) is a technology company that through its subsidiary, Applied Magix Inc., develops and resells Apple® ecosystem compatible products with an emphasis on the growing multi-billion-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.
Investors can learn more about SPYR and AppliedMagix at: https://ir.spyr.com/.
Safe Harbor Statement
This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website https://www.sec.gov, as well as SPYR's website https://www.spyr.com, and SPYR's Twitter account https://twitter.com/spyrinc.
CONTACT:
(303) 991-8000
ir@spyr.com
SOURCE: SPYR, Inc.
View source version on accesswire.com:
https://www.accesswire.com/681975/SPYR-Technologies-Expands-Marketing-Campaign-for-Applied-Magixs-MagixDrive
They've not yet given us that information... but they did indicate that the ads were being run and they were fine-tuning their times and schedules.
I believe they stated that the reverse would only take place if it was in conjunction with uplisting to the NASDAQ Capital Market or for a listing the NYSE.
Maybe it goes down because of such uplisting... but generally, this is regarded as a positive step.
Cheers.
I wonder is this means there’s another deal in the wind.
Would make sense, and I might add, if a company is not ready to walk away from the negotiating table, I don’t want them negotiating for me and my investment.
Management Authorized to do reverse split in conjunction with qualifying for NASDAQ Capitol Market or NYSE Listing
https://www.otcmarkets.com/filing/html?id=15467011&guid=faSwkpl1u7CdB3h
Form 3 and a Registration Statement
Form 3. CEO owns 11 Million shares.
https://www.otcmarkets.com/filing/html?id=15464658&guid=faSwkpl1u7CdB3h
S-8 Regustration Statement
https://www.otcmarkets.com/filing/html?id=15465695&guid=faSwkpl1u7CdB3h
8-K. New CEO and Such
https://www.otcmarkets.com/filing/html?id=15457814&guid=faSwkpl1u7CdB3h
Section 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective December 31, 2021, the Registrant terminated the employments of James R. Thompson, Chief Executive Officer, President, and General Counsel, and Jennifer D. Duettra, Executive Vice-President, Assistant General Counsel, and Secretary. The terminations were made without cause and in the best interests of the Registrant in order to reduce accrual of salaries.
Effective December 31, 2021, the Registrant appointed Tim Matula, age 61, as its Chief Executive Officer, Secretary, and Treasurer. There was no arrangement or understanding between Mr. Matula and any other person(s) pursuant to which Mr. Matula was selected as an officer. Since the beginning of the Registrant’s last fiscal year and to date, Mr. Matula has not been involved with any related party transaction exceeding $120,000, in which Mr. Matula had or will have a direct or indirect material interest.
Tim Matula joined Shearson Lehman Brothers as a financial consultant in 1992. From 1994 to 1997, Mr. Matula joined Prudential Securities, attaining the position of Associate Vice President, Investments, Quantum Portfolio Manager. Mr. Matula became a director of the Registrant in 1996. From 2000 to 2003 Mr. Matula was treasurer and director of the Topaz Group, an international vertically integrated jewelry manufacturer located in Bangkok, Thailand. From 2004 to 2011, Mr. Matula was a director of PharmaCyte Biotech, Inc. From 2008 to 2012, Mr. Matula was Director of Corporate Communications for Velatel Global Communications, Inc. From 2011 to 2013, Mr. Matula was a director of Plandai Biotechnology, Inc. From 2016 through 2018, Mr. Matula served as independent director and member of the audit committee of Appliance Recycling Centers of America, Inc. [NASDAQ formerly ARCI; now JAN]. Mr. Matula holds a Bachelor of Science in Business from California State University, Fresno, and a 2004 Certificate in Corporate Compliance from Tulane University Law School.
Thanks for posting… I hadn’t seen this. I’ve been a QSAM fan since the reorganization.
Agreed. With additional mines coming online I would think 2022 results would be much improved.
Guess that means we are officially have a dog in Phase 1 of its development!!
You’re very funny!! This volume probably portends great things.
What was the reverse split ratio?
I’m not certain, but that’s what OTCMarkers.com historic pricing shows.
https://www.otcmarkets.com/stock/PMCB/quote
Diana might be remembering when the stock traded up to 60 cents a couple / few years ago.
I think IHUB is only giving the price since the up listing to NASDAQ.
Q3 RESULTS …American Resources Corporation Reports Third Quarter 2021 Financial Results and Provides Business Outlook
* Company highly aligned with major U.S. priorities in both infrastructure and electrification
*Significant execution has positioned the Company to be a low-cost, stable provider of raw materials to high-growth markets
*Company seeing significantly increasing carbon demand and price realization as it scales operations
*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 11:00 AM ET
FISHERS, INDIANA / ACCESSWIRE / November 15, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today reported its third quarter of 2021 financial results and provided a corporate update. The Company will host a conference call and webcast, today, November 15, 2021, at 11:00 a.m. ET (details below).
Mark Jensen, Chairman and CEO of American Resources Corporation commented, "Over the course of the third quarter of 2021, we continued to position our Company to be one of the most unique growth platforms to reposition old-world, legacy assets to strategically align with a more modern economy. With the advancement of our nation's infrastructure initiatives, we find ourselves extremely well aligned with our American Carbon and American Rare Earth divisions to support these important aspects of our national and global economies. Both traditional infrastructure like roads, ports and bridges as well more modern infrastructure initiatives such as the advancements of green energy and clean tech have a growing need for both high quality steel as well as critical battery and magnet metals. We remain highly committed and focused on the execution of both divisions and feel like we are extremely well positioned to be the growing supplier of high-quality metallurgical carbon in a market that is expected to remain tightly supplied for the foreseeable future, as well as redefining how critical and rare earth elements are both sourced and processed throughout the world while also focusing on the circular economy of recycling existing permanent magnets and battery metals."
….
https://www.accesswire.com/672788/American-Resources-Corporation-Reports-Third-Quarter-2021-Financial-Results-and-Provides-Business-Outlook
Your theory is pretty clear. Chris Nelson is a scam artist that is only interested in making money from unwary investors.
I don't believe that is the case. Has he been unsuccessful in the past? Yes... but such is the case. I've posted before that those who have taken ventures and pursued success are more likely to continue trying until they succeed.
I believe QSAM is the latest phase in this attempt for success.
I would assume at some point the information will be clear who owns what percent of the Company. I will be surprised if Mr. Melson owns more than 10-15% of the new company. We will have to wait to see.
So yes... the previous company has been rescued... but it has continued pursuing a business venture that seems to have a reasonable possibility of success.
According to your thinking... maybe they should have just put up the white flag and given up. And yet, how would have that helped... what good could come from ceasing to exist?
The direction they've gone has garnered significant investment from those closest to the company. Prior debt holders have received equity interest. I believe at this point the company is debt-free, but I'm not certain.
On top of this, I think the company has received venture Capital Funding in the millions of dollars, which means that those whose who know more than me... and possibly more than you are putting their money where their mouth is... have voted with their dollars on the future success of QSAM.
Plus if you look at the leadership page... the man who invented "Quadramet" is on the company's advisory board. I don't doubt that he knows very well the functional success anticipated on our first orphan drug candidate... "Cyclosam."
I have no idea what you're talking about. I'm not sure how I could remove anyone from the board.
All I did was cut and paste the information available on the https://qsambio.com/#about website...
and the management page that listed the company officers.
https://qsambio.com/#leadership
Chairman of the Board of Directors: C. Richard Piazza
Chief Executive Officer: Douglas R. Baum
Chief Medical Director: Dr. Charles G. Link
Senior Executive Generalist: Barry Sugarman
What role does the "villain" Chris Nelson have? He is the CFO... the Chief Finanical Officer. HE does the accounting... and reporting of the business that has taken place.
And what has become of the other person from the past... Kevin Bolen? Well he's gone. He took some equity interest and is no longer with the company.
It seems clear that SPYR is acting like it has a future and with this hire is planning for that future.
I think this release and those in the last few weeks demonstrate that AREC is beginning a new phase in its existing.
The stock has traded up hugely on the news of Rare Earth Minerals and the development of a multi-focused business plan and corporate structure...
BUT... in the near term, what's going to drive the share price is revenue and earnings from metallurgical coal... which is already valuable and will continue to increasing in value.
White Coal... I as well. I think once production numbers start being released... and we're told how many hundred tons of material in process and on the way to market, it's going to be fun to watch.
Randy
GOOD NEWS!!American Resources Corporation Commences Initial Sales and Shipments from its Reopened McCoy Elkhorn Complex
Thu, November 11, 2021, 7:30 AM
Company's Carnegie 1 mine is ramping production in one of the strongest metallurgical carbon markets over the last decade
Carnegie 1 mine is currently running a seven day a week schedule and adding additional production and maintenance shifts
FISHERS, IN / ACCESSWIRE / November 11, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that it has begun selling and shipping metallurgical carbon produced from its recently reopened Carnegie 1 mine. Shipments of carbon are being sold to its customer base to be used for steel making in both the international and domestic steel markets.
Located in Pike County, Kentucky, the Company's Carnegie 1 mine is an underground mine producing high vol metallurgical carbon from the Lower Alma seam and part of both the Company's broader Carnegie mining complex and its McCoy Elkhorn processing and logistics facility. Carbon extracted from the Carnegie mines is transported to the nearby McCoy Elkhorn complex where it is processed, loaded and shipped to domestic and international metallurgical (steel making) customers.
Mark Jensen, CEO of American Resources Corporation commented, "It's always a rewarding day for our team when we see our efforts bear fruit by getting our first Carnegie mine reopened, as well as our McCoy Elkhorn facility, up and running and now shipping carbon to our steel customers. We are in a very fortunate spot to be expanding production of high-quality, steel-making carbon in a market that is seeing constrained supply struggling to meet worldwide infrastructure demands. The changes our team has made at this complex are focused on safety, cost and efficiency. While the Carnegie 1 mine was in production briefly before the COVID-19 pandemic hit our region, the mine is essentially new, allowing us to efficiently produce a quality product with decades of mine life. Our Carnegie 2 mine will subsequently be brought online in short order as we have already invested the development capital and have secured the contract mining company to operate this new mine which will access the same boundary of carbon from a different direction as our Carnegie 1 mine."
In addition to its Carnegie 1 and Carnegie 2 mines, the Company has plans to develop it Carnegie 3 mine and its Carnegie Surface mine to supplement the complex's overall production at the facility. The Company is also evaluating upgrading the McCoy Elkhorn processing plant to produce a mini stoker industrial product for the specialty alloy metal marketplace given that market's consistently strong demand.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.
About American Resources Corporation
American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.
American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.
Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
matt@precisionpr.co
Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com
RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
Info@redchip.com
Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com
SOURCE: American Resources Corporation
View source version on accesswire.com:
https://www.accesswire.com/672239/American-Resources-Corporation-Commences-Initial-Sales-and-Shipments-from-its-Reopened-McCoy-Elkhorn-Complex
https://finance.yahoo.com/news/american-resources-corporation-commences-initial-133000941.html
WAIT... THERE'S MORE!! R.KEITH FRANK
Over 30 years experience each with Dow Chemical leading R&D efforts in Radiopharmaceuticals & Chelators
Developed Quadramet®
Founded IsoTherapeutics in 2005 performing contract R&D for Big Pharma with emphasis on radiolabeling
Authored/co-authored more than 100 scientific papers & publications
Recognized as leading authorities in radiopharmaceuticals
60+ Patents
Internationally recognized experts in radiopharmaceuticals
Extensive interaction with research institutions, investigators and hospitals