I love it when things work out!
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Any Slouches? nope NOT HERE>>> Barry Sugarman is a Senior Executive Generalist with over 30 years of experience spanning public and private companies in the pharmaceutical, medical device, dietary supplement, and cosmetic industries. Barry has considerable direct experience in pharmaceutical product development, manufacturing, clinical trials, regulatory affairs, FDA and government relations, marketing, and distribution.
Barry possesses broad experience in clinical trial operations and management, mergers, acquisitions, turnarounds, startups, reorganization, process improvements, and sales management and a very strong knowledge of Good Manufacturing Practices (GMP’s), Good Clinical Practices (GCP’s), Good Laboratory Practices (GLP’s), and International Conference for Harmonization (ICH) requirements. He is an author and co-author of numerous FDA filings and approvals including Investigational New Drug Applications (IND’s), New Drug Applications (NDA’s), Abbreviated New Drug Applications (ANDA’s), and Medical Device Applications 510(k)’s.
Barry is a member of the Regulatory Affairs Professional Society (www.raps.org), American Association of Pharmaceutical Scientists (www.aaps.org), Association of Clinical Research Professionals (www.acrpnet.org), and the National Association of Corporate Directors (www.nacdonline.org). He is a co-author of “Prompt, Accurate Diagnosis of Pediatric Cancer and Leukemia for Pediatricians, Orthopedists, and Family Practitioners” – Paperback (Aug. 28, 2007) by Andrew Pendleton, Jennifer Minigh, Lainie Shapiro, and Barry Sugarman.
Yes, there's more... Dr. Charles J Link is an accomplished physician scientist and experienced executive with decades of biotech and drug development experience. Previously, Dr. Link founded NewLink Genetics, a NASDAQ-listed immunotherapy company focused on developing novel immuno-oncology product candidates. He served as Chairman, CEO and Chief Scientific Officer of NewLink Genetics until his retirement in 2019. During his tenure at NewLink, Dr. Link led a series of collaborative transactions totaling hundreds of millions of dollars with Merck, Roche and the United States government. He also supervised the collaboration between NewLink and Merck to develop EVERBO, the first and only Ebola vaccine to receive FDA and EMA approval.
Dr. Link has been a practicing oncologist for over 30 years and has authored more than 150 peer-reviewed papers. He is inventor on numerous patents in the field of cancer immunotherapy.
Want some more talent... well here's more: C. Richard Piazza, Ph.D. is a career healthcare executive with 48 years of experience in medical devices as well as the pharmaceutical/biotechnology sectors. Included in this is 44 years in general management positions in both public and private international companies including Ohmeda, Smith & Nephew Pharmaceuticals, Marquest & VitaGen (world’s first bioartifical liver). In 2019 he co-founded QSAM Therapeutics, Inc. with Doug Baum and currently serves as its Executive Chairman.
For Example: Douglas R. Baum has 28+ years of experience serving in a number of executive management and business development positions within the drug development and life sciences industries. Currently, he serves as the CEO, President and Director of QSAM and its subsidiary, QSAM Therapeutics, Inc., a company he co-founded in 2019. QSAM is an Austin, Texas based clinical stage specialty pharmaceutical company developing a pipeline of radiopharmaceuticals focused on various bone and solid tumor cancers.
The website details the new officers and board members. Since these men have been successful in the past, I believe there is a great likelihood they will be successful in the future.
https://qsambio.com/#leadership
If you visit QSAM's website and read what they've accomplished and what they intend to do... I think it's looking like they're positioning themselves as a buyout target within the next 1-3 years.
https://qsambio.com/#about
I've been with QSAM for the last couple of years. The only part of the former company that remains is the CFO... Mr. Chris Nelson. In my estimation, even though there is mostly new management and wholly new business direction company, the company retained Mr. Nelson because of his familiarity with the companies history and organization.
Decided to re-establish a position in QSAM. I bought a chuck of the 28 cent offers last week.
While the naysayers think QSAM is just another revision of previous companies, QSAM's management is loaded with heavy hitters that fully intend to add value and sellable products to the public.
I agree. Anything with will contribute directly to the bottom line will eventually be reflected in the share price.
Our day is coming!
Looking forward to AREC making announcements like this one by Ramaco Resources (Ticker Symbol: METC). Same industry Pure coal play:
Ramaco Resources, Inc. announces conclusion of successful 2022 North American sales negotiations,
acquisition of significant assets from Coronado,
and new establishment of a regular dividend policy
LEXINGTON, Ky., Oct. 26, 2021 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) ("Ramaco" or the "Company") announced that it has completed 2022 sales negotiations to its North American steel customers. Ramaco has now contracted to sell 1.67 million tons of both low volatile and high volatile coal at an overall average price of roughly $196 per short ton FOB mine. These sales translate into over $325 million in 2022 booked revenue. Based upon the Company's current mine costs, adjusted upward for higher sales-related expense, the earnings from these domestic sales are estimated to generate roughly $190 million of adjusted EBITDA in 2022. These completed domestic sales represent approximately 54% of Ramaco's projected 2022 production of 3.1 million tons. The balance of roughly 1.5 million tons of 2022 production will be sold into export markets, at what is currently higher index-based pricing.
Ramaco also announced that it has now executed an Asset Purchase Agreement with companies owned by Coronado Global Resources Inc. ("Coronado") to purchase certain assets from Coronado (the "Amonate Assets"), described below. The cash consideration for the acquisition is $30 million to be paid at closing, anticipated to occur by mid-November. The acquisition will be immediately accretive to the Company beginning in 2022.
Finally, the Company announced that its Board of Directors ("Board") authorized the initiation of a regular quarterly dividend to be paid beginning in the first quarter of 2022. The amount of the dividend and timing of both the record date and payment date will be set at the Company's Board meeting to be held in early December.
2022 Domestic Sales:
The Company has completed its most successful domestic coal sales efforts since inception. In 2022, it will sell 1.67 million tons to North American steel mills. Based upon the Company's projected 2022 production of roughly 3.1 million tons (inclusive of new production from the Amonate Assets described below), the Company will have roughly 1.5 million tons remaining to be sold in 2022 consisting of 800,000 tons of low and mid volatile coal and 700,000 tons of high volatile coal.
Amonate Assets and Berwind Mine:
The Amonate Assets being acquired from Coronado include a mine complex located in McDowell County, West Virginia and Tazewell County, Virginia. All assets are located adjacent and contiguous to the Company's existing Berwind Mine Complex (see the photo above). The acquisition primarily consists of approximately 50 million tons of low and mid volatile reserves, much of which will be mined from the Company's Berwind Mine. Also being purchased are several additional permitted mines, and a currently idled 1.3-million-ton per annum capacity coal preparation plant.
Mine development on the Amonate reserves will begin immediately. Initial production is expected by early in the second quarter of 2022, with total new incremental production for the entire year at approximately 200,000 tons. This will increase to approximately 700,000 tons at full production capacity by the end of 2023. The Company estimates that if operating today, the Amonate reserves would have cash mine costs in the $70 per ton range based on year-to-date metrics. Capital expenditures for the new incremental tons are expected to be approximately $2 million in 2021 and $10 million in 2022, primarily for purchase of underground equipment.
Refurbishing of the existing Amonate preparation facility will similarly begin immediately, with 50% capacity utilization anticipated to be achieved by June 2022. Complete nameplate capacity of roughly 1.3 million tons will be achieved by the end of 2022. Capital expenditure for the preparation plant upgrade is expected to be approximately $2 million in 2021, $6 million in 2022 and $2 million in 2023.
In addition, the Company's existing nearby Berwind Mine is expected to reach full production capacity of roughly 750,000 low volatile tons in mid-2022. By the end of 2023, together with the Amonate reserves, the combined mine complex will be capable of producing between 1.4-1.5 million low volatile tons, primarily from the Pocahontas #4 coal seam.
This will increase the Company's overall annual production capacity to approximately 3.7 million tons of metallurgical coal, with an allocation of roughly 60% high volatile and 40% of low volatile coals. The Company estimates that if mined today its overall production would have average cash mine costs in the upper $60 per ton range based on year-to-date metrics.
Management Comments:
Randall Atkins, Ramaco's Chairman and Chief Executive Officer remarked, "This has been a transformative month of activity for Ramaco and one that we hope will propel Ramaco to be viewed in a different dimension as a public company.
As one of the only pure play metallurgical coal producers, we have been able to capitalize on the current underlying strength in both domestic and international coal markets. Our recently concluded sales of coal for 2022 into the U.S. and Canadian steel markets have provided us with the strongest prices and realizations we have seen since we became public.
Through these sales, we have essentially just booked over $325 million of revenue for 2022 and $190 million in adjusted EBITDA by selling only approximately half of our expected production. To confess to a bit of humility, as a reminder in 2020 we booked roughly $19 million in adjusted EBITDA for the full year. The anticipated level of earnings from just these booked sales translates into a greater amount of adjusted EBITDA than we have cumulatively generated since Ramaco went public in 2017.
We hope to continue to capitalize on the ongoing strength in export markets, by retaining roughly half of 2022 production which will be sold to overseas customers at currently higher priced index-based pricing. Indeed, our most recent index-based export sale of high volatile coal was transacted at roughly $315 per short ton FOB mine. We currently still have over 100,000 tons of some of best coals to sell through the remainder of the year. Our current year to date mine costs are in the mid $60s per ton range.
We took a conservative approach to developing our business over the years. We have now been rewarded by being able to capitalize on opportunities to position Ramaco into a different class of public company at a point of exceptional underlying strength in the metallurgical coal markets. We will continue to grow. Indeed, we expect to ultimately double our current 2021 production to between 4-5 million tons over the next few years.
As a cornerstone of that production ramp, today we announced the acquisition of the Amonate Assets from our neighboring coal group Coronado. Amonate represents Ramaco's first major acquisition and is expected to add significant immediate accretion to both our adjusted EBITDA and net income beginning next year.
Since we began development on the Berwind mine complex in 2018, we envisioned the strategic logic of one day combining the Berwind and Amonate properties. This milestone now has arrived at a point when Ramaco is currently in its strongest liquidity position to purchase and develop these assets. It is also fortunate that it was timed so that the initiation of additional new production will come on stream into what we envision as a continuing strong multi-year domestic and international metallurgical coal market.
As an example of the acquisition's accretion, we will now avoid millions of dollars of annual trucking expense to our Knox Creek preparation facility just as we bring the Berwind mine to 750,000 tons of full production next year. Instead, we will simply belt the coal by conveyor to the adjacent Amonate prep plant less than half a mile away. Additionally, we will be able to now increase production at our overall Berwind mine complex to almost 1.5 million tons by 2023 by adding the 700,000 tons of new production from the adjacent Amonate reserves.
This new reconfiguration will also free up additional processing capacity at our 1.25-million-ton Knox Creek prep plant facility for both our own future mining development, as well as for third party purchased merchant coal opportunities. By the end of 2023, once these new reserves are in full operation, we expect to be at a 3.7+ million-ton annual production level.
Another long-term milestone is that we will begin a regular dividend in the first quarter of next year. Our Board determined we have proven an ability to generate both substantial long term and sustainable free cash flow. We hope to regularly increase this dividend in the years ahead as we continue to grow. We would note that we remain the only net cash positive company in the public coal space.
Lastly, as we look at today's industry landscape, it continues to exhibit significant constraints on both new supply creation and capital availability. Ramaco is one of the only public coal groups that possess both the financial and operational bandwidth to more than double our current production levels over the next few years, and importantly to do so in a low-cost manner. As important, we have now demonstrated an ability to both grow our business, as well as return capital to our shareholders at the same time.
We remain committed to being an opportunistic, low cost, low debt, and no legacy liability metallurgical coal producer. We operate in the segment of the coal industry with both continuing strong growth and cash generating potential, as well as one with a low greenhouse gas emitting profile. We will look forward to discussing more of our future opportunities in the months ahead."
Contact: info@ramacocoal.com or 859-244-7455
https://c212.net/c/img/favicon.png?sn=CL53158&sd=2021-10-26 View original content to download multimedia:https://www.prnewswire.com/news-releases/ramaco-resources-inc-announces-conclusion-of-successful-2022-north-american-sales-negotiations-acquisition-of-significant-assets-from-coronado-and-new-establishment-of-a-regular-dividend-policy-301409231.html
SOURCE Ramaco Resources, Inc.
https://www.otcmarkets.com/stock/METC/news/story?e&id=2032410
Welcome to the board Louie…
This release m is pretty encouraging.
I’m looking forward to seeing the commercials… but I guess that will start once the commercials are being aired.
Sounds good. I would have liked to hear news like this a few months earlier, not more of good.
I’m looking forward to the combined projected revenue from all these mines once production is begin!!
8-K of recent actions.
Item 1.03
Bankruptcy or Receivership
On October 6, 2021 (the “Petition Date”), Fortem Resources Inc. (the “Company” or the “Debtor”) filed a voluntary petition (the “Chapter 11 Petition”) under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Nevada (the “Bankruptcy Court”). The Debtor’s chapter 11 case is captioned “In re Fortem Resources Inc.” and was assigned case number BK-21-14823-nmc (the “Chapter 11 Case”).
The Debtor intends to continue to operate its business as a “debtor-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.
The Company anticipates seeking approval of the Bankruptcy Court to approve a debtor-in-possession credit facility in an aggregate principal amount that has not yet been determined (the “DIP Financing”) and to set a timeline for the Chapter 11 Case, culminating in a plan of reorganization (the “Plan of Reorganization”) that is currently being negotiated. The Company anticipates filing additional Current Reports on Form 8-K once the DIP Financing and Plan of Reorganization have been finalized and signed.
Item 2.04
Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
Pursuant to Section 362 of the Bankruptcy Code, the filing of the Chapter 11 Petition automatically stayed most actions against the Debtor, including actions to collect indebtedness incurred prior to the Petition Date or to exercise control over the Debtor’s property. Subject to certain exceptions under the Bankruptcy Code, the filing of the Chapter 11 Petition also automatically stayed the continuation of most legal proceedings or the filing of other actions against or on behalf of the Debtor or its property to recover on, collect or secure a claim arising prior to the Petition Date or to exercise control over property of the Debtor’s bankruptcy estates, unless and until the Bankruptcy Court modifies or lifts the automatic stay as to any such claim. Notwithstanding the general application of the automatic stay described above, governmental authorities may determine to continue actions brought under their regulatory powers.
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
The OTC Pink Open Market also halted trading in the Company’s common stock on October 7, 2021.
The Company’s common stock remains suspended pending a review of the eligibility for continued listing of the Company’s common stock on the NEX Exchange in Canada.
Item 7.01
Regulation FD Disclosure.
On October 18, 2021, the Company issued a news release in connection with the filing of the Chapter 11 Petition. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Court filings and other documents related to the court-supervised process are available at electronically through the Bankruptcy Court’s CM/ECF system at http://ecf.nvb.uscourts.gov (PACER account required), or by sending an email to the Company’s bankruptcy counsel, Fox Rothschild, LLP, at pchlum@foxrothschild.com.
The information furnished in this Item 7.01 of this Current Report on Form 8-K and the news release attached hereto as Exhibit 99.1 shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1
News Release of Fortem Resources Inc. dated October 18, 2021.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FORTEM RESOURCES INC.
By: /s/ Mark A. Bruner
Marc A. Bruner
Chief Executive Officer
Date: October 18, 2021
https://www.sec.gov/Archives/edgar/data/0001382231/000108503721000089/form8k.htm
Press Release of Fortem Resources entering receivership.
FORTEM RESOURCES FILES CHAPTER 11 TO PURSUE FINANCIAL AND OPERATIONAL REORGANIZATION
Vancouver, BC, October 18, 2021 – Fortem Resources Inc. (TSXV:FTM, OTCQB:FTMR) (the “Company”) today announced that it filed a voluntary petition (the “Chapter 11 Petition”) under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Nevada (the “Bankruptcy Court”) on October 6, 2021. The Company’s chapter 11 case is captioned “In re Fortem Resources Inc.” and was assigned case number BK-21-14823-nmc (the “Chapter 11 Case”).
The Company intends to continue to operate its business as a “debtor-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.
The Company anticipates seeking approval of the Bankruptcy Court to approve a debtor-in-possession credit facility in an aggregate principal amount that has not yet been determined (the “DIP Financing”) and to set a timeline for the Chapter 11 Case, culminating in a plan of reorganization (the “Plan of Reorganization”) that is currently being negotiated. The Company anticipates filing additional Current Reports on Form 8-K once the DIP Financing and Plan of Reorganization have been finalized and signed.
Pursuant to Section 362 of the Bankruptcy Code, the filing of the Chapter 11 Petition automatically stayed most actions against the Company, including actions to collect indebtedness incurred prior to the Petition Date or to exercise control over the Company’s property. Subject to certain exceptions under the Bankruptcy Code, the filing of the Chapter 11 Petition also automatically stayed the continuation of most legal proceedings or the filing of other actions against or on behalf of the Company or its property to recover on, collect or secure a claim arising prior to the Petition Date or to exercise control over property of the Company’s bankruptcy estates, unless and until the Bankruptcy Court modifies or lifts the automatic stay as to any such claim. Notwithstanding the general application of the automatic stay described above, governmental authorities may determine to continue actions brought under their regulatory powers.
The OTC Pink Open Market also halted trading in the Company’s common stock on October 7, 2021. The Company’s common stock remains suspended pending a review of the eligibility for continued listing of the Company’s common stock on the NEX Exchange in Canada. Trading in the Company’s stock is prohibited.
Court filings and other documents related to the court-supervised process are available electronically through the Bankruptcy Court’s CM/ECF system at http://ecf.nvb.uscourts.gov (PACER account required), or by sending an email to the Company’s bankruptcy counsel, Fox Rothschild, LLP, at pchlum@foxrothschild.com.
On behalf of Fortem Resources Inc.
Marc Bruner
Chairman, Chief Executive Officer and Director
403-241-8912
https://www.sec.gov/Archives/edgar/data/0001382231/000108503721000089/newsrelease.htm
Probably obvious but it looks to me like current interest is moving SPYR higher.
If you’ve been watching and not buying your opportunity to buy is going to be getting more expensive. Still money to be made I believe, just not as much as later as sooner. ??
Thanks for sharing this White Coal!
Liked this release. In the end revenue is going to grow and sustain the stock price.
The following sentence gives a partial picture of the revenue we can expect in future months.
“In total, the Company expects to produce over 40,000 tons of carbon per month from its Carnegie complex which will be processed at its nearby McCoy Elkhorn facility and shipped into both the domestic and international markets.”
I’m not exactly sure how much revenue this is, but I’m thinking it has to be $4-5 Million a month. One other Metelurgical coal company I follow is Ramaco ticker symbol METC… and it’s trading at at 52 week highs. in the $14-$15 range.
If AREC is the lowest over head producer, it seems to me that eventually, we should be trading at a premium to METC.
We shall see.
Liked this release. In the end revenue is going to grow and sustain the stock price.
The following sentence gives a partial picture of the revenue we can expect in future months.
“In total, the Company expects to produce over 40,000 tons of carbon per month from its Carnegie complex which will be processed at its nearby McCoy Elkhorn facility and shipped into both the domestic and international markets.”
I’m not exactly sure how much revenue this is, but I’m thinking it has to be $4-5 Million a month. One other Metelurgical coal company I follow is Ramaco ticker symbol METC… and it’s trading at at 52 week highs. in the $14-$15 range.
If AREC is the lowest over head producer, it seems to me that eventually, we should be trading at a premium to METC.
We shall see.
Among a publicity piece a bit of good news:
“As the Company continues to scale its operation at PCR, it expects to grow its employee count to approximately 170 in total. Additionally, as the Company sets to restart its McCoy Elkhorn complex in Pike County, Kentucky, to meet the growing demand in the steel and infrastructure markets, it expects to add an additional 140 initial jobs to the “region and replicate its employee-driven, Holiday Dinner Support Program.
American Resources Corporation Expands Carbon Production with the Restart of its McCoy Elkhorn Complex and Secures Initial Sales Contracts
Friday, October 8, 2021 8:00 AM
Topic: Company Update
Company's Carnegie 1 mine restarts production in one of strongest metallurgical carbon markets since 2006/2007
Carnegie 1 mine produces a high volatile metallurgical carbon used in the steel making industry for infrastructure needs worldwide
Company currently evaluating multiple additional sales opportunities for 2022 and beyond
FISHERS, IN / ACCESSWIRE / October 8, 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 restarted production of its McCoy Elkhorn processing and logistics complex as well as its Carnegie 1 mine. The Company's Carnegie 1 mine produces high-quality, metallurgical carbon from the Alma carbon seam and is used for steel making. Additionally, American Resources has signed sales commitments for this fourth quarter of 2021's production at its Carnegie 1 mine. The baseload committed sales for the fourth quarter from Carnegie 1 enables the Company to take advantage of the currently strong metallurgical carbon market while also evaluating multiple opportunities for 2022 contracts.
Kirk Taylor, Chief Financial Officer of American Resources Corporation commented, "We are proud of our teams' accomplishment of identifying high-value assets, repositioning them for a sustainable future and executing on the ramp up of these assets into opportune market environments. Our Carnegie 1 mine should be one of the lowest cost operations in the US met carbon industry and is set up with a great spread of newly refurbished equipment and fully rehabbed mining infrastructure. Our Carnegie 1 mine is just the start of what our McCoy Elkhorn complex will be able to accomplish over the coming years!"
The Carnegie 1 mine will be operated as a walking super section whereby utilizing two continuous miners operating on one section to eliminate inefficiencies and maximize production. The Company has recently acquired and rebuilt two continuous miners and three completely rebuilt wide body shuttle cars. The mine will operate on two production shifts and one maintenance shift per day.
Beyond its Carnegie 1 mine, American Resources will subsequently bring its Carnegie 2 mine online early in 2022 which accesses the same boundary of carbon to supplement production at the complex. The Company will thereafter bring its Carnegie Surface mine online to meet the demand of the strong global steel market. In total, the Company expects to produce over 40,000 tons of carbon per month from its Carnegie complex which will be processed at its nearby McCoy Elkhorn facility and shipped into both the domestic and international markets.
American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.
About American Resources Corporation
American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.
American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.
Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
PR Contact
Precision Public Relations
Matt Sheldon
917-280-7329
matt@precisionpr.co
Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com
RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
Info@redchip.com
Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com
SOURCE: American Resources Corporation
American Resources Corporation
https://www.accesswire.com/667312/American-Resources-Corporation-Expands-Carbon-Production-with-the-Restart-of-its-McCoy-Elkhorn-Complex-and-Secures-Initial-Sales-Contracts
American Resources Corporation’s Perry County Resources Announces Its Thanksgiving Dinner Community Support Program
Thursday, October 7, 2021 8:30 AM
Management of American Resources and Perry County Resources are sponsoring local families with Thanksgiving dinners through partnerships with a local small business to help support them through the holidays
FISHERS, IN / ACCESSWIRE / October 7, 2021 / American Resources Corporation (NASDQ: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 its management team will sponsor 20 local families, near its Perry County Resources (PCR) complex in Hazard, Kentucky, with Thanksgiving dinners to enjoy with their family during the holiday season.
Mark Jensen, commented, "We love the holiday season but also understand it can be a stressful time for families that need a bit of a helping hand. Our employees are hard-working individuals that are proud to put food on the table for their families. We have a strong belief in community stewardship and want to give our employees this opportunity to take it a step further and support others in their community that they know could use a little bit of extra help during this coming Thanksgiving. Our solutions-based platform is based on creating a better, more efficient and sustainable way of producing natural resources while adapting and innovating to meet the needs of the evolving, modern infrastructure markets. We are proud of our investments we have made in our operations and rare earth element innovations to bring well-paying, sustainable jobs as well as new economic opportunities to the region. The town of Hazard has a bright future and it's an honor to involve our local workforce to give back and pay it forward into the local community and region. Furthermore, we couldn't be happier to support local businesses such as Big Blue Smokehouse, a top local BBQ restaurant to provide the meals for our recipients!"
The 20 families will be nominated by members of the 127 individuals that are currently employed at American Resources' Perry County complex. The nominations will take place over the next 30 days leading up to the holiday season and will allow the Company's workforce to nominate families that they believe need a little bit of extra joy. Recipients will be provided a full Thanksgiving meal from Big Blue Smokehouse that they will be able to pick up at their convenience.
To date, American Resources has created over 125 jobs at its Perry County Resources complex since reopening, following its restructuring efforts to make it the premier low-cost steel making carbon mine, and due to the global COVID-19 pandemic. As the Company continues to scale its operation at PCR, it expects to grow its employee count to approximately 170 in total. Additionally, as the Company sets to restart its McCoy Elkhorn complex in Pike County, Kentucky, to meet the growing demand in the steel and infrastructure markets, it expects to add an additional 140 initial jobs to the region and replicate its employee-driven, Holiday Dinner Support Program.
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.
https://www.accesswire.com/667140/American-Resources-Corporations-Perry-County-Resources-Announces-Its-Thanksgiving-Dinner-Community-Support-Program
Thanks for posting this Renee,
We'll have to see how all this shakes out. BUT if this is what it takes to get us out from under the thumb of the Alberta Securities Commission, it's OK by me.
At this point, I have more questions than answers. I think it's a shame that the ASC has been more of a hindrance than a help to us as shareholders and the company we invested in.
Interesting 8-K read.
I'm in agreement and it can't be soon enough.
FWIW, I tested the TD Ameritrade order system and it doesn't allow new buy orders, but it does allow sell orders to be entered. The same is true for Fidelity.
Add to all this the fact that OTCMarkets.com continues to show current information from the stock transfer agent, American Stock Transfer & Trust Company and VStock Transfer LLC remains open for all to see.
This whole time the Outstanding Shares hasn't significantly changed.
Outstanding Shares 122,571,156 09/28/2021
Greetings Friends and Fellow IHUBers:
I thought I would combine a couple of my Due Diligence posts and make it a new Sticky note. I think most if not all of my affirmations continue to stand.
I share some of the frustration that many have voiced, but remain convinced that another chapter (or perhaps a sequel) to Fortem Resources has yet to be written.
Updates and information has been hard to come by, but the facts are still the facts. With a bit of research and due diligence, quite a bit of information has been supplied to make sense of the last two years.
Here's my post from February 16, 2021 Post #2487
"I don't think FTMR is a lost cause.
"Someone pointed out the trendline of FTMR's stock price. It's pretty sad and as I mentioned, it's been pretty grueling. Fortunately, graphs only record what has happened in the past and don't really provide a reliable picture of what might happen in the future. I think most of us buy shares because we think they will appreciate in value in the future. If everything had gone well and we had hit the desired milestones, we would certainly not be the 25 cent stock we've become. Who knows what's going to happen in the future?
"I guess I'm a contrarian when it comes to companies like this. I believe Fortem still has a future. Is that a judgment call? Sure. Is that hope unfounded? I don't think so.
"Here's what I see:
"1. Fortem Resources continues to retain control of some pretty expansive and potentially valuable properties.
"2. Billionaire Marc A. Bruner put a number of his own properties into FTMR. A couple of others (Angela Mainardi and Jaime Melo) also put their properties into Fortem Resources. The owners of these properties hold almost 60% of the outstanding shares. Add management and this total rises to 70%. I remember hearing claims that if these properties could be tested and proven they could potentially be worth billions. I don't think the potential value of these properties has changed.
"3. The Cease Trade Order (CTO) was transparently reported and explained. Up until that point, they had been fully reporting and up to date. I remember hearing that uplisting was to the OTCQX and perhaps higher was a possibility.
"A fellow investor said to me as far as he could tell, the company has done nothing wrong. They had fully audited filings and were changing from one accounting firm to another, but the former auditor wouldn't sign off on their work. Yes, THEY WOULDN'T SIGN OFF ON THEIR OWN WORK. Crazy.
"Despite the failure of their former accounting firm, in an effort to get the CTO lifted, FTMR had their new accounting firm review, reaudit, and then refile their prior quarterly and annual filings. They've pretty much done all they can do.
"4. The Alberta Stock Exchange, I suppose in part due to COVID, has not been very helpful. So far as I know, they have not taken any action or made the decision to lift the CTO. I've heard FTMR hired attorneys to try and resolve the matter, but it has been slow going. I believe at some point there has to be some resolution to the matter.
"5 Encouragingly, the Outstanding Shares have not increased significantly in the last 4 years.
"As of July 20, 2020, there were 122,571,156."
"As of October 15, 2019, there were 122,571,156 shares of common stock outstanding."
"As of August 31, 2018 120,771,156 common shares (117,872,458 at February 28, 2018).
"6. From what I can tell, current and past management have not been receiving much for wages but have mostly been working for the future value and eventual success of the company. I think the resignation of the board members and officers of the company was a demonstration to the Alberta Stock Exchange of the negative impact their inaction is having on the company.
"7. And lastly, there have been some surprisingly large bids lately. Over the last month, it's not been unusual to see bids for 50K or even a $100K. However, last Friday there were bids for 701K shares (one for 400K and another for 301K) and today there's been a persistent bid for 350K shares. I'm not sure why, but it makes me wonder.
(FWIW, I placed a bid at 25 cents and caught some shares.)"
Here's a subsequent post I made June 24, 2021: Post # 2487
"I’m still in fundamental agreement with what I wrote in my previous post (sticky post #2487). I had thought by now we would have been given some indication of how things are going. Although I understand that they don’t want to be making changes and thus become a moving target in the eyes of the Alberta Stock Exchange CTO removal.
"As for additional reasons to be optimistic about Fortem Resources, here are a couple more points:
"8. The price of crude oil has recently been rebounding to the $60 range, with some projecting that we could see $80 or even $100 per barrel.
"That being the case, privately held oil and gas properties will be increasing valuable and sought.
"9. As I have looked over the fillings, the essence of the accounting disagreement is how the acquired properties be valued and carried on the books of the company.
"1) At the value represented by both the issued stock and the cash portion.
"OR
"2) At the value of just the cash portion paid for the properties (and thus not the value of the tens of millions of shares issued to acquire the properties).
"It seems almost ridiculous to me to think that anyone world sell with their properties for less than a value that would fairly represent the properties value. The underlying value of the shares have to be taken into account when valuing the purchase price, as well as the book value those properties continue to have as asset value on the books of the company.
"With other investors I’m looking forward to the company putting this behind them. Will it be weeks or months? Who knows. Time will tell."
Not an exciting release, but another link in the chain to what they’re hoping to become.
News American Resources Corporation Engages Industry Expert for Rare Earth Element Collection and Analysis
Friday, September 17, 2021 8:30 AM
Rodney Campbell brings industry leading expertise to assist with the Company's Capture process and technologies in analyzing controlled feedstocks of rare earth elements (REEs)
FISHERS, IN / ACCESSWIRE / September 17, 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 marketplace, today announced it has engaged Rodney Campbell, President and founder of Advanced Minerals, Inc., to spearhead and assist with the collection and analysis of the Company's controlled, carbon-based REE feedstocks. Mr. Campbell will focus on refining and advancing the sampling, handling and analysis of REE feedstocks from the Company's acid mine drainage (AMD) and coal processing waste streams in conjunction with the American Resources' sponsored research partnership with Penn State University.
Mark Jensen, CEO of American Resources Corporation commented, "As we continue to execute on our American Rare Earth business plan and commercialization of our process chain, we are encouraged by the opportunities that we are seeing to create and foster a sustainable supply chain of rare earth and critical minerals using the most environmentally safe methods ever developed. Our "Capture" technology will allow us to use solution-based innovation to offset current costs by collecting the rare earth metals as we process carbon and treat existing coal waste streams. When combined with the balance of our process chain, "Process" and "Purify", we bring a practical and comprehensive approach in creating a sustainable, domestic supply chain of these increasingly important raw materials able to be made commercial when combine with "Byproduct Economics". The engagement of Rodney, with his industry leading expertise, will allow us to advance our Capture process more effectively."
Mr. Campbell brings over 40 years of mineral analysis experience including regional leadership roles at SGS and Mineral Labs, Inc. At SGS, he served as Vice President of Appalachia Operations as well as international sales in Australia and India. At Mineral Labs, Rodney oversaw laboratory quality, sales and marketing and provided research and development for sampling rare earth elements and other minerals. Mr. Campbell has known and worked with American Resources Corporation for several years in his prior roles, and recently started his own consulting firm, Advanced Minerals, Inc.
Mr. Campbell added, "This is a very exciting time to be assisting American Resources as they continue to drive innovation in their industry and meet the demands of the evolving infrastructure market. Their rare earth element division, American Rare Earth, is bringing real and viable solutions to address the supply chain and environmental challenges that we are facing. I very much look forward to collaborating with them to further execute on their goals."
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. 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
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/664434/American-Resources-Corporation-Engages-Industry-Expert-for-Rare-Earth-Element-Collection-and-Analysis
All Good points! As they say... things are getting intersesting!
Seems like our cheerleaders are taking a break.
Does anyone have any expecations they'd care to share?
From my perspective, the stock has been trading differently over the last month or so. There has been substantial volume at prices well below what had been our prior trading range.
What are we to think? Some legacy shareholders have decided to clear their positions? Perhaps.
Seems the stock is trading differently today.
Since this news came out, we've seen a decided increase in volume and the share price.
Two things that go well together.
Who knows... but I would not be surprised to see this trend continue.
An Example I’d what I’m talking about.
News Release Today: QSAM Biosciences Seeks to Expand Radiochemical Assets; Signs Option Agreement to License its Second Promising Cancer Therapy
Austin, Texas, March 17, 2021 (GLOBE NEWSWIRE) -- QSAM Biosciences, Inc. (OTCQB: QSAM) announced today that it has signed an Exclusive Option Agreement with IsoTherapeutics Group, LLC to allow the Company a 120-day period to perform diligence and negotiate a worldwide, exclusive license agreement for a pre-clinical staged radiochemical therapy called BetaBrach™.
BetaBrach is a brachytherapy, a cancer treatment where radioactive implants are inserted directly into diseased tissue to eradicate the target tumor. BetaBrach uses beta radiation (Yyttrium-90) chemically formulated to significantly reduce migration to non-targeted healthy tissue. It has been used extensively in numerous small animal laboratory models of cancer as well as in the University of Missouri’s College of Veterinary Medicine to treat large animals with naturally occurring tumors with very promising results. Such therapy could be used to treat many types of cancer in humans, including breast and prostate.
“This is an important step in our strategy to build a pipeline of radiochemical assets to develop and commercialize for critical and high unmet medical needs, such as cancer,” stated Douglas R. Baum, the Company’s CEO and Co-Founder. “Delivering a precise and personalized dose of BetaBrach directly to the targeted tumor has the potential to be an optimal treatment option for a broad base of cancer patients, as we believe it can also prevent the debilitating side effects and systemic toxicity associated with current treatments such as chemotherapy.”
The option to license BetaBrach follows the Company’s strategy used to acquire the worldwide rights to CycloSam® (Samarium-153 DOTMP) in 2020 from an IsoTherapeutics affiliated company whose founders created Quadramet® (Samarium-153-EDTMP), one of the first FDA approved and commercially available radiopharmaceuticals.
https://www.otcmarkets.com/stock/QSAM/news/QSAM-Biosciences-Seeks-to-Expand-Radiochemical-Assets-Signs-Option-Agreement-to-License-its-Second-Promising-Cancer-Ther?id=294067
I think this multiplies the potential value of QSAM as additional drugs and treatments are developed and put forward.
Exactly. I’ve come to the same conclusion. Check out this April 28, 2021 powers release… check out the bold print…
News 4/28/2020 Q2Earth’s Bioscience Subsidiary, QSAM Therapeutics, Signs License for Promising Drug to Treat Bone Cancer.
Palm Beach, FL, April 28, 2020 (GLOBE NEWSWIRE) -- Q2Earth, Inc. (OTCQB: QPWR) (the “Company” or “Q2”) announced today that its wholly-owned subsidiary, QSAM Therapeutics Inc. (“QSAM”), has signed a Patent and Technology License Agreement and Trademark Assignment with IGL Pharma, Inc. (“IGL”).
The License Agreement provides QSAM with exclusive, worldwide and sub-licensable rights for up to 20 years to all of IGL’s patents, product data and knowhow with respect to Samaium-153 DOTMP (the “Technology”), a clinical stage novel radiopharmaceutical meant to treat different types of bone cancer and related diseases. The Technology was originally developed by IGL’s affiliated company ISO Therapeutics Group, LLC (“ISO”) whose founders created Quadramet® (Samarium-153-EDTMP), one of the first commercial radiopharmaceuticals. The License Agreement also provides QSAM a first right of refusal for other IGL/ISO technologies.
Initial indications for Samarium-153 DOTMP include bone marrow ablation, a pre-transplant procedure used to treat various diseases including cancer, immune system disorders and blood diseases including sickle cell disease. According to the U.S. Health Resources & Services Administration, approximately 23,000 transplant procedures were performed in 2018, representing a market in the United States of over $1 Billion per year. Other important indications for the Technology include pediatric osteosarcoma, a devastating form of bone cancer afflicting children, adult osteosarcoma, as well as a broader market in metastasized adult and pediatric bone cancers.
Douglas Baum, a Director of the Company who has been named President and CEO of the subsidiary QSAM, stated: “We thank the IGL and ISO team for entrusting us to advance their novel technology to commercialization. We believe we will be able to enter clinical trials this year and, in short order, demonstrate the efficacy and safety of this radiopharmaceutical.”
“For Q2 shareholders, our license with IGL is an important milestone in our 2020 strategic plan which includes securing new technologies in the broader biosciences sector. This licensed technology provides a foundation to bring in new capital and reduce our current debt burden, which may include an investment and purchase of assets and contracts by our affiliated company, Earth Property Holdings. Our goal is to advance this plan in the coming months,” continued Mr. Baum, a senior executive with over 28 years of experience in biosciences and drug and medical device commercialization.
About QSAM: QSAM Therapeutics Inc., a newly formed subsidiary of Q2Earth, holds the worldwide license for Samaium-153 DOTMP, a clinical stage novel radiopharmaceutical meant to treat different types of bone cancer and related diseases. This technology uses low specific activity Samarium-153 (resulting in far less europium) and DOTMP, a chelator which is believed to eliminate off-target migration and targets high bone turn over making it an ideal agent to treat osteosarcoma, bone metastases and to perform bone marrow ablation. Sm-153 DOTMP has been cleared by the FDA under an investigator initiated IND to commence human dosing of cancer patients.
About Q2Earth: Q2Earth currently manages compost and soil manufacturing facilities, and holds a license for an all-natural soil health supplement called ABS. The Company is pursuing additional licensing opportunities in biotech and biosciences that will expand its intellectual property portfolio and create new business opportunities.
https://www.otcmarkets.com/stock/QPWR/news/Q2Earths-Bioscience-Subsidiary-QSAM-Therapeutics-Signs-License-for-Promising-Drug-to-Treat-Bone-Cancer?id=260331
Been following since merger. Experienced management with successful record Of dozens of drugs approved through FDA.
Plus, you have to dig to see it, but their agreement with the drug developer entitles them to right of first refusal to license all future drugs they develop.
Incredible potential for becoming a buy out candidate.
Clarification. After posting I noticed the Article is dated March 1, 2021.
However, it showed up on my TD Ameritrade Dashboard: Position News TODAY.
Makes no sense.
Coincidence??!! Pretty big company mentioning a pretty little stock
3:32p ET 3/1/2021 - Benzinga
February's Comeback: Recovering From My Biggest Loss
Mentioned: CPSH GME SPYR
Despite containing fewer than 20 trading days throughout the month, February has been an exercise in brinksmanship and control across my trading accounts. And while the month started as one of the worst in my career, including a brutal -$240,000 loss on a single trade in CPS Technologies Corporation (NASDAQ: CPSH), I finished the back half of the month with one of my strongest periods of profit in my history as a day trader.
All told, after hitting bottom at around -$300,000 in the first week of the month, I was able to claw back some of that loss in the following week. However, it was the last two weeks of the month that I've been able to string together 10 green days in a row that brought me out of the hole and put me in the green for February by about $400,000.
Those 10 green days saw me add $600,000 in gross profit, putting my daily average of that period at roughly three times my daily goal.
That end-of-month recovery was of course helped by the same rapid momentum that has characterized the market recently, particularly in SPYR, Inc. (OTC: SPYR) on Wednesday and the resurgence of the GameStop Corp. (NYSE: GME) short squeeze late in the month.
However, what's truly helped me regain control of my trading are the same steps I tend to take when I feel as though I've lost the plot of the market, including lowering my share size and scaling into positions so as to lock in profits early before stepping on the gas. Those final two weeks of February had substantially fewer, and substantially less dramatic, drawdowns, so I wasn't constantly finding myself playing catchup in order to end the day in the green.
One of the most helpful steps I was able to take in the final weeks of February was to come to each trading day more calm and collected, deliberately exercising discipline not only in my trades but in how I started my day. I say often in my live trading and recap videos on the Warrior Trading Facebook and Youtube pages, but getting in the habit of waking up after a good night's rest, starting the day with some exercise and finding your center before making a single trade is the most surefire way of improving your trading results over the long term.
It's not easy to always do this, and some days it may not work. However, I'm going to try and carry that mentality into March and keep the momentum I've built up over the past couple of weeks going.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Yes! Tom, Dick, and Harry as well.
So far as I can tell it’s only visible on the website and not the app. (Not unlike only being able to edit ones posts.)
I’ll try post a screen shot: didn’t work.
It’s just below where the Moderators are listed.