I think the company was so committed to their long term success that they were willing to give up a percentage of ownership and interest to guarantee their long term success.
They raised $3.8 million in the current quarter so that into the foreseeable future they will generate tens and even hundreds of millions of dollars in revenue.
Tuesday's press release demonstrates this quite clearly.
The $3.8 Million in financing when fully implemented will increase MONTHLY production by 40,000 salable tons.
What does that mean??? This financing will enable AREC's monthly production to increase more than they produced in all of 2018... Or twice what they produced in the first two quarters is 2019.
Each of these 40,000 tons are worth roughly $100 per ton OR roughly $4 Million in revenue each month. And this is just from the mines being updated.
What were seeing is that the coal industry is heavily front-loaded. It takes a lot of capital to prepare mines and start production.
However, once production begins, revenue generation far outweighs the cost of extraction. At a certain point AREC's cash flow will enable them to continue and expand their production internally.
In other words, their future success will basically become a done deal.
Watch for opportunities with those you trust.
Recent AREC News
- Micro Cap Soars +20% Following Subsidiary Agreement Announcement • AllPennyStocks.com • 09/18/2024 05:10:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 08:06:51 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/19/2024 08:05:58 PM
- U.S. Index Futures Mixed, Oil Prices Dip • IH Market News • 08/19/2024 09:29:39 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 08:31:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 09:00:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/24/2024 07:35:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/18/2024 08:45:30 PM
- American Resources Corporation’s American Metals LLC Executes Business Combination with Nasdaq Listed AI Transportation Acquisition Corp • GlobeNewswire Inc. • 07/01/2024 12:00:00 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 05/22/2024 08:05:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 08:05:24 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 09:27:26 PM
- At278 Ultra-Concentrated Ultra-Rapid Acting Insulin Demonstrates Superiority in Phase i Clinical Trial in Overweight and Obese People With Type 2 Diabetes • GlobeNewswire Inc. • 05/20/2024 11:00:00 AM
- Arecor and Medtronic Diabetes establish collaboration to develop a novel thermostable insulin for implantable pump delivery • GlobeNewswire Inc. • 05/09/2024 11:00:00 AM
- ARECOR AND TRx BIOSCIENCES ESTABLISH RESEARCH COLLABORATION TO DEVELOP ORAL GLP-1 WITH ENHANCED BIOAVAILABILITY • GlobeNewswire Inc. • 03/12/2024 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 01:04:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 03:58:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 02:15:50 PM
- First Product Incorporating Arecor’s Arestat Technology, At220, Launched in Europe • GlobeNewswire Inc. • 11/17/2023 07:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/09/2023 09:50:15 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM