American Resources Corp (AREC)

[RandyKCMO]

NEWS RELEASE: American Resources Further Reduces Environmental Liabilities and Long-Term Costs

Strategic execution of environmental reclamation efforts further enhances Company's long-term value and reduce long-term cost structure

Company is poised to be one of the fastest growing U.S. supplier of high-quality met carbon and well positioned to serve long-term steel markets driven by global infrastructure demand

FISHERS, IN / ACCESSWIRE / September 10, 2020 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a supplier of raw materials to the rapidly growing global infrastructure marketplace, today provided an update on the further reduction of its environmental liabilities through the remediation of certain idled, non-core permits. Through its expanded environmental efforts, the Company has been able to expediate its environmental reclamation process during the COVID-19 pandemic and successfully receive bond releases of an additional $400,000 of associated reclamation bonds. Additionally, the Company has made substantial progress in the reclamation process that represents approximately an additional $7 million of bonds.

Mark Jensen, Chairman and CEO of American Resources Corporation commented, "We are extremely proud of our team's efforts to efficiently pull forward our environmental reclamation work which we believe will drive significant long-term value for our shareholders, as well as demonstrates our ability to think outside the box during these past few months. Additionally, the launch of American Metals has enabled us to leverage our environmental work to create a valuable, high-margin revenue stream for the Company, while also diversifying our product offerings that we can provide customers. We believe it is actions like this that separate us from our competitors."

American Resources, since inception, has strategically acquired and restructured mining complexes to set itself up for being one of the fastest growing, lowest cost metallurgical carbon platforms in the Central Appalachian basin over the next few years through cost cutting and right-sizing operations designed to fit the current and future market conditions. The Company is committed to continuing its efforts to identify operational efficiencies and ways to reduce future liabilities in its ongoing goal to be one of the lowest cost operators and responsible stewards of the environment in Central Appalachia and throughout all its coal mining, processing, and transportation operations.

About American Resources Corporation

American Resources Corporation is a supplier of high-quality raw materials to the rapidly growing global infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking. 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 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 market 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




https://www.otcmarkets.com/stock/AREC/news/story?e&id=1689491