American Resources Corp (AREC): -American Resources Corporation Begins E...

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Tuesday, 10/19/2021 9:51:30 AM

Tuesday, October 19, 2021 9:51:30 AM

-American Resources Corporation Begins Engineering and Planning for Restart of Company’s West Virginia Metallurgical Carbon Complex-

FISHERS, IN / ACCESSWIRE / October 19, 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 commenced engineering and planning for the restart of its wholly owned Wyoming County Coal mining complex, near the town on of Oceana, West Virginia. The complex is unique in that it is one of the last fully permitted complexes accessing premium, "mid vol" metallurgical carbon for steel production…

… American Resources Corporation intends to finance the planning, development and expansion of the complex from the operating cash flows of its current operations.

https://www.streetinsider.com/dr/news.php?id=19075435&gfv=1

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