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American Resources Corporation - AREC STOCK NEWS

Welcome to our dedicated news page for American Resources Corporation (Ticker: AREC), a resource for investors and traders seeking the latest updates and insights on American Resources Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American Resources Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of American Resources Corporation's position in the market.

Rhea-AI Summary
American Resources 's subsidiary, ReElement Technologies, receives a certificate of occupancy for its Marion, Indiana supersite, aiming to reduce China's stronghold on rare earth elements and lithium production. The site plans to produce 5,000 metric tons of lithium carbonate and 1,000 metric tons of rare earth oxides, generating $142 million in revenue potential. The project aims to reshore domestic manufacturing, create jobs, enhance national security, and establish the largest producer of these elements in the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
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Rhea-AI Summary
American Resources 's subsidiary, ReElement Technologies, launches 'Powered by ReElement' service offering for separation and purification of critical elements. The collaborative platform aims to optimize existing processes, reduce costs, and enhance efficiency in refining rare earth and battery elements. The new product offering provides flexible solutions for partners to improve their refining processes and achieve high-purity materials. CEO Mark Jensen highlights the goal of establishing a global supply chain and overcoming challenges in traditional extraction processes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.19%
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Rhea-AI Summary
American Resources 's subsidiary, ReElement Technologies, has expanded its exclusive rights for rare earth element purification technology to include all feedstocks, including rare earth ores. This expansion allows ReElement to produce ultra-pure rare earth oxides and critical battery elements in a cost-effective and environmentally friendly manner. The technology, developed at Purdue University, aims to reduce the reliance on China for rare earth elements, promoting global independence in refining supply chains.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.88%
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none
Rhea-AI Summary
American Resources 's subsidiary ReElement Technologies to participate in various industry events in April 2024, showcasing their expertise in rare earth and critical battery elements refining. Executives will attend conferences to discuss challenges, finance, innovation, and networking opportunities.
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Rhea-AI Summary
American Resources (AREC) declares a special dividend of shares of its subsidiary, American Carbon , in preparation for a public listing, with a 1-for-4 share distribution ratio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.62%
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dividends
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Rhea-AI Summary
American Resources (AREC) announces a reduction of over $1.05 million in environmental bonding liability through reclamation and remediation efforts on acquired mining land. The company has reclaimed over 9,000 acres of previously impacted coal mining operations, showcasing its commitment to environmental stewardship and cost reduction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
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Rhea-AI Summary
American Resources (NASDAQ:AREC) announces successful rare earth deposits with over 550 ppm in Wyoming County, WV. The company plans to concentrate rare earth minerals alongside carbon production, reducing costs and unlocking value. CEO Tarlis Thompson highlights the innovative approach to make extraction economically viable. The partnership with ReElement Technologies aims to provide an alternative to China's dominance in rare earth refining.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.96%
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Rhea-AI Summary
American Resources successfully closed a $150 million tax-exempt bond offering for its Kentucky Lithium refining facility. The company is a pioneer in rare earth elements and critical battery elements production, with patented technology and innovative partnerships. Strong financials support growth plans and collaborations. Key highlights include partnerships with major auto manufacturers and wind energy producers, as well as advancements in critical mineral refining technology. The company aims to spin off ReElement Technologies and American Carbon as standalone businesses in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.96%
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Rhea-AI Summary
American Resources 's subsidiary, ReElement Technologies , has closed a $150 million Bond Purchase Agreement with Hilltop Securities Inc. to fund the development of a lithium processing facility in Kentucky. The facility aims to produce battery-grade lithium carbonate and lithium hydroxide with a low carbon footprint and employ coal industry workers for a sustainable energy transition. The project is expected to create over 100 well-paying jobs and meet IRA compliance for the battery industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.76%
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Rhea-AI Summary
ReElement Technologies, a subsidiary of American Resources (NASDAQ:AREC), has partnered with a major U.S. auto manufacturer to establish a circular economy for rare earth magnets. By recycling rare earth elements within EV motors back to ultra-pure magnet-grade rare-earth oxides, ReElement is leading in sustainability and circularity solutions for the domestic supply chain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.57%
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partnership
American Resources Corporation

Nasdaq:AREC

AREC Rankings

AREC Stock Data

109.27M
51.17M
44.88%
9.23%
2.86%
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About AREC

american resources corporation supplies raw materials for the global infrastructure marketplace. the company focuses on the extraction and processing of metallurgical carbon used in steelmaking. it has a portfolio of operations located in the central appalachian basin of eastern kentucky and southern west virginia. the company was founded in 2006 and is headquartered in fishers, indiana.