Welcome to our dedicated page for American Res news (Ticker: AREC), a resource for investors and traders seeking the latest updates and insights on American Res stock.
American Resources Corporation (NASDAQ: AREC) generates news centered on the critical mineral supply chain, rare earth element refining partnerships, and financing activities that support domestic electrification and infrastructure markets. Company press releases highlight its focus on metallurgical carbon and iron ore for steelmaking, as well as critical and rare earth minerals and recycled metals that feed advanced refining platforms.
A recurring theme in AREC news is its affiliation with ReElement Technologies Corporation, a portfolio company that operates a multi-mineral, multi-feedstock refining platform for rare earth and critical battery elements. Updates often cover ReElement’s commercial agreements, intellectual property developments, and strategic equity facilities, in which American Resources participates through its minority holding and feedstock supply role.
Investors following AREC can expect coverage of partnerships and strategic agreements, such as tokenization and blockchain-based traceability initiatives with SAGINT Inc., commercial processing agreements for recycled magnet materials with electronics recyclers, and collaborations aimed at building vertically integrated rare earth magnet supply chains. News items also describe credit facilities and private placements that fund feedstock procurement, coal waste extraction, and critical mineral processing projects.
In addition, American Resources and ReElement frequently announce participation in industry conferences, forums, and investor events across the critical minerals, technology, and industrial innovation ecosystems. These updates provide context on how the company positions itself within U.S. and allied supply chains for high-purity critical minerals. For readers tracking AREC, this news feed offers an ongoing view into its capital formation, strategic partnerships, and operational milestones in critical minerals, recycling, and advanced refining.
RedChip Companies will air interviews with Soligenix Inc. (Nasdaq:SNGX) and American Resources Corp. on Bloomberg TV on August 17, 2024. Soligenix, a late-stage biopharmaceutical company, highlights its strong portfolio with products targeting a potential $2 billion in annual global sales. Key developments include:
1. HyBryte™, a photodynamic therapy for cutaneous T-cell lymphoma, with positive Phase 3 results and $250 million market potential.
2. SGX302 for psoriasis in Phase 2a trial, with over $1 billion market potential.
3. SGX945 for Behçet's Disease, entering Phase 2a later this year.
4. Collaborations and non-dilutive funding supporting vaccine development, including a filovirus vaccine program showing complete protection in non-human primates.
American Resources (NASDAQ:AREC) has announced a change in the date for reporting its second quarter 2024 financial results and conference call. The company will now release its Q2 2024 results on Monday, August 19, 2024, followed by a conference call and live audio webcast at 4:30 PM ET on the same day. Interested participants can access the call by dialing 877-407-4019 or via webcast.
American Resources is a supplier of rare earth and critical elements, carbon, and advanced carbon materials for the new infrastructure and electrification marketplace. The company operates in the Central Appalachian basin, focusing on metallurgical carbon extraction and processing, critical and rare earth minerals for electrification, and metal reprocessing for recycling.
American Resources (NASDAQ:AREC) has announced it will report its second quarter 2024 financial results on Wednesday, August 14, 2024. The company will host a conference call and live audio webcast at 4:30 PM ET on the same day to provide a business outlook. Interested participants can access the call by dialing 877-407-4019 or via webcast.
American Resources is a supplier of rare earth and critical elements, carbon, and advanced carbon materials for the new infrastructure and electrification marketplace. The company operates in the Central Appalachian basin, focusing on metallurgical carbon extraction and processing, critical and rare earth minerals for electrification, and metal reprocessing for recycling.
American Resources (NASDAQ:AREC) has announced updates on its subsidiary, American Carbon , which has been renamed American Infrastructure . The company will distribute 25% of its ownership in American Infrastructure as a special dividend on August 9, 2024. American Infrastructure's strategy focuses on growth and consolidation while reducing operational risk by leasing complexes to qualified operators.
Key developments include:
- Signing a lease for the McCoy Elkhorn mining complex in Kentucky
- Continuing development of the Wyoming County Coal mining complex in West Virginia
- Preparing for separation and public listing of American Infrastructure
- Exploring potential mergers, joint ventures, and sales of divisions
The company aims to unlock value for shareholders and simplify its business structure by separating divisions into standalone entities.
American Resources 's subsidiary, ReElement Technologies, has achieved over 99.5% purity in separating rare earth elements from ore feedstock, including 99.7% pure Neodymium and 99.9% pure Neodymium/Praseodymium. This milestone, announced on July 31, 2024, showcases ReElement's ability to cost-effectively separate and purify magnet-grade rare earth elements using a novel, environmentally friendly method that avoids solvent extraction.
The company's technology platform, developed with exclusive patents from Purdue University, is scalable and efficient, capable of handling various feedstocks. The REE market, valued at $5.37 billion in 2022, is expected to reach $14.24 billion by 2030. ReElement's approach is positioned to capitalize on this growing market by providing a sustainable and cost-effective solution for rare earth element extraction and purification.
American Resources' subsidiary, ReElement Technologies, has partnered with Jupiter Lithium to develop Nigeria's first large-scale lithium deposit. Spanning 442 sq km, the project aims to make Nigeria a regional hub for lithium mining and EV manufacturing. Initial production of 55,000 tons of 6% lithium spodumene concentrate is expected in Q1 2025, ramping up to 167,000 tons in two years. ReElement will build a high-purity lithium carbonate processing facility, leveraging its innovative chromatographic technology. The project seeks to support local economic development, including job creation and infrastructure improvements, and strengthen Nigeria's non-oil export sector. The phased development approach has the Nigerian government's support.
American Resources (NASDAQ:AREC) announced its participation in a Virtual Investor CEO Connect segment, featuring CEO Mark Jensen. In this segment, Mr. Jensen discussed the company’s current opportunities, ongoing actions to unlock value, and the focus of its business lines. American Resources specializes in supplying rare earth and critical elements, carbon, and advanced carbon materials for infrastructure and electrification markets. With operations in eastern Kentucky and southern West Virginia, the company employs a low-cost business model to maximize margins and reduce costs, aiming for significant growth in the global infrastructure and electrification markets.
American Resources (NASDAQ:AREC) has entered into an agreement for a third party to capture and process coal bed methane (CBM) and coal mine methane (CMM) at its Mine #15 in Pike County, Kentucky. This initiative is expected to generate new revenue streams and improve mine safety without requiring any capital investment from the company. The improved safety and reduced costs are anticipated as the company evaluates restarting its metallurgical carbon operations. The agreement is part of American Resources' broader strategy to enhance environmental stewardship and maximize asset value through methane capture and processing, ultimately benefiting shareholders. Additionally, the company's American Carbon division is being spun off to focus on restarting high-quality metallurgical carbon mining operations.
American Resources 's subsidiary, American Metals , has entered into a business combination agreement with AI Transportation Acquisition Corp, valued at $170 million.
Post-transaction, both companies will become subsidiaries of Electrified Materials , which will be listed on Nasdaq under 'EMCO'.
American Metals, a recycler of metals for the electrified economy, aims to expand its operations in recycling and refining critical metals such as copper, aluminum, and battery elements.
The combination aims to leverage the growing demand for these metals and streamline the supply chain through partnerships, including with ReElement Technologies.
The transaction is subject to regulatory and shareholder approvals.
American Resources (NASDAQ:AREC) has issued a statement in response to market volatility driven by false allegations about a stock issuance. The claims, circulated in online chat rooms, suggested that the company was issuing 20 million shares at 48 cents each, which the company vehemently denies. CEO Mark Jensen highlighted the damaging effects of such misinformation and announced that the company has filed a complaint with the SEC and NASDAQ to investigate these activities. He emphasized that American Resources is not raising capital at this time and is focusing on growing its business through non-dilutive capital methods. Jensen also criticized the systemic issue of naked short selling and speculative trading based on false information, calling for regulatory investigations.
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