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.
American Resources (NASDAQ:AREC) has announced a change in the distribution date for the special dividend of its subsidiary, American Carbon Initially set for an earlier date, the distribution will now occur on August 9, 2024, to facilitate the listing of American Carbon on a national exchange. Shareholders of American Resources as of May 27, 2024, remain eligible for the dividend. CEO Mark Jensen highlighted the company's dedication to maintaining shareholder liquidity and enhancing value. Additionally, the company is working on establishing distribution dates for its ReElement Technologies division. This adjustment aims to maximize market opportunities and shareholder benefits.
American Resources (NASDAQ: AREC), a provider of rare earth elements, carbon, and advanced materials, will participate in the Virtual Investor Closing Bell Series on May 23, 2024, at 4:00 PM ET. CEO Mark Jensen will present a corporate overview and business outlook, followed by a moderated discussion where investors can submit questions. This event, available via live webcast on the company's website, will also offer a replay for 90 days. American Resources focuses on extracting and processing metallurgical carbon and rare earth minerals, primarily in the Central Appalachian basin. The company leverages a low-cost, growth-oriented model to enhance margins and reduce costs.
American Resources (NASDAQ:AREC) reported its Q1 2024 financial results, detailing a net loss of $6.23 million, or $0.03 per share, increasing from a $3.1 million loss in Q1 2023. Revenue fell sharply to $94,019 from $8.87 million year-over-year. However, adjusted EBITDA improved to $4.84 million from a loss of $1.59 million in Q1 2023.
The company closed a $150 million tax-exempt bond for its Kentucky Lithium refining facility and secured several strategic partnerships. Their ReElement Technologies unit achieved significant milestones in refining critical minerals. They continue to develop their Wyoming County Coal project and reclaimed over 9,000 acres from former mining operations. American Resources also announced a special dividend distribution and a strategic spin-off plan for ReElement and American Carbon.
The company aims to leverage its advanced technologies and partnerships to expand both domestically and internationally, positioning itself as a leader in sustainable critical mineral refining.
American Resources (NASDAQ: AREC), a supplier of rare earth and critical elements, carbon, and advanced carbon materials, will report its first quarter 2024 financial results on May 21, 2024.
The company will host a conference call and live audio webcast the same day at 4:30 PM ET to provide a business outlook.
Participants and investors can join the call by dialing 877-407-4019 and referencing 'American Resources' First Quarter 2024 Conference Call', or via the provided webcast link.
American Resources 's subsidiary, ReElement Technologies, has been accepted as a member of the Defense Industrial Base Consortium (DIBC). The DIBC aims to enhance national security by diversifying and expanding the defense industrial base. ReElement specializes in refining critical minerals like rare earth elements and battery elements, using a patented chromatography process. This membership will help ReElement showcase its ability to onshore refined defense minerals production, which is important for battery, magnet, and military-grade products. CEO Mark Jensen expressed confidence in their technology and plans to scale their operations aggressively.
American Resources 's subsidiary, ReElement Technologies, has successfully refined lithium from lithium brine feedstocks, expanding its Powered by ReElement service offering. This service now integrates into direct lithium extraction (DLE) flow sheets, enhancing purification and reducing chemical usage and capital expenditure. ReElement's patented process optimizes the separation and purification of critical minerals, supporting the refining of battery-grade lithium and other rare elements.
Collaborating with DLE technology providers, ReElement aims to simplify and lower the cost of lithium extraction, improving scalability and efficiency in the global lithium market. The technology is effective on various lithium sources, including naturally occurring lithium and end-of-life battery waste. The company also showcased its achievements at the Direct Lithium Extraction Argentina 2024 conference on May 13-14, 2024.
American Resources (NASDAQ:AREC) announced the adjustment of the record date for its special dividend of Novusterra Inc. to May 27, 2024, and the distribution date to June 11, 2024. This change is due to regulatory and statutory requirements with the NASDAQ Capital Markets and the transition to a new public accounting firm. American Resources focuses on supplying rare earth elements, carbon, and advanced materials for infrastructure and electrification markets. The company operates primarily in the Central Appalachian region, offering metallurgical carbon and rare earth minerals. CEO Mark Jensen mentioned efforts to finalize dates for a similar distribution for ReElement Technologies
American Resources 's subsidiary, ReElement Technologies, partners with LVC Global to revolutionize metal refining in Africa. ReElement's innovative technology and LVC Global's market expertise aim to redefine critical mineral refining practices in Emerging Markets. The partnership focuses on sustainability, efficiency, and local resource utilization in the recycling industry.
American Resources has engaged GBQ Partners as its new independent registered public accounting firm. GBQ is a top 100 tax, accounting, and consulting firm with over 70 years of experience. This move aims to support the growth of American Resources' infrastructure assets and operations. The company is focused on providing high-quality raw materials for the new infrastructure market, including metallurgical carbon and rare earth minerals.
American Resources 's ReElement Technologies, a subsidiary of American Resources (NASDAQ:AREC), will be attending key conferences in May to showcase high-performance refining capacity of rare earth and critical battery elements, addressing industry challenges and promoting sustainable lithium production.
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