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 reports developments in the U.S. critical mineral supply chain, including upstream and downstream initiatives tied to rare earth elements, critical battery materials and circular feedstock sourcing. Company updates frequently reference its affiliated minority holding in ReElement Technologies, a rare earth and critical mineral refining business serving commercial and defense markets.
Recurring news themes include ReElement refining technology, intellectual property for lithium and mineral separation, customer and strategic-partner discussions, refinery buildout activity, and Electrified Materials recycling, pre-processing and conditioning capacity for magnets, copper, aluminum, ferrous metals and rare earth feedstocks. American Resources also issues shareholder updates on corporate initiatives and subsidiary-level growth platforms.
American Infrastructure (AIC), a subsidiary of American Resources (NASDAQ:AREC), has entered into a binding term sheet to merge with CGrowth Capital, Inc. (OTC PINK:CGRA). Following the merger, AIC will become a wholly owned subsidiary of CGRA, which will be renamed to American Infrastructure Holding .
The merger is structured as a tax-free exchange where AIC shareholders will receive Series A Preferred Stock, convertible into common shares of the post-merger company. The Series A Preferred Stock includes an anti-dilution provision, ensuring 92% ownership of common stock after twelve months.
AIC has previously received multiple LOIs for structured transactions ranging from $150 million to $280 million. The company operates six coal mining and processing subsidiaries in Eastern Kentucky and West Virginia, focusing on metallurgical carbon supply to the steel industry, along with iron ore and titanium assets in Jamaica.
ReElement Technologies, a subsidiary of American Resources (NASDAQ:AREC), has successfully refined terbium to greater than 99.5% purity, along with dysprosium, neodymium, and praseodymium. The company's Marion, Indiana Super Site utilizes patented Ligand Assisted Displacement (LAD) chromatography technology, positioning itself as the only economically viable rare earth oxide producer in the U.S. capable of separating heavy rare earth elements.
The company's technology offers a more environmentally friendly and cost-effective alternative to traditional solvent-based extraction methods, with capabilities to process both primary and recycled feedstocks. ReElement claims to achieve ultra-high purity at prices competitive with or lower than the Chinese market, targeting high-demand markets including the national defense supply chain.
American Resources (NASDAQ:AREC) has announced the completion of its American Infrastructure (AIC) spin-off through a special dividend distribution. Following an initial distribution on August 9, 2024, AREC will distribute the remaining majority of AIC shares to its shareholders. The distribution ratio is set at one AIC share for approximately every seven AREC shares held. Shareholders of record as of December 31, 2024, will receive their shares on or about February 14, 2025. This move will establish AIC as a standalone entity focused on being a diversified supplier of infrastructure raw materials.
American Resources (NASDAQ:AREC) has announced that its subsidiary, ReElement Technologies, will host a live Virtual Investor 'What This Means' webcast on December 16, 2024, at 4:00 PM ET. The webcast will feature CEO Mark Jensen discussing the economic viability of rare earth element production from carbon mine waste. The event will include a moderated discussion and live Q&A session with investors.
ReElement Technologies specializes in high-performance refining of rare earth and critical battery elements through its multi-mineral, multi-feedstock platform technology. The company's 'Powered by ReElement' process aims to support the growing global demand for magnet and battery-grade products through efficient and environmentally safe methods.
American Resources (NASDAQ:AREC) has announced that its subsidiary, ReElement Technologies, has demonstrated technical and economic viability in producing rare earth elements from carbon mine waste streams. The company's Wyoming County Coal project shows mixed rare earth oxide concentrations exceeding 500 ppm, with an estimated 128 million tons of waste material available, including 8 million tons at their West Virginia property.
ReElement's proprietary refining process, using Ligand Assisted Displacement (LAD) chromatography, offers a more environmentally friendly and cost-effective alternative to conventional methods. The company plans to process these materials at its Kentucky Lithium facility, addressing the critical mineral supply chain challenges amid increasing trade restrictions with China, which currently refines over 90% of global rare earth elements.
American Resources (NASDAQ:AREC) announced that its subsidiary, Electrified Materials (formerly American Metals ), has terminated its de-SPAC merger with AI Transportation Acquisition Corp. Instead, EMC will pursue a direct listing through a Form 10 filing with the SEC.
The decision came after concerns arose regarding the Chinese executives and advisors of AI Transportation's actions and their disregard for U.S. corporate and contractual laws. EMC, which has commercial ties with ReElement Technologies in critical minerals refining, believes a Form 10 spinoff better ensures domestic ownership and compliance with U.S. laws.
The company has completed the Form 10 preparation and plans to file it promptly with the SEC. Both EMC and American Resources intend to seek damages against AI Transportation Acquisition Corp, its executives, and advisors.
American Resources 's subsidiary ReElement Technologies has signed an MOU with POSCO International to develop a commercial partnership for rare earth element refining and recycling. ReElement will become POSCO's primary North American refiner, supporting nearly $900MM in announced OEM contracts. The collaboration integrates ReElement's efficient magnet recycling and rare earth ore refining processes into POSCO's global rare earth magnet manufacturing network. ReElement's patented technology offers an environmentally safer alternative to conventional solvent-based processes, reducing CapEx, physical footprint, and chemical usage while lowering OpEx for mineral separation.
American Resources (NASDAQ:AREC) released a shareholder letter highlighting progress across its business divisions. The company's key focus is ReElement Technologies, which has developed technology for separating and purifying rare earth elements and critical minerals at costs competitive with China. ReElement is establishing a Customer Qualification Plant in Noblesville and developing the Marion Advanced Technology Center. The company is also repurposing a Knott County Coal plant for lithium refining. Additional developments include American Metals' partnership with LOHUM Cleantech for battery recycling, progress in American Infrastructure's metallurgical carbon operations, and advancement in subsidiary companies Royalty Management Holding and Novusterra Inc.
American Resources (NASDAQ:AREC) reported Q3 2024 financial results with a net loss of $9.8 million ($0.13 per share), compared to a net loss of $274,167 in Q3 2023. Total revenues were $235,443, down from $5.81 million in Q3 2023. The company reported an adjusted EBITDA loss of $6.9 million.
Key developments include ReElement Technologies' partnerships with IRIS Metals and Vulcan Elements, successful execution of a $150 million bond agreement for Kentucky Lithium, and progress in rare earth element production. The company announced plans to distribute ReElement Technologies shares as a special dividend to shareholders of record as of December 31, 2024.
American Resources (NASDAQ:AREC) has announced a special dividend distribution of ReElement Technologies shares, with shareholders receiving 1 ReElement share for every 3 AREC shares held as of December 31, 2024. The distribution is scheduled for February 15, 2025. Additionally, ReElement Technologies has secured initial investments through two-year convertible notes bearing 12% annual interest, as part of a private financing round of up to $20 million. The notes are convertible at a $150 million pre-money valuation, equivalent to approximately $1.94 per AREC share.