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 Resources (NASDAQ: AREC) announces a significant development: India's LOHUM Cleantech has signed an MOU with ReElement Technologies and American Metals to establish the United States' first fully integrated battery recycling and critical material production facility. The joint venture will invest $30 million to create a 15.5 GWh facility, generating 250 green jobs. The facility aims to supply over 315,000 electric vehicles annually with recycled materials.
The integrated facility will cover the entire battery lifecycle, from testing to recycling and refining, producing critical materials with purity levels exceeding 99.5%. Initially located at the Marion Advanced Technology Center in Indiana, the venture plans to expand to other locations. This collaboration is expected to significantly reduce capital expenditure, environmental impact, and operational costs in battery material processing.
American Resources 's ReElement Technologies, American Metals, and LOHUM Cleantech have signed an MOU to establish the United States' first fully integrated battery recycling, repurposing, and critical material production facility. The 15.5 GWh facility will be set up with an initial investment of US$30 Million, creating 250 green jobs. The partnership aims to supply over 315,000 electric vehicles annually with critical materials.
The facility will be located at the Marion Advanced Technology Center in Indiana, producing critical materials with purity levels greater than 99.5%. This joint venture will create a domestic ecosystem of recycled, high-purity lithium for North America's lithium-based battery manufacturing supply chain, significantly reducing capital expenditure, physical footprint, and environmental impact.
American Resources 's subsidiary ReElement Technologies has partnered with Ivy Tech Community College of Indiana to create a training and degree pathway program. This collaboration, part of the Achieve Your Degree initiative, aims to support ReElement's growing employee base in the clean energy and material processing field. The program will focus on ReElement's facilities in Noblesville and Marion, Indiana.
ReElement is expanding operations in Marion, Indiana, with plans to create over 300 fulltime jobs in the clean tech industry. The Marion Advanced Technology Center will produce rare earth elements and critical battery materials, with initial capacities of 2 metric tons per day of ultra-pure rare earth oxides and 50 metric tons per day of lithium-ion battery input material. The facility aims to scale up to 5,000 metric tons of ultra-pure lithium hydroxide or carbonate and 2,000 metric tons of rare earth oxides annually.
American Resources 's subsidiary, ReElement Technologies, has received Military Critical Technical Data Agreement (MCTDA) approval and certification under the United States / Canada Joint Certification Program (JCP). This certification allows ReElement to access sensitive technical data related to military applications for the U.S. Department of Defense and Canadian Department of National Defense.
The MCTDA is important for protecting national security interests by controlling access to sensitive military-related technical information. This certification positions ReElement as a strategic partner for efficient and cost-competitive critical mineral refining outside of China, supporting both electrified goods and critical defense applications.
ReElement's multi-mineral refining platform aims to strengthen the domestic supply chain of critical minerals. The company views this certification as a positive step in collaborating with the DoD and demonstrating its commitment to high security and confidentiality standards in its operations.
American Resources 's (NASDAQ: AREC) ReElement Technologies will participate in several key conferences in September. These include:
- Africa Down Under (Sep 4-6, Perth, Australia) focusing on Australian-African mining and energy relations.
- DIBC Symposium (Sep 11-12, San Diego, CA) featuring interagency and investment community perspectives.
- The Atlantic Council Roundtable (Sep 23-26, New York, NY) addressing global challenges on the sidelines of the UN General Assembly.
- Nasdaq Annual Climate Week Conference (Sep 25, New York, NY) for sustainability professionals.
- Strength Through Innovation Summit (Sep 26-27, Reston, VA) focusing on aerospace, defense, and national security.
- Former National Security Professionals' Conference (Sep 27-28, Arlington, VA).
ReElement Technologies, a subsidiary, is known for its innovative
American Resources (NASDAQ: AREC) reported its Q2 2024 financial results, revealing a net loss of $6.6 million or $0.09 per share, an improvement from the $7.6 million loss in Q2 2023. Second quarter revenues were significantly lower at $4,095, compared to $1.98 million in Q2 2023. Adjusted EBITDA loss improved to $3.9 million from $6.2 million in the prior year.
The company successfully closed a $150 million tax-exempt bond offering for its Kentucky Lithium refining facility. Additionally, it executed a $45 million bond for Wyoming County Coal. American Resources continued its strategy to spin off subsidiaries into standalone entities, including plans for ReElement Technologies and American Infrastructure
Key developments include partnerships with Jupiter Lithium , EDP Renewables, and two German battery recycling platforms. American Resources also established a business combination for American Metals with AI Transportation Acquisition Corp, valued at $170 million.
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.