American Res Corp Stock Price, News & Analysis

American Resources Corporation (NASDAQ:AREC) will present at the Virtual Investor Company Spotlight Event on March 1, 2023, at 2:00 PM ET, featuring CEO Mark Jensen. Investors can access a live video webcast on the Company’s website, with a replay available for 90 days. American Resources focuses on extracting and processing metallurgical carbon and rare earth minerals, primarily in Kentucky and West Virginia. The Company emphasizes a low-cost business model aimed at growth in the electrification and infrastructure markets.

American Resources Corporation (NASDAQ:AREC) has joined NAATBatt International, enhancing its position in the battery technology sector. The company aims to lead the domestic supply chain for rare earth elements and critical minerals. ReElement Technologies, a subsidiary, specializes in low-cost, high-purity refining of battery materials, reducing U.S. dependency on foreign sources. With a patented chromatographic process, ReElement offers an environmentally safe alternative for rare earth separation, supporting a circular economy. This strategic move aligns with the growing electrification market and reflects American Resources' commitment to sustainable practices.

American Resources Corporation (NASDAQ: AREC) announced the appointment of battery industry expert Bob Galyen to the Board of Directors of its subsidiary, ReElement Technologies. With over 40 years of experience, including his role as CTO at CATL, Galyen will enhance ReElement's leadership as it prepares for a spin-off from American Resources. Mark Jensen, CEO, emphasized Galyen's significant contributions to their critical mineral refining and battery recycling solutions. ReElement's innovative, environmentally friendly processes aim to reduce reliance on foreign materials in the U.S. battery supply chain.

American Resources Corporation (NASDAQ:AREC) has successfully reduced its outstanding debt by over $9 million following the conversion of Senior Convertible Debentures held by Golden Properties Ltd. into approximately 9.4 million shares of common stock. This conversion eliminates the final tranche of convertible debt, highlighting a strengthening relationship between the company and its long-term investor, Golden Properties. CEO Mark Jensen noted that this move reinforces the company's capital structure and reflects investor confidence. Moving forward, American Resources is committed to sustainable operations in supplying critical materials to meet global electrification needs.

American Resources Corporation (NASDAQ:AREC) has announced a collaboration with Kenai Defense Company and the Air Force Civil Engineering Center (AFCEC) to develop patented technology for carbon nanostructures used in concrete applications. The contract highlights the use of fine particle carbon waste material, often seen as environmental waste, as a feedstock for manufacturing carbon additives and graphene. This partnership indicates recognition of American Resources' innovation by the Department of Defense. In 2022, the company sold an exclusive license for its carbon nanostructure and graphene patents to Novusterra for $16 million in stock.

American Resources Corporation (NASDAQ:AREC) announced the filing of a Form 10 registration statement with the SEC for the spin-off of its subsidiary, ReElement Technologies, into a standalone public company. This move aims to unlock value for shareholders and enhance ReElement's operations in the rare earth minerals sector. ReElement plans to ramp up production, targeting over 25,000 tons per annum of lithium and 2,000 tons per annum of rare earth elements. The spin-off is structured to be tax-free for shareholders, who will receive a pro rata dividend of ReElement common stock. The separation will involve a series of organizational changes, including converting ReElement into a corporation.

American Resources Corporation (NASDAQ:AREC) announced its subsidiary, ReElement Technologies, has signed a memorandum of understanding (MOU) with Continental Lithium for trial shipments of lithium spodumene ore from Nigeria to its facility in Noblesville, Indiana. This partnership aims to refine lithium into high-purity products using innovative technology. The agreement also includes plans for a lithium refining facility in Nigeria, enhancing local job creation and reducing costs. The first trials involve 28 metric tons of ore at grades of 5% to 8%, which will be processed into ultra-pure lithium carbonate. This initiative aligns with growing demands in the U.S. battery market.

American Resources Corporation (NASDAQ:AREC) will present at the Virtual Investor 2023 Companies to Watch Event on January 17, 2023, at 4:00 PM ET. The presentation will be led by Mark LaVerghetta, Vice President of Corporate Finance and Communications. Investors can view a live video webcast on the Company's website, with a replay available afterward for 90 days. American Resources focuses on providing rare earth and critical elements, aiming to support the electrification market.

American Resources Corporation (NASDAQ:AREC) has appointed Dr. Byron Price to lead efforts in developing resource partnerships in Africa for its subsidiary, ReElement Technologies. Dr. Price aims to utilize cutting-edge processing technology to produce ultra-high purity critical elements from socially responsible mining practices. The initiative seeks to enhance local economies while leveraging Africa's rich mineral reserves. The company anticipates that by refining materials within Africa, it can reduce costs and retain value, supporting the electrification sector's growth.