American Res Corp Stock Price, News & Analysis

American Resources Corporation (AREC) reported a significant increase in first quarter 2022 revenues, reaching $9.08 million compared to $0.01 million in the same period last year. Adjusted EBITDA stood at $5.8 million, a turnaround from a loss of $2.8 million in Q1 2021. The company aims to be the first U.S. producer of isolated rare earth elements and has a $110 million carbon backlog. Despite a net income loss of $2.75 million, improving carbon production and strategic partnerships signal potential growth. A conference call is scheduled for May 16, 2022.

American Resources Corporation (NASDAQ:AREC) has partnered with Kenai Defense Company, LLC for the exclusive marketing of graphene and carbon nanostructure patents targeting defense and space applications. The agreement anticipates over $1.5 million in Air Force contracts for fiscal year 2022 and an additional $10 million in fiscal year 2023 for developing advanced concrete products. This partnership aims to enhance concrete strength and sustainability while ensuring American Resources retains rights for private sector applications.

American Resources Corporation (NASDAQ:AREC) will announce its first quarter 2022 financial results on May 16, 2022, followed by a conference call at 4:30 PM ET. The company is dedicated to supplying rare earth and critical elements and is focused on environmentally responsible practices. American Resources operates in the Central Appalachian basin, emphasizing metallurgical carbon and rare earth minerals to meet growing demands in the electrification market. The company has a streamlined business model aimed at reducing costs while maximizing margins.

American Resources Corporation (NASDAQ: AREC) has announced a multi-year lease of its Deane Mining complex to Bluegrass Resources. This partnership aims to capitalize on current global carbon market strengths, with projections of 1.0 million tons of production in the first year. American Resources will receive an upfront payment of $100,000 monthly for two months and then $20,000 monthly until production begins. Once operational, earnings will be either $5.00 per ton or 5% of gross sales price. The lease is set for five years with renewable options.

American Resources Corporation (NASDAQ:AREC) announced securing worldwide rights to a new provisional patent developed with Purdue University. This patent focuses on using multi-mode chromatography for efficiently isolating battery-grade materials from various feedstocks, including end-of-life batteries. The patented technology promises high purity (>99.5%) and yield (~99%) while minimizing environmental impact. The company aims to enhance its domestic supply chain of sustainable materials, supporting the growing electric vehicle market.

American Resources Corporation (NASDAQ:AREC) has joined the Rare Earth Industry Association (REIA), enhancing its position in the rare earth elements (REE) sector. This membership aims to improve collaboration and visibility within the industry as American Resources prepares to launch its critical and rare earth element purification facility in 2022. The company is committed to providing sustainable solutions for the electrification market while addressing supply chain challenges. Their innovative processes focus on recycling and environmentally safe methods for producing high-purity magnet and battery metals.

American Resources Corporation (NASDAQ:AREC) has partnered with Land Betterment Corporation to develop a historical museum in Kragon, Kentucky. This site, which contains artifacts dating back to 700-800 A.D., was paused in a land reclamation project upon the discovery of ancient burial grounds. The museum aims to showcase these artifacts, promoting job creation and cultural tourism.

Mark Jensen, CEO of American Resources, emphasized the importance of environmental stewardship and community support in this venture. The museum will enhance historical awareness and serve as an educational platform.

JTC Team continues its Virtual Investor Spotlight Series on April 14, 2022, featuring presentations from Aeterna Zentaris (NASDAQ:AEZS), CNS Pharmaceuticals (NASDAQ:CNSP), and American Resources Corporation (NASDAQ:AREC). The series highlights Aeterna's pre-clinical pipeline addressing unmet medical needs, CNS's advancements in treating Glioblastoma, and discussions on national security regarding rare earth elements with American Resources. Live webcasts will be available, providing insights into these companies and their ongoing projects.

American Resources Corporation (NASDAQ:AREC) announces CEO Mark Jensen will participate in a live moderated video webcast on April 14, 2022, at 1:00 PM ET. The event will focus on President Biden's directive regarding critical minerals for clean energy technology and their national security implications under the Defense Production Act. Investors can submit questions live or in advance. The company is committed to sustainable operations in supplying raw materials for electrification and infrastructure, aiming for carbon neutrality while maximizing investor value.