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 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.
American Resources Corporation (NASDAQ: AREC) reported success at its ReElement Technologies in producing ultra-high purity (over 99.9%) lithium from recycled materials using its patented multi-mode chromatography technology. This technology allows efficient recycling of lithium-ion batteries and is scalable for various battery chemistries. The company aims to meet the rising demand for lithium in battery manufacturing, with expectations of lithium demand doubling in three years. Currently, lithium carbonate prices exceed $70,000 per metric ton, highlighting the market potential.
American Resources Corporation (AREC) has formed a second rare earth oxide offtake agreement with Advanced Magnet Lab, Inc. to supply high-purity rare earth elemental feedstock for advanced magnet production. The deal includes a strategic investment in AML, which will use its innovative PM-Wire technology for efficient magnet manufacturing. This partnership aims to reshape the domestic supply chain for rare earth elements, addressing the challenges posed by China's market dominance. The market for electric motors is expected to grow from $26.2 billion in 2020 to $39.1 billion by 2026.
American Resources Corporation (NASDAQ:AREC) received approval from the Mine Safety and Health Administration (MSHA) for an advanced roof control plan at its Carnegie 1 and Carnegie 2 mines in Kentucky. This new plan is projected to reduce operating costs by approximately $2.00 per ton. CEO Mark Jensen emphasized the team's commitment to increasing production and reducing costs while enhancing workplace safety. The company aims to leverage this approval to boost production and cash flow in 2023 amid ongoing global supply constraints.
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