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American Resources Corporation (NASDAQ: AREC) is a next-generation, environmentally, and socially responsible supplier of high-quality raw materials critical to global infrastructure and electrification markets. Headquartered in Fishers, Indiana, the company was founded in 2006 and has a robust portfolio of operations in the Central Appalachian basin of eastern Kentucky and southern West Virginia.
American Resources focuses on the extraction and processing of metallurgical carbon, essential for steelmaking, and critical and rare earth minerals, vital for the electrification market. The company’s operations are centered on providing premium-quality metallurgical carbon and rare earth mineral deposits. In recent years, American Resources has expanded its efforts to include reprocessed metal recycling.
The company boasts a cutting-edge subsidiary, ReElement Technologies Corporation, which specializes in the high-performance refining of rare earth and critical battery elements. ReElement has developed the innovative 'Capture-Process-Purify' process chain, which is both scalable and environmentally safe. This patented technology, supported by 16 licensed patents and partnerships with leading universities, redefines how critical and rare earth elements are sourced and processed, particularly focusing on recycling end-of-life products like rare earth permanent magnets and lithium-ion batteries.
Recent achievements include the establishment of the advanced ReElement refining campus in Marion, Indiana. This facility aims to reduce reliance on Chinese refining capabilities by significantly increasing domestic production of high-purity rare earth and battery elements. Notable projects include collaborations aimed at processing lithium brine feedstocks and integrating advanced technologies for the separation and purification of critical minerals.
The company is also known for its nimble, low-cost business model that emphasizes growth and efficiency. This approach allows American Resources to maximize margins while reducing costs, making it highly competitive in the global market. Additionally, the recent $150 million tax-exempt bond offering for the development of the Kentucky Lithium refining facility highlights its strategic focus on scaling operations and securing growth capital.
American Resources is actively engaged in several international and domestic collaborations aimed at enhancing the supply chain for critical minerals, including partnerships with LVC Global Holdings and membership in the Defense Industrial Base Consortium. These efforts are intended to bolster the company's role in supporting national security and advancing sustainable practices in critical mineral refining.
For more information, visit americanresourcescorp.com or connect with the company on Facebook, Twitter, and LinkedIn.
American Resources Corporation (NASDAQ: AREC) announced that its subsidiary, American Rare Earth LLC, has achieved Pending Certified B Corporation status through B Lab. This status recognizes businesses for their social and environmental performance and commitment to transparency. The company completed the B Impact Assessment, scoring high enough to qualify. Over the next year, it will work towards full certification. The firm continues to focus on sustainable operations, aiming to provide critical raw materials while reducing legacy costs, thus maximizing value for investors.
American Resources Corporation (NASDAQ:AREC) has selected Dykema Gossett PLLC to represent the Company in federal government relations. This partnership aims to enhance relationships with policymakers and secure funding for extracting rare earth elements from coal-based deposits. CEO Mark Jensen emphasized the importance of establishing a domestic supply of critical materials to support a greener economy and the electric vehicle market. Dykema's extensive experience in the steel and auto sectors aligns with the Company's goals, as federal initiatives boost funding for rare earth and critical minerals production.
American Resources Corporation (NASDAQ: AREC) announced the formation of a Strategic Advisory Board aimed at enhancing its operations and industry presence. Randal Stephenson, a current Board member, will lead this initiative, leveraging diverse expertise to drive growth in key divisions: American Carbon, American Metals, and American Rare Earth. The board seeks to guide the company in economic delivery of raw materials, improve relationships, and capitalize on innovation in response to market demands.
American Resources Corporation (NASDAQ: AREC) will present at the H.C. Wainwright Mining Conference on Monday, November 30 at 12:00 PM ET, led by CEO Mark Jensen. The presentation will be accompanied by a live video webcast, accessible through the Investors section of the Company’s website. A replay will be available two hours later for 90 days. American Resources focuses on supplying metallurgical carbon for steelmaking from its operations in eastern Kentucky and West Virginia, aiming to support the global infrastructure market.
American Resources Corporation (NASDAQ:AREC) announced a joint venture with Dr. Gerardine Botte from Texas Tech University to develop technologies for producing critical elements and graphene from carbon-based deposits. The newly formed entity, Advanced Carbon Materials LLC (ACM), will focus on bringing domestic production solutions to electric vehicle and energy sectors, with American Rare Earth LLC holding a 49% equity stake. Dr. Botte, a proven expert in electrochemical processes, has also joined AREC's Board of Directors, aiming to enhance the company's environmentally friendly production methods.
American Resources Corporation (NASDAQ: AREC) has announced plans to reclaim a non-core Indiana thermal coal mine complex, originally acquired in September 2019. The reclamation aims to reduce environmental liabilities and is expected to yield a bond release of approximately $1.3 million. The company has successfully removed structures from the site and is now dismantling the processing facility. Additionally, American Resources is repurposing part of the property for its American Metals business line, which involves reprocessing used coal railcars. This initiative is expected to create jobs and enhance shareholder value.
American Resources Corporation (NASDAQ: AREC) announces that its non-core, idled mine in Kentucky has begun carbon production. This lease, effective from July 2020, allows the company to generate a cash flow of $1.00 per ton of carbon sold, plus an additional $0.50 per ton for environmental remediation. The initiative not only provides stable royalty income without costs but also creates local jobs. The mine was part of the Knott County Coal acquisition and suits the current market focus on sustainable development.
American Resources Corporation (NASDAQ:AREC) announced that Mark Jensen, Chairman and CEO, will present at the Proactive ONE2ONE Strategic Metals Supply Chain Investor Forum on November 10, 2020, at 1:00 PM ET. This virtual event aims to address the restoration of North America's critical supply chains, discussing the challenges and opportunities for companies, investors, and stakeholders. American Resources focuses on metallurgical carbon extraction for the steelmaking industry and operates in the Central Appalachian basin. For details, visit here.
American Resources Corporation (NASDAQ:AREC) reported a net income of $123,982 for Q3 2020, reversing a loss of $7.34 million in Q3 2019. Adjusted EBITDA reached $2.8 million, compared to a loss of $2.5 million in the previous year. Total revenues were $294,646, with a significant reduction in costs. The company's strategic shift towards producing metallurgical carbon and rare earth elements is set to position it as a key supplier in the infrastructure market. A conference call is scheduled for November 9, 2020.
American Resources Corporation (NASDAQ: AREC) has reiterated its commitment to Environmental, Social, and Governance (ESG) initiatives aimed at enhancing its operations and business. CEO Mark Jensen emphasized the importance of sustainability, revealing a comprehensive sustainability plan. Key achievements include:
- Environmental bond releases covering over 7,000 net acres.
- Reduction of over $20 million in environmental liabilities.
- Recognition through the Sentinels of Safety Award.
- Average employee pay at 200% above regional minimum wage.
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