American Res Corp Stock Price, News & Analysis

American Resources Corporation (AREC) announced its Q3 2021 financial results, reporting a net loss of $8.91 million, or $0.15 per share, compared to a profit in the prior year. Total revenues surged to $2.81 million from $0.30 million year-over-year. The company continues to invest in its American Carbon and American Rare Earth divisions, with a focus on sustainable practices and innovative technologies. Stronger balance sheet metrics improved its financial standing. The company will host a conference call today to discuss further developments.

Novusterra Inc. has appointed Farai Gundan as Chief Financial Officer as part of its strategy to prepare for a public listing on a national exchange. The company aims to capitalize on the growing demand for graphene-based products, particularly in energy, defense, and water filtration markets, amid ongoing global supply chain challenges. CEO Andrew Weeraratne emphasized the importance of attracting high-caliber talent to drive growth and shareholder value. Novusterra is focused on innovative materials derived from low-cost coal feedstock.

American Resources Corporation (NASDAQ:AREC) will host a Virtual Investor Roundtable Event on November 17, 2021, at 9:00 AM ET. CEO Mark Jensen will join technology expert William E. Smith III to discuss the company's advancements in rare earth and critical mineral purification using ligand assisted displacement chromatography. Participants can engage in a Q&A session during the live event, and a recorded webcast will be available afterwards. American Resources focuses on supplying high-quality raw materials for the electrification market, particularly in the Central Appalachian basin.

American Resources Corporation (NASDAQ:AREC) has restarted production at its Carnegie 1 mine to meet the rising demand for metallurgical carbon in the global steel market. The mine, located in Pike County, Kentucky, is operating seven days a week and increasing production and maintenance shifts. The company anticipates bringing the Carnegie 2 mine online shortly, consolidating its position in a constrained market. Plans for additional mines and upgrades to processing facilities are also underway to meet ongoing infrastructure demands.

American Resources Corporation (AREC) will report its third-quarter 2021 financial results on November 15, 2021, followed by a conference call at 11:00 AM ET. The company focuses on providing raw materials for the infrastructure and electrification markets, particularly in metallurgical carbon and rare earth minerals. With operations based in the Central Appalachian basin, American Resources aims to scale its portfolio while minimizing industry risks. Investors can participate in the call by dialing (877) 407-4019 or accessing the webcast.

American Resources Corporation (AREC) has successfully upgraded its processing plant at the Perry County Resources complex, enhancing recovery yield by over 5% while cutting operational costs. This investment enables the recovery of middling carbon, which will now be sold instead of landfilled. The estimated production increase is about 7,500 tons per month, projected to generate $300,000 in additional sales and save over $13,000 in refuse costs monthly. The move supports the company's commitment to sustainability and operational efficiency.

American Resources Corporation (NASDAQ:AREC) announced plans to restart its Wyoming County Coal (WCC) mining complex in West Virginia, a significant source of premium metallurgical carbon for steel production. The complex boasts substantial reserves and processing capabilities, targeting an initial production of 55,000 tons monthly. The restart is expected to be financed through current operating cash flows, with payback anticipated in under 12 months post-production commencement in late 2022. The company aims to enhance its logistics and processing capacity while exploring nearby stranded reserves for potential acquisition.

American Resources Corporation (AREC) has engaged a contract mining company to operate its Carnegie 2 mine in Pike County, Kentucky, enhancing its metallurgical carbon production. This mine will complement the recently restarted Carnegie 1 mine, both supplying vital materials for the steel industry amid a strong market. Production at Carnegie 2 is expected to ramp up to 8,000 to 12,000 clean tons monthly by the end of Q4 2021. The efficient operational model and strategic positioning aim to maximize shareholder value while addressing the growing infrastructure demands.

American Resources Corporation (AREC) has restarted production at its Carnegie 1 mine, taking advantage of a strong metallurgical carbon market, one of the best since 2006/2007. The mine, crucial for steel making, is expected to produce over 40,000 tons of carbon monthly. Sales commitments for Q4 2021 are already secured, and the company plans to bring its Carnegie 2 mine online in early 2022. The firm aims to maximize operational efficiency and support global sustainability goals.