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) operates at the intersection of traditional metallurgical coal production and emerging critical minerals recovery, making its news coverage uniquely varied. As both an Appalachian Basin coal producer serving steelmakers and the parent company of ReElement Technologies focused on rare earth elements and magnesium recovery, developments from AREC span conventional mining announcements and strategic materials supply chain initiatives.
News from American Resources Corporation typically centers on partnerships and commercial agreements involving ReElement Technologies, which has established relationships with electronic recyclers, manufacturing companies, and end-users of critical minerals. These announcements signal progress in building domestic supply chains for rare earth elements and strategic materials traditionally sourced from foreign suppliers. Financing activities and capital raises also generate coverage, as the company funds both mining operations and the buildout of critical minerals processing facilities.
Operational updates from the metallurgical coal business reflect production levels, contract announcements with steel producers, and developments affecting Appalachian Basin mining operations. Meanwhile, news about ReElement Technologies facilities and processing capabilities reveals the company's progress in scaling rare earth element recovery and magnesium production from recycled feedstock.
For investors tracking both the metallurgical coal sector and the emerging critical minerals industry, American Resources Corporation provides exposure to two distinct market dynamics: the established demand from steel production and the growing need for domestically-sourced strategic materials in electric vehicles, renewable energy, and defense applications. This news page delivers comprehensive coverage of developments across both business lines, from traditional mining operations to advanced materials recovery technologies.
American Resources Corporation (NASDAQ:AREC) reported record quarterly revenues of $16.2 million for Q2 2022, marking a substantial 78% growth quarter-over-quarter. The company achieved an adjusted EBITDA of $11.5 million, compared to a loss of $537,078 in the prior year. Notably, it became the first domestic commercial producer of high-purity rare-earth elements from recycled magnets. The company aims to launch the production of battery elements from recycled lithium batteries in 4Q 2022, reinforcing its role in the electric vehicle supply chain.
American Resources Corporation (NASDAQ:AREC) has announced the planning and development of two new carbon mines in Pike County, KY, aimed at supplying its McCoy Elkhorn complex with high-quality metallurgical carbon. The company boasts a low-cost development model, with a capacity of up to 45,000 tons per month and over 40 existing mining permits. The complex features advanced processing facilities and aims to produce between 1.5 million to 2 million tons per year. This development aligns with the growing demand for carbon in the global steel industry.
American Resources Corporation (NASDAQ: AREC) announced key leadership promotions at its ReElement Technologies division, with Jeff Peterson promoted to Chief Operating Officer, Dr. Yi Ding appointed as Director of Research & Development, and Chris Moorman named Chief Commercial Officer. These appointments come as the company begins commercial operations at its rare earth and battery element purification facility, aiming to reduce the U.S. dependency on foreign supply while promoting sustainable practices.
American Resources Corporation (NASDAQ:AREC) will present at the Virtual Investor Spotlight on August 3, 2022, at 11:00 AM ET. The company will highlight its recent success in launching operations at ReElement Technologies' first commercial-scale rare earth and battery element purification facility, achieving over 99.5% pure REEs. The presentation will cover innovative production methods, the company's growth strategies, and plans for domestic and international expansion. A live webcast will be available, along with a replay for 90 days.
American Resources Corporation (NASDAQ:AREC) announces major advancements through its ReElement Technologies division, achieving over 99.5% purity in isolating dysprosium, neodymium, and praseodymium at its new commercial facility in Noblesville, IN. The facility is 1000x larger than previous operations and employs a proprietary, environmentally safe chromatographic process. This success marks a shift in rare earth element processing, enabling domestic supply and reducing reliance on foreign sources. The company plans aggressive expansion into battery and magnet element production over the next year.
American Resources Corporation (NASDAQ:AREC) is developing a new continuous haulage bridge section at its Carnegie 1 mine, expected to increase monthly revenue by approximately $2.25 to $3.5 million. This expansion aims to reduce costs and enhance operational efficiency using existing equipment, which minimizes capital expenditures. The bridge section is slated to begin production within 60 to 90 days. The Carnegie 1 mine produces high-quality metallurgical carbon, vital for steelmaking, amid rising global infrastructure demands.
American Resources Corporation (NASDAQ:AREC) has launched a redesigned website for its reELEMENT Technologies division, emphasizing its commitment to sustainable sourcing of rare earth elements. The update includes industry videos demonstrating the company's innovative processes. CEO Mark Jensen stated this redesign aligns with efforts to maximize shareholder value by showcasing proprietary technologies aimed at creating a domestic circular supply chain for end-of-life rare earth products. The company aims to address the electrification market and contribute to carbon neutrality.
American Resources Corporation (NASDAQ:AREC) has formed a special committee following a shareholder request to explore strategic opportunities aimed at enhancing shareholder value. CEO Mark Jensen highlighted the company's undervaluation compared to peers and the strong demand for its products in carbon and rare earth materials. Potential strategies include division spin-offs, stock repurchase programs, or even privatization. The company continues to operate efficiently while positioning itself in the growing infrastructure and electrification markets, emphasizing sustainable practices and low legacy costs.
American Resources Corporation (AREC) has commenced production at its Carnegie 2 metallurgical carbon mine ahead of schedule, anticipating significant revenue growth. This new operation is set to enhance supply for the steel industry, addressing demands for low-cost raw materials. The Carnegie 2 mine is projected to generate $25 to $35 million in annual revenue with attractive margins. The company aims to support infrastructure growth while maintaining a low environmental impact, focusing on sustainability and carbon neutrality.
American Resources Corporation (NASDAQ:AREC) will present at the SP 2022 Innovation Summit on July 27, 2022. CEO Mark Jensen will discuss the company's reELEMENT Technologies division, focusing on sustainable practices in recycling rare earth elements and battery metals. The presentation aims to highlight innovative technologies for creating a circular economy, reducing dependency on foreign suppliers. Through strategic partnerships and research, American Resources is positioned to address U.S. supply chain challenges and contribute to environmental sustainability while maximizing shareholder value.
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