American Res Corp Stock Price, News & Analysis

American Resources Corporation (NASDAQ:AREC) announced that CEO Mark Jensen will present at the H.C. Wainwright Mining Conference on November 30 at 2:30 PM ET. The event will include a live video webcast, allowing participation from qualified investors for one-on-one meetings. American Resources focuses on supplying high-quality metallurgical carbon for the infrastructure market, with operations in eastern Kentucky and southern West Virginia. Its low-cost model positions the company for growth while mitigating industry risks.

JTC Team is hosting a Virtual Investor 'Ask the CEO' event from April 21-23, 2021, featuring American Resources Corporation (NASDAQ:AREC), urban-gro, Inc. (NASDAQ:UGRO), and SinglePoint Inc. (OTC PINK:SINGD). This event allows retail investors to engage directly with company executives, offering a brief presentation followed by a 20-minute Q&A session. Investors can submit questions live or in advance via virtualinvestorco.com. The initiative aims to empower the growing community of retail investors.

Novusterra Inc. has closed an oversubscribed private placement of $316,512, exceeding the $250,000 target by issuing 633,024 shares at $0.50 per share. The funds will support the S-1 registration and further development of graphene patents for energy storage and water filtration. The company has received approval for a 3-for-1 reverse stock split and has converted Class B shares to Class A shares, ensuring a 50% equity stake for American Resources Corporation in Novusterra.

American Resources Corporation (NASDAQ:AREC) announced the successful partial exercise of the underwriter's over-allotment option for their SPAC, American Acquisition Opportunity Inc., closing with an additional 506,002 units issued. The units consist of one share of Class A common stock and one-half of a redeemable warrant, with each warrant allowing the purchase of additional shares at $11.50. This offering highlights the SPAC's goal to merge with land and resource holding companies, supporting innovation in the new economy.

American Resources Corporation (NASDAQ:AREC) has announced a non-exclusive sublicensing of two graphene production patents to Novusterra Inc., aiming to enhance commercialization efforts in energy storage. This partnership allows American Resources to acquire a 50% equity stake in Novusterra. The company will also receive half of the operating income from graphene sales. Additionally, there are plans to distribute Class A Common Stock as dividends to shareholders after Novusterra raises a minimum of $5 million for development. This strategic move aligns with the growing demand for sustainable infrastructure and electrification.

American Resources Corporation (NASDAQ:AREC) has resumed shipments of specialty stoker carbon from its Perry County Resources (PCR) complex. The PCR mine is expanding its production capabilities by deploying three continuous miners, with plans to increase to five throughout the year. The complex aims to create over 170 well-paying jobs while producing 1.0 - 1.5 million tons of carbon annually. Additionally, the company is preparing its McCoy Elkhorn complex to produce 350,000 - 500,000 tons of metallurgical carbon, expecting further job creation and operational scaling in 2021.

American Resources Corporation (NASDAQ:AREC) released an updated corporate presentation showcasing its three divisions: American Carbon, American Metals, and notably, American Rare Earth. Vice President Mark LaVerghetta emphasized the importance of highlighting their 'Capture - Process - Purify' methodology aimed at restoring the domestic rare earth supply chain. The company maintains a commitment to sustainability and low-cost operations, positioning itself competitively in the electrification and infrastructure markets. The presentation is available on their Investor Relations page.

American Resources Corporation (NASDAQ:AREC) announced the successful closing of the initial public offering (IPO) for its SPAC, American Acquisition Opportunity Inc., raising $100 million through the sale of 10 million units at $10.00 each. Each unit includes one share of Class A common stock and one-half of a redeemable warrant. The SPAC aims to target land and resource holding companies, fostering innovation for the new economy. The underwriters also received a 45-day option for an additional 1.5 million units. The IPO's success signals confidence in the company’s strategy.

American Resources Corporation (NASDAQ:AREC) announced the pricing of its SPAC, American Acquisition Opportunity Inc., with an IPO of 10 million units at $10.00 each. This SPAC aims to merge with companies in the land holding and resource industry, focusing on clean energy, recycling, and redevelopment. The units will trade on Nasdaq under the symbol AMAOU, and consist of one share of Class A stock and a half warrant. There is an option for underwriters to purchase an additional 1.5 million units.