American Res Corp Stock Price, News & Analysis

American Resources Corporation (NASDAQ:AREC) has reported its fourth quarter and full year 2020 financial results, highlighting a net loss of $10.26 million or $0.35 per share, a significant reduction from $70.9 million or $2.94 per share in 2019. Revenue for 2020 was $1.06 million, down from $24.4 million in 2019, as operations were idled due to the COVID-19 pandemic. Key highlights include the launch of American Rare Earth LLC, advancements in ESG initiatives, and significant debt reduction efforts. The company maintains revenue guidance of $55 million to $75 million for 2021, supported by enhanced balance sheet strength.

American Resources Corporation (NASDAQ:AREC) is set to present at the 33rd Annual ROTH Growth Conference from March 15-17, 2021. Chairman and CEO, Mark Jensen, will hold one-on-one meetings with qualified investors during the virtual event. The company specializes in environmentally responsible raw material supply for infrastructure and electrification, focusing on metallurgical carbon and rare earth minerals. With operations in Kentucky and West Virginia, American Resources aims to reduce legacy risks while maximizing operational efficiency.

American Resources Corporation (NASDAQ:AREC) announced that its Chairman and CEO, Mark Jensen, will be featured on Bloomberg TV on March 6, 2021, at 7 PM ET and on Bloomberg International TV on March 7, 2021, at 6 PM ET. In the interview, Jensen will discuss the company's efforts to restore the rare earth supply chain in the U.S. using environmentally friendly methods. American Resources focuses on supplying raw materials for infrastructure and electrification markets, primarily through its operations in the Central Appalachian basin.

American Resources Corporation (NASDAQ:AREC) expands its patent portfolio, enhancing its "Capture. Process. Purify." technology for rare earth mineral production. The new patents focus on coal electrolysis to separate rare earth elements and produce graphene, hydrogen, and other valuable byproducts. Developed by Dr. Gerardine Botte, these technologies enable efficient recycling of waste materials, including fly ash, and promise environmental benefits. CEO Mark Jensen highlights the significance of these innovations for the electrification market and the company's commitment to sustainable operations.

American Resources Corporation (NASDAQ: AREC) has appointed William E. Smith III to lead the establishment of its rare earth element (REE) purification facility using advanced ligand-assisted chromatography technology. This environmentally friendly method aims to purify and isolate rare earth elements domestically, catering to the electrification market. The facility will process various feedstocks, positioning AREC as a key supplier in the U.S. rare earth supply chain. The project aligns with growing infrastructure and electrification demands, targeting significant operations expansion.

American Resources Corporation (NASDAQ:AREC) announced that its indirect investment, American Acquisition Opportunity Inc., filed a Registration Statement with the SEC for a proposed IPO of up to $115 million. The SPAC aims to acquire a target within the land holdings and resources industry, focusing on transitioning to clean energy, recycling, and redevelopment. The offering is managed by the Company's team and is set to explore growth opportunities in industries aligned with social impact.

American Resources Corporation (NASDAQ: AREC) announced the securing of two new credit facilities totaling up to $10 million for expansion financing, backed by inventory and accounts receivables. These facilities provide financial flexibility to boost production at its Perry County Resources, McCoy Elkhorn, and Wyoming County complexes. The inventory facility allows 80% draws at a 2% cost per 120 days, while the accounts receivable facility permits 90% draws at an 8% annual rate. This move aims to enhance liquidity and prevent shareholder dilution, supporting growth objectives in an expanding infrastructure market.

American Resources Corporation (NASDAQ:AREC) has partnered with Penn State University's Department of Energy and Mineral Engineering to implement technology for extracting rare earth minerals from its carbon resources. The company plans to retrofit its processing plants to include a pyrite segregation circuit that enhances recovery and product quality while reducing environmental impact. This initiative involves utilizing acid mine drainage and coarse refuse to produce valuable rare earth concentrates. The collaboration aims to innovate processes that align with the growing electrification market.

American Resources Corporation (NASDAQ: AREC) has secured base load orders for raw materials at its Perry County Resources mining complex. The company aims to maximize price realization by expanding production in response to market strength. Committed production is balanced with additional capacity to fulfill future customer needs. This risk-based sales strategy contracts 60% to 70% of potential production, ensuring profitability. American Resources positions itself as a low-cost supplier of metallurgical carbon, critical for steelmaking, while focusing on sustainable and efficient operations.