American Res Corp Stock Price, News & Analysis

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.

American Resources Corporation (AREC) announced plans to build a 2kW mobile electrolytic cell facility for rare earth element (REE) processing, advancing its commercialization efforts. Utilizing acquired technology, the facility aims to valorize coal and coal byproducts, producing REE concentrates, carbon, and hydrogen. With a capital expenditure of under $1 million, the facility's design allows for on-site processing, enhancing logistical efficiency. The company is also interviewing project managers for construction, expecting completion by late 2021.

American Resources Corporation has appointed Gregory "Bernie" Mason as President of its American Carbon subsidiary. Mr. Mason, a seasoned mining executive with over 40 years of experience, aims to enhance the company’s low-cost carbon platform. His leadership is expected to drive innovation and production ramp-up over the next three years, particularly in the metallurgical carbon segment, which is critical for steelmaking. This management change is seen as pivotal for optimizing operations and scaling revenue generation in line with growing infrastructure demands.

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.