American Res Corp Stock Price, News & Analysis

American Resources Corporation (NASDAQ: AREC) announced the commencement of operations at its Perry County Resources complex. With a revenue guidance of $55 to $75 million for 2021, the company anticipates significant growth driven by increased demand for raw materials for steel and infrastructure projects. The complex's efficiency enhancements are projected to reduce annual costs by over $40 million. The company highlights a robust global demand for steel, with rising prices, particularly in the U.S., as infrastructure rebuilding efforts intensify.

American Resources Corporation (AREC) announced a significant move towards sustainability by progressing to the geotechnical analysis phase for solar and battery installations at its Perry County Resources complex in Kentucky. This initiative aims to cut electrical and operational costs by over 20% long-term while enhancing efficiency. The project is a pioneering approach in the carbon mining sector, with anticipated reductions in peak utility demand. The collaboration with Edelen Renewables also aims to generate job opportunities and economic diversification in the region.

American Resources Corporation (NASDAQ: AREC) announced a live presentation by Chairman and CEO Mark Jensen at the 13th Annual LD Micro Main Event on December 15, 2020, at 11:40 AM ET. The presentation will highlight the Company's strategy for supplying critical raw materials to the infrastructure market. Investors can register to view the presentation via the Company's website. American Resources focuses on metallurgical carbon extraction and processing, key for steelmaking, with operations in eastern Kentucky and southern West Virginia.

American Resources Corporation (NASDAQ: AREC) announced that its subsidiary, American Rare Earth LLC, has achieved Pending Certified B Corporation status through B Lab. This status recognizes businesses for their social and environmental performance and commitment to transparency. The company completed the B Impact Assessment, scoring high enough to qualify. Over the next year, it will work towards full certification. The firm continues to focus on sustainable operations, aiming to provide critical raw materials while reducing legacy costs, thus maximizing value for investors.

American Resources Corporation (NASDAQ:AREC) has selected Dykema Gossett PLLC to represent the Company in federal government relations. This partnership aims to enhance relationships with policymakers and secure funding for extracting rare earth elements from coal-based deposits. CEO Mark Jensen emphasized the importance of establishing a domestic supply of critical materials to support a greener economy and the electric vehicle market. Dykema's extensive experience in the steel and auto sectors aligns with the Company's goals, as federal initiatives boost funding for rare earth and critical minerals production.

American Resources Corporation (NASDAQ: AREC) announced the formation of a Strategic Advisory Board aimed at enhancing its operations and industry presence. Randal Stephenson, a current Board member, will lead this initiative, leveraging diverse expertise to drive growth in key divisions: American Carbon, American Metals, and American Rare Earth. The board seeks to guide the company in economic delivery of raw materials, improve relationships, and capitalize on innovation in response to market demands.

American Resources Corporation (NASDAQ: AREC) will present at the H.C. Wainwright Mining Conference on Monday, November 30 at 12:00 PM ET, led by CEO Mark Jensen. The presentation will be accompanied by a live video webcast, accessible through the Investors section of the Company’s website. A replay will be available two hours later for 90 days. American Resources focuses on supplying metallurgical carbon for steelmaking from its operations in eastern Kentucky and West Virginia, aiming to support the global infrastructure market.

American Resources Corporation (NASDAQ:AREC) announced a joint venture with Dr. Gerardine Botte from Texas Tech University to develop technologies for producing critical elements and graphene from carbon-based deposits. The newly formed entity, Advanced Carbon Materials LLC (ACM), will focus on bringing domestic production solutions to electric vehicle and energy sectors, with American Rare Earth LLC holding a 49% equity stake. Dr. Botte, a proven expert in electrochemical processes, has also joined AREC's Board of Directors, aiming to enhance the company's environmentally friendly production methods.

American Resources Corporation (NASDAQ: AREC) has announced plans to reclaim a non-core Indiana thermal coal mine complex, originally acquired in September 2019. The reclamation aims to reduce environmental liabilities and is expected to yield a bond release of approximately $1.3 million. The company has successfully removed structures from the site and is now dismantling the processing facility. Additionally, American Resources is repurposing part of the property for its American Metals business line, which involves reprocessing used coal railcars. This initiative is expected to create jobs and enhance shareholder value.