American Res Corp Stock Price, News & Analysis

American Resources Corporation (NASDAQ:AREC) reported a net income of $123,982 for Q3 2020, reversing a loss of $7.34 million in Q3 2019. Adjusted EBITDA reached $2.8 million, compared to a loss of $2.5 million in the previous year. Total revenues were $294,646, with a significant reduction in costs. The company's strategic shift towards producing metallurgical carbon and rare earth elements is set to position it as a key supplier in the infrastructure market. A conference call is scheduled for November 9, 2020.

American Resources Corporation (NASDAQ: AREC) has reiterated its commitment to Environmental, Social, and Governance (ESG) initiatives aimed at enhancing its operations and business. CEO Mark Jensen emphasized the importance of sustainability, revealing a comprehensive sustainability plan. Key achievements include:

• Environmental bond releases covering over 7,000 net acres.
• Reduction of over $20 million in environmental liabilities.
• Recognition through the Sentinels of Safety Award.
• Average employee pay at 200% above regional minimum wage.

American Resources Corporation (NASDAQ: AREC) announced a live video presentation by Chairman and CEO Mark Jensen on October 21, 2020, at 3:20 PM ET as part of the IVYFON Family Office Forum. Jensen will outline the company's business strategy and discuss its positioning in the global infrastructure market post-COVID-19, focusing on American Metals and American Rare Earth business lines. The forum will take place both in-person in Atlanta and streamed online from 8 AM to 4:30 PM ET.

American Resources Corporation (NASDAQ: AREC) has selected Mineral Labs Inc. as its Lab of Record for conducting rare earth element analysis and sampling. This collaboration aims to enhance the commercialization and future expansion of American Rare Earth LLC, a wholly owned subsidiary. With a history dating back to 1975, Mineral Labs boasts extensive experience and a presence across states in the Central Appalachian and Illinois coal basins. The partnership's goal is to scale operations and identify high-value targets within coal-based deposits to meet growing market demands.

American Resources Corporation (NASDAQ: AREC) is set to restart operations at its Perry County Resources (PCR) mining complex in Hazard, Kentucky, this quarter after a restructuring aimed at becoming a low-cost PCI and stoker operation. The Company plans to expand its workforce from 76 to approximately 175 employees. Initial production will utilize one super section of the E4-2 underground mine, with plans to ramp up operations. This move is expected to provide long-term employment and contribute to local economic stability while enhancing efficiency and profitability.

American Resources Corporation (NASDAQ:AREC) announced the closing of a registered direct offering of 5,200,000 shares priced at $2.50 per share, generating approximately $13 million in gross proceeds.

The offering complied with regulations of Nasdaq and was facilitated by Kingswood Capital Markets. The shares were offered under an effective shelf registration statement with the SEC, ensuring regulatory compliance.

American Resources Corporation (NASDAQ:AREC) has announced a registered direct offering of 5,200,000 shares at $2.50 per share, aiming to raise approximately $13 million. This transaction is facilitated by Kingswood Capital Markets and is set to close around October 9, 2020 pending customary conditions. The offering is conducted under an effective shelf registration statement. The company focuses on providing essential raw materials to the global infrastructure market, particularly through the extraction of metallurgical carbon.

American Resources Corporation (NASDAQ: AREC) announced the establishment of its wholly-owned subsidiary, American Rare Earth LLC, focusing on consolidating high-quality, low-cost rare earth mineral sites. The company aims to unlock the value of its rare earth assets without diluting current shareholders. It has identified ten mineral sites in eastern Kentucky for development, with the potential to produce significant amounts of Neodymium, Praseodymium, and Dysprosium, along with Cobalt and Lithium. The organization is exploring strategic options, including government grants and a possible spin-off, to enhance shareholder value.

American Resources Corporation (NASDAQ: AREC) has received the 2019 Sentinels of Safety Award from the National Mining Association, recognizing its exceptional safety performance in mining operations. The award celebrates operations that achieve over 4,000 hours without a lost-time injury, highlighting American Resources' underground mining facility in Letcher County, Kentucky. The company aims to be a leading supplier of raw materials for the global infrastructure market, focusing on efficiency and sustainability.