American Resources Corporation reports developments in the U.S. critical mineral supply chain, including upstream and downstream initiatives tied to rare earth elements, critical battery materials and circular feedstock sourcing. Company updates frequently reference its affiliated minority holding in ReElement Technologies, a rare earth and critical mineral refining business serving commercial and defense markets.
Recurring news themes include ReElement refining technology, intellectual property for lithium and mineral separation, customer and strategic-partner discussions, refinery buildout activity, and Electrified Materials recycling, pre-processing and conditioning capacity for magnets, copper, aluminum, ferrous metals and rare earth feedstocks. American Resources also issues shareholder updates on corporate initiatives and subsidiary-level growth platforms.
American Resources Corporation (NASDAQ:AREC) announces CEO Mark Jensen will participate in a live moderated video webcast on April 14, 2022, at 1:00 PM ET. The event will focus on President Biden's directive regarding critical minerals for clean energy technology and their national security implications under the Defense Production Act. Investors can submit questions live or in advance. The company is committed to sustainable operations in supplying raw materials for electrification and infrastructure, aiming for carbon neutrality while maximizing investor value.
American Resources Corporation (NASDAQ:AREC) has signed a binding letter of intent to acquire Energy Technologies Inc. (ETI), a leader in rare earth element and carbon technology. This acquisition aims to enhance the processing capabilities of rare earth and critical elements, capitalizing on ETI's patented technologies that improve material concentration by approximately 5x at extraction points. The integration is expected to drive innovation in the rare earth and battery metals sector and maximize shareholder value. ETI's team will join American Resources, leveraging their expertise for future growth.
American Resources Corporation (NASDAQ:AREC) has announced a new purchase order for 15,000 tons of specialty carbon stoker products, expanding its production for Q2 2022. This expansion comes at a record average price of mid $200 per ton, showcasing strong demand in the specialty carbon market. The company is positioned to meet the needs of the global silicon and ferrosilicon industries, supported by its advanced processing capabilities. American Resources focuses on sustainable operations while maximizing shareholder value through growth in the electrification sector.
American Resources Corporation (AREC) announced significant progress in its initiative to produce isolated and purified critical and rare earth elements (REEs) in the U.S., on track to be the first in this sector. The company revealed a strong carbon production backlog of approximately $110 million and a profitable March 2022 with a revenue run rate of $5.25 to $6 million. Despite a net loss of $32.4 million for 2021, the company showcased a strong balance sheet and reduced debt. Their ongoing projects and partnerships are expected to bolster their position in the electrification and infrastructure markets.
American Resources Corporation (AREC) announced it will report its fourth quarter and full year 2021 financial results on March 29, 2022, at 4:30 PM ET. The company, a supplier of rare earth and critical elements, will host a live conference call to discuss financial outcomes and business outlook. Investors can participate via telephone or a webcast. American Resources focuses on extracting metallurgical carbon and rare earth minerals, primarily from operations in Kentucky and West Virginia, positioning itself for growth in the electrification market.
American Resources Corporation (NASDAQ:AREC) has acquired the operating rights to a PCI carbon surface mine to expand its McCoy Elkhorn Complex in Kentucky. This facility is projected to add 5,000 to 15,000 tons per month of production, providing critical high-quality carbon to meet the steel-making industry's demand. The operation is expected to enhance revenues starting in June 2022 and create 15 direct and indirect jobs in the local community. The deal involves no upfront capital payment, supporting the company's goal of sustainable growth and market positioning.
American Resources Corporation (NASDAQ:AREC) announced the addition of a second Joy 14CM15 continuous miner to its Carnegie #1 mine, intending to increase production by 5,000 to 10,000 tons per month. This initiative aims to meet strong market demand for high-quality metallurgical carbon. The company emphasizes its focus on sustainable operations and efficient cost management, leveraging its innovative growth pipeline. The Carnegie #1 mine is strategically located in Pike County, Kentucky, known for its significant carbon deposits.
American Resources Corporation (NASDAQ:AREC) announced a partnership with IN3 to enhance its industry connections and address domestic supply chain challenges for critical and rare-earth elements.
Through this collaboration, American Rare Earth LLC aims to commercialize the production of essential materials like lithium, cobalt, and neodymium, supporting U.S. sustainability and national security efforts.
This partnership is expected to facilitate access to major grants, contracts, and accelerate the company's production capabilities.
American Resources Corporation (NASDAQ:AREC) is advancing its feasibility study for lithium, cobalt, and rare earth elements across 20,000 acres in Central Appalachia. Utilizing patented electrolysis technology, the company aims to economically extract and purify these metals from coal waste. CEO Mark Jensen emphasized the potential for profitability, given rising market demand for battery materials. The company is also integrating its technologies at its West Virginia site, which has received preliminary approval for a $45 million tax-exempt bond offering. This approach promises enhanced sustainability and resource efficiency.
American Resources Corporation (NASDAQ:AREC) will feature CEO Mark C. Jensen on The RedChip Money Report airing on Bloomberg TV on February 19, 2022, at 7 p.m. ET. This interview will highlight the company's role as a supplier of rare earth and critical elements and its focus on sustainable practices in the electrification market. American Resources Corporation is engaged in metallurgical carbon extraction and aims to grow its operations in the Central Appalachian basin.