American Res Corp Stock Price, News & Analysis

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.

American Resources Corporation (NASDAQ: AREC) announces that its non-core, idled mine in Kentucky has begun carbon production. This lease, effective from July 2020, allows the company to generate a cash flow of $1.00 per ton of carbon sold, plus an additional $0.50 per ton for environmental remediation. The initiative not only provides stable royalty income without costs but also creates local jobs. The mine was part of the Knott County Coal acquisition and suits the current market focus on sustainable development.

American Resources Corporation (NASDAQ:AREC) announced that Mark Jensen, Chairman and CEO, will present at the Proactive ONE2ONE Strategic Metals Supply Chain Investor Forum on November 10, 2020, at 1:00 PM ET. This virtual event aims to address the restoration of North America's critical supply chains, discussing the challenges and opportunities for companies, investors, and stakeholders. American Resources focuses on metallurgical carbon extraction for the steelmaking industry and operates in the Central Appalachian basin. For details, visit here.

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.