American Res Corp Stock Price, News & Analysis

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.

American Resources Corporation (NASDAQ:AREC) has launched a railcar and metal recycling initiative through its subsidiary, American Metals LLC. This partnership aims to process retired coal railcars, enhancing environmental sustainability while generating revenue. Located on a former coal mine in Indiana, this project targets the booming global steel market, leveraging the demand for raw materials driven by infrastructure growth. CEO Mark Jensen emphasized the company's commitment to maximizing asset value and diversifying its offerings while maintaining operational efficiency and environmental stewardship.

American Resources Corporation (AREC) announced significant progress in reducing its environmental liabilities through expedited reclamation efforts during the COVID-19 pandemic. The company secured bond releases totaling $400,000 and is progressing towards an additional $7 million in bond releases. This strategic initiative is aimed at enhancing long-term value for shareholders and establishing American Resources as a competitive supplier of metallurgical carbon for the growing infrastructure market. The company emphasizes its commitment to operational efficiency and environmental stewardship.

American Resources Corporation (NASDAQ: AREC) will present at The LD 500 investor conference on September 3, 2020, at 2:20 PM ET. Mark Jensen, the Company's Chairman and CEO, will discuss the business strategy poised to capitalize on surging global infrastructure initiatives as economies recover from COVID-19. A live video webcast will be accessible on the conference's website, with a replay available for one year. In addition, management will hold virtual one-on-one meetings.

American Resources Corporation (NASDAQ:AREC) has entered a carbon processing agreement to improve efficiencies and reduce costs at its Perry County Resources complex. The agreement allows for carbon processing, storage, and loading services at its Davidson Branch Preparation Plant in Hazard, Kentucky. The facility can process 1,300 tons of carbon per hour and is designed for specialized carbon types used in industrial applications. This initiative aims to enhance profitability and support the company’s growth in the global infrastructure market.

American Resources Corporation (NASDAQ:AREC) is set to restart operations at its Perry County Resources (PCR) mining complex in Hazard, Kentucky, following a comprehensive restructuring. The company has acquired two continuous miners, expanding its fleet to six as it aims to ramp up production. By targeting over 1 million tons of carbon annually, American Resources expects to create approximately 140 sustainable jobs in the community. The restructuring has reportedly reduced costs by over $45 million, positioning PCR as one of the lowest-cost PCI and stoker operations in the U.S.