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) supports the proposed REEShore Act to establish a strategic reserve of rare earth elements by 2025. This initiative aims to ensure a one-year supply for U.S. military and critical infrastructure, preventing reliance on foreign sources, particularly China. The company's Indiana facility focuses on recycling rare earth elements and lithium-ion batteries, addressing sustainability challenges. With an estimated $3 billion of rare earth metals wasted in landfills annually, the act and the company's efforts are crucial for national security and domestic manufacturing.
American Resources Corporation (NASDAQ:AREC) will feature a presentation by CEO Mark Jensen at the Virtual Investor 2022 Top Picks Conference on January 27, 2022, at 11:00 AM ET. The event includes a corporate presentation followed by a moderated Q&A session where attendees can submit questions live. A live video webcast will be accessible on the Company’s website, with a replay available post-event for one year. American Resources specializes in carbon, rare earth, and critical elements for infrastructure and electrification.
HG Ventures has formed a strategic partnership with American Rare Earth LLC, a subsidiary of American Resources Corporation (NASDAQ:AREC), to enhance battery and magnet metal production through recycling. This collaboration aims to support the circular economy and address U.S. supply chain challenges. HG Ventures will invest in American Rare Earth, acquiring an ownership stake and rights for further investment. The partnership positions American Rare Earth as a leader in the production of domestically-sourced and sustainable metals, with the first purification facility set to be operational in early 2022.
American Resources Corporation (NASDAQ:AREC) has received preliminary approval from the West Virginia Economic Development Authority for the issuance of $45 million in Tax-Exempt Industrial Development Bonds. This funding will facilitate technological advancements and expand the processing capabilities at their Wyoming County Coal complex. The complex is set to modernize operations and increase carbon processing capacity from 350 tons to 700 tons per hour, while also capturing critical and rare earth elements. The project is expected to create over 100 jobs in the region.
American Resources Corporation (NASDAQ:AREC) has received final permit approval for its rare earth and critical element isolation and purification facility in Noblesville, Indiana. This facility is positioned to be the first of its kind in the U.S. to commercially isolate and purify battery and rare earth metals. Utilizing a patented chromatography process, the facility aims to establish a competitive domestic supply chain, reducing reliance on China for critical metal refining. The project is financed through existing capital, eliminating the need for external funding.
American Resources Corporation has appointed Tarlis Thompson as the President of the American Carbon Division, while he continues his role as COO. This leadership change aims to enhance operational efficiency in Kentucky and West Virginia, reflecting the company’s growth over the past two years. Thompson’s promotion is intended to maximize value from the company’s current assets and respond to increasing market demand. The company is focused on providing sustainable raw materials for infrastructure, emphasizing a low-cost business model poised for strong performance in 2022.
American Resources Corporation (AREC) announced its Q3 2021 financial results, reporting a net loss of $8.91 million, or $0.15 per share, compared to a profit in the prior year. Total revenues surged to $2.81 million from $0.30 million year-over-year. The company continues to invest in its American Carbon and American Rare Earth divisions, with a focus on sustainable practices and innovative technologies. Stronger balance sheet metrics improved its financial standing. The company will host a conference call today to discuss further developments.
Novusterra Inc. has appointed Farai Gundan as Chief Financial Officer as part of its strategy to prepare for a public listing on a national exchange. The company aims to capitalize on the growing demand for graphene-based products, particularly in energy, defense, and water filtration markets, amid ongoing global supply chain challenges. CEO Andrew Weeraratne emphasized the importance of attracting high-caliber talent to drive growth and shareholder value. Novusterra is focused on innovative materials derived from low-cost coal feedstock.
American Resources Corporation (NASDAQ:AREC) will host a Virtual Investor Roundtable Event on November 17, 2021, at 9:00 AM ET. CEO Mark Jensen will join technology expert William E. Smith III to discuss the company's advancements in rare earth and critical mineral purification using ligand assisted displacement chromatography. Participants can engage in a Q&A session during the live event, and a recorded webcast will be available afterwards. American Resources focuses on supplying high-quality raw materials for the electrification market, particularly in the Central Appalachian basin.
American Resources Corporation (NASDAQ:AREC) has restarted production at its Carnegie 1 mine to meet the rising demand for metallurgical carbon in the global steel market. The mine, located in Pike County, Kentucky, is operating seven days a week and increasing production and maintenance shifts. The company anticipates bringing the Carnegie 2 mine online shortly, consolidating its position in a constrained market. Plans for additional mines and upgrades to processing facilities are also underway to meet ongoing infrastructure demands.