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 (AREC) will report its third-quarter 2021 financial results on November 15, 2021, followed by a conference call at 11:00 AM ET. The company focuses on providing raw materials for the infrastructure and electrification markets, particularly in metallurgical carbon and rare earth minerals. With operations based in the Central Appalachian basin, American Resources aims to scale its portfolio while minimizing industry risks. Investors can participate in the call by dialing (877) 407-4019 or accessing the webcast.
American Resources Corporation (AREC) has successfully upgraded its processing plant at the Perry County Resources complex, enhancing recovery yield by over 5% while cutting operational costs. This investment enables the recovery of middling carbon, which will now be sold instead of landfilled. The estimated production increase is about 7,500 tons per month, projected to generate $300,000 in additional sales and save over $13,000 in refuse costs monthly. The move supports the company's commitment to sustainability and operational efficiency.
American Resources Corporation (NASDAQ:AREC) announced plans to restart its Wyoming County Coal (WCC) mining complex in West Virginia, a significant source of premium metallurgical carbon for steel production. The complex boasts substantial reserves and processing capabilities, targeting an initial production of 55,000 tons monthly. The restart is expected to be financed through current operating cash flows, with payback anticipated in under 12 months post-production commencement in late 2022. The company aims to enhance its logistics and processing capacity while exploring nearby stranded reserves for potential acquisition.
American Resources Corporation (AREC) has engaged a contract mining company to operate its Carnegie 2 mine in Pike County, Kentucky, enhancing its metallurgical carbon production. This mine will complement the recently restarted Carnegie 1 mine, both supplying vital materials for the steel industry amid a strong market. Production at Carnegie 2 is expected to ramp up to 8,000 to 12,000 clean tons monthly by the end of Q4 2021. The efficient operational model and strategic positioning aim to maximize shareholder value while addressing the growing infrastructure demands.
American Resources Corporation (AREC) has restarted production at its Carnegie 1 mine, taking advantage of a strong metallurgical carbon market, one of the best since 2006/2007. The mine, crucial for steel making, is expected to produce over 40,000 tons of carbon monthly. Sales commitments for Q4 2021 are already secured, and the company plans to bring its Carnegie 2 mine online in early 2022. The firm aims to maximize operational efficiency and support global sustainability goals.
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American Resources Corporation (NASDAQ:AREC) announced the acquisition of approximately 2,371 mineral acres at its Perry County Resources complex, securing an estimated 10.1 million tons of mineral resources. This acquisition enhances the Company’s control over low-cost mining operations and access to strategic underground points, reducing operational costs. The move positions American Resources competitively in the steel-making carbon market amidst rising global infrastructure demands. The Company aims to make the Perry County complex a premier low-cost provider of steel-making carbon.
American Resources Corporation (AREC) has announced successful purification of lithium, nickel, and cobalt from recycled NMC batteries via its proprietary technology. This achievement aligns with the growing demand for battery metals, particularly as the electric vehicle market expands. The end-of-life lithium-ion battery market is projected to grow at a 19% CAGR through 2030. Mark Jensen, CEO, emphasized the sustainability and cost-effectiveness of their process, aiming to bolster domestic supply chains while reducing reliance on mining in hazardous regions.
American Resources Corporation (NASDAQ:AREC) announced the engagement of Rodney Campbell, an expert with over 40 years in mineral analysis, to enhance the company's Capture process for rare earth elements (REEs). Campbell will focus on refining the collection and analysis of carbon-based REE feedstocks from acid mine drainage and coal waste, collaborating with Penn State University. This initiative aims to create a sustainable supply chain for critical minerals, optimizing costs and environmental impact.
American Resources Corporation (NASDAQ:AREC) will present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. Mark LaVerghetta, Vice President of Corporate Finance and Communications, will lead the presentation. Attendees can participate in virtual one-on-one meetings with management. A video webcast of the presentation will be available on-demand starting September 13 at 7:00 AM ET for those registered, with an archive lasting 90 days. The company focuses on providing environmentally responsible raw materials for the infrastructure market.