Welcome to our dedicated page for American Res news (Ticker: AREC), a resource for investors and traders seeking the latest updates and insights on American Res stock.
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) announced the securing of two new credit facilities totaling up to $10 million for expansion financing, backed by inventory and accounts receivables. These facilities provide financial flexibility to boost production at its Perry County Resources, McCoy Elkhorn, and Wyoming County complexes. The inventory facility allows 80% draws at a 2% cost per 120 days, while the accounts receivable facility permits 90% draws at an 8% annual rate. This move aims to enhance liquidity and prevent shareholder dilution, supporting growth objectives in an expanding infrastructure market.
American Resources Corporation (NASDAQ:AREC) has partnered with Penn State University's Department of Energy and Mineral Engineering to implement technology for extracting rare earth minerals from its carbon resources. The company plans to retrofit its processing plants to include a pyrite segregation circuit that enhances recovery and product quality while reducing environmental impact. This initiative involves utilizing acid mine drainage and coarse refuse to produce valuable rare earth concentrates. The collaboration aims to innovate processes that align with the growing electrification market.
American Resources Corporation (NASDAQ: AREC) has secured base load orders for raw materials at its Perry County Resources mining complex. The company aims to maximize price realization by expanding production in response to market strength. Committed production is balanced with additional capacity to fulfill future customer needs. This risk-based sales strategy contracts 60% to 70% of potential production, ensuring profitability. American Resources positions itself as a low-cost supplier of metallurgical carbon, critical for steelmaking, while focusing on sustainable and efficient operations.
American Resources Corporation (AREC) announces it will ring the Nasdaq closing bell on December 29, 2020, to celebrate the start of operations at its Perry County Resources (PCR) complex and the launch of its subsidiary, American Rare Earth LLC. This operational restart follows a year of restructuring and is expected to drive revenue growth starting in 2021, addressing the rising demand for raw materials in infrastructure projects. The company emphasizes its commitment to modernizing legacy mining operations to align with current market needs.
American Resources Corporation (NASDAQ: AREC) announced the commencement of operations at its Perry County Resources complex. With a revenue guidance of $55 to $75 million for 2021, the company anticipates significant growth driven by increased demand for raw materials for steel and infrastructure projects. The complex's efficiency enhancements are projected to reduce annual costs by over $40 million. The company highlights a robust global demand for steel, with rising prices, particularly in the U.S., as infrastructure rebuilding efforts intensify.
American Resources Corporation (AREC) announced a significant move towards sustainability by progressing to the geotechnical analysis phase for solar and battery installations at its Perry County Resources complex in Kentucky. This initiative aims to cut electrical and operational costs by over 20% long-term while enhancing efficiency. The project is a pioneering approach in the carbon mining sector, with anticipated reductions in peak utility demand. The collaboration with Edelen Renewables also aims to generate job opportunities and economic diversification in the region.
American Resources Corporation (NASDAQ: AREC) announced a live presentation by Chairman and CEO Mark Jensen at the 13th Annual LD Micro Main Event on December 15, 2020, at 11:40 AM ET. The presentation will highlight the Company's strategy for supplying critical raw materials to the infrastructure market. Investors can register to view the presentation via the Company's website. American Resources focuses on metallurgical carbon extraction and processing, key for steelmaking, with operations in eastern Kentucky and southern West Virginia.
American Resources Corporation (NASDAQ: AREC) announced that its subsidiary, American Rare Earth LLC, has achieved Pending Certified B Corporation status through B Lab. This status recognizes businesses for their social and environmental performance and commitment to transparency. The company completed the B Impact Assessment, scoring high enough to qualify. Over the next year, it will work towards full certification. The firm continues to focus on sustainable operations, aiming to provide critical raw materials while reducing legacy costs, thus maximizing value for investors.
American Resources Corporation (NASDAQ:AREC) has selected Dykema Gossett PLLC to represent the Company in federal government relations. This partnership aims to enhance relationships with policymakers and secure funding for extracting rare earth elements from coal-based deposits. CEO Mark Jensen emphasized the importance of establishing a domestic supply of critical materials to support a greener economy and the electric vehicle market. Dykema's extensive experience in the steel and auto sectors aligns with the Company's goals, as federal initiatives boost funding for rare earth and critical minerals production.
American Resources Corporation (NASDAQ: AREC) announced the formation of a Strategic Advisory Board aimed at enhancing its operations and industry presence. Randal Stephenson, a current Board member, will lead this initiative, leveraging diverse expertise to drive growth in key divisions: American Carbon, American Metals, and American Rare Earth. The board seeks to guide the company in economic delivery of raw materials, improve relationships, and capitalize on innovation in response to market demands.