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 (NASDAQ: AREC) delivers essential raw materials for steel production and advanced manufacturing through innovative extraction and refining processes. This page provides authorized news updates and press releases directly from the company and verified industry sources.
Investors and industry professionals will find timely announcements on operational milestones, including metallurgical carbon production, rare earth element refining through ReElement Technologies, and strategic partnerships. Track developments in AREC's patented chromatographic separation methods and its role in strengthening domestic critical mineral supply chains.
All content undergoes strict verification to ensure accuracy and compliance with financial reporting standards. Regular updates cover earnings disclosures, material processing innovations, and environmental remediation initiatives that align with sustainable operations.
Bookmark this page for streamlined access to AREC's evolving position in infrastructure and electrification markets. Combine these verified updates with SEC filings and market analysis for comprehensive investment research.
American Resources (NASDAQ:AREC) announced that its subsidiary, Electrified Materials (formerly American Metals ), has terminated its de-SPAC merger with AI Transportation Acquisition Corp. Instead, EMC will pursue a direct listing through a Form 10 filing with the SEC.
The decision came after concerns arose regarding the Chinese executives and advisors of AI Transportation's actions and their disregard for U.S. corporate and contractual laws. EMC, which has commercial ties with ReElement Technologies in critical minerals refining, believes a Form 10 spinoff better ensures domestic ownership and compliance with U.S. laws.
The company has completed the Form 10 preparation and plans to file it promptly with the SEC. Both EMC and American Resources intend to seek damages against AI Transportation Acquisition Corp, its executives, and advisors.
American Resources 's subsidiary ReElement Technologies has signed an MOU with POSCO International to develop a commercial partnership for rare earth element refining and recycling. ReElement will become POSCO's primary North American refiner, supporting nearly $900MM in announced OEM contracts. The collaboration integrates ReElement's efficient magnet recycling and rare earth ore refining processes into POSCO's global rare earth magnet manufacturing network. ReElement's patented technology offers an environmentally safer alternative to conventional solvent-based processes, reducing CapEx, physical footprint, and chemical usage while lowering OpEx for mineral separation.
American Resources (NASDAQ:AREC) released a shareholder letter highlighting progress across its business divisions. The company's key focus is ReElement Technologies, which has developed technology for separating and purifying rare earth elements and critical minerals at costs competitive with China. ReElement is establishing a Customer Qualification Plant in Noblesville and developing the Marion Advanced Technology Center. The company is also repurposing a Knott County Coal plant for lithium refining. Additional developments include American Metals' partnership with LOHUM Cleantech for battery recycling, progress in American Infrastructure's metallurgical carbon operations, and advancement in subsidiary companies Royalty Management Holding and Novusterra Inc.
American Resources (NASDAQ:AREC) reported Q3 2024 financial results with a net loss of $9.8 million ($0.13 per share), compared to a net loss of $274,167 in Q3 2023. Total revenues were $235,443, down from $5.81 million in Q3 2023. The company reported an adjusted EBITDA loss of $6.9 million.
Key developments include ReElement Technologies' partnerships with IRIS Metals and Vulcan Elements, successful execution of a $150 million bond agreement for Kentucky Lithium, and progress in rare earth element production. The company announced plans to distribute ReElement Technologies shares as a special dividend to shareholders of record as of December 31, 2024.
American Resources (NASDAQ:AREC) has announced a special dividend distribution of ReElement Technologies shares, with shareholders receiving 1 ReElement share for every 3 AREC shares held as of December 31, 2024. The distribution is scheduled for February 15, 2025. Additionally, ReElement Technologies has secured initial investments through two-year convertible notes bearing 12% annual interest, as part of a private financing round of up to $20 million. The notes are convertible at a $150 million pre-money valuation, equivalent to approximately $1.94 per AREC share.
American Resources (NASDAQ:AREC) will report its third quarter 2024 financial results on Thursday, November 14, 2024. The company will host a conference call and live audio webcast at 4:30 PM ET the same day. Participants can access the call by dialing 877-407-4019. The company operates in the Central Appalachian basin, focusing on metallurgical carbon extraction, critical and rare earth minerals for electrification, and metal reprocessing. Through its ReElement Technologies subsidiary, the company processes rare earth elements and battery metals using its patented 'Capture-Process-Purify' methodology.
ReElement Technologies, a subsidiary of American Resources (NASDAQ:AREC), has begun developing its Marion, Indiana super site for rare earth and lithium refining. The facility's Phase 1 targets production of 5,000 metric tons of lithium carbonate (99.9%+) and 1,000 metric tons of rare earth oxides (99.5%+), with potential revenue of $150 million based on current market prices.
The 42-acre campus features 425,000 square feet of production space and 250,000 square feet of expansion-ready area. The facility will process both recycled materials and concentrated ores, with infrastructure including rail loadout, 37 truck bays, and utilities already installed. The site aims to reduce U.S. dependence on Chinese refining capacity for critical materials.
American Resources (NASDAQ:AREC) has announced the rescheduling of a live Virtual Investor 'What This Means' webcast featuring its subsidiary ReElement Technologies and IRIS Metals. The event, originally postponed due to a family emergency, is now set for Thursday, October 24, 2024, at 1:00 PM ET.
The webcast will focus on discussing the recently announced Memorandum of Understanding (MOU) between ReElement and IRIS Metals for downstream lithium conversion and production of battery-grade lithium carbonate equivalent (LCE). Investors will have the opportunity to submit questions live during the event.
ReElement Technologies, a wholly-owned subsidiary of American Resources, specializes in high-performance refining of rare earth and critical battery elements. The company employs a multi-mineral, multi-feedstock platform technology for refining recycled materials, concentrated ores, and various waste streams to support the growing demand for magnet and battery-grade products.
American Resources and its subsidiary ReElement Technologies have announced a live Virtual Investor 'What This Means' webcast with IRIS Metals on October 17, 2024, at 1:00 PM ET. The webcast will discuss their recently announced Memorandum of Understanding (MOU) for downstream lithium conversion and production of battery-grade lithium carbonate equivalent (LCE).
The event will feature a moderated discussion and allow investors to submit questions live. ReElement Technologies, a wholly owned subsidiary of American Resources (NASDAQ:AREC), is a provider of high-performance refining capacity for rare earth and critical battery elements. IRIS Metals (ASX:IR1) is an exploration company with assets in South Dakota, focusing on hard rock lithium.
The webcast aims to provide insights into the partnership's potential impact on the battery metals and critical minerals supply chain.
American Resources 's subsidiary, ReElement Technologies, has signed a Memorandum of Understanding (MOU) with Vulcan Elements to develop a fully domestic and sustainable rare earth magnet supply chain. The partnership aims to integrate ReElement's efficient magnet recycling and rare earth ore refining processes into Vulcan's domestic magnet manufacturing.
ReElement will provide Vulcan with magnet-grade heavy and light rare earth elements essential for high-performance permanent magnets, while also recycling magnet manufacturing scrap. The collaboration will address national security and supply chain needs, leveraging ReElement's proprietary technology for rare-earth magnet recycling and ore purification.
The companies will also assess potential sites to co-locate facilities to enhance efficiencies within the magnet supply chain. ReElement's patented chromatographic separation and purification technology offers a cost-effective, scalable, and environmentally safe alternative to legacy processes in the rare earth and critical battery elements industry.
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