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' subsidiary, ReElement Technologies, has partnered with Jupiter Lithium to develop Nigeria's first large-scale lithium deposit. Spanning 442 sq km, the project aims to make Nigeria a regional hub for lithium mining and EV manufacturing. Initial production of 55,000 tons of 6% lithium spodumene concentrate is expected in Q1 2025, ramping up to 167,000 tons in two years. ReElement will build a high-purity lithium carbonate processing facility, leveraging its innovative chromatographic technology. The project seeks to support local economic development, including job creation and infrastructure improvements, and strengthen Nigeria's non-oil export sector. The phased development approach has the Nigerian government's support.
American Resources (NASDAQ:AREC) announced its participation in a Virtual Investor CEO Connect segment, featuring CEO Mark Jensen. In this segment, Mr. Jensen discussed the company’s current opportunities, ongoing actions to unlock value, and the focus of its business lines. American Resources specializes in supplying rare earth and critical elements, carbon, and advanced carbon materials for infrastructure and electrification markets. With operations in eastern Kentucky and southern West Virginia, the company employs a low-cost business model to maximize margins and reduce costs, aiming for significant growth in the global infrastructure and electrification markets.
American Resources (NASDAQ:AREC) has entered into an agreement for a third party to capture and process coal bed methane (CBM) and coal mine methane (CMM) at its Mine #15 in Pike County, Kentucky. This initiative is expected to generate new revenue streams and improve mine safety without requiring any capital investment from the company. The improved safety and reduced costs are anticipated as the company evaluates restarting its metallurgical carbon operations. The agreement is part of American Resources' broader strategy to enhance environmental stewardship and maximize asset value through methane capture and processing, ultimately benefiting shareholders. Additionally, the company's American Carbon division is being spun off to focus on restarting high-quality metallurgical carbon mining operations.
American Resources 's subsidiary, American Metals , has entered into a business combination agreement with AI Transportation Acquisition Corp, valued at $170 million.
Post-transaction, both companies will become subsidiaries of Electrified Materials , which will be listed on Nasdaq under 'EMCO'.
American Metals, a recycler of metals for the electrified economy, aims to expand its operations in recycling and refining critical metals such as copper, aluminum, and battery elements.
The combination aims to leverage the growing demand for these metals and streamline the supply chain through partnerships, including with ReElement Technologies.
The transaction is subject to regulatory and shareholder approvals.
American Resources (NASDAQ:AREC) has issued a statement in response to market volatility driven by false allegations about a stock issuance. The claims, circulated in online chat rooms, suggested that the company was issuing 20 million shares at 48 cents each, which the company vehemently denies. CEO Mark Jensen highlighted the damaging effects of such misinformation and announced that the company has filed a complaint with the SEC and NASDAQ to investigate these activities. He emphasized that American Resources is not raising capital at this time and is focusing on growing its business through non-dilutive capital methods. Jensen also criticized the systemic issue of naked short selling and speculative trading based on false information, calling for regulatory investigations.
American Resources (NASDAQ:AREC) has announced a change in the distribution date for the special dividend of its subsidiary, American Carbon Initially set for an earlier date, the distribution will now occur on August 9, 2024, to facilitate the listing of American Carbon on a national exchange. Shareholders of American Resources as of May 27, 2024, remain eligible for the dividend. CEO Mark Jensen highlighted the company's dedication to maintaining shareholder liquidity and enhancing value. Additionally, the company is working on establishing distribution dates for its ReElement Technologies division. This adjustment aims to maximize market opportunities and shareholder benefits.
American Resources (NASDAQ: AREC), a provider of rare earth elements, carbon, and advanced materials, will participate in the Virtual Investor Closing Bell Series on May 23, 2024, at 4:00 PM ET. CEO Mark Jensen will present a corporate overview and business outlook, followed by a moderated discussion where investors can submit questions. This event, available via live webcast on the company's website, will also offer a replay for 90 days. American Resources focuses on extracting and processing metallurgical carbon and rare earth minerals, primarily in the Central Appalachian basin. The company leverages a low-cost, growth-oriented model to enhance margins and reduce costs.
American Resources (NASDAQ:AREC) reported its Q1 2024 financial results, detailing a net loss of $6.23 million, or $0.03 per share, increasing from a $3.1 million loss in Q1 2023. Revenue fell sharply to $94,019 from $8.87 million year-over-year. However, adjusted EBITDA improved to $4.84 million from a loss of $1.59 million in Q1 2023.
The company closed a $150 million tax-exempt bond for its Kentucky Lithium refining facility and secured several strategic partnerships. Their ReElement Technologies unit achieved significant milestones in refining critical minerals. They continue to develop their Wyoming County Coal project and reclaimed over 9,000 acres from former mining operations. American Resources also announced a special dividend distribution and a strategic spin-off plan for ReElement and American Carbon.
The company aims to leverage its advanced technologies and partnerships to expand both domestically and internationally, positioning itself as a leader in sustainable critical mineral refining.
American Resources (NASDAQ: AREC), a supplier of rare earth and critical elements, carbon, and advanced carbon materials, will report its first quarter 2024 financial results on May 21, 2024.
The company will host a conference call and live audio webcast the same day at 4:30 PM ET to provide a business outlook.
Participants and investors can join the call by dialing 877-407-4019 and referencing 'American Resources' First Quarter 2024 Conference Call', or via the provided webcast link.
American Resources 's subsidiary, ReElement Technologies, has been accepted as a member of the Defense Industrial Base Consortium (DIBC). The DIBC aims to enhance national security by diversifying and expanding the defense industrial base. ReElement specializes in refining critical minerals like rare earth elements and battery elements, using a patented chromatography process. This membership will help ReElement showcase its ability to onshore refined defense minerals production, which is important for battery, magnet, and military-grade products. CEO Mark Jensen expressed confidence in their technology and plans to scale their operations aggressively.
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