American Resources Corp

American Resources Corp. engages in the extraction, processing, transportation, and distribution of metallurgical coal to the steel industry. It focuses on the operation of coal mining complexes located primarily within Pike, Knott, and Letcher Counties, Kentucky, and Wyoming County, West Virginia. The company was founded in 2006 and in headquartered in Fishers, IN.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

American Resources Corp reports robust revenue growth and strategic positioning

American Resources Corp had a strong performance in 2022 with significant revenue growth and strategic positioning within the electrification economy. While facing challenges such as feedstock availability and SEC inquiries, the company is focused on capitalizing on opportunities to unlock value for shareholders through asset monetization and expansion.

American Resources Corp reports strong Q1 performance and strategic focus

AREC's Q1 performance strong despite cash balance decrease
Strategic focus on cash flow, value creation, and attracting investors
Challenges include cash balance decline and valuation concerns

American Resources Corp (AREC) demonstrates resilience and growth strategies

American Resources Corp (AREC) navigated revenue challenges with operational flexibility and is well-positioned for growth through strategic asset monetization and refining advancements.
The company's focus on unlocking shareholder value, expanding refining facilities, and exploring new market opportunities underscores a proactive approach to driving future success.
With a strong emphasis on innovation, partnerships, and market adaptation, American Resources Corp (AREC) is poised to capitalize on emerging trends in critical minerals and recycling.

American Resources Corp excels in Q3, eyes global mineral dominance

American Resources Corp and ReElement Technologies show promising growth potential in critical mineral markets
Strategic initiatives in asset unbundling and expansion into new refining operations position the company for future success
Commitment to innovation, cost-effectiveness, and shareholder value drives business development and competitive edge
Challenges in regulatory compliance and global competition require strategic planning and operational excellence

American Resources Corp reports Q4 revenue decline but anticipates Q2 growth

American Resources Corp navigates revenue challenges in Q4 2023 with a strategic focus on ramping up production, expanding partnerships, and positioning assets for separation into stand-alone companies.
The company's strengths lie in their competitive cost advantage, environmentally sound technology, and strategic positioning in rare earth circular supply chain and refining technology.
Challenges include cost competitiveness compared to China, balancing feedstock acquisition and sales growth, and managing operational complexities in refining and community impact.
Opportunities in German battery recycling partnerships, royalty income guidance, and strategic partnerships for refining technology and feedstock supply chain drive the company's growth and market positioning.

American Resources Corp (AREC) reports strong Q1 performance and strategic growth plans

American Resources Corp (AREC) showcased strong performance, strategic initiatives, and commitment to transparency and value creation in the Q1 earnings call.
The company's strengths lie in sustainable solutions, operational efficiency, and access to defense contracts, positioning it for long-term success and growth.
Challenges include spinoff execution, market dynamics, and capital allocation post-separation, requiring effective strategies and continuous innovation.
Opportunities in mining operations, technology advancements, defense contracts, and value creation post-separation offer promising growth prospects for AREC.

American Resources Corp (AREC) excels in Q2 2024 earnings call

American Resources Corp (AREC) showcased strong performance, strategic directives, and advancements in refining solutions during Q2 2024.
The company's focus on transparency, communication, and shareholder value generation underpins its strategic vision and operational excellence.
Challenges in capital raise plans, asset valuations, and market perception align with opportunities in partnerships, technology advancements, and revenue growth.

American Resources Corp reports strong Q3 performance and strategic growth plans

AREC's Q3 earnings call highlighted strong performance, innovation in rare earth elements, and strategic financial planning.
Focus on unlocking shareholder value, partnership progress, and future growth strategies were key takeaways.
Challenges include spin-off execution, revenue ramp-up, and partner disclosures, while opportunities exist in innovation and partnerships.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Novusterra's patented technology will be further developed and implemented through a research and development investment by the United States Army FISHERS, IN / ACCESSWIRE / February 13, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that their affiliated company, Novusterra Inc. (Private) ("Novusterra") a company specializing in the development and production of carbon nanomaterials and graphene for the infrastructure, agriculture, electrification economy, and national security announced today that the United States Army will be using its patented technology to develop greater protection of sensitive technologies. Through this collaborative partnership between Novusterra, Texas Tech University (its academic research partner), and under subcontract with Kenai Defense (a prime defense contractor with a focus on material technology development), the parties will further develop Novusterra's patents for the production of carbon nanostructures and graphene utilizing coal as its primary, low-cost feedstock for next-generation defense applications.

American Resources Corporation's Affiliated Company, Novusterra Inc., Announces Strategic Partnership with Kenai Defense, Texas Tech University, to Support U.S. Army Objectives

Novusterra's patented technology will be further developed and implemented through a research and development investment by the United States Army. FISHERS, IN / ACCESSWIRE / February 12, 2024 / Novusterra Inc. (Private) ("Novusterra" or the "Company"), a company specializing in the development and production of carbon nanomaterials and graphene for the infrastructure, agriculture, and electrification economy, and national security announced today that the United States Army will be using its patented technology to develop greater protection of sensitive technologies.

Novusterra Inc. Announces Strategic Partnership with Kenai Defense, Texas Tech University, to Support U.S. Army Objectives

American Resources (AREC) believes that the completed initial reserve study and material assays can make the mineral asset a world-class asset for iron ore, titanium & other key or strategic elements.

American Resources (AREC) Closes Mineral Asset Interest Buyout

Jamaican-based resource deposit further establishes American Carbon's foothold in the steelmaking supply chain for infrastructure development and expansion Acquisition of mineral deposit and exclusive offtake rights for six percent of American Carbon establishes an acquisition value of approximately $19.3 million Initial reserve analysis represents over 212.9 million tons of total feedstock deposits FISHERS, IN / ACCESSWIRE / February 7, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") subsidiary American Carbon Corporation ("American Carbon"), an owner and operator of low-cost, high-quality metallurgical and specialty carbon assets, has acquired a 51% ownership interest in a diversified mineral asset with a focus on iron ore, titanium and vanadium with an initial estimated deposit of 212,925,000 tons of raw feedstock with an estimated 106,462,500 tons of ore body, based on an average of 50% magnetic material. Tarlis Thompson, Chief Executive Officer of American Carbon Corporation, emphasized the importance and expansion into the broader supply chain for infrastructure and steel inputs stated, "This project is a diversified and high-quality asset that our team and colleagues have worked on for over a year to evaluate the market need and importance for high value assets in the iron ore and titanium markets.

American Resources Corporation's American Carbon Corporation Completes Strategic Acquisition of 51% Interest in Iron Ore and Titanium Assets

FISHERS, IN / ACCESSWIRE / February 1, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation ("ReElement"), a leading provider of high performance refining capacity of rare earth and critical battery elements, will be attending the following conferences in February where they will be presenting, leading discussions or meeting with customers and industry partners. Center for Strategic & International Studies (CSIS) - Mineral Processing Private Roundtable: February 1, 2024Location: Washington D.C.

American Resources Corporation's ReElement Technologies Announces February Slate of Conferences

Parties will collaborate to support a complete and EU-compliant, life-cycle solution for lithium-based batteries deployed in the EU marketplace Second MOU executed by ReElement to refine recycled black mass sourced from the German market back to high-purity, battery cell-grade products FISHERS, ID / ACCESSWIRE / January 30, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation, ("ReElement") a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today that it has executed a MOU with Battery Damage Service GmbH(BDS). This MOU forms the collaborative framework to support a complete and EU-compliant, life-cycle solution for lithium-based batteries deployed throughout the EU marketplace, and marks the second recently announced agreement from ReElement to source recycled black mass from the German market.

American Resources Corporation's ReElement Technologies Executes MOU with Battery Damage Service GmbH

Parties will collaborate to support the construction of African lithium-ion cell manufacturing plants or "gigafactories" within the African markets ReElement to support Afrivolt's construction of comprehensive circular lithium-battery ecosystem with African critical minerals refined in Africa utilizing ReElement's innovative chromatographic purification technology FISHERS, IN / ACCESSWIRE / January 23, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation, ("ReElement") a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today that it has executed a MOU with Afrivolt Pty Ltd ("Afrivolt"), a pioneer in developing large industrial projects to support the build-out of Africa's regional and global lithium-ion battery supply chains. The agreement between ReElement and Afrivolt will focus on establishing a comprehensive closed-loop lithium-battery and EV manufacturing ecosystem within Africa utilizing critical minerals mined in regional localities with refining and purification performed by ReElement Africa and its subsidiaries including ReElement Ghana.

American Resources Corporation's ReElement Technologies Executes MOU with Afrivolt Pty Ltd to Establish a Comprehensive Closed-Loop African Battery & EV Supply Chain

American Resources' (AREC) unit demonstrates that its patented chromatographic separation and purification method is a low-cost, scalable, flexible and environmentally safe alternative.

American Resources' (AREC) Arm Executes MOU With Duesenfeld

Law firm Alexander & Partner Rechtsanwälte mbB has strong representation in key markets for ReElement including Ghana, Nigeria, Senegal and Germany ReElement Technologies Ghana LLC will initially be wholly owned by ReElement Technologies Africa Ltd, a wholly owned subsidiary of ReElement Technologies Corporation FISHERS, IN / ACCESSWIRE / January 16, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") wholly owned subsidiary, ReElement Technologies LLC ("ReElement"), a leading provider of high performance refining capacity of rare earth and critical battery elements, today announced it has engaged law firm Alexander & Partner Rechtsanwälte mbB for the formation of ReElement Technologies Ghana LLC ("ReElement Ghana") under Ghanaian law along with future work in other key ex-US markets under development by ReElement Technologies. Shane Tragethon, Vice President of International Strategy of ReElement Technologies commented, "We are excited to work with the preeminent team of Alexander & Partner on the formation of our Ghanaian.

American Resources Corporation's ReElement Technologies Engages Law Firm Alexander & Partner for Formation of ReElement Ghana

The partnership includes regular deliveries of high quality LFP black mass, Duesenfeld Black®, for ReElement to refine back to battery-grade products The Duesenfeld battery shredding system for lithium-ion batteries is a world-leading technology for the sustainable processing of end-of-life batteries FISHERS, IN / ACCESSWIRE / January 11, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation, ("ReElement") a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today that it has executed a MOU for the supply of lithium iron phosphate (LFP) black mass with Duesenfeld GmbH (Duesenfeld). ReElement will refine the recycled LFP battery material feedstock back to battery grade lithium products such as lithium carbonate (Li2CO3) and/or lithium hydroxide (LiOH) at its Marion, Indiana and Noblesville, Indiana refining facilities.

American Resources Corporation's ReElement Technologies Executes MOU for Initial Offtake of LFP Black Mass with Duesenfeld GmbH

FISHERS, IN / ACCESSWIRE / January 8, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation ("ReElement"), a leading provider of high performance refining capacity of rare earth and critical battery elements, will be attending the following conferences in January where they will be presenting, leading discussions or meeting with customers and industry partners. Consumer Electronic Show (CES) 2024: January 9, 2024 - January 12, 2024 Location: Las Vegas (Las Vegas Convention Center and Venetian Expo) CES® is the most powerful tech event in the world - the proving ground for breakthrough technologies and global innovators.

American Resources Corporation's ReElement Technologies Announces January Slate of Conferences

Mark Gilbert served as the United States Ambassador to New Zealand and Samoa and Vice Chairman of the Private Wealth Management division of UBS Ambassador Gilbert was awarded the Navy's Distinguished Public Service Award - the U.S. military's highest civilian honor FISHERS, IN / ACCESSWIRE / January 4, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation, ("ReElement") a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today the appointment of former U.S. Ambassador Mark Gilbert and former Vice Chairman of UBS Private Wealth Management to its Board of Directors. Mark Jensen, CEO of ReElement Technologies Corporation commented, "This is an exciting day for our company as we continue to build out a world class team.

American Resources Corporation's ReElement Technologies Adds Former United States Ambassador Mark Gilbert to Board of Directors

American Resources (AREC) affiliate's collaboration supports the U.S. Air Force as it works to increase the longevity of home and forward deployed airfields.

American Resources (AREC) Affiliate Partners US Air Force

Novusterra's patent technology is being funded by a $6.5 million investment by the United States Air Force to improve durability of forward-deployed airfields Technology partnership is focused on the use of carbon nanomaterial additives to concrete to create enhanced durability of airfields FISHERS, IN / ACCESSWIRE / January 3, 2024 / Novusterra Inc. (Private) ("Novusterra" or the "Company"), a company specializing in the development and production of carbon nanomaterials and graphene to the infrastructure, agriculture, and electrification economy, announced today that its patented technology to produce carbon nanomaterial additives for concrete and asphalt pavements is being used as the exclusive patented technology in a comprehensive research project to improve the future durability of airfields for the United States Air Force. Greg Jensen, CEO of Novusterra commented, "We are honored to serve alongside our partners at Kenai Defense, Texas Tech University, and the United States Air Force as we use our exclusively licensed patents to better serve our beloved United States Air Force as we work to improve the durability of their domestic and forward deployed airfields.

Novusterra Inc. Announces Strategic Partnership with Kenai Defense, Texas Tech University, and the United States Air Force

Novusterra's patent technology is being funded by a $6.5 million investment by the United States Air Force to improve durability of forward-deployed airfields Technology partnership is focused on the use of carbon nanomaterial additives to concrete to create enhanced durability of airfields FISHERS, IN / ACCESSWIRE / January 3, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that their affiliated company, Novusterra Inc. (Private) ("Novusterra") a company specializing in the development and production of carbon nanomaterials and graphene to the infrastructure, agriculture, and electrification economy, announced that its patented technology to produce carbon nanomaterial additives for concrete and asphalt pavements is being used as the exclusive patented technology in a comprehensive research project to improve the future durability of airfields for the United States Air Force. Greg Jensen, CEO of Novusterra commented, "We are honored to serve alongside our partners at Kenai Defense, Texas Tech University and the United States Air Force as we use our exclusively licensed patents to better serve our beloved United States Air Force as we work to improve the durability of their domestic and forward deployed airfields.

American Resources Corporation's Affiliated Company, Novusterra Inc., Announces Strategic Partnership with Kenai Defense, Texas Tech University, and the United States Air Force

Mr. Higgins has 30 years of distinguished service with the Central Intelligence Agency (CIA) as Chief of Staff to the Director and Assistant Director for Africa Founder of KSTK Enterprises, LLC, an organization driven to opportunities to close the divide between private industry and the US national security domain FISHERS, IN / ACCESSWIRE / January 2, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation, ("ReElement") a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today the appointment of Kevin Higgins, a national security expert and former intelligence community senior executive who retired from the Central Intelligence Agency (CIA) after 30 years of distinguished service, to its Board of Directors. Mark Jensen, CEO of ReElement Technologies Corporation commented, "We could not be more grateful to have Kevin join our ReElement board at a crucial moment of our business expansion.

American Resources Corporation's ReElement Technologies Adds Former CIA Senior Executive Kevin Higgins to Board of Directors

Here is how American Resources Corporation (AREC) and Axalta Coating Systems (AXTA) have performed compared to their sector so far this year.

Is American Resources (AREC) Outperforming Other Basic Materials Stocks This Year?

Royalty Management Holding Corp

Advanced Magnetic Labs is evaluating multiple sites for commercial-scale manufacturing expansion within the United States following a successful year of technology advancement American Resources and Royalty Management have jointly participated in funding rounds in AML along with ReElement Technologies providing rare earth oxides FISHERS, IN / ACCESSWIRE / December 19, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources"), a next generation and socially responsible supplier of rare earth and critical elements, and Royalty Management Holding Co. (NASDAQ:RMCO) (the "Royalty Management"), a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high-value assets in a sustainable market environment, have announced that their partner and investments in Advanced Magnetic Labs, Inc. has announced a successful year of advancing its technology, capabilities, and strategic relationships for positioning into commercial manufacturing of permanent magnet products. Both American Resources Corporation and Royalty Management Corporation have participated in the Series A Round of capital raising by Advanced Magnet Lab, Inc. ("AML") a recognized leader in the development of innovative magnet technologies.

Royalty Management Holding Corporation's and American Resources Corporation's Investment In Advanced Magnetic Labs, Inc. Results in Commercial Manufacturing of Permanent Magnets

American Resources Corporation's and Royalty Management Holding Corporation's Investment In Advanced Magnetic Labs, Inc Results in Commercial Manufacturing of Permanent Magnets

Partnership showcases Reelement's value-added attributes as a scalable, low cost and clean critical mineral refining platform Ghanaian, commercial-scale facility will be built with initial refining capacity to produce 30,000 metric tons of battery-cell-grade lithium carbonate per year ACCRA, GHANA and FISHERS, IN / ACCESSWIRE / December 11, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company") subsidiary, ReElement Technologies Corporation ("ReElement"), a leading provider of high-performance refining capacity of rare earth and critical battery elements, announced today that it has joined forces with TECHGULF Ghana Limited, a prominent technology firm, to introduce Africa's inaugural lithium processing and refining plant in Ghana. This ground-breaking initiative, unveiled during a courtesy call on the Vice President of the Republic of Ghana, His Excellency Dr. Mahamudu Bawumia, signals a significant leap forward in Africa's quest for sustainable energy solutions and economic development driven by the growing lithium industry.

American Resources Corporation's Subsidiary, ReElement Technologies Corporation, Partners with TECHGULF Ghana to Launch Africa's First Lithium Processing Plant in Ghana

Mr. Kincaid brings years of leadership experience to ReElement Technologies Africa after serving and leading teams in multiple countries overseas as a U.S. Diplomat ReElement's innovative critical mineral refining and recovery platform has been recognized in multiple African markets as a competitive, value-added processing solution FISHERS, IN / ACCESSWIRE / December 7, 2023 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation, ("ReElement") a leading provider of high performance refining capacity of rare earth and battery elements, announced today it has expanded its Africa strategy with the appointment of Ben Kincaid as the Chief Executive Officer of its recently announced subsidiary, ReElement Technologies Africa Ltd. ReElement Technologies Africa is focused on developing commercial partnerships and working with regional and local communities to expand its high performance, environmentally sustainable critical mineral refining solution.

American Resources Corporation's ReElement Technologies Corporation Appoints Ben Kincaid as CEO of ReElement Technologies Africa Ltd

Company recently submitted for bond releases on approximately 1,170 acres of previously mined lands representing over $2.8 million in surety bonds Company has previously submitted or received bond releases on over 8,000 acres of impacted mining land from acquired assets FISHERS, IN / ACCESSWIRE / December 6, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, announced today that its continued focus on proper environmental stewardship through reclamation and remediation of former mining operations has resulted in recent regulatory submissions for environmental bond surety releases on over 1,170 acres of former coal mining lands, representing over $2.8 million in bonding liability that is anticipated to be released by various state regulatory agencies. With these recent submissions, and after the approvals from state agencies, it will bring the total number of acres of prior impacted coal mining operations that the Company has reclaimed or released to over 8,000 acres from previously acquired impacted lands and stranded mining permits.

American Resources Corporation Continues Winning Streak With Proper Environmental Stewardship

ReElement Africa will be the parent company of local entities held throughout countries of Africa ReElement Africa provides the flexibility for financing and ownership structures at the local level FISHERS, IN / ACCESSWIRE / December 4, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company") subsidiary, ReElement Technologies Corporation ("ReElement"), a leading provider of high-performance refining capacity of rare earth and critical battery elements, announced today the establishment of ReElement Technologies Africa Ltd ("ReElement Africa"). ReElement Africa will be the parent company for each entity established within certain countries throughout the resource-rich African continent to leverage ReElement's unique and efficient critical mineral refining technology.

American Resources Corporation's ReElement Technologies Forms ReElement Technologies Africa Ltd

The JV will utilize ReElement Techologies' proven commercial-scale lithium-ion battery recycling and refining technology to produce battery recycle and reuse lithium within Japan to feed the Japanese marketplace ReElement and JHUT will establish ReElement Technologies Japan to operate its JV partnership enabling optimal sourcing and refining operations in Japan Watch Chief Executive Officer, Mark Jensen, discuss the JV partnership with JHUT LLC on demand (link below) FISHERS, IN / ACCESSWIRE / November 15, 2023 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation ("ReElement"), a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today that it has entered into joint venture partnership with JHUT LLC to a establish ReElement Technology Japan ("RTJ"), an entity that will operate lithium-ion battery and battery material recycling hub in the Oimachi, Oi-gun, Fukui Prefecture of Japan utilizing ReElement's revolutionary and proven critical mineral recycling and refining technology. Mark Jensen, Chief Executive Officer of ReElement Technologies commented, "Over the course of the last year, we have had the opportunity to collaborate and strategize on a partnership with the JHUT team, and we are excited that we have come to an agreement to move forward together.

American Resources Corporation's Subsidiary, ReElement Technologies Corporation, and JHUT LLC Sign Joint Venture Partnership to Recycle and Refine Lithium-Ion Battery Material in Japan

American Resources Corporation (NASDAQ:AREC ) Q3 2023 Results Conference Call November 14, 2023 4:30 PM ET Company Participants Mark LaVerghetta - Vice President of Corporate Finance and Communications Mark Jensen - Chief Executive Officer Kirk Taylor - Chief Financial Officer Conference Call Participants Heiko Ihle - H.C. Wainwright Steve Segal - KBB Asset Management Keith Goodman - Maxim Group Mike Niehuser - Roth MKM Operator Good day, everyone, and welcome to today's American Resources Corporation Third Quarter 2023 Conference Call.

News for American Resources Corp Stock (AREC)