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

American Resources Corporation (NASDAQ:AREC) announced that it has entered into a bond purchase agreement with Hilltop Securities, Inc, for the sale of the West Virginia Economic Development Authority (WVEDA) preliminarily approved issuance of, and a volume cap allocation for $45 million of private activity, Solid Waste Disposal Facility Revenue Bonds, Series 2023, for the company's Wyoming County Coal (WCC) complex in West Virginia. The socially-responsible supplier of raw materials to the new infrastructure and electrification marketplace said the $45 million Tax-Exempt Industrial Development Bonds will fund the expansion and technological improvements to the existing metallurgical carbon processing facility as well as the integration and construction of new rare earth processing capacity.

American Resources inks $45M bond purchase deal for carbon processing facility in West Virginia

Wyoming County Coal set to be the first commercial producer of rare earth and critical elements from carbon waste streams $45 million Tax-Exempt Industrial Development Bonds will fund the expansion and technological improvements to the existing metallurgical carbon processing facility as well as the integration and construction of new rare earth processing capacity FISHERS, IN / ACCESSWIRE / June 1, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that it has entered into a bond purchase agreement with Hilltop Securities, Inc., for the sale of the West Virginia Economic Development Authority ("WVEDA") preliminarily approved issuance of, and a volume cap allocation for $45,000,000 of private activity, Solid Waste Disposal Facility Revenue Bonds, Series 2023, for the Company's Wyoming County Coal ("WCC") complex located near the town of Oceana, West Virginia. On May 31, 2023, WCC entered into a Bond Purchase Agreement to sell West Virginia Development Authority Solid Waste Disposal Facility Revenue Bonds, Series 2023, at the purchase price of $45,000,000 less an underwriting discount of $900,000.

American Resources Corporation's Integrated Rare Earth, Critical Element and Metallurgical Carbon Processing Facility Signs Bond Purchase Agreement for $45,000,000

American Resources Corporation (NASDAQ:AREC) told investors that its ReElement Technologies subsidiary has signed a partnership agreement with American Lithium Energy Corporation (ALE) aimed at enhancing the current supply chain for lithium-ion batteries to the energy storage industry. Under the agreement, ReElement Technologies will supply the high-purity lithium and other refined battery minerals to be used in creating ALE's state-of-the-art batteries that are used in a variety of applications and industries including medical, aerospace, defense, and electric vehicles.

American Resources subsidiary signs lithium offtake and partnership agreements with American Lithium Energy

ReElement Technologies will supply high-purity, battery-grade materials for use in American Lithium Energy's battery manufacturing process The companies will work to co-locate operations within the other's facilities for battery manufacturing and efficient recovery of high value elements to recirculate back into the manufacturing process. American Resources Corporation and affiliates intend to invest up to $3 million into ALE to further align core competencies and growth objectives FISHERS, IN / ACCESSWIRE / May 31, 2023 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") subsidiary, ReElement Technologies LLC ("ReElement Technologies"), a leading provider of high performance refining capacity of battery and rare earth elements, is pleased to announce that it has signed a partnership with American Lithium Energy Corporation ("ALE") to enhance the current supply chain for lithium-ion batteries to the energy storage industry by supplying battery-grade materials, investing in and co-locating advanced refining capacity with ALE's battery manufacturing.

American Resources Corporation's ReElement Technologies Signs Lithium Offtake and Partnership Agreements with American Lithium Energy Corporation

American Resources Corporation (NASDAQ:AREC ) Q1 2023 Earnings Conference Call May 15, 2023 4:30 PM ET Company Participants Mark LaVerghetta - VP, Corporate Finance and Communications Mark Jensen - Chairman and CEO Kirk Taylor - CFO Conference Call Participants Heiko Ihle - H.C. Wainwright Operator Good day ladies and gentlemen and welcome to the American Resources Corporation's First Quarter 2023 Conference Call.

American Resources Corporation (AREC) Q1 2023 Earnings Call Transcript

American Resources Corporation (NASDAQ:AREC) has released first quarter financial results and a corporate update, highlighting the progress at its ReElement Technologies and American Carbon divisions.  "Throughout the first quarter of 2023 we continued to focus on solidifying our strategic positioning within the value chain of our addressable markets,” CEO Mark Jensen said in a statement.

American Resources CEO says excitement is at 'all-time high' after 1Q results

The first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets and high-purity battery elements from recycled lithium-based batteries Company's patented chromatographic separation and purification process defining itself as the world-leading critical mineral refining technology Company has showcased its ability to sustainably produce ultra-high pure lithium carbonate (99.986% pure) from recycled batteries through independent lab analysis Executing on global expansion and resource diversification strategy to secure partnerships to refine lithium ores from international sources Company to host update conference call today at 4:30 PM ET FISHERS, IN / ACCESSWIRE / May 15, 2023 / 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 financial results for the first quarter of 2023. The Company will host a conference call and webcast, today, May 15, 2023, at 4:30 PM ET (details below).

American Resources Corporation Reports First Quarter 2023 Financial Results and Provides Business Outlook

Company to host conference call on Monday, May 15th at 4:30 PM ET FISHERS, IN / ACCESSWIRE / May 8, 2023 / 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 it will report its first quarter 2023 financial results on Monday, May 15, 2023. The American Resources management team will host a conference call and live audio webcast to provide a business outlook at 4:30 PM ET that same day.

American Resources Corporation to Report First Quarter 2023 Financial Results on May 15, 2023

American Resources Corporation (NASDAQ:AREC ) Q4 2022 Earnings Conference Call March 30, 2023 4:30 PM ET Company Participants Mark LaVerghetta - Vice President, Corporate Finance and Communications Mark Jensen - Chairman and Chief Executive Officer Kirk Taylor - Chief Financial Officer Tom Sauve - President Conference Call Participants Heiko Ihle - H.C. Wainwright Mike Niehuser - ROTH Capital Partners Steve Segal - KBB Asset Management Kyle Gallagher - Merrill Lynch Derrick Stone - Private Investor Operator Greetings.

American Resources Corporation (AREC) Q4 2022 Earnings Call Transcript

American Resources Corporation (AREC) delivered earnings and revenue surprises of -266.67% and 63.96%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

American Resources Corporation (AREC) Reports Q4 Loss, Lags Revenue Estimates

American Resources Corporation (NASDAQ:AREC) announced financial results for the fourth quarter and full year ended December 31, revealing the company swung to a profit.  For the fourth quarter, American Resources reported net income of $9.5 million, $0.14 per share, compared to a net loss of $10.4 million, $0.17 per share, in the prior year period.

American Resources swings to a profit on strong 4Q results

2022 revenues increased over 400% vs. 2021 and carbon operations continue to scale The first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets and high-purity battery elements from recycled lithium-based batteries Company's patented chromatographic separation and purification process defining itself as the world-leading critical mineral refining technology Strong balance sheet provides financial strength and flexibility to execute on its innovation, collaboration and growth plans Company to host update conference call today at 4:30 PM ET FISHERS, IN / ACCESSWIRE / March 30, 2023 / 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 financial results for the fourth quarter and full year ended December 31, 2022.

American Resources Corporation Reports Fourth Quarter and Record Full Year 2022 Financial Results and Provides Business Outlook

Company to host conference call on Thursday, March 30th at 4:30 PM ET FISHERS, IN / ACCESSWIRE / March 23, 2023 / 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 it will report its fourth quarter and full year 2022 financial results on Thursday, March 30, 2023. The American Resources management team will host a conference call and live audio webcast to provide a business outlook at 4:30 PM ET that same day.

American Resources Corporation to Report Fourth Quarter and Full Year 2022 Financial Results on March 30, 2023

American Resources Corporation (NASDAQ:AREC) has announced that its subsidiary American Carbon Corporation has commissioned its McCoy Elkhorn processing facilities in Pike County, Kentucky for internal processing, third-party processing, and carbon loading businesses. The company said commissioning of the processing plant will enable additional growth opportunities and enhance margins from existing production.

American Resources says subsidiary commissions McCoy Elkhorn processing plant for internal and third-party carbon processing

McCoy Elkhorn's processing plant is a state-of-the-art carbon complex with cumulative production capacity of 1,300 tons per hour, full logistics and extensive refuse storage impoundments Operating the internal processing and logistics facilities provides significant opportunity to expand processing revenue and expand margins from internal production FISHERS, IN / ACCESSWIRE / March 6, 2023 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company"), American Carbon subsidiary, a leading producer of high quality metallurgical and specialty carbon, announced that it has commissioned its McCoy Elkhorn processing facilities in Pike County, Kentucky for internal processing, third party processing, and carbon loading businesses, thereby enabling additional growth opportunities and enhanced margins from existing production. Tarlis Thompson, President of American Carbon Corporation commented, "We are excited to be in an advantageous position to commence operation at our McCoy Elkhorn processing and loading facilities, which are state-of-the-art facilities located in the heart of the metallurgical coal region of eastern Kentucky.

American Resources Corporation's American Carbon Commissions the McCoy Elkhorn Processing Plant For Both Internal and Third Party Carbon Processing

American Resources Corporation (NASDAQ:AREC) has announced that its subsidiary American Carbon Corporation, a leading producer of high-quality metallurgical and specialty carbon, has expanded production at its Carnegie 2 metallurgical carbon mine in Pike County, Kentucky, by adding a second operating section.  The company said production from this section is expected to initially ramp up to approximately 9,000 to 12,000 additional tons per month.

American Resources says American Carbon subsidiary expands production at Carnegie 2 metallurgical carbon mine

Development expected to double the production at Carnegie 2 metallurgical carbon mine Company is utilizing existing equipment from its fleet to efficiently expand production and minimize the capex thereby increasing rate of return to shareholders FISHERS, IN / ACCESSWIRE / March 2, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), through its subsidiary, American Carbon Corporation, a leading producer of high quality metallurgical and specialty carbon, announced that it has expanded production at its Carnegie 2 metallurgical carbon mine in Pike County, Kentucky, by adding a second operating section. It is expected that the production from this section will initially ramp up to approximately 9,000 to 12,000 additional tons per month.

American Resources Corporation's American Carbon Expands Production at Its Carnegie 2 Metallurgical Mine

Live moderated video webcast on Wednesday, March 1st at 2:00 PM ET FISHERS, IN / ACCESSWIRE / February 24, 2023 / 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, today announced that Mark Jensen, Chief Executive Officer of American Resources, will present at the Virtual Investor Company Spotlight Event on March 1, 2023, at 2:00 PM ET. A live video webcast of the presentation will be available on the Events section of the Investors page of the Company's website (www.americanresourcescorp.com).

American Resources Corporation to Present at the Virtual Investor Company Spotlight Event

American Resources Corporation (NASDAQ:AREC), which supplies rare earth, critical elements, and advanced carbon materials to the infrastructure and electrification markets, revealed that it has joined NAATBatt International (NAATBatt), the top battery technology trade association in North America, through its wholly-owned subsidiary ReElement Technologies LLC. In a statement, ReElement CCO Chris Moorman said: "NAATBatt is an excellent organization for ReElement to showcase its technologies and interact with the top players in the battery marketplace.

American Resources sees its ReElement Technologies subsidiary join top battery technology body NAATBatt

FISHERS, IN / ACCESSWIRE / February 15, 2023 / 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, announced today that it has joined NAATBatt International (NAATBatt), the premiere trade association of developers, manufacturers, suppliers and users of battery technology in North America. Chris Moorman, CCO of ReElement Technologies LLC commented, "NAATBatt is an excellent organization for ReElement to showcase its technologies and interact with the top players in the battery marketplace.

American Resources Corporation's ReElement Technologies Joins NAATBatt, the Premiere Trade Association for Advanced Battery Technology

American Resources Corporation (NASDAQ:AREC) said its wholly-owned ReElement Technologies LLC division has added battery industry expert Bob Galyen to its Board of Directors as an independent director. The company said Galyen's appointment will take place when the spin-off of ReElement from American Resources occurs.

American Resources' ReElement Technologies division adds battery expert Bob Galyen to Board of Directors

Bob Galyen brings over 40 years of battery industry experience including the CTO of CATL, the world's largest manufacturer of lithium-ion batteries Since retiring from CATL he has been a leader in seeking out disruptive technologies around the world to streamline the lithium-ion battery and critical minerals industries FISHERS, IN / ACCESSWIRE / February 14, 2023 / 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 its wholly owned ReElement Technologies LLC division ("ReElement") has added battery industry expert Bob Galyen to its Board of Directors ("BOD") as an independent director. Mr. Galyen's appointment to ReElement's BOD will occur upon the spin-off of ReElement from American Resources as previously announced.

American Resources Corporation's ReElement Technology to Add Leading Battery Industry Expert Bob Galyen to Board of Directors

American Resources Corporation (NASDAQ:AREC) said its final convertible debt holder Golden Properties Ltd has elected to convert all of their Senior Convertible Debentures due March 31, 2023, to shares of class A common stock in a move that reduces the company's debt by more than $9 million and eliminates the last of its convertible debt. In a statement, American Resources said that Golden Properties will increase its long-term equity position in the company's common stock through the conversion of the balance of its convertible debt, amounting to approximately $9.9 million, resulting in approximately 9.4 million shares issued to the shareholder.

American Resources reduces debt by over $9M

Company's largest convertible debt holder becomes the largest equity holder with conversion of debt FISHERS, IN / ACCESSWIRE / February 6, 2023 / 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, announces that its final convertible debt holder, Golden Properties Ltd. has elected to convert all of their Senior Convertible Debentures due March 31, 2023 to shares of class A common stock of the Company in a move that reduces the debt of the Company by over $9 million and eliminate the last of the Company's convertible debt.

American Resources Corporation Reduces Debt by Over $9 Million

American Resources Corporation (NASDAQ:AREC) has announced that Kenai Defense Company LLC has secured a contract for the development of its exclusive patents with the Air Force Civil Engineering Center (AFCEC).  The company said the contract will call for Kenai Defense to work with the AFCEC to develop applications for the use of carbon nanostructures as a functional concrete additive.

News for American Resources Corp Stock (AREC)