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American Resources Corporation

American Resources Corporation (AREC)

1.35
-0.04
(-2.88%)
Closed April 21 4:00PM
1.35
0.00
(0.00%)
After Hours: 4:30PM

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Key stats and details

Current Price
1.35
Bid
1.33
Ask
1.41
Volume
243,157
1.345 Day's Range 1.41
1.04 52 Week Range 2.16
Market Cap
Previous Close
1.39
Open
1.36
Last Trade
30
@
1.39
Last Trade Time
Financial Volume
$ 337,704
VWAP
1.3888
Average Volume (3m)
196,058
Shares Outstanding
78,268,338
Dividend Yield
-
PE Ratio
-72.97
Earnings Per Share (EPS)
-0.02
Revenue
39.47M
Net Profit
-1.45M

About American Resources Corporation

American Resources Corp is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The firm is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare... American Resources Corp is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The firm is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. The firm has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated. Its business model provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets. Show more

Sector
Silver Ores
Industry
Silver Ores
Headquarters
Seminole, Florida, USA
Founded
1970
American Resources Corporation is listed in the Silver Ores sector of the NASDAQ with ticker AREC. The last closing price for American Resources was $1.39. Over the last year, American Resources shares have traded in a share price range of $ 1.04 to $ 2.16.

American Resources currently has 78,268,338 shares outstanding. The market capitalization of American Resources is $105.66 million. American Resources has a price to earnings ratio (PE ratio) of -72.97.

AREC Latest News

ARECOR AND TRx BIOSCIENCES ESTABLISH RESEARCH COLLABORATION TO DEVELOP ORAL GLP-1 WITH ENHANCED BIOAVAILABILITY

Arecor Therapeutics plc(“Arecor” or the “Company”) ARECOR AND TRx BIOSCIENCES ESTABLISH RESEARCH COLLABORATION TO DEVELOP ORAL GLP-1 WITH ENHANCED BIOAVAILABILITY Companies to combine...

First Product Incorporating Arecor’s Arestat Technology, At220, Launched in Europe

Arecor Therapeutics plc(“Arecor” or the “Group”) FIRST PRODUCT INCORPORATING ARECOR’S ARESTAT TECHNOLOGY, AT220, LAUNCHED IN EUROPE First commercial sale triggers milestone payment and future...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.05-3.571428571431.41.421.341032541.37841677CS
4-0.16-10.59602649011.511.631.312007541.38284021CS
12-0.12-8.163265306121.471.781.261960581.45593905CS
26-0.23-14.55696202531.581.861.212154151.49622359CS
520.086.299212598431.272.161.042156031.55117078CS
156-1.88-58.20433436533.234.221.047835452.22262889CS
260-2.55-65.38461538463.98.020.3211011563.04952977CS

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AREC Discussion

View Posts
stockcatman stockcatman 4 weeks ago
They name companies all over Africa but a domestic auto company is somehow top secret. It sounds like they have contracted to receive old EV motors and maybe batteries. They could have contracted for 10 a year for all we know. The market is betting the value of the contract is insignificant.
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murocman murocman 4 weeks ago
Lots of talk and great PR’s but very little in the way of actual revenue and results.

Like you say, until they an actually put up some solid results and earn some trust in being able to execute it will be more of the same.

Murocman
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stockcatman stockcatman 4 weeks ago
ReElement Technologies partners with domestic Auto manufacturer and crickets. Nobody trusts this management team.
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Dubster watching Dubster watching 2 months ago
Profits!
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Dubster watching Dubster watching 2 months ago
$$ never disappoints!
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stockcatman stockcatman 2 months ago
Always disappoints.
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Dubster watching Dubster watching 2 months ago
Never disappoints
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Dubster watching Dubster watching 3 months ago
$1.27 filled! Keep on coming down.
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Dubster watching Dubster watching 3 months ago
I have seen developments in the last couple of years, some were underreported. (Uncommon that you dont see a company out misleading shareholders).

Ownership of powerful resources is important in these times.
GL
Blessings
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murocman murocman 3 months ago
The question is, can AREC?

So far lots of talk but no production and no revenue.

Murocman
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Dubster watching Dubster watching 3 months ago
$1.31 is a sweet spot in my opinion.
How many companies in the US are left that can produce these important resources?
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Dubster watching Dubster watching 3 months ago
Nice way to behave!
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Dubster watching Dubster watching 3 months ago
Loaded up today.
Thankful
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Dubster watching Dubster watching 5 months ago
$$
Never has disappointed
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stockcatman stockcatman 5 months ago
Loss of .14 cents per share forecasted for 3rd qtr. That will not go over well.
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KingOfSwing...Trading KingOfSwing...Trading 7 months ago
Yup. Wash. Rinse. Repeat.
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Dubster watching Dubster watching 7 months ago
Well done!
You know I always come back for more.
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KingOfSwing...Trading KingOfSwing...Trading 7 months ago
I’ll take that double digit gain and wait in line for another ride. Thanks!
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Dubster watching Dubster watching 7 months ago
Almost gone again.
AREC never disappoints
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Dubster watching Dubster watching 7 months ago
Nice pop! Easy $
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stockcatman stockcatman 8 months ago
Less than $2 million in sales for Q2! Is that a typo?
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stockcatman stockcatman 8 months ago
Upcoming 2nd qtr results must be terrible. Those in the know are dumping.
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Monksdream Monksdream 9 months ago
American Resources Corp NASDAQ: AREC

GoSymbol lookup
Energy : Oil, Gas & Consumable Fuels | Small Cap GrowthCompany profile
American Resources Corporation is a supplier of high raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. It has a portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia. Its subsidiaries include American Carbon Corp. American Carbon Corp has seven coal mining and processing operating subsidiaries: McCoy Elkhorn Coal LLC, Knott County Coal LLC, Deane Mining, LLC (Deane Mining), Wyoming County Coal LLC (Wyoming County), Quest Processing LLC (Quest Processing), Perry County Resources, located in eastern Kentucky and western West Virginia within the Central Appalachian coal basin, and ERC Mining Indiana Corporation (ERC) located in southwest Indiana within the Illinois coal basin.
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stockcatman stockcatman 11 months ago
Based on today’s close I expect the 1st qtr results to be a real clunker. They’ll miss revenue expectations and have a greater loss than expected. With this company it’s always better to take the under.
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KingOfSwing...Trading KingOfSwing...Trading 11 months ago
Absolutely getting back in for another trip to the ATM!!!!
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Dubster watching Dubster watching 11 months ago
How you holding up Randy?
I pray all is well with you and your.

Thoughts on the recent filings?
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Dubster watching Dubster watching 11 months ago
Looking tasty, thoughts?
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KingOfSwing...Trading KingOfSwing...Trading 12 months ago
I also took another trip to the ATM. See you at the next dip.
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Dubster watching Dubster watching 12 months ago
$$ sold
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KingOfSwing...Trading KingOfSwing...Trading 12 months ago
I am also loading up at the current price level.
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stockcatman stockcatman 1 year ago
While Jensen is vacationing in Africa, this was posted yesterday.

A quarter of all cobalt used in Apple products came from recycled material in 2022, up from 13% a year earlier, Apple said.

How much of that recycled cobalt came from AREC? Zero.

$1.30 could be the high for the rest of the year.
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Dubster watching Dubster watching 1 year ago
Let someone have a bit.
I’m keeping some green!
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Dubster watching Dubster watching 1 year ago
Very good loading day.
I never thought I’d see these low prices.
Watch!
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Dubster watching Dubster watching 1 year ago
Loading! $1.30 for this just feels good.
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Dubster watching Dubster watching 1 year ago
Guess who is back with a great position!?!?!
Yehaww
This Always pays!
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KingOfSwing...Trading KingOfSwing...Trading 1 year ago
Time for another trip to the ATM. See you at the next dip.
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maddog27 maddog27 1 year ago
Looking bullish this morning. Regular hours will tell story. Might get that weekly bullish candle.
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RandyKCMO RandyKCMO 1 year ago
Highlights?

“For the fourth quarter of 2022, American Resources reported net income of $9.5 million, or $0.14 per share, as compared with a net income loss of $10.4 million, or a loss of $0.17 per share, in the prior year period. The Company earned adjusted EBITDA of $11.4 million in the fourth quarter of 2022, as compared with an adjusted EBITDA loss of $6.8 million for the fourth quarter of 2021.”

400% increase in revenue composed to last 4th Q.
👍️ 1
RandyKCMO RandyKCMO 1 year ago
Fourth Quarter Release: American Resources Corporation Reports Fourth Quarter and Record Full Year 2022 Financial Results and Provides Business Outlook

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. The Company will host a conference call and webcast, today, March 30, 2023, at 4:30 PM ET (details below).

Mark Jensen, Chairman and CEO of American Resources Corporation commented, "Throughout 2022 we further established our pillars of growth and have uniquely positioned our businesses to capitalize on defined growth opportunities across the markets we serve. We believe the past year, where we realized record revenues, marks an exciting inflection point in our transformational evolution as a Company. Our American Carbon division is uniquely positioned to provide incremental metallurgical carbon to a supply constrained global steel market, with a relatively much lower capital cost, given the assets we own and the restructuring we have already completed. ReElement Technologies has become the most exciting entity we have ever been a part of as it establishes itself as a world-leading critical mineral refining technology. The critical and rare earth elements we refine are imperative to operate our modern-day technology including electric vehicles, clean energy and defense applications. ReElement's patented chromatographic separation and purification technology addresses the biggest bottleneck within our domestic and global supply chain. We believe our proven ability to sustainability produce ultra-pure critical mineral products in a smaller, cleaner and lower cost footprint while having the ability to be highly flexible to the feedstocks we refine is revolutionary not only for the U.S., but for the entire planet. Lastly, our American Metals division is a platform which has ample opportunity to leverage ReElement's refining capabilities by diversifying into other metals and feedstocks to process, including battery material processing and recycling. In retrospect, we have achieved some very material milestones over the past two years since announcing our ReElement division, and we continue to focus on timely execution to solidify our strategic positioning within the value chain."

2022 Key Division Highlights

ReElement Technologies

Achieved groundbreaking success as the first in the United States to produce greater than 99.5% pure rare earth elements [dysprosium (Dy), neodymium (Nd) and praseodymium (Pr)] and 99.9% pure lithium at commercial scale, in isolated forms and from sustainable sources including end-of-life permanent magnets and lithium-based batteries.

Continued to buildout a best-in-class team to drive operations expertise and strategic vision including Director of R&D Dr. Yi Ding, COO, Jeff Peterson, CCO, Chris Moorman, Technical Advisor and Director of Engineering, Bill Smith and Director, Bob Galyen.

Established the first domestic, critical mineral, advanced refining facility in Noblesville, Indiana focused on sustainability and circular supply chain, and has paved the way with site selection, design, engineering and initial development of its large scale, high capacity refining facility.

Established partnerships with two of the leading domestic rare earth magnet platforms: 1) USA Rare Earth Magnets, LLC to develop the nation's first fully domestic and circular supply chain for rare earth magnet manufacturing, and 2) Advanced Magnetics Lab, Inc. (AML) to provide high-purity raw material for their domestic magnet production and made an investment to further advance AML's technology and commercialization.

American Carbon

Positioned its McCoy Elkhorn complex as initial driver of carbon production growth given feedstock of high-quality metallurgical carbon deposits and processing capacity with the following initiatives:

Commenced production at its greenfield Carnegie 2 metallurgical carbon mine to supplement its existing Carnegie 1 mine.

Secured approval for advanced mining plans to increase production at its Carnegie mines including a deep cut mine plan at its Carnegie 1 mine, a continuous haulage bridge section at its Carnegie 1 mine, and a second mining section at its Carnegie 2 mine.

Commissioned one of its two processing facilities at McCoy Elkhorn for internal carbon processing, third-party processing and carbon loading.

Positioned Wyoming County Coal as its next driver of growth with the federal commitment in the form of $4.9 million in New Market tax Credits to go alongside the preliminary approval for a $45 million volume cap allocation from the state if West Virginia for private activity, Solid Waste Disposal Facility Revenue Bonds. These two non-dilutive capital sources will support the development of two underground deep mines to produce premium, mid-vol metallurgical carbon, upgrade to the existing processing facility and development of its patented electrolysis technology to process associated waste streams into critical mineral concentrates.

Corporate

Elevated its shareholder-focused and value-creative culture by establishing a special committee to evaluate strategic opportunities that can unlock the value of the Company. Accordingly, the special committee instituted the following initiatives:

Implemented a stock repurchase program for up to a $10 million.

Repurchased a 7.5% interest of ReElement Technologies, making it a wholly owned subsidiary of American Resources.

Filed a Form10 registration statement with the U.S. Securities and Exchange Commission ("SEC") for the planned spin-off of its ReElement Technologies division into a standalone public company.

Strengthened its balance sheet and financial flexibility through the conversion of the Company's last convertible debt, whereby Golden Properties Ltd. 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.

"Looking forward to the remainder of 2023, our belief in and excitement over the opportunities we have in front of us continues to reach an all-time high. We have positioned our McCoy Elkhorn complex as American Carbon's primary growth asset as we continue to expand production at our set of Carnegie mines, as we restart our onsite processing capacity and have redeployed certain assets from Perry County to support additional growth. Beyond Carnegie 1 and 2, we are planning and developing two, fully-permitted mines to supply our McCoy Elkhorn complex with additional low-cost, high quality metallurgical carbon for the global steel industry. Over the past several months, we have stockpiled approximately $6 million of met carbon production at McCoy Elkhorn as we prepared our processing plant to fully come online. Additionally, we are confident that our significant processing capabilities at McCoy Elkhorn will provide us ample third-part processing and loading opportunities with minimal additional capital expenditures," continued Mr. Jensen.

"The opportunity for ReElement Technologies continues to manifest at a very rapid pace and continues to be bolstered by our tremendous team and partnerships. Now that we have showcased commercial success for refining both rare earth and critical battery elements, we are confident that our refining technology will be recognized as the most efficient and viable standard as the foundation and infrastructure of this energy transition is stood up. As this transition continues to take hold, it is worth noting that our critical mineral needs are expected to exponentially increase, and high purity products will be imperative for manufacturing. As such, we believe our value-added services and collaborative approach will be continue to bolster our upstream and downstream partnerships and unlock the value of ReElement as we position it as a standalone public company."

Expected Near-Term Catalysts

Continued increase in carbon production to meet growing market demand.

Closing of $45 million West Virginia tax-exempt industrial development bonds for Company's Wyoming County advanced carbon and rare earth processing facility.

Additional ReElement Technologies upstream and downstream partnerships to bolster feedstocks of end-of-life products and ores for critical and REEs and offtake customers of sustainable and domestic sources of high-purity battery and magnet metals.

Showcase commercial efficacy of using patented chromatography process to produce ultra-pure lithium hydroxide or carbonate from spodumene ore.

Continue to scale critical mineral refining capacity with the procurement of large-scale facility and co-located facilities through partnerships.

Conference Call Information

American Resources management will host a conference call for investors, analysts and other interested parties today, Thursday, March 30, 2023 at 4:30 PM ET.

Interested participants and investors may access the conference call by dialing (877) 407-4019 and referencing American Resources Corporation's Fourth Quarter and Full Year 2022 Conference Call, or by the webcast link: here.

Financial Results for Fourth Quarter and Year-End December 31, 2022

For the full year of 2022, American Resources reported a net income loss of $1.45 million or a loss of $0.02 per share for the twelve months ended December 31, 2021, as compared with a net income loss $32.4 million or loss of $0.59 per share for the full year of 2021. The Company earned adjusted earnings before interest, taxes, depreciation, amortization, accretion on asset retirement obligations, non-operating expenses and non-cash impairment (‘adjusted EBITDA") of $6.5 million for the year ended December 31, 2022, as compared with an adjusted EBITDA loss of $22.8 million in 2021.

For the fourth quarter of 2022, American Resources reported net income of $9.5 million, or $0.14 per share, as compared with a net income loss of $10.4 million, or a loss of $0.17 per share, in the prior year period. The Company earned adjusted EBITDA of $11.4 million in the fourth quarter of 2022, as compared with an adjusted EBITDA loss of $6.8 million for the fourth quarter of 2021.

Fourth Quarter 2022 Summary

Total revenues were $4.68 million for the fourth quarter of 2022 compared to revenues of $4.54 million during the fourth quarter of 2021. General and administrative expenses for the fourth quarter of 2022 were $1.1 million compared to $1.3 million in the prior year period. American Resources incurred interest expense of $457,136 during the fourth quarter of 2022 compared to $1.9 million during the fourth quarter of 2021. Development costs during the quarter were $6.18 million, compared to $3.69 million in the third quarter of 2022.

Full Year 2022 Summary

Full year 2022 revenues were $39.5 million compared to full year 2021 revenues of $7.76 million. The Company realized record revenue in 2022, and a greater than 400% increase over 2021 annual revenue, as it grew production at its McCoy Elkhorn complex while being offset by the idling of its Perry County Resources complex due to labor disruptions resulting from the catastrophic floods that hit eastern Kentucky in August 2022. The Company has redeployed certain assets, including labor, from its Perry County Resources complex to its McCoy Elkhorn complex to support its continued organic growth. The Company is currently realizing a higher and more consistent production schedule at its McCoy Elkhorn complex, including a second operating section at its Carnegie 2 mine, and has stockpiled approximately $6 million of metallurgical carbon over the past several months as it commissions its onsite processing facility to fully operate. Development costs during 2022 were $28.1 million compared to $18.1 million during 2021 and better positions the Company within the markets in which it serves and to meet growing demand while realizing a healthy pricing environment.

The Company did not incur any income tax expense in 2022 as it was able to utilize its available net operating losses ("NOL") carried forward from prior periods of approximately $23.8 million as of December 31, 2022.

AMERICAN RESOURCES CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS


See LINK BELOW!!
...........




Investor Contact:

JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com

RedChip Companies Inc.
Todd McKnight
1-800-RED-CHIP (733-2447)
Info@redchip.com

Company Contact:

Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com

SOURCE: American Resources Corporation



View source version on accesswire.com:
https://www.accesswire.com/746767/American-Resources-Corporation-Reports-Fourth-Quarter-and-Record-Full-Year-2022-Financial-Results-and-Provides-Business-Outlook
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stockcatman stockcatman 1 year ago
Didn’t listen but down after hours must mean same old same old. Maybe next year.
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maddog27 maddog27 1 year ago
Earnings today. Be nice to see a catalyst. No volume to move this right now
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maddog27 maddog27 1 year ago
Not sure who those folks are. I have no position anymore. Waiting for a weekly bullish candle. $1.19 closing basis needs to hold or sub $1 is possible.
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AXNMAN AXNMAN 1 year ago
Perhaps like Leonight and other lenders who have converted. Perhaps they will run. The stock bring liquidity to the stock.
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maddog27 maddog27 1 year ago
New diluter converted debt to shares at about a $1 average. If they want out this won't hold up. Volume is dismal
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Dubster watching Dubster watching 1 year ago
$$
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Renee Renee 1 year ago
SEC Charges Eight Social Media Influencers in $100 Million Stock Manipulation Scheme Promoted On Discord and Twitter. AREC was a target.

https://www.sec.gov/litigation/litreleases/2022/lr25591.htm

Complaint: AREC on page 17

https://www.sec.gov/litigation/complaints/2022/comp-pr2022-221.pdf
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RandyKCMO RandyKCMO 1 year ago
FWIW.... H.C. Wainwright Reaffirms Their Buy Rating on American Resources (AREC)

October 26 2022 - 05:25PM

In a report released yesterday, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on American Resources (AREC - Research Report), with a price target of $4.50. The company's shares closed today at $2.36.According to TipRanks, Ihle is an analyst with an average return of -19.9% and a 23.37% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Uranium Energy, Gold Resource, and Golden Minerals Co.American Resources has an analyst consensus of Moderate Buy, with a price target consensus of $4.50.

https://www.tipranks.com/news/blurbs/h-c-wainwright-reaffirms-their-buy-rating-on-american-resources-arec?utm_source=advfn.com&utm_medium=referral
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RandyKCMO RandyKCMO 2 years ago
Zonks…. More News…. American Resources Corporation to Build 200,000 Square Foot Combined Commercial Scale Lithium Ion Battery and Rare Earth Magnets Recycling Facility

New Facility Will Expand To Process 90,000 Tons of Critical Battery Materials (Black Mass) and 5,000 Tons of Rare Earth Magnets Annually by 2025

Site Selection Has Been Narrowed to Controlled Property in Either Indiana or West Virginia With Design and Engineer Already Commenced

FISHERS, IN / ACCESSWIRE / September 16, 2022 / 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 majority owned subsidiary, ReElement Technologies LLC, has commenced engineering, planning and development for its second lithium-ion battery and rare earth magnet recycling and metal recovery facility utilizing its patented chromatography technology to produce 99.9%+ pure critical battery material and 99.5%+ rare earth elements.

Mark Jensen, Chief Executive Officer of American Resources Corporation commented, "The opportunity to continue the growth of our ReElement division is real and present given the demand for domestically produced battery and magnet grade materials. With the recent passing of the Inflation Reduction Act and the rapid adoption of electric vehicles the demand for such products is seeing rapid grow, and the versatility of our technology enables us to move quickly and cost effectively to provide a real solution. Beyond this facility, we are in numerous discussions on potential joint venture opportunities for customized, co-located facilities in both the United States and Europe. Given the minimal environmental and land footprint required of our process, we can efficiently expand our operations as the supply of end-of-life materials expands versus overbuilding and running inefficiently in the early years, but also expand rapidly in the out years as the market and feedstocks expand. Additionally, given our corporate structure, we have the ability to finance this project through non-dilutive sources at the ReElement level."

The Company has narrowed the site selection for this 200,000 square foot facility to one of two controlled properties. The first being Noblesville, Indiana which is approximately 40 acres of industrial-zoned land located less than 5 miles from its first commercial purification facility. The second location being considered is at a controlled property in West Virginia nearby the Company's existing site for premium mid vol carbon processing and electrolysis technology which will be deployed as part of the Company's previously announced tax-exempt bond issuance.

The facility will be initially constructed and expanded as the market for end-of-life magnets and battery material feedstock expands by adding additional magnet and battery purification capacity through its modular design. The annual capacity by 2025 is projected to exceed 95,000 tons of battery black mass or battery waste material (35,000 tons of high purity isolated battery elements) and 6,000 tons of rare earth magnet (2,000 tons of high purity isolated rare earth elements) processing capabilities.

ReElement Technologies sources end of life magnets and batteries that are further processed into an aqueous-based solution to be separated and purified back to magnet and battery grade materials so that they can be reused in the manufacturing of new batteries, magnets or other technologies. The Company's chromatography technology replaces the need for hydrometallurgical / solvent extraction in the separation and purification step in the metal recovery / recycling process. Furthermore, its patented process and technology is unique in that it can purify targeted materials to greater than 99.5% on an isolated or mixed basis, and enables the Company to have flexibility and versatility in what products and form we provide our customers.
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maddog27 maddog27 2 years ago
$6 gap needs filling...that be a start. Right place...right time. You know how things trade by now.
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Jimmy Swaggert Jimmy Swaggert 2 years ago
Correct me if I’m wrong, but I’m thinking this is undervalued still.
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