American Resources Corp
AREC

$0.62

2.22%

Market Cap: 49.4M

About: 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.

Employees: 26

Energy Bituminous Coal & Lignite Mining

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 3 analysts

0

News positive %

of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

0.3% less ownership

Funds ownership: 9.32% [Q4 2023] → 9.02% (-0.3%) [Q1 2024]

8% less capital invested

Capital invested by funds: $10.9M [Q4 2023] → $9.95M (-$912K) [Q1 2024]

13% less funds holding

Funds holding: 39 [Q4 2023] → 34 (-5) [Q1 2024]

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

60% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 15

80% less call options, than puts

Call options by funds: $90K | Put options by funds: $451K

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Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$4

542%

upside

Avg. target

$4.67

649%

upside

High target

$5

702%

upside

3 analyst ratings

3 positive

100%

0 neutral

0%

0 negative

0%

EF Hutton Jesse Sobelson	542%upside $4	Buy Maintained	17 Jul 2024
EF Hutton Tim Moore	702%upside $5	Buy Initiated	3 Jun 2024
Roth MKM Mike Niehuser	702%upside $5	Buy Maintained	24 May 2024

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Financial journalist opinion

Based on 4 articles about AREC published over the past 30 days

American Resources Corporation's ReElement Technologies Corporation and Jupiter Lithium Limited Sign Joint Development Agreement to Commercialize World Class Nigerian Lithium Deposit

The Jupiter Critical Minerals Project is a Significant Lithium Deposit set to become Nigeria's Flagship Lithium Mine FISHERS, IN / ACCESSWIRE / July 12, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") wholly owned 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 entered into a partnership with UK-based Jupiter Lithium Ltd ("Jupiter Lithium"), owner of Basin Mining Ltd and Range Mining Ltd, to develop Nigeria's first large-scale lithium deposit spanning 442 square kilometers of high-quality, lithium-rich terrain. The Jupiter Critical Minerals Project is poised to become a transformative project for Nigeria, with the potential to establish the country as a regional hub for lithium mining and downstream battery and electric vehicle (EV) manufacturing.

American Resources Corporation's ReElement Technologies Corporation and Jupiter Lithium Limited Sign Joint Development Agreement to Commercialize World Class Nigerian Lithium Deposit

American Resources Corporation (NASDAQ:AREC) Participates in Virtual Investor CEO Connect Segment

Click here to watch the American Resources CEO Connect segment FISHERS, IN / ACCESSWIRE / July 10, 2024 / American Resources Corporation's (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 Mark Jensen, Chief Executive Officer of American Resources Corporation participated in a Virtual Investor CEO Connect segment. As part of this segment, Mr.

American Resources Corporation (NASDAQ:AREC) Participates in Virtual Investor CEO Connect Segment

American Resources Corporation Signs Methane Capture and Carbon Credit Agreement

Agreement will help reduce discharge of methane gas that was created by prior mine operators No capital investment required by the Company will result in improved safety of the mine as American Carbon works towards its restart FISHERS, IN / ACCESSWIRE / July 2, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), an innovative supplier of rare earth and critical elements, carbon and advanced carbon materials to the infrastructure and electrification marketplaces, today announce that its subsidiary, McCoy Elkhorn Coal LLC, has entered into an agreement to allow a third party to capture and process both coal bed methane (CBM) and coal mine methane (CMM) that is present and has been accumulating within the prior, sealed mining works within the Company's Mine #15 underground mine located in Pike County, Kentucky. This agreement is expected to generate revenues for the Company's control of existing surface rights and from certain old mine works from the Mine #15 permit.

American Resources Corporation Signs Methane Capture and Carbon Credit Agreement

American Resources Corporation's American Metals LLC Executes Business Combination Agreement with Nasdaq-Listed AI Transportation Acquisition Corp

~ The proposed transaction represents a total equity value of USD 170 million for the combined company on a pro forma basis ~ ~ American Metals LLC, a cutting-edge recycler of metals for the electrified economy, operates within the U.S. coal country, surrounded by an abundance of copper, aluminum and metal reserves from former thermal coal mines ~ ~ Leveraging its successful track record, American Metals LLC seeks to expand its preprocessing of both end-of-life magnets, lithium-ion batteries and ferrous metals to ensure a domestic supply chain for copper, aluminum, steel, plastic as well as rare earth and battery elements ~ NEW YORK, NY / FISHERS, IN / ACCESSWIRE / July 1, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources") wholly-owned subsidiary, American Metals LLC ("American Metals"), and AI Transportation Acquisition Corp (Nasdaq: AITR), a publicly-listed special purpose acquisition company ("AITR"), today announced that American Metals and AITR have executed a definitive business combination agreement (the "Business Combination Agreement") for a proposed business combination (the "Business Combination") in a transaction valued at $170,000,000. Pursuant to the Business Combination Agreement, each of AITR and American Metals will become wholly-owned subsidiaries of a newly formed Delaware corporation, Electrified Materials Corporation ("Pubco"), which will serve as the parent company of AITR and American Metals following the consummation of the Business Combination.

American Resources Corporation's American Metals LLC Executes Business Combination Agreement with Nasdaq-Listed AI Transportation Acquisition Corp

American Resources Corporation Responds to Market Volatility

FISHERS, IN / ACCESSWIRE / June 14, 2024 / American Resources Corporation's (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, responds to recent market volatility in its stock price and false information posted in certain online chat rooms stating American Resources Corporation is issuing 20 million shares at 48 cents per share. Mark Jensen, Chief Executive Officer of American Resources states, "We find it highly disturbing and damaging to our shareholders that individuals or hedge funds with ulterior motives will put out false information to drive our stock price down at the expense of our shareholders.

American Resources Corporation Responds to Market Volatility

American Resources Corporation Adjusts the Distribution Date for the Special Dividend of its Subsidiary American Carbon Corporation

FISHERS, IN / ACCESSWIRE / June 10, 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, announced today that, due to the Company's decision to list its wholly owned subsidiary, American Carbon Corporation, on a national exchange prior to its distribution, the Distribution Date for the previously announced special dividend has been adjusted to now occur on August 9, 2024. The special dividend of American Carbon Corporation will still be distributed to shareholders of record of American Resources as of May 27, 2024.

American Resources Corporation Adjusts the Distribution Date for the Special Dividend of its Subsidiary American Carbon Corporation

American Resources Corporation (AREC) Q1 2024 Earnings Call Transcript

American Resources Corporation (NASDAQ:AREC ) Q1 2024 Earnings Conference Call May 21, 2024 4:30 PM ET Company Participants Mark LaVerghetta - Vice President of Corporate Finance and Communications Mark Jensen - Chairman and Chief Executive Officer Conference Call Participants Heiko Ihle - H.C. Wainwright Mike Niehuser - ROTH Capital Partners Keith Goodman - Maxim Group Michael Lary - TGI Operator Greetings and welcome to the American Resources Corporation First Quarter 2024 Conference Call.

American Resources Corporation (AREC) Q1 2024 Earnings Call Transcript

Zacks Investment Research

American Resources Corporation (AREC) Reports Q1 Loss, Misses Revenue Estimates

American Resources Corporation (AREC) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.04 per share a year ago.

American Resources Corporation (AREC) Reports Q1 Loss, Misses Revenue Estimates

American Resources Corporation to Report First Quarter 2024 Financial Results on May 21, 2024

Company to host conference call on Tuesday, May 21st at 4:30 PM ET FISHERS, IN / ACCESSWIRE / May 17, 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 it will report its first quarter 2024 financial results on Tuesday, May 21, 2024. 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 2024 Financial Results on May 21, 2024

American Resources Corporation's ReElement Technologies Corporation Has Been Approved and Accepted as Member in Defense Industrial Base Consortium

The Defense Industrial Base Consortium aims to diversify and expand a robust and resilient defense industrial base to meet national security needs FISHERS, IN / ACCESSWIRE / May 17, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") wholly owned subsidiary, ReElement Technologies Corporation ("ReElement"), a leading provider of high performance refining capacity of rare earth and critical battery elements, announces that it has been accepted as a member of the Defense Industrial Base Consortium ("DIBC"), a members-only industry collective of companies with innovative and dynamic technologies that can serve as a conduit to the United States Federal Government for the enhancement of commercialization of technologies that, for this specific consortium, will address defense supply chain issues, develop the industrial workforce, sustain the ability to critical mineral and metals production, commercialize research and development efforts, and assist in rapidly scaling of emerging technologies to build a robust, resilient defense industrial base. With this membership in the consortium, ReElement Technologies will join a few key companies and technologies and will showcase to the federal government the ability to onshore the production of refined defense minerals, such as rare earth elements, critical minerals, and other esoteric metals that ReElement Technologies' patented chromatography process uniquely achieves.

American Resources Corporation's ReElement Technologies Corporation Has Been Approved and Accepted as Member in Defense Industrial Base Consortium

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