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American Resources Develops Mobile Rare Earth Leaching Solution
ZACKS· 2025-04-21 12:55
American Resources Corporation (AREC) has announced the development of a cutting-edge leaching solution that is modular, mobile and scalable. This novel solution allows for the extraction of rare earth concentrates from coal waste and other mining waste — materials that are often considered environmental burdens. The company intends to roll out these units across its 30,000-acre controlled property and license them to landowners and mining operators around the world, generating royalty-based revenues. The l ...
American Resources Expands Rare Earth Element Purification Capacity
ZACKS· 2025-03-17 11:00
American Resources Corporation (AREC) , through its stake in ReElement Technologies Corporation, a leader in high-performance refining for rare earth elements, critical defense materials and battery components, has unveiled a groundbreaking preparative scale sequential simulated moving bed (SSMB) production unit. This cutting-edge technology marks a major leap for AREC in the process of refining critical minerals. AREC is at the forefront of the domestic market and committed to deploying the fastest and mos ...
AREC Unit Forms JV for Critical Mineral Processing in the Middle East
ZACKS· 2025-01-15 14:11
Group 1: Joint Venture and Strategic Goals - American Resources Corporation's subsidiary, ReElement Technologies Corporation, has partnered with LVC Global Holdings to launch a joint venture named ReElement Middle East, aimed at enhancing the processing of critical minerals and strategic metals in the region [1] - The joint venture addresses the urgent need for localized and sustainable processing capabilities in Saudi Arabia, aligning with the country's Vision 2030 to establish itself as a global hub for critical mineral resources [2] Group 2: Market Demand and Supply Chain - The global demand for critical minerals is projected to quadruple by 2040, with over 75% of processing currently concentrated in China, creating vulnerabilities in the global supply chain [3] - The strategic alliance with LVC Global Holdings aims to secure a robust and resilient supply chain in the Middle East [3] Group 3: Sustainable Processing Solutions - ReElement Technologies aims to provide sustainable solutions for processing and refining critical minerals to battery, magnet, and semiconductor grades through this partnership [4] Group 4: Stock Performance - AREC stock has experienced a decline of 52.5% over the past year, compared to a 17.5% decline in the industry [5]
American Resources' Subsidiary to Merge With CGrowth Capital
ZACKS· 2025-01-07 15:17
Group 1 - American Resources Corporation's subsidiary, American Infrastructure Corporation, is merging with CGrowth Capital, which will be renamed American Infrastructure Holding Corporation [1][2] - The merger involves a tax-free exchange of shares, with American Infrastructure's common shareholders receiving Series A preferred stock that can convert into common shares after twelve months [2] - This merger is a significant milestone for American Infrastructure, supporting growth initiatives through organic and strategic acquisitions, with a focus on a royalty and leasehold production model strategy [3] Group 2 - American Resources Corporation's stock has declined by 51.3% over the past year, compared to a 19.5% decline in the industry [4] - The company currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [5] - In comparison, other companies in the Basic Materials sector, such as Carpenter Technology Corporation and MAG Silver Corp., have shown strong performance, with significant stock gains over the past year [6][7]
American Resources(AREC) - 2024 Q3 - Quarterly Report
2024-11-19 21:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 000-55456 | --- | |---------| | | | | | Florida | | --- | |-------| | | | | | | | | | | | | | | | | | | | | American Re ...
American Resources(AREC) - 2024 Q3 - Earnings Call Transcript
2024-11-15 04:19
American Resources Corporation (NASDAQ:AREC) Q3 2023 Results Earnings Conference Call November 14, 2024 8:30 AM ET Company Participants Mark LaVerghetta - Vice President of Corporate Finance and Communications Mark Jensen - Chairman and Chief Executive Officer Tom Sauve - President Conference Call Participants Kyle Gallagher - Merrill Lynch Steve Segal - KBB Asset Management Michael Samuels - Berthel Fisher & Company Financial Services Mark Stone - Private Investor Steve Martin - Private Investor Operator G ...
American Resources Corporation (AREC) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2024-11-14 23:40
Core Viewpoint - American Resources Corporation (AREC) reported a quarterly loss of $0.13 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.10, marking an earnings surprise of -30% [1] - The company’s revenues for the quarter ended September 2024 were $0.24 million, exceeding the Zacks Consensus Estimate by 17.50%, but significantly down from $5.83 million a year ago [2] Group 1: Earnings Performance - The company has only surpassed consensus EPS estimates once in the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $2.4 million, and for the current fiscal year, it is -$0.36 on revenues of $2.7 million [7] Group 2: Stock Performance - American Resources shares have declined approximately 17.5% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6] Group 3: Industry Context - The Mining - Miscellaneous industry, to which American Resources belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [5]
American Resources(AREC) - 2024 Q3 - Quarterly Results
2024-11-14 21:12
EX-99.1 2 arec_ex991.htm EARNINGS RELEASE EXHIBIT 99.1 American Resources Corporation Reports Third Quarter 2024 Financial Results and Provides Business Outlook The first domestic, commercial producer of separated and high-purity REEs from ores and recycled permanent magnets and highpurity battery elements from ores, concentrated brines and recycled feedstocks Company's patented chromatographic separation and purification process leading the world in ef icient, environmentally-safe critical mineral refining ...
American Resources(AREC) - 2024 Q2 - Earnings Call Transcript
2024-08-20 00:46
American Resources Corporation (NASDAQ:AREC) Q2 2024 Earnings Conference Call August 19, 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 Jesse Sobelson - EF Hutton Heiko Ihle - H.C. Wainwright Bobby Genovese - BG Capital Group Kyle Gallagher - Merrill Lynch Mark Sloan - Private Investor Keith Goodman - Maxim Group Steven Segal - KBB Asset Management Operator Greeting ...
American Resources Corporation (AREC) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2024-08-19 22:16
American Resources Corporation (AREC) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -80%. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced a loss of $0.03, delivering a surprise of 50%.Over the last four quarters, the company ha ...