EX-96.1 2 arec_ex991.htm EARNINGS RELEASE EXHIBIT 99.1 RESOURCES CORPORATIO American Resources Corporation Reports Full Year 2023 Financial Results and Provides Business Outlook Company successfully executed and closed $150 million tax exempt bond of ering for the Company's Kentucky Lithium refining facility The first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets and high-purity battery elements from both ores and recycled feedstocks Company's patented chrom ...

American Resources Corporation's (AREC) subsidiary, ReElement Technologies Corporation, and EDP Renewables North America (“EDPR NA”) have collaborated to pioneer sustainable practices in the renewable energy sector. This collaboration aims to revolutionize the wind energy landscape through the innovative Close the Loop Program, launched by EDPR NA. By focusing on the efficient recycling of neodymium-based permanent magnets from decommissioned wind turbines, the partnership seeks to establish a circular supp ...

American Resources Corporation’s (AREC) subsidiary, American Carbon Corporation, has acquired a 51% ownership stake 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 and 106,462,500 tons of ore body, based on an average of 50% magnetic material.American Carbon is an owner and operator of low-cost, high-quality metallurgical and specialty carbon assets.The company noted that it has been working for more than ...

Financial Data and Key Metrics Changes - In Q3 2023, the company generated approximately $3.5 million in net income, showcasing operational flexibility and positive cash flow [11] - As of the end of Q3 2023, the company had approximately $44.7 million in cash on hand and over 78.2 million Class A common shares outstanding [11] Business Line Data and Key Metrics Changes - The ReElement Technologies division is being positioned as a standalone public company, with a focus on refining critical minerals and rare earth elements [7][13] - The company has made significant progress in its lithium refining initiatives, including a bond offering approval of up to $150 million for a dedicated lithium refining facility in Kentucky [8] Market Data and Key Metrics Changes - The company is actively engaging in strategic relationships with domestic and worldwide partners to enhance its market position in critical minerals [8][39] - The global met carbon market has stabilized, allowing the company to monetize some carbon assets and inventories [29] Company Strategy and Development Direction - The company aims to unbundle its unique platform of assets to unlock shareholder value and position each entity as a standalone company [6][18] - The strategic spinoff of ReElement Technologies is seen as a value creation exercise, with the company focusing on maximizing shareholder value through asset separation [18][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning within the electrified economy and the ability to capitalize on high-demand raw materials [20][21] - The company is focused on expanding its footprint in the critical minerals space, with ongoing negotiations for acquiring interests in lithium mines [52][42] Other Important Information - The company has received unsolicited bids for its carbon assets, indicating strong interest in its operations [23] - A $20 million factoring facility has been secured for American Carbon to support its business growth [28] Q&A Session Summary Question: What is the timeline for the decision on the sale or spinoff of American Carbon? - Management clarified that filing the Form 10 does not force a decision and they are pursuing both sale and spinoff options simultaneously [46][47] Question: Can you break down the $45 million in local incentives? - The incentives are structured as a bond that can be monetized as the property is built out, providing non-dilutive capital [48][49] Question: What happens if American Carbon is sold or spun off? - Regardless of the outcome, American Resources will still own American Metals and shares in Royalty Management Corporation, and plans to spin off ReElement Technologies remain unchanged [51][52] Question: Will the company pay for ownership of mines in Africa? - Management indicated that they may invest in these mines, leveraging partnerships to gain equity ownership while ensuring ethical and safe operations [72][73]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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, 2023 or ☐ 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 American Resources Corporation (Exact name of registrant as specified in its charter) | --- | --- | |-------- ...

American Resources Corporation (NASDAQ:AREC) Q2 2023 Earnings Conference Call August 14, 2023 4:30 PM ET Company Participants Mark LaVerghetta - Head of Corporate Finance and Communications Kirk Taylor - Chief Financial Officer Conference Call Participants Mike Niehuser - ROTH Capital Michael Samuels - Berthel Fisher & Co. Steve Segal - KBB Asset Management Operator Good day, everyone, and welcome to today’s American Resources Corporation Second Quarter 2023 Conference Call. At this time, all participants a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2023 Or ☐ 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 American Resources Corporation (Exact name of registrant as specified in its charter) | --- | --- | |------------- ...

Financial Data and Key Metrics Changes - The company reported a strong balance sheet as of March 31, 2023, with a traditional debt balance of approximately $839,000 and cash on hand of about $2.4 million [9][10] - The conversion of a $9.8 million convertible note into 9.4 million common shares eliminated future liabilities under the existing convertible note [9] - The company has a current share count of over 78.2 million Class A common shares [9] Business Line Data and Key Metrics Changes - The American Carbon division is focusing on monetizing carbon assets through various operational strategies, including joint ventures and asset sales [22][23] - The ReElement Technologies division is positioned as a leading refining technology platform for critical minerals, emphasizing its role in the recycling value chain [12][14] - The American Metals division is generating cash flows by scrapping ferrous metals and is positioned to leverage ReElement's refining capacity [42][43] Market Data and Key Metrics Changes - The carbon markets remain strong, with shifts in geographic demand impacting operations, particularly with the reopening of relations in China and Australia [22] - The company is strategically positioned to capitalize on the growing demand for critical minerals in the electrified economy [12][14] Company Strategy and Development Direction - The company is focused on expanding its Wyoming County coal mining complex, which is expected to drive incremental growth through technological improvements and new construction [5][28] - The planned spin-off of ReElement Technologies aims to unlock value and position the company favorably within the critical minerals market [6][38] - The company is exploring international opportunities, particularly in Africa, for lithium refining and other critical minerals [36][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning to capitalize on market opportunities and the potential for significant value creation post-spin-off [21][44] - The company is focused on maintaining liquidity and does not foresee the need to issue equity to raise cash [44][58] Other Important Information - The company has filed an amended Form 10 registration statement for the ReElement spin-off, which is currently under SEC review [7] - The company is also working on a $45 million tax-exempt bond allocation to fund its Wyoming County complex [5][28] Q&A Session Summary Question: How can the company achieve a clean tech multiple across the board? - Management believes that the ReElement spin-off will drive significant value and that the Wyoming County complex will not only produce metallurgical carbon but also rare earth elements [48] Question: Can you provide a quarter-by-quarter expectation for free cash flow from McCoy Elkhorn? - Management highlighted that McCoy and Wyoming are low-cost, high-quality operations positioned to generate substantial cash flow, with ongoing efforts to monetize the Deane complex [52][53] Question: Can you comment on the cash projections for Q2 and beyond? - Management clarified that the cash balance fluctuations are due to timing and that there are plans to monetize equipment to bolster cash reserves [56][58] Question: What will happen to American Metals post-ReElement spin-off? - Management indicated that American Metals is currently under the American Resources umbrella but may be evaluated for a potential spin-off in the future [60][61]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Florida 46-3914127 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated Filer ☐ Smaller Reporting Company ☒ Emerging growth company ☐ Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common AREC NASDAQ Capital Market Warrant ARECW NASDAQ Capital Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT T ...

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 ...