American Resources Corporation Unlocking the Largest Rare Earth Element Mine in the U.S. Through Coal Waste Resources; Closes $33 Million PIPE Financing to Accelerate Development

Core Insights - American Resources Corporation has secured $33 million in financing to enhance its position in the extraction of critical and rare earth elements from coal waste [1] - The financing is part of a strategy to commercialize the recovery of rare earth elements, effectively positioning the company to operate the largest rare earth mine in the United States [1] - The investment was executed through a common stock-only PIPE transaction, priced at $3.55 per share, aimed at developing regional coal waste processing hubs [1] Company Developments - The $33 million financing will accelerate the company's initiatives in extracting critical minerals and rare earth elements [1] - The focus on sustainable sources for extraction aligns with industry trends towards environmentally responsible mining practices [1] - The company aims to unlock vast reserves of critical and rare earth elements, which are essential for various high-tech applications [1]