American Resources Corporation Announces Pricing of $40.0 Million Private Placement of Common Stock

Core Viewpoint - American Resources Corporation has entered into a securities purchase agreement for the sale of 7,843,138 shares of class A common stock at an offering price of $5.10 per share, aiming to raise approximately $40.0 million in gross proceeds before expenses [1]. Company Summary - The company is a leader in the critical mineral supply chain [1]. - The private placement involves institutional investors and includes the option for pre-funded warrants [1]. - The estimated gross proceeds from the offering are approximately $40.0 million, which will be used for corporate purposes [1].