Published: August 1, 2022 |

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American Resources Corporation announced that, at the request of an independent board member and shareholder, it has created a special committee to evaluate strategic opportunities that can unlock the value of the company for its shareholders.

The extractor and processor of metallurgical carbon said the value-creating strategies may include the spin offs of certain divisions, stock repurchase programs, and going private or sale of certain divisions.

“The demand for our products remains exceptionally strong and both American Carbon and reELEMENT Technologies find themselves at important inflection points,” American Resources Corp CEO Mark Jensen said in a statement.

“The team and special committee are dedicated to evaluating and pursuing options to see what will create the most value for all of our shareholders and which are in the best interest of the company,” Jensen added.

American Resources noted it continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality.

American Resources is focused on productive mine plans and operations that are built to be low cost and range from 20 to 40-plus years of mine life. After initial development production and based on current index pricing, Carnegie 2 is expected to add around $25 to $35 million in additional annual revenue to the company with attractive margins, it said.

The company is focused on the extraction and processing of metallurgical carbon, a key ingredient in steelmaking, rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations in the Central Appalachian basin of eastern Kentucky and southwest Virginia, where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

Source: Proactive Investors

About American Resources Corporation
American Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The company 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. American Resources 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.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs.

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