Business
American Resources Corporation Establishes Special Committee to Evaluate Strategic Valuation Creation Events
Committee Comprised of Members of the Board and Management To Conduct Strategic Review To Evaluate and Explore Further Methods That Can Unlock Value of the
About this update from American Resources Corporation
[{"type":"text","content":"Committee Comprised of Members of the Board and Management To Conduct Strategic Review To Evaluate and Explore Further Methods That Can Unlock Value of the CompanyFISHERS, IN / ACCESSWIRE / July 27, 2022 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\" or the \"Company\"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that, at the request of an independent board member and shareholder, has created a special committee to evaluate strategic opportunities that can unlock the value of the Company for its shareholders.Mark Jensen, CEO of American Resources Corporation commented, \"We are extremely excited about our progress as a business on a fundamental basis and the opportunities we have in front of us, but also concur that the enterprise value of the business is currently at a substantial discount to our peers. We had an independent board member and shareholder of the Company request that we begin to evaluate opportunities to unlock the value for our shareholders. Such strategies, which have been presented, may include spin offs of certain divisions, stock repurchase programs, 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. 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.\"American Resources 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. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves.About American Resources CorporationAmerican Resources Corporation...