Business
American Resources Corporation Reports First Quarter 2021 Financial Results and Provides Business Outlook
Well-positioned to be a long-term supplier of raw material and critical elements to the modern-day infrastructure marketNear-term catalysts expected to drive
About this update from American Resources Corporation
[{"type":"text","content":"Well-positioned to be a long-term supplier of raw material and critical elements to the modern-day infrastructure marketNear-term catalysts expected to drive significant growth and valueBalance sheet improvements provides financial strength and flexibility to execute on its innovation and growth plansCompany to host update conference call on Wednesday, May 12 at 4:30 PM ETFISHERS, IN / ACCESSWIRE / May 12, 2021 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\" or the \"Company\"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today reported its first quarter of 2021 financial results and provided a corporate update.Mark Jensen, Chairman and CEO of American Resources Corporation commented, \"Over the course of the first quarter of 2021, we had the opportunity to continue to position our dynamic platform to provide the infrastructure and electrification marketplaces the resources needed to advance to a greener economy. We've had one of the most active three months to date in terms of transforming our Company. We had the opportunity to further define our suite of technology that has brought together some of the best and most innovative universities and chemical engineers that have developed technologies and processes that enable us to capture, process and purify critical and rare earth elements, and do it in the most environmentally safe, and in certain instances environmentally positive, methods ever developed. We are confident that our process chain is at the forefront of establishing a sustainable and healthy supply chain of critical materials here in the United States and redefine how these materials are sourced across the globe. Our milestones and announcement over the first quarter are groundbreaking and demonstrate our commitment to bring these technologies to the market as expeditiously and efficiently as possible.\"First Quarter 2021 Key HighlightsSecured base load sales commitment for production of raw materials servicing the infrastructure marketplace at its Perry County Resources (\"PCR\") mining complex.Entered into exclusive patent and technology licensing agreements and sponsored research agreements with Penn State University and its Department of Energy and Mineral Engineering to implement Penn State's intellectual...