Business
American Resources Corporation Reports Fourth Quarter and Full Year 2019 Financial Results and Provides Business Outlook
Company well-positioned to be a long-term supplier of raw material to the global infrastructure market while bringing a more efficient and modernized business
About this update from American Resources Corporation
[{"type":"text","content":"Company well-positioned to be a long-term supplier of raw material to the global infrastructure market while bringing a more efficient and modernized business model to the industry Strategic steps taken over the course of 2019 transformed Company into infrastructure company producing pure metallurgical carbon, while enhancing environmental, social and governance (ESG) profile Company poised to execute on multiple value driving milestones over the course of 2020 FISHERS, IN / ACCESSWIRE / June 1, 2020 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\" or the \"Company\"), a supplier of raw materials to the rapidly growing global infrastructure marketplace with a primary focus on the extraction, processing, transportation and distribution of metallurgical carbon to the steel and specialty metals industries, today reported its fourth quarter and full year ended December 31, 2019 financial results.Mark Jensen, Chairman and CEO of American Resources Corporation commented, \"2019 continued to be a transformational year for American Resources. Notwithstanding some industry headwinds in the latter half of the year, we achieved several important milestones. When reflecting on all of our achievements, we are extremely proud of our team for continuing to optimize our position within the metallurgical carbon market. Our mission continues to be a long-term and stable supplier of raw material to the global infrastructure market while bringing a more efficient and modernized business model to the industry. Additionally, as we execute on this mission, so does our equally important ability to provide stable long-term employment to a region in need.\"2019 Key HighlightsFebruary 2019: Successfully up-listed to the Nasdaq Capital Market under the ticker \"AREC,\" providing shareholders with the fairest and most open marketplace as well increased visibility, recognition and value.October 2019: Announced the closing on the acquisition of Perry County Resources (\"PCR\"), the Company's eighth acquisition in five years. The addition of PCR to American Resources' platform further enhances the Company's position in the metallurgical carbon market by providing access to a well-known, high-quality product.Ongoing development achievements at the Company's McCoy Elkhorn complex to improve American Resources' long-term cost structure as we...