Business
American Resources Corporation Reports Fourth Quarter and Full Year 2021 Financial Results and Provides Business Outlook
Company highly aligned with major U.S. priorities in both infrastructure and electrificationOn track be the first in the U.S. to produce isolated and purified
About this update from American Resources Corporation
[{"type":"text","content":"Company highly aligned with major U.S. priorities in both infrastructure and electrificationOn track be the first in the U.S. to produce isolated and purified critical and rare earth elements (REEs) and bring the most environmentally-safe refining solutions to the domestic marketplaceSignificant increase in carbon demand and price realization being seen as Company scales operations and on track this March to realize operating profitCurrent specialty and metallurgical carbon backlog represents approximately $110 millionStrong balance sheet provides financial strength and flexibility to execute on its innovation, collaboration and growth plansCompany to host update conference call today at 4:30 PM ETFISHERS, IN / ACCESSWIRE / March 29, 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 financial results for the fourth quarter and full year ended December 31, 2021. The Company will host a conference call and webcast, today, March 29, 2022, at 4:30 PM ET (details below).Mark Jensen, Chairman and CEO of American Resources Corporation commented, \"Throughout 2021 we further established our pillars of growth and believe the year was marked by tremendous success in transforming our Company to expand our near term and future potential and opportunities. In retrospect and as a point of reference, we began unveiling the patents and technology behind our rare earth 'Capture - Process - Purify' process chain in early 2021. Today, we are only a few months away from being the first in the U.S. to produce isolated and purified critical and REEs and bringing the most environmentally-safe refining solutions to the domestic marketplace. Solidifying our position not only addresses our national supply chain and sustainability challenges of critical and REEs, but also eliminates the need to depend on foreign nations, such as China, for the final stage of refinement for these increasingly important raw materials. As we become the nation's first producer of highly-purified critical and REEs, which we believe is a monumental milestone, we are also steadily increasing our carbon production in one of the stronges...