Business
American Resources Corporation Reports Full Year 2023 Financial Results and Provides Business Outlook
Company successfully executed and closed $150 million tax exempt bond offering for the Company's Kentucky Lithium refining facilityThe first domestic,
About this update from American Resources Corporation
[{"type":"text","content":"Company successfully executed and closed $150 million tax exempt bond offering for the Company's Kentucky Lithium refining facilityThe first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets and high-purity battery elements from both ores and recycled feedstocksCompany's patented chromatographic separation and purification process defining itself as the world-leading critical mineral refining technologyEstablishing first-of-their-kind partnerships pioneering full circular solutions for both rare earth elements and critical battery elementsStrong 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 28, 2024 / 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 full year ended December 31, 2023. The Company will host a conference call and webcast, today, March 28, 2024, at 4:30 PM ET (details below).Mark Jensen, Chairman and CEO of American Resources Corporation commented, \"Over the past year, we continued to see tremendous success in establishing our strategic positioning within the value chain of our addressable markets. Our strategic focus has been to position and prepare our business for growth as separate, standalone companies, and we have been putting the pieces in place to execute on that plan as we have previously discussed, and which is consistent with our Strategic Committee's plan of action to better unlock the value of American Resources. These steps include securing the appropriate growth capital to scale operations while also building word-class teams around each business. Our growth capital for American Carbon is largely supported by the closing of the previously announced tax-exempt bond offering for Wyoming County Coal (WCC), and we believe that complex will be a first class facility producing premium mid vol carbon for the global steel markets. Development of the WCC complex continues to progress and we are confident we will be producing from its first ...