American Resources Corporation · NASDAQ:AREC
American Resources — Investor Presentation (June 2026)
27 slides from American Resources's investor presentation, Jun 4, 2026
Slide 1: American Resources Corporation
AMERICAN RESOURCES CORPORATION Leading the critical mineral and rare earth supply chain THE FOUNDATION OF AMERICA’S FUTURE Upstream investment in Critical Mineral Feedstock
Slide 2: Forward-Looking Statements
Forward-Looking Statements This document may include predictions, estimates or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actu
Slide 3: American Resources Corporation
AMERICAN RESOURCES CORPORATION A leading critical mineral platform company sourcing strategic feedstocks while leveraging ReElement Technologies’ world- leading refining technology to develop innovative solutions in both the upstream and downstream segment of the market
Slide 4: The Foundation of America's Future
The Foundation of America’s Future INFRASTRUCTURE HAS EVOLVED — SO HAVE WE. SECURING CRITICAL MINERAL INPUTS TO POWER THE MODERN ECONOMY Modern infrastructure is no longer defined solely by roads, bridges, and pipelines. ‘Tos, igtal infrastructure “Including data 1, SOURCING 2. PROCESSING & REFINING
Slide 5: Critical Mineral Holdings
AMERICAN RESOURCES CORPORATION CRITICAL MINERAL HOLDINGS Ownership Interest: 100% Producing rare earth concentrates from coal- based byproduct resources, leveraging control of over 120 million tons of already-mined, strategically located material Investing in best-in-class mining assets and feedstoc
Slide 6: Innovators & Disruptors in Industries
Innovators & Disruptors in Industries * Built the most innovative and cost effective critical and rare earth supply chain from legacy energy assets. * Utilized a nimble diversified business model to adapt to unlock highest value assets Identify High Value Supply i Modernize and Monetize Unlock value
Slide 7: Government and National Security Alignment
Government and National Security Alignment Uniquely Positioned to Address Current Presidential Executive Orders Re ELEMENT Executive Order 14241 — Immediate Measures to Increase American Mineral Production Executive Order 14179 — Removing Barriers to American Leadership in Al ee AMERICAN oy INFRASTR
Slide 8: Regional Feedstock Sourcing
Regional Feedstock Sourcing Validated, high-grade global feedstock pipeline supporting scalable rare earth oxide (SREO) production American Resources and ReElement Technologies have validated multiple global feedstock sources - from origin through final separated rare earth oxide (SREO) production -
Slide 9: Regional Feedstock Sourcing
Regional Feedstock Sourcing Regional Focus Southeast Asia + Advancing sourcing partnerships with stakeholders across multiple producing mines + Focused on high-grade ionic clay resources with established production profiles + Near-term scalable feedstock supply for both LREE and HREE production Uzbe
Slide 10: Unlocking the Largest Rare Earth Element Mine in the U.S.
Unlocking the Largest Rare Earth Element Mine In the U.S. 10 “Rare Earth Elements are not rare” — but access to economically viable process engineering that refines diverse feedstocks into usable and monetizable products is. American Resources controls over 120 million tons of already mined, domesti
Slide 11: Low-Cost, High-Value Rare Earth Mines
Low-Cost, High-Value Rare Earth Mines "1 Market Opportunity - Coal once powered America’s steel industry, forging the backbone of a strong and resilient nation. Today, we’re unlocking new value from that legacy by recovering critical minerals from already-mined coal waste. Proprietary Model - A dome
Slide 12: High-Quality, High Value Rare Earths and Critical Mineral Concentrates
12 High-Quality, High Value Rare Earths and Critical Mineral Concentrates [AMERICAN RESOURCES ounty Coal, LLC - RRE Ashas Determined Basis AMERICAN
Slide 13: ReElement Technologies
ELEMENT TECHNOLOGIES ai Wa | RL mage imwovarive REFINING PLATFORM AW
Slide 14: Introduction to ReElement
14 Introduction to ReElement Refiner of Critical & Rare Earth Elements for Commercial and Defense Applications The only domestic producer offering a complete solution for refined rare earth elements (REEs), battery critical elements (BCEs), & defense elements Economically Competitive Against China E
Slide 15: A New Model for Critical Mineral Supply Chains
ANEW MODEL FOR CRITICAL MINERAL SUPPLY CHAINS From fixed, capital-intensive systems to flexible, demand-aligned refining LEGACY MODEL REELEMENT MODEL © Butteround large, fxed-scoled facies wih Reftoing-ist platform addressing tha nigh opereting costs and environmental midstream bottleneck challenges
Slide 16: Diversifying and Fortifying Supply Chains
16 Diversifying and Fortifying Supply Chains De-Risking and Reducing Dependance on China’s Current Global Monopoly LREE Antimony Gallium Germanium | S B S S Lithium Cobalt Nickel Gadolinium 6oo6 © China's Giovat Controt of Refined Product @ Rest of World sources Intemational Enery Agency UntedStten
Slide 17: Transforming the Economics of Critical Mineral Refining
18 Transforming the Economics of Critical Mineral Refining Technology Snapshot: Repurposing Chromatography for Mineral Separation & Purification Innovative Refining We replace solvent and hydrometallurgical refining which is expensive to build, expensive to operate, and complex to permit -- all at a
Slide 18: Redefining Critical Mineral Separation and Purification
19 Redefining Critical Mineral Separation and Purification Our refining methods are capable of separating and purifying a variety of critical minerals, including HREE and LREE, from complex mixtures. Unlike traditional solvent extraction, our separation methods utilize aqueous chemistry, eliminating
Slide 19: Replacing Hazardous Legacy Refining Methods
20 Replacing Hazardous Legacy Refining Methods Displacing the Chinese Rare Earth & Critical Battery Element Monopolies Solvent Extraction Facility ReElement Commercialization Facility Inner Mongolia, China Noblesville, Indiana
Slide 20: ReElement's Mission-Driven Solution
241 ReElement’s Mission-Driven Solution Continuous Chromatography Proven, Longstanding Technology Repurposed for Mineral Refining FLEXIBLE + SCALABLE + ENVIRONMENTALLY SAFE ReElementis becoming the worldwide industry standard for the separation and purification of critical and rare earth elements fo
Slide 21: Multi-Mineral & Multi-Feedstock Refining
22 Multi-Mineral & Multi-Feedstock Refining Engineered and Calibrated to Plug-and-Process all Magnet and Battery Feedstock Types & Chemistries Natural Mineral Feedstocks We accept and refine a variety of natural feedstocks, _ including lithium-bearing ores such as spodumene and epidolite and ium-ric
Slide 22: Current Rare Earth & Critical Element Product Mix
Current Rare Earth & Critical Element Product Mix Ultra-Pure Rare Earth, Critical Battery & Defense Elements [Rare Earth Elements Form Recovery Purity Neodymium (Nd) Oxide 95% 99.5% to 99.9+% Praseodymium (Pr) Oxide 95%+ 99.5% to 99.94% INd/ Pr Mixed Oxide Oxide 95% 99.5% to 99.94% [Dysprosium (Dy)
Slide 23: Noblesville Customer Qualification Facility
Noblesville Customer Qualification Facility Daily Production of Ultra-Pure Critical Minerals Core function: Validates high-purity products from diverse global feedstocks across lab, pilot, and demonstration scale, while developing and optimizing refining processes for specific inputs ‘August 2022: R
Slide 24: Marion Advanced Technology Commercial Scale Campus
25 Marion Advanced Technology Commercial Scale Campus Indiana HOME OF | Re | July 2023: Site confirmed & development begins September 2023: Secured $46 million in local incentives 42-acre campus with 450k square feet with additional ~250k foundation-ready square feet capacity for expansion January 2
Slide 25: Value Creating Investments & Partnerships
Value Creating Investments & Partnerships 9 Royalty Management Ownership Interest: “8.8% (Ownership interest through Royalty ‘Management Holding Corporation (Nasdaq: RMCO) Royalty Managements ais a royalty company building shareholder value to benefit both its shareholders and communities by acquiri
Slide 26: Financial Snapshot
Financial Snapshot NASDAQ: AREC ~25% Insider Held * Management represent the largest combined shareholder of the company * Intelligently Capitalized Balance Sheet * 12-Month Price Target Est. - $6.00 4:As of June 1, 2026 { Hy AMERICAN 28 e : f esgunnes cORPORANON
Slide 27: Supporting Modern Infrastructure
AMERICAN RESOURCES CORPORATION SUPPORTING MODERN INFRASTRUCTURE RCESCORP.COM | INVESTOR@AMERICANRESOURCESCORP.COM THE FOUNDATION OF AMERICA’S FUTUR. pr mene te ne
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