American Resources Corporation · NASDAQ:AREC
American Resources — Investor Presentation (March 2021)
24 slides from American Resources's investor presentation, Mar 23, 2021
Slide 1: American Resources Corporation: Supporting Global Infrastructure
AMERICAN RESOURGES CORPORATION Supporting Global Infrastructure a = i : americanresourcescorp.com = Se yi, v NASDAQ; AREC
Slide 2: Forward-Looking Statements
NASDAQ; AREC Forward-Looking Statements This document contains 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
Slide 3: Supplier of high-quality raw materials to infrastructure and electrification markets
NASDAQ; AREC AMERICAN RESOURGES CORPORATION A next generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure and electrification markets.
Slide 4: Investment Opportunity
NASDAQ; AREC Investment Opportunity AMERICAN AMERICAN AMERICAN CARBON METALS RARE EARTH we =} High Volatile Metallurgical Carbon Used Metal and Steel Products Heavy Rare Earth Oxides PCI Carbon Used Copper Products Light Rare Earth Oxides Specialty Alloy Metal Carbon Used Carbide Products Cobalt Ind
Slide 5: Innovators in the Industry
NASDAQ: AREC Innovators in the Industry Nimble Diversified Business Model Provides Opportunity While Reducing Legacy Industry Risks Identify High Value and Creatively Acquire Under Modernize and Monetize Under-Utilized Assets and IP Favorable Terms to Fit Modern-Day Economy 0 ® G 8 Acquisitions and
Slide 6: Large Markets Poised for Exponential Growth
NASDAQ: AREC Large Markets Poised for Exponential Growth Metallurgical Carbon Rare Earth Elements ~$3.2 Trillion Average Annual Global Spend Forecasted Over the Next 20 Years? Shore (8) Shore etal $400 >10.8% >55% al ya $3.00) os = =a i $20m $15) China 295 f \ | india 240 ee = = 10.8% =] South Korea
Slide 7: Slide 7
Slide 8: Met Carbon: Essential Ingredient in Steelmaking
NASDAQ: AREC Met Carbon: Essential Ingredient in Steelmaking Raw Materials Steelmaking Met Carbon (for Coke) TIE * Heated to~1100°C in the absence of ‘oxygen for 12-36 hours + Removes impurities to leave almost o> pure carbon Blast Furnace | 2 AMERICAN fastest Growing U.S. Supplier of High-Quality |
Slide 9: U.S. Asset Base Built To Maximize Regional Economies of Scale
NASDAQ; AREC U.S. Asset Base Built To Maximize Regional Economies of Scale - Low-Cost Met Operations AREC’s operations are focused on eastern Kentucky and West Virginia. The Company is headquartered in Fishers, Indiana with regional offices at each operating subsidiary. fmm Anthracite mEEEE_ Low Vol
Slide 10: Competitive Across All Markets
NASDAQ: AREC Competitive Across All Markets Our Production Costs Are Significantly Lower Than Competitors by 20-30% by: * Significantly reducing corporate overhead and legacy costs * Streamlining operations to focus on efficiency and flexibility Met Carbon Cost Curve 1% Quartile 2° Quartile 3" Quart
Slide 11: Large Organic Growth Potential From Existing Portfolio
NASDAQ; AREC Large Organic Growth Potential From Existing Portfolio Low Capex Requirement to Bring Sites Online Portfolio of Over 24 sites ie ~300Mt 3-4Mt Total Current Projected Annual Deposits Production 3 Currently Active Sites
Slide 12: American Metals
NASDAQ; AREC AMERIGAN METALS Aggregator and Processor of used metal Aggregation is within and steel marketplace to the steel industry —- ei Az economic viable distances © via truck routes Control access via CSX Rail Lines Used steel market is rapidly expanding and l wa Finalizing barge access projec
Slide 13: American Rare Earth
AMERIGAN RARE EARTH for the electrification marketplace a — _ - ih
Slide 14: American Rare Earth
. NASDAQ: AREC American Rare Earth Building a Commercially Viable and Sustainable Rare Earth Business Rare earth elements (REE) are not rare — the ability to capture and process is Process Partnered with 5 leading universities and licensed over 15 patents and technologies on an exclusive basis to cr
Slide 15: Capture
Capture Capture o0° Environmental ois Impact (Positive) Retrofitted existing carbon processing to segregate and capture REE feedstock Existing Carbon Mining, course refuse and Acid Mine Drainage Pyrite Segregation Circuit Technology ~V Assists in Segregates of REE material from carbon and carbon was
Slide 16: Process
NASDAQ; AREC Pp rocess Exclusive technology license agreements Electrolysis Based Technology to Concentrate REE qe Feedstock from » Capture and Fly & Process Processed Rare Earth Ash Elements Concentrate Electrolysis Upside Opportunity: Processing Fly Ash to create Monetizable Byproducts Profitable
Slide 17: Creating Isolated & Pure Highly-Valuable REE
Cost = (Low/Medium) = Environmental =/*+ Impact (Neutral) NASDAQ; AREC Exclusive technology license agreements Creating Isolated & Pure Highly-Valuable REE > (1) a a & Purified REE Separated into Individual Elements Concentrated REE 2 Staged Ligand Assisted Displacement (LAD) Chromatography . U Pure
Slide 18: ESG Successes
NASDAQ: AREC ESG Successes =taNlceyalgatsiaitclmemerelet-18 ESG Initiatives Environment: Bond releases: over 7,000 net impacted acres Achieve carbon neutral status by 2030 Maintain net negative new acres impacted Environmental liabilities: reduced over $20,000,000 Investment in energy efficient equi
Slide 19: Team With Proven Operation Experience
NASDAQ: AREC Team With Proven Operation Experience Mark Jensen Thomas Sauve Kirk Taylor, CPA Chief Executive Officer; Chairman of the Board President; Director Chief Financial Officer (ver 10 years leading and managing mining operations and History of successfully dentitying mining operations that h
Slide 20: Independently Appraised Asset Value
NASDAQ; AREC Independently Appraised Asset Value Amassed a substantial asset base at a very significant discount to replacement value, with very low leverage to support massive growth opportunities —, Appraised American Resources Corp's Asset 95 op Wyoming County Coal; Mineral $17,408,545" Wyoming C
Slide 21: Financial Snapshot
NASDAQ; AREC Financial Snapshot NASDAQ: AREC 41% ~G233M mesceap: Insider Held ~6 . 7 M Avg. 3m Volume Intelligently Capitalized Balance Sheet Acquisition Opportunity Inc.: NASDAQ: AMAOU ~50 . 8 M Shares Outstanding SPAC targeting acquisitions in the land holding and resource industry jij Aa eS Yga 2
Slide 22: Year Over Year Sales
22 Year Over Year Sales Revenue (million) $80 $70 $60 $50 0) $30 $20 $10 $0 NASDAQ: AREC lal 14 Guidance of | $55 to $75 million T $31.2 $20.8 $7.6 2016 2017 2018 os I I I | covipi9: Idled HA = -— | Operations ie | $1.1 | 2020 2021 +4 ae AMERICAN
Slide 23: Investment Summary
NASDAQ: AREC Investment Summary Fastest Growing Producer of Met Carbon and Rare Earth Elements to the Growing Global Infrastructure and Electrification Markets Multiple High-Growth Ae JG Opportunities wa Ability to activate sites AA as global demand increases Highly Competitive in Global Market Low-
Slide 24: American Resources Corporation: Investor Relations
AMERICAN RESOURGES CORPORATION Supporting Global Infrastructure Investor Relations: JTC Team, Lic 833-475-8247 arec@jtcir.com \ americanresourcescorp.com NASDAQ: AREC
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