American Resources Corporation · NASDAQ:AREC
American Resources — Investor Presentation (August 2026)
32 slides from American Resources's investor presentation, August 2026
Slide 1: Leading the critical mineral and rare earth supply chain
Leading the critical mineral and rare earth supply chain americanresourcescorp.com 1
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: A leading U.S. critical materials platform company
NASDAQ: AREC A leading U.S. critical materials platform company connecting strategic feedstocks, industrial processing and advanced refining capabilities to develop innovative solutions across the critical mineral supply chain. 3
Slide 4: The Foundation of America's Future
The Foundation of America’s Future INFRASTRUCTURE HAS EVOLVED – SO HAVE WE. Modern infrastructure is no longer defined solely SECURING CRITICAL MINERAL INPUTS TO POWER THE MODERN ECONOMY by roads, bridges, and pipelines. Today, digital infrastructure - including data 1. SOURCING 2. PROCESSING & REFI
Slide 5: A Connected Critical Materials Platform
A Connected Critical Materials Platform FEEDSTOCK & RESOURCE DEVELOPMENT INDUSTRIAL PROCESSING & CIRCULARITY ADVANCED REFINING CRITICAL MINERAL HOLDINGS Ownership Interest: 100% Ownership Interest: ~93% Ownership Interest: ~17% Private Corporation Producing rare earth and critical mineral Aggregatin
Slide 6: Creating Enduring Shareholder Value
Creating Enduring Shareholder Value Building and connecting differentiated capabilities across the critical mineral supply chain Identify Strategic 1 Assets & Capabilities 2 Develop / Incubate 3 Connect & Commercialize 4 Monetize / Scale • Source and evaluate differentiated • Advance IP, permitting,
Slide 7: Government and National Security Alignment
Government and National Security Alignment Uniquely Positioned to Address Current Presidential Executive Orders Executive Order 14263 – Revitalizing Executive Order 14241 – Immediate America’s Metal Recycling and Strategic Measures to Increase American Mineral Recovery Executive Order 141156 – Decla
Slide 8: Regional Feedstock Sourcing
NASDAQ: AREC 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)
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 One of America's Largest Controlled, Already-Mined Critical Mineral Resources
Unlocking One of America’s Largest Controlled, Already-Mined Critical Mineral Resources • “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 more than 200 mi
Slide 11: Low-Cost, High-Value Rare Earth Mines
Low-Cost, High-Value Rare Earth Mines • 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 dom
Slide 12: High-Quality, High Value Rare Earths and Critical Mineral Concentrates
High-Quality, High Value Rare Earths and Critical Mineral Concentrates - Representation of controlled, REE-bearing resource 12
Slide 13: Electrified Materials Corp. (EMCO) recycling and circular solutions
Electrified Materials Corp. (EMCO) is a leading provider of recycling and circular solutions for end-of-life battery, magnet and ferrous metals Processed material from EMCO is then further refined to high purity, critical and rare earth elements for battery, permanent magnet and advanced technology
Slide 14: Electrified Materials: Building the Front End of the Critical Mineral Supply Chain
Electrified Materials: Building the Front End of the Critical Mineral Supply Chain EMCO connects fragmented feedstocks with industrial processing, logistics and advanced refining pathways ◎ ＋ ◆ SOURCE AGGREGATE PROCESS CONDITION REFINE EMCO is not simply a recycler — it is a front-end industrial pla
Slide 15: EMCO: Building a Strategic Front-End Processing Network
EMCO: Building a Strategic Front-End Processing Network Selective collaboration expands feedstock access and processing capability while avoiding unnecessary duplication of infrastr ucture AREC, EMCO and ReElement are selectively connecting best-in-class capabilities across the front end of the supp
Slide 16: EMCO's Strategic Evolution
EMCO’s Strategic Evolution From recycling individual waste streams to a scalable feedstock, processing and circular-supply-chain platform RECYCLING & RECOVERY WHY EMCO MATTERS TO AREC 1 Recover value from end-of-life and manufacturing waste • Expands AREC’s access to strategic feedstocks without req
Slide 17: Leveraging Affiliation with the World's Most Innovative Refining Platform
LEVERAGING AFFILIATION WITH THE WORLD’S MOST INNOVATIVE REFINING PLATFORM
Slide 18: Introduction to ReElement
NASDAQ: AREC Introduction to ReElement Refiner of Critical & Rare Earth Elements for Commercial and Defense Applications • A leading U.S.-based advanced refining platform Supplying Essential Inputs into High-Demand Sectors producing high-purity rare earth elements, critical minerals and strategic de
Slide 19: A New Model for Critical Mineral Supply Chains
NASDAQ: AREC A NEW MODEL FOR CRITICAL MINERAL SUPPLY CHAINS From fixed, capital-intensive systems to flexible, demand-aligned refining LEGACY MODEL REELEMENT MODEL Built around large, fixed-scaled facilities with Refining-first platform addressing the high operating costs and environmental midstream
Slide 20: Diversifying and Fortifying Supply Chains
NASDAQ: AREC Diversifying and Fortifying Supply Chains De-Risking and Reducing Dependance on China’s Current Global Monopoly LREE Antimony Gallium Germanium HREE ~87% ~56% >98% ~70% Lithium Cobalt Nickel Gadolinium >99% ~70% ~77% ~75% ~86% China’s Global Control of Refined Product Rest of World Sour
Slide 21: Tariffs, China, and the Current Landscape
NASDAQ: AREC Tariffs, China, and the Current Landscape ReElement Technologies aligns with all sections of the March 20, 2025 Executive Order “Immediate Measures to Increase American Mineral Production” 39 62 Y Sm • Ability to cost-effectively outcompete China in critical mineral processing Yttrium S
Slide 22: Transforming the Economics of Critical Mineral Refining
NASDAQ: AREC Transforming the Economics of Critical Mineral Refining Technology Snapshot: Repurposing Chromatography for Mineral Separation & Purification 22
Slide 23: Comparison to Solvent Extraction Methods
Comparison to Solvent Extraction Methods Extensive Benefits Relative to Alternative Mineral Processing Technologies Core Characteristics ReElement (Chromatographic Extraction) Solvent Extraction Chemistry & Feedstock Aqueous + Ion Exchange Resins, Diverse Feedstocks Organic Solvents + Acids, Designe
Slide 24: Redefining Critical Mineral Separation and Purification
NASDAQ: AREC 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, e
Slide 25: Replacing Hazardous Legacy Refining Methods
NASDAQ: AREC 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 25
Slide 26: ReElement's Mission-Driven Solution
NASDAQ: AREC ReElement’s Mission-Driven Solution Continuous Chromatography A Proven, Longstanding Technology Repurposed for Mineral Refining FLEXIBLE ・ SCALABLE ・ ENVIRONMENTALLY SAFE ReElement is becoming the worldwide industry standard for the separation and purification of critical and rare earth
Slide 27: Current Rare Earth & Critical Element Product Mix
NASDAQ: AREC Current Rare Earth & Critical Element Product Mix Ultra-Pure Rare Earth, Critical Battery & Defense Elements 27
Slide 28: Noblesville Customer Qualification Facility
NASDAQ: AREC 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
Slide 29: Marion Commercial Scale Refining Campus
Marion Commercial Scale Refining Campus • 42-acre brownfield campus with 450k square feet with additional ~250k foundation-ready square feet capacity for expansion • July 2023: Site confirmed & development begins • September 2023: Secured $46 million in local incentives • Spring 2025: Phase-1 renova
Slide 30: Value Creating Investments & Partnerships
Value Creating Investments & Partnerships Ownership Interest: ~8.8% OTCPK: WINH – Wilcox International Ownership Interest: ~2.1% Holdings Inc. Ownership interest through Royalty Portfolio holding through an owned promissory Strategic Commercial Partner Management Holding Corporation (Nasdaq: Ownersh
Slide 31: Financial Snapshot
Financial Snapshot NASDAQ: AREC ~$261M Market Cap ~25% 1 Insider Held ~1.7M Avg. Daily Volume 1 • Management represent the largest combined shareholder of the company • Intelligently Capitalized Balance Sheet ~106M Shares Outstanding 1 • 12-Month Price Target Est. - $6.00 1: As of August 1, 2026 31
Slide 32: Supporting Modern Infrastructure
SUPPORTING MODERN INFRASTRUCTURE WWW.AMERICANRESOURCESCORP.COM | INVESTOR@AMERICANRESOURCESCORP.COM
American Resources — Investor Presentation (August 2026) on 6ix