Duyuru • May 16
American Resources Corporation announced delayed 10-Q filing On 05/15/2026, American Resources Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • May 01
American Resources Corporation Receives Notice of Non-Compliance from Nasdaq On April 24, 2026, American Resources Corporation (the Company) received a letter from The Nasdaq Stock Market LLC (Nasdaq) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the Company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the Form 10-K). The notification has no immediate effect on the listing or trading of the Company's common stock on The Nasdaq Capital Market. In accordance with Nasdaq's Listing Rules, the Company has 60 calendar days to submit a plan to regain compliance. If Nasdaq accepts the Company's plan, Nasdaq may grant the Company an exception of up to 180 calendar days from the original due date of the Form 10-K to regain compliance. The Company is actively working with its independent registered public accounting firm to complete the Form 10-K, to reflect the deconsolidation of certain operations and a streamlined business structure, and intends to file it as soon as practicable within the applicable compliance period. Duyuru • Apr 01
American Resources Corporation announced delayed annual 10-K filing On 03/31/2026, American Resources Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Breakeven Date Change • Mar 27
Forecast breakeven date pushed back to 2028 The 3 analysts covering American Resources previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of US$94.4m in 2028. Average annual earnings growth of 53% is required to achieve expected profit on schedule. Duyuru • Mar 09
American Resources Corporation, Annual General Meeting, Apr 15, 2026 American Resources Corporation, Annual General Meeting, Apr 15, 2026. Location: 12115 visionary way, suite 174, in 46038., fishers United States Duyuru • Jan 19
American Resources Corporation Receives Notice of Nasdaq Noncompliance Due to Delayed Annual Meeting of Shareholders On January 13, 2026, American Resources Corporation (AREC" or the Company") received a letter from Nasdaq Regulation (Nasdaq") notifying the Company that it was not in compliance with Nasdaq Listing Rule 5620(a), which requires listed companies to hold an annual meeting of shareholders within twelve months of the end of their fiscal year. The Company did not hold an annual meeting of shareholders within twelve months of its fiscal year ended December 31, 2024. The notice of noncompliance has no immediate effect on the listing or trading of the Company's common stock on The Nasdaq Capital Market. Pursuant to the Nasdaq Listing Rules, the Company has 45 calendar days, or until February 27, 2026, to submit a plan to regain compliance, which must include the scheduling and timing of its annual meeting of shareholders. If Nasdaq accepts the Company's plan, Nasdaq may grant an exception of up to 180 calendar days from the Company's fiscal year end of December 31, 2025, or until June 29, 2026, for the Company to regain compliance. The delay in convening the annual meeting was administrative in nature and was not the result of any disagreement among shareholders or the Board of Directors. The Company has submitted, or intends to submit, its plan to Nasdaq and has commenced the process to convene its annual meeting of shareholders. The Company is committed to executing its compliance plan in accordance with Nasdaq Listing Rule 5810(c)(2)(G) and expects to hold its annual meeting within the timeframe permitted under any exception granted by Nasdaq. The Company does not anticipate any difficulty in satisfying the requirements of its compliance plan and expects to regain full compliance with Nasdaq Listing Rule 5620(a) following the annual meeting. Breakeven Date Change • Nov 26
No longer forecast to breakeven The 3 analysts covering American Resources no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$13.4m in 2027. New consensus forecast suggests the company will make a loss of US$566.7k in 2027. New Risk • Nov 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-US$95m). Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m (US$145k revenue). Major Estimate Revision • Nov 21
Consensus revenue estimates increase by 38% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from US$70.0k to US$100.0k. Forecast losses expected to reduce from -US$0.393 to -US$0.343 per share. Oil and Gas industry in the US expected to see average net income growth of 25% next year. Consensus price target of US$6.67 unchanged from last update. Share price fell 11% to US$2.68 over the past week. Breakeven Date Change • Nov 20
No longer forecast to breakeven The 2 analysts covering American Resources no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$6.85m in 2027. New consensus forecast suggests the company will make a loss of US$17.3m in 2027. Reported Earnings • Nov 17
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: US$0.075 loss per share (improved from US$0.12 loss in 3Q 2024). Net loss: US$6.30m (loss narrowed 32% from 3Q 2024). Revenue exceeded analyst estimates. Earnings per share (EPS) also surpassed analyst estimates by 34%. Revenue is forecast to grow 74% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Breakeven Date Change • Nov 14
Forecast to breakeven in 2027 The 2 analysts covering American Resources expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 25% per year to 2026. The company is expected to make a profit of US$13.4m in 2027. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Price Target Changed • Oct 20
Price target increased by 10% to US$5.50 Up from US$5.00, the current price target is an average from 2 analysts. New target price is 38% above last closing price of US$4.00. The company is forecast to post a net loss per share of US$0.38 next year compared to a net loss per share of US$0.52 last year. Duyuru • Oct 17
American Resources Corporation announced that it expects to receive $39.999485 million in funding American Resources Corporation announced that it has entered into securities purchase agreements pursuant to which the Company agreed to sell and issue to the Purchasers in a private placement offering an aggregate of 2,661,764 common shares at a par value of $0.0001 per share at an issue price of $5.10 per Share for gross proceeds of $13,574,996.4 and 5,181,374 pre-funded warrants to purchase up to 5,181,374 shares of Common Stock at an exercise price equal to $0.0001 per share at an issue price of $5.0999 per warrant for gross proceeds of $26,424,489.2626 raising total aggregate gross proceeds of $39,999,485.6626 on October 15, 2025. The Shares, Pre-Funded Warrants and the Pre-Funded Warrant Shares are being offered in reliance upon the exemption from the registration requirement of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) thereof and/or Rule 506(b) of Regulation D promulgated thereunder, and applicable state securities laws. The issuance of the Shares, the Pre-Funded Warrants and the Pre-Funded Warrant Shares have not been registered under the Securities Act and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act and any applicable state securities laws. The Offering is anticipated to close on or about October 16, 2025. he Company agreed to pay Maxim upon closing a cash fee (the “Cash Fee”) equal to 7.0% of the aggregate gross proceeds received in the Offering. The Company also agreed to reimburse Maxim at the closing of the Offering, for expenses incurred, including disbursements of its legal counsel, up to $100,000. In connection with the Offering, the Company’s directors and executive officers have entered into lock-up agreements for a period of sixty (60) days after the closing of the Offering, subject to limited exceptions. Duyuru • Oct 15
American Resources Corporation has filed a Follow-on Equity Offering in the amount of $40.000004 million. American Resources Corporation has filed a Follow-on Equity Offering in the amount of $40.000004 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 7,843,138
Price\Range: $5.1
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 7,843,138
Transaction Features: Registered Direct Offering Duyuru • Oct 14
American Resources Corporation announced that it expects to receive $33.654 million in funding American Resources Corporation announced a private placement to issue 9,480,000 Class A Common Shares par value $0.0001 per share at a price of $3.55 per share for aggregate gross proceeds of $33,655,001 on October 13, 2025. Maxim Group LLC acted as the sole placement agent in connection with the Offering. The Company also entered into a Placement Agency Agreement with Maxim dated October 13, 2025, pursuant to which Maxim agreed to serve as the exclusive placement agent for the Company in connection with the Offering. The Company agreed to pay Maxim upon closing a cash fee (the “Cash Fee”) equal to 7.0% of the aggregate gross proceeds received in the Offering. The Company also agreed to reimburse Maxim at the closing of the Offering, for expenses incurred, including disbursements of its legal counsel, up to $100,000. In connection with the Offering, the Company’s directors and executive officers have entered into lock-up agreements for a period of sixty (60) days after the closing of the Offering, subject to limited exceptions. Without the prior written consent of the purchasers and Maxim, from the date of execution of the Securities Purchase Agreement until sixty (60) days after the closing of the Offering, neither the Company nor any subsidiary shall (i) issue, enter into any agreement to issue or announce the issuance or proposed issuance of any Common Stock, Common Stock Equivalents, other than an Exempt Issuance (as defined therein) or (ii) file any registration statement or any amendment or supplement thereto, subject to certain exceptions. The transaction will include participation from certain Institutional Investors and is expected to close on or about October 14, 2025. Duyuru • Aug 15
American Resources Corporation announced delayed 10-Q filing On 08/14/2025, American Resources Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Jul 03
American Resources Corporation, Annual General Meeting, Aug 29, 2025 American Resources Corporation, Annual General Meeting, Aug 29, 2025. Location: 12115 visionary way, suite 174, in 46038., fishers United States Duyuru • May 31
American Resources Receives a Letter from the Nasdaq Stock Market On May 29, 2025, American Resources Corporation received a letter from the Nasdaq Stock Market indicating that the company’s Form 10-Q for the fiscal year ended March 31, 2025 has not been timely filed according to Nasdaq’s Listing Rules. The notification of noncompliance has no immediate effect on the listing or trading of the Company’s stock on the Nasdaq Capital Market. Under the Listing Rules, the Company has 60 days to file a plan to file its 10-K and then 180 days post acceptance of the plan to file at which point the Company will regain compliance with the listing requirements and the common stock will continue to be eligible for listing on the Nasdaq Capital Market. The Company filed the required 10-Q on May 28 and was in compliance with Nasdaq Continued Listing Standards at the time of the issuance of the notification. Duyuru • May 16
American Resources Corporation announced delayed 10-Q filing On 05/15/2025, American Resources Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • May 02
American Resources Corporation Receives Non Compliance Notification from Nasdaq On April 24, 2025, American Resources Corporation (or the Company") received a letter from the Nasdaq Stock Market indicating that the company's Form 10-K for the fiscal year ended December 31, 2024 has not been timely filed according to Nasdaq's Listing Rules. The notification of noncompliance has no immediate effect on the listing or trading of the Company's stock on the Nasdaq Capital Market. Under the Listing Rules, the Company has 60 days to file a plan to file its 10-K and then 180 days post acceptance of the plan to file at which point the Company will regain compliance with the listing requirements and the common stock will continue to be eligible for listing on the Nasdaq Capital Market. The Company continues to work with its Independent Audit Firm and plans to file the required 10-K eminently. Additionally, the upcoming required March 31, 2025 Form 10Q will be filed expeditiously. Duyuru • Apr 01
American Resources Corporation announced delayed annual 10-K filing On 03/31/2025, American Resources Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Mar 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$15m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-US$53m). Revenue is less than US$1m (US$400k revenue). Minor Risk Market cap is less than US$100m (US$38.7m market cap). Duyuru • Feb 27
American Resources Corporation Receives Non-Compliance Letter from Nasdaq Regarding Minimum Bid Price Requirement On February 19, 2025, American Resources Corporation (or the Company") received a letter from the Nasdaq Stock Market indicating that for 30 consecutive business days the Company's stock has not maintained a minimum closing bid price of $1.00 per share (Minimum Bid Price Requirement") as required by Nasdaq Listing Rule 5550(a)(2). The notification of noncompliance has no immediate effect on the listing or trading of the Company's stock on the Nasdaq Capital Market. Under the Listing Rules, if during the 180 calendar days following the date of the notification, or prior to August 18, 2025, the closing bid price of the Company's stock is at or above $1.00 for a minimum of 10 consecutive business days, the Company will regain compliance with the Minimum Bid Price Requirement and the common stock will continue to be eligible for listing on the Nasdaq Capital Market. If the Company does not achieve compliance with the Minimum Bid Price Requirement by August 18, 2025, the Company may be eligible for an additional 180 day period to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, by providing a written notice of its intention to cure the deficiency during the second compliance period. If the Company meets these requirements, an additional 180 days will be granted. If the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide a notice that the Company's common stock will be subject to delisting. Price Target Changed • Feb 14
Price target decreased by 11% to US$4.00 Down from US$4.50, the current price target is an average from 2 analysts. New target price is 545% above last closing price of US$0.62. The company is forecast to post a net loss per share of US$0.41 next year compared to a net loss per share of US$0.15 last year. Duyuru • Nov 15
American Resources Corporation announced delayed 10-Q filing On 11/14/2024, American Resources Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Price Target Changed • Nov 14
Price target decreased by 11% to US$4.00 Down from US$4.50, the current price target is an average from 2 analysts. New target price is 285% above last closing price of US$1.04. The company is forecast to post a net loss per share of US$0.36 next year compared to a net loss per share of US$0.15 last year. Duyuru • Nov 08
American Resources Corporation to Report Q3, 2024 Results on Nov 14, 2024 American Resources Corporation announced that they will report Q3, 2024 results on Nov 14, 2024 Duyuru • Aug 15
American Resources Corporation announced delayed 10-Q filing On 08/14/2024, American Resources Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Breakeven Date Change • Aug 15
Forecast to breakeven in 2025 The 2 analysts covering American Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$17.9m in 2025. Average annual earnings growth of 99% is required to achieve expected profit on schedule. Duyuru • Aug 08
American Resources Corporation to Report Q2, 2024 Results on Aug 14, 2024 American Resources Corporation announced that they will report Q2, 2024 results on Aug 14, 2024 Duyuru • Jun 08
American Resources Corporation, Annual General Meeting, Jul 16, 2024 American Resources Corporation, Annual General Meeting, Jul 16, 2024. Duyuru • May 19
American Resources Corporation to Report Q1, 2024 Results on May 21, 2024 American Resources Corporation announced that they will report Q1, 2024 results on May 21, 2024 Duyuru • May 17
American Resources Corporation announced delayed 10-Q filing On 05/15/2024, American Resources Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Apr 03
American Resources Corporation Provides Updated Rare Earth Analysis from West Virginia Project American Resources Corporation announced updated results of its rare earth deposits at its Wyoming County Coal project in West Virginia with over 550 ppm as verified from an independent third-party laboratory. The ongoing project development is being funded by the Company's previously announced $45 million tax exempt bond. Rare earth and critical minerals are used in the electric drive train (magnets and batteries) of e-mobility as well as other electronics and military applications all throughout the world. American Carbon has an agreement in place with ReElement Technologies to refine concentrated rare earth materials from unconventional coal-based resources into ultra-pure products. Over 90% of the world's rare earth elements are refined in China to date and ReElement's mission is to continually grow its footprint to provide an alternative to the world in how rare earth and critical minerals are refined. Duyuru • Apr 02
American Resources Corporation announced delayed annual 10-K filing On 04/01/2024, American Resources Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Apr 01
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: US$0.15 loss per share (further deteriorated from US$0.022 loss in FY 2022). Revenue: US$16.7m (down 58% from FY 2022). Net loss: US$11.2m (loss widened US$9.76m from FY 2022). Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$1.48, the stock trades at a trailing P/E ratio of 13.8x. Average forward P/E is 11x in the Oil and Gas industry in the US. Total loss to shareholders of 62% over the past three years. Duyuru • Mar 21
American Resources Corporation to Report Q4, 2023 Results on Mar 28, 2024 American Resources Corporation announced that they will report Q4, 2023 results on Mar 28, 2024 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$1.59, the stock trades at a trailing P/E ratio of 14.8x. Average forward P/E is 10x in the Oil and Gas industry in the US. Total loss to shareholders of 60% over the past three years. Major Estimate Revision • Dec 20
Consensus revenue estimates decrease by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$28.6m to US$23.8m. EPS estimate unchanged from -US$0.04 per share at last update. Oil and Gas industry in the US expected to see average net income growth of 5.1% next year. Consensus price target of US$4.13 unchanged from last update. Share price fell 2.8% to US$1.41 over the past week. New Risk • Dec 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 143% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 143% per year for the foreseeable future. Minor Risks High level of debt (278% net debt to equity). Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (14% increase in shares outstanding). Reported Earnings • Nov 17
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: US$0.046 (up from US$0.079 loss in 3Q 2022). Revenue: US$5.83m (down 39% from 3Q 2022). Net income: US$3.48m (up US$8.71m from 3Q 2022). Profit margin: 60% (up from net loss in 3Q 2022). Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Nov 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$96.2m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (US$96.2m market cap). Duyuru • Nov 09
American Resources Corporation to Report Q3, 2023 Results on Nov 14, 2023 American Resources Corporation announced that they will report Q3, 2023 results on Nov 14, 2023 Duyuru • Sep 07
American Resources Corporation Appoints Josh Hawes as Independent Director American Resources Corporation announced that its Board of Directors has appointed Josh Hawes as an independent director. Mr. Hawes brings over 20 years of experience in the areas of capital market construction, organizational and product strategy and driving shareholder returns. Mr. Hawes will replace Michael Layman as an independent director of the board of directors as well as a member of the Board's Audit Committee effective immediately. Mr. Layman will continue to advise the Company as a member of its Advisory Board. Mr. Hawes most recently served as Chief Strategy Officer of USA Rare Earth from 2021 to 2023 and Chief of Staff from 2020 and 2021 where he oversaw an exceptional ten-fold increase in the company's value and spearheaded the creation of the Magnet Manufacturing Tax Credit, while leading their magnet manufacturing transition team in Stillwater, Oklahoma. Furthermore, Mr. Hawes built the first ex-China, North American magnet supply chain network through strategic partnerships and collaboration, allowing for the future capture of hundreds of millions in revenue. Mr. Hawes has over 15-years of leadership experience with specific focus on commodities, buy-side and sell-side investment sectors of the financial industry, and advanced technologies. Before his tenure at USA Rare Earth, Mr. Hawes held executive leadership roles for investment firms Delta1X and Hawking Alpha. He has led entrepreneurial capital integration for several companies by leading seamless combination of entrepreneurial spirit with Wall Street expertise to empower businesses of all sizes. Mr. Hawes' vision includes leveraging technology and global markets for corporate and shareholder growth. This approach has led to the creation of new markets and remarkable revenue growth of 200-1,000%. He has also advised gubernatorial and executive leadership in the White House and DoD, along with private sector leaders on integrated economic supply chain implications. Mr. Hawes holds several professional designations, including Chartered Market Technician, Certified Hedge Fund Professional, and Qualified Family Office Professional. Hawes holds licenses spanning commodities, investment banking, public, and private securities including Series 3, 63, 65, 7, 79, 82, and SIE. A graduate of Auburn University in Wireless Software Engineering with a minor in Business, Mr. Hawes actively supports Auburn's FMA program by speaking at the Business School. He has made media appearances, including a feature on Trend Following Radio, where he shared insights into the trading industry with a focus on risk management and a passion for mathematics. Mr. Hawes serves on the Board of an international missions organization and is a dedicated supporter of Metro Ministries in Tampa, Florida. Outside of his professional pursuits, he cherishes time spent with his wife, family, and two golden retrievers while fostering children for West Florida Foster Care Services. Reported Earnings • Aug 15
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: US$0.013 loss per share (improved from US$0.037 loss in 2Q 2022). Revenue: US$1.98m (down 88% from 2Q 2022). Net loss: US$999.9k (loss narrowed 59% from 2Q 2022). Revenue missed analyst estimates by 89%. Earnings per share (EPS) exceeded analyst estimates by 67%. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 12
American Resources Corporation Names Tarlis Thompson as CEO of American Carbon’s Mining Division American Resources Corporation announced that its Strategic Committee has approved the appointment of Tarlis Thompson as the Chief Executive Officer of its American Carbon subsidiary. Tarlis Thompson is a Kentucky born native that has spent over 23 years in the mining industry ranging from coal production, process, testing and leadership positions. Prior to his appointment as CEO he was the president in charge of overseeing all daily operations at American Carbon's Central Appalachian subsidiaries, which includes McCoy Elkhorn, Deane Mining, Wyoming County, Perry County and Knott County Coal. In this role, he manages the activities at the Company's various processing facilities and loadout, coordinates production at the Company's various mining operations, manages environmental compliance and reclamation, and is responsible for quality control and shipments to customers. Prior to joining American Resources Tarlis spent over 15 years at companies such as Massey Energy, Commercial Testing & Engineering, SGS Minerals and CAM Mining. Duyuru • Aug 08
American Resources Corporation to Report Q2, 2023 Results on Aug 14, 2023 American Resources Corporation announced that they will report Q2, 2023 results on Aug 14, 2023 Duyuru • Jun 09
American Resources Corporation, Annual General Meeting, Jul 18, 2023 American Resources Corporation, Annual General Meeting, Jul 18, 2023, at 10:30 US Eastern Standard Time. Agenda: To elect the five nominees named in the proxy statement as directors to hold office until the 2023 annual meeting of shareholders; to approve bf borgers cpa pc as independent registered public accounting firm for the fiscal 2023; and to transact such other business as may properly come before the annual meeting of shareholders, or any adjournment or postponement thereof. Price Target Changed • May 18
Price target decreased by 8.1% to US$4.25 Down from US$4.63, the current price target is an average from 2 analysts. New target price is 185% above last closing price of US$1.49. Stock is down 1.3% over the past year. The company is forecast to post a net loss per share of US$0.08 next year compared to a net loss per share of US$0.022 last year. Reported Earnings • May 17
First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2023 results: US$0.043 loss per share (further deteriorated from US$0.042 loss in 1Q 2022). Revenue: US$8.87m (down 2.3% from 1Q 2022). Net loss: US$3.10m (loss widened 13% from 1Q 2022). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 33%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Duyuru • May 09
American Resources Corporation to Report Q1, 2023 Results on May 15, 2023 American Resources Corporation announced that they will report Q1, 2023 results on May 15, 2023 Buying Opportunity • Apr 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be US$1.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Earnings per share has grown by 83%. Revenue is forecast to grow by 85% in a year. Earnings is forecast to decline by 391% in the next year. Reported Earnings • Apr 02
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: US$0.022 loss per share (improved from US$0.59 loss in FY 2021). Revenue: US$39.5m (up 409% from FY 2021). Net loss: US$1.45m (loss narrowed 96% from FY 2021). Revenue missed analyst estimates by 29%. Earnings per share (EPS) exceeded analyst estimates by 86%. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 06
American Resources Corporation Receives Advanced Roof Control Plan Approval for Carnegie Metallurgical Carbon Mines American Resources Corporation announced that it has received approval from the Mine Safety and Health Administration for an advanced roof control plan at both its Carnegie 1 and Carnegie 2 mines in Pike County, Kentucky. The new roof control plan, which was issued due to the mine conditions and excellent work performed by its operating teams, will reduce operating costs by an estimated $2.00 per ton. Carnegie 1 and Carnegie 2 mines are underground room and pillar mines that are set up in a manner that will provide significant growth over the course of the next few years. The Company will achieve such growth and efficiencies with minimal capex by optimizing the operations through methods such as adding additional mining sections, now that mining has advanced further into the seam, and through deep cut mine plans at Carnegie 2, similar to those recently announced at Carnegie 1. The Company believes that the strength in the current carbon market will be further exemplified in 2023 for metallurgical carbon for steel production as China slowly emerges from COVID-related lock downs. American Resources continues to focus on running efficient streamlined operations in being a new-aged supplier of raw materials to the infrastructure and electrification marketplace in the most sustainable of ways, while also helping the world achieve its goals of carbon neutrality. By operating with low or no legacy costs and having one of the largest and most innovative growth pipelines in the industry, American Resources Corporation works to maximize value for its investors by positioning its large asset base to best fit a new-aged economy, while being able to scale its operations to meet the growth of the markets it serves. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: US$0.079 loss per share (improved from US$0.15 loss in 3Q 2021). Revenue: US$9.51m (up 238% from 3Q 2021). Net loss: US$5.23m (loss narrowed 41% from 3Q 2021). Revenue missed analyst estimates by 55%. Earnings per share (EPS) also missed analyst estimates by 167%. Revenue is forecast to grow 95% p.a. on average during the next 2 years, compared to a 6.7% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Nov 16
Forecast to breakeven in 2023 The 2 analysts covering American Resources expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 74% to 2022. The company is expected to make a profit of US$25.4m in 2023. Average annual earnings growth of 171% is required to achieve expected profit on schedule. Duyuru • Nov 12
Indiana Economic Development Corporation Awards Grants for American Resources Corporation American Resources Corporation announced that it has been awarded a $200,000, state-level, advanced manufacturing grant from the Indiana Economic Development Corporation for its patented critical battery element purification and separation technology being commercialized in Noblesville, Indiana. The Company is in the final stages of site selection for its second facility in either Indiana or West Virginia. The Company has begun the initial planning and design of such facility which at full capacity will be capable of processing approximately 95,000 tons of critical battery materials annually (over 4,000 tons of lithium carbonate or hydroxide) and 6,000 tons of rare earth magnets annually (2,000 tons of high purity REEs) by 2025. Duyuru • Nov 09
American Resources Corporation to Report Q3, 2022 Results on Nov 15, 2022 American Resources Corporation announced that they will report Q3, 2022 results on Nov 15, 2022 Duyuru • Aug 30
American Resources Corporation (NasdaqCM:AREC) announces an Equity Buyback for $10 million worth of its shares. American Resources Corporation (NasdaqCM:AREC) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares of common stock outstanding. The program will expire on September 15, 2023. Price Target Changed • Aug 17
Price target increased to US$4.75 Up from US$3.63, the current price target is provided by 1 analyst. New target price is 100% above last closing price of US$2.37. Stock is up 24% over the past year. The company is forecast to post earnings per share of US$0.03 next year compared to a net loss per share of US$0.59 last year. Duyuru • Aug 10
American Resources Corporation to Report Q2, 2022 Results on Aug 15, 2022 American Resources Corporation announced that they will report Q2, 2022 results on Aug 15, 2022 Duyuru • Aug 05
American Resources Corporation Announces Management Changes for ReElement Technologies LLC Division American Resources Corporation announced that its majority-owned ReElement Technologies LLC division (ReElement) has promoted Jeff Peterson to Chief Operating Officer and expanded the ReElement team with the appointments of Dr. Yi Ding as Director of Research & Development and Chris Moorman as Chief Commercial Officer. Jeff Peterson - Chief Operating Officer: Jeff brings nearly 20 years of experience including operations, engineering, sales, and product development to ReElement Technologies LLC. He began his career as a Commissioned Officer in the United States Navy serving onboard nuclear-powered submarines. After resigning his Commission, Jeff joined Westinghouse Electric Company where he served as part of the engineering and licensing team in the design and U.S. Nuclear Regulatory Commission approved licensing of a first-of-its-kind Generation III+ pressurized water reactor for commercial electricity generation. Jeff then joined Cyient where he was rapidly promoted to sales, strategy, and product development leadership roles. He most recently worked with Hitachi Vantara as part of the North American sales team, selling digital transformation initiatives into key industrial markets. Jeff is a graduate of Purdue University and has his Master of Business Administration from the Joseph M. Katz Graduate School of Business at the University of Pittsburgh. Dr. Yi Ding - Director of Research & Development: Dr. Yi Ding received his bachelor's degree in chemical engineering from Tsinghua University in Beijing in 2016 and Ph.D. from Purdue University in 2021. Before joining ReElement, he worked as a postdoctoral research associate at Purdue University. His research focused on multi-dimensional, multi-mode chromatography for the separation and purification of critical materials including authoring and co-authoring 9 journal publications as well as serving as co-inventor for 3 provisional patent applications. Yi is also the recipient of the 2021 American Institute of Chemical Engineering Separation Division Graduate Student Research Award. Through his research and development efforts, Yi has set out to prove the clean and efficient chromatography processes for critical materials purification can provide the driving force for a sustainable and circular economy. Chris Moorman - Chief Commercial Officer: Chris Moorman brings a wide range of experience to his role as Chief Commercialization Officer. Since learning risk management as a commodity options market maker on the floor of the NYMEX, Chris has founded and exited several companies in a variety of industries from data center development to consumer package goods to artificial intelligence platform design. His experience in new market development will be critical in the formation of the domestic circular supply chain for the electrification economy. He is a graduate of Purdue University and serves on the boards of Fishing's Future, a national leader in Angler Education, and the Kurt Vonnegut Memorial Library. Price Target Changed • May 24
Price target decreased to US$3.63 Down from US$4.50, the current price target is an average from 2 analysts. New target price is 135% above last closing price of US$1.54. Stock is down 41% over the past year. The company is forecast to post earnings per share of US$0.03 next year compared to a net loss per share of US$0.59 last year. Reported Earnings • May 18
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: US$0.042 loss per share (up from US$0.14 loss in 1Q 2021). Revenue: US$9.08m (up US$9.07m from 1Q 2021). Net loss: US$2.75m (loss narrowed 57% from 1Q 2021). Revenue missed analyst estimates by 66%. Earnings per share (EPS) also missed analyst estimates by 47%. Over the next year, revenue is forecast to grow 624%, compared to a 19% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Duyuru • May 17
American Resources Corporation, Annual General Meeting, Jun 28, 2022 American Resources Corporation, Annual General Meeting, Jun 28, 2022, at 10:30 Eastern Standard Time. Agenda: to elect the five nominees named in the proxy statement as directors to hold office until the 2023 annual meeting of shareholders; to approve BF Borgers Cpa Pc as our independent registered public accounting firm for the fiscal 2022. Price Target Changed • Apr 27
Price target increased to US$4.50 Up from US$3.75, the current price target is provided by 1 analyst. New target price is 147% above last closing price of US$1.82. Stock is down 47% over the past year. The company is forecast to post earnings per share of US$0.18 next year compared to a net loss per share of US$0.59 last year. Price Target Changed • Mar 31
Price target increased to US$4.50 Up from US$4.00, the current price target is provided by 1 analyst. New target price is 75% above last closing price of US$2.57. Stock is down 32% over the past year. The company is forecast to post a net loss per share of US$0.01 next year compared to a net loss per share of US$0.59 last year. Reported Earnings • Mar 30
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: US$0.59 loss per share (down from US$0.35 loss in FY 2020). Revenue: US$7.76m (up US$6.70m from FY 2020). Net loss: US$32.4m (loss widened 216% from FY 2020). Revenue missed analyst estimates by 98%. Earnings per share (EPS) exceeded analyst estimates by 117%. Over the next year, revenue is forecast to grow 2,316%, compared to a 23% growth forecast for the oil industry in the US. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 17
Third quarter 2021 earnings released: US$0.15 loss per share (vs US$0.005 profit in 3Q 2020) Third quarter 2021 results: Net loss: US$8.91m (down US$9.04m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 20
Price target decreased to US$3.65 Down from US$6.00, the current price target is an average from 2 analysts. New target price is 99% above last closing price of US$1.83. Stock is up 42% over the past year. Reported Earnings • Aug 18
Second quarter 2021 earnings released: US$0.13 loss per share (vs US$0.049 profit in 2Q 2020) Second quarter 2021 results: Net loss: US$6.65m (down US$7.96m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Jun 10
American Resources Corporation has completed a Follow-on Equity Offering in the amount of $30.1 million. American Resources Corporation has completed a Follow-on Equity Offering in the amount of $30.1 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 8,600,000
Price\Range: $3.5
Discount Per Security: $0.245
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 4,300,000
Transaction Features: Registered Direct Offering Major Estimate Revision • May 19
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from US$72.0m to US$61.2m. EPS estimate unchanged from -US$0.54 per share at last update. Oil and Gas industry in the US expected to see average net income growth of 37% next year. Consensus price target down from US$6.13 to US$6.00. Share price fell 5.0% to US$2.83 over the past week. Reported Earnings • May 15
First quarter 2021 earnings released: US$0.14 loss per share (vs US$0.12 loss in 1Q 2020) First quarter 2021 results: Net loss: US$6.39m (loss widened 96% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • May 15
Forecast breakeven pushed back to 2022 The 2 analysts covering American Resources previously expected the company to break even in 2021. New consensus forecast suggests losses will reduce by 31% to 2021. The company is expected to make a profit of US$15.1m in 2022. Average annual earnings growth of 103% is required to achieve expected profit on schedule.