Kyle Gallagher

Steven Segal

Heiko Ihle

Keith Goodman

Richard Niehuser

Jesse Sobelson

Mark Sloan

Michael Alicastra

Michael Larry

Michael Samuels

Robert Genovese

- American Resources Corporation (AREC) entered into Securities Purchase Agreements for a private placement offering on **October 15, 2025**.  **[1590715_0001654954-25-011908_arec_8k.htm:1]** 
- The offering includes **2,661,764 shares of common stock** at **$5.10 per share** and pre-funded warrants to purchase up to **5,181,374 shares** of common stock at an offering price of **$5.0999 per share**.  **[1590715_0001654954-25-011908_arec_8k.htm:1]** 
- The net proceeds from the offering are intended to support the development of domestic critical mineral processing, corporate development, working capital, and general purposes.  **[1590715_0001654954-25-011908_arec_8k.htm:1]** 
- Maxim Group LLC served as the sole placement agent, receiving a **7.0% cash fee** of the aggregate gross proceeds and up to **$100,000** in expense reimbursement.  **[1590715_0001654954-25-011908_arec_8k.htm:2]**  The offering is anticipated to close on or about **October 16, 2025**.  **[1590715_0001654954-25-011908_arec_8k.htm:1]**

American Resources Corporation Announces Private Placement Offering

- American Resources Corporation (AREC) announced a **private placement of 9,480,282 shares of class A common stock** at an offering price of **$3.55 per share**.  **[1590715_0001654954-25-011720_arec_ex991.htm:0]** **[1590715_0001654954-25-011720_arec_8k.htm:1]** 
- This offering is expected to generate approximately **$33.7 million in gross proceeds** for the company.  **[1590715_0001654954-25-011720_arec_ex991.htm:0]** 
- The proceeds from the offering are intended for **working capital purposes**.  **[1590715_0001654954-25-011720_arec_8k.htm:1]** 
- The offering is anticipated to close on or about **October 14 or 15, 2025**.  **[1590715_0001654954-25-011720_arec_ex991.htm:0]** **[1590715_0001654954-25-011720_arec_8k.htm:1]**

American Resources Corporation Announces $33.7 Million Private Placement

- American Resources Corporation announced a private placement agreement to raise approximately **$33.7 million** by issuing **9.48 million shares** of its Class A common stock at **$3.55 per share**, with the offering expected to close around **October 14, 2025**.  **[1590715_8ce48201c2e240f79718c8d94aa1e3c0]** 
- The capital raised is intended to **strengthen the company's balance sheet** and **support expansion** across its upstream and downstream mineral operations, including rare earth and battery metals.  **[1590715_8ce48201c2e240f79718c8d94aa1e3c0]** 
- Despite the fundraising, the company faces **significant financial challenges**, including an operating margin of **-10026.06%** and a net margin of **-12971.52%**, with a distressed Altman Z-Score of **-2.23**.  **[1590715_8ce48201c2e240f79718c8d94aa1e3c0]** 
- The company, with a market capitalization of approximately **$345.2 million**, primarily focuses on supplying **metallurgical coal** for the steel industry and developing **critical minerals** for electrification and steelmaking.  **[1590715_8ce48201c2e240f79718c8d94aa1e3c0]**

American Resources Plans $33.7M Private Placement

- American Resources Corporation, through its subsidiary ReElement Technologies, is significantly expanding its Marion, Indiana Supersite to become a major refining hub for rare earth and critical minerals.  **[1590715_1942487862344506a19a6f024da6ddfa]** 
- The Marion facility's Phase-1 capacity is designed to process **2,500 to 3,500 metric tons annually** of magnet-grade rare earths, battery materials, and antimony.  **[1590715_1942487862344506a19a6f024da6ddfa]** 
- This expansion complements the recently enhanced Noblesville facility, which produces over **250 metric tons annually** of ultra-pure separated rare earth oxides critical for defense applications.  **[1590715_1942487862344506a19a6f024da6ddfa]** 
- ReElement has already ordered, identified, or installed over **60% of the necessary equipment** to meet initial growth targets at the Marion site, indicating substantial progress toward operational capacity.  **[1590715_1942487862344506a19a6f024da6ddfa]**

American Resources Expands Rare Earth Refining Capacity

- American Resources Corp's subsidiary, ReElement Technologies, and Principal Mineral Co. have signed a memorandum of understanding to co-develop an advanced rare earth production facility in the U.S..  **[1590715_a2aba8e09a7a44d3be6d8cb9a762707c]**  This facility will integrate separation, fluoride production, and metallization into a streamlined process.  **[1590715_a2aba8e09a7a44d3be6d8cb9a762707c]** 
- The collaboration aims to establish the most efficient and flexible rare earth midstream platform, enhancing U.S. defense readiness, supply chain resilience, and domestic production capacity for critical minerals.  **[1590715_a2aba8e09a7a44d3be6d8cb9a762707c]**  Potential site locations include ReElement’s supersite in Marion, Indiana, and Principal Mineral’s campus in Camden, South Carolina.  **[1590715_a2aba8e09a7a44d3be6d8cb9a762707c]** 
- This partnership is expected to break supply chain bottlenecks, reduce costs, and support industrial growth by leveraging recycled and mined raw materials to produce high-purity rare earth products primarily for the U.S. defense and industrial sectors.  **[1590715_a2aba8e09a7a44d3be6d8cb9a762707c]** 
- The average one-year target price for American Resources Corp (AREC) is **$4.00**, implying a potential upside of **75.05%** from the current price of **$2.29**, based on two analyst price targets.  **[1590715_a2aba8e09a7a44d3be6d8cb9a762707c]**  The average brokerage recommendation is **2.0**, indicating an **'Outperform'** rating.  **[1590715_a2aba8e09a7a44d3be6d8cb9a762707c]**

American Resources (AREC)