American Resources is monetizing its carbon assets while simultaneously capitalizing on the wealth of opportunities for the rapid growth of its ReElement Technologies division, which recently became the first domestic, commercial producer of isolated and high-purity rare-earth elements. It is estimated that approx. $3 billion worth of rare-earth elements end up in landfills annually from end-of-life products. American Resources’ proprietary patented technology enables it to mine and process rare earths in an environmentally friendly way that avoids polluting landfills with metals while reducing mining-based environmental impact and mitigating cross-border supply chain risk. New energy storage technologies and electric vehicles currently depend on China, which controls 85% of the market for rare earth metals. American Resources has the capacity to change this dynamic, creating jobs in the US and securing the supply chain for rapidly growing industries while driving exponential growth for the Company. American Resources generated $21.4 million revenue in the 12-months ended September 30, 2023. With strong tailwinds, a multi-pronged business strategy, and experienced management, American Resources’ revenue growth is expected to accelerate in the quarters ahead.

• Next-generation, socially responsible supplier of raw materials to the new infrastructure market
  • Producer and processer of critical and rare earth elements for the electrification marketplace
  • Aggregator and processer of used steel and metals to be recycled for new steelmaking
  • Producer of metallurgical carbon, primary source of carbon used in steelmaking
• Balance sheet is capitalized to meet growth objectives
  • Intelligently capitalized balance sheet
• Highly competitive in global market
  • Low-cost structure allows for preferred pricing
  • Scalable platform provides ability to activate sites as global demand increases
• Management team with proven expertise in operational excellence
  • CEO has 10+ years’ experience leading and managing mining operations and over 15 years investing, restructuring and building businesses
  • President has history of successfully identifying mining operations that have the ability to meet AREC’s model of cost cutting and efficiency

Deploys the world’s first metal recovery technology that accepts both end-of-life products and virgin ores as feedstock and recovers their rare earth elements and critical battery metals at purities ready for remanufacture.

• Recently achieved ultra-pure (99.96%) lithium carbonate (Li2CO3) from its exclusively licensed and patented multi-modal chromatography technology from hard-rock, spodumene bearing pegmatite ore. This achievement comes after significant milestones of achieving 99.9978% pure Li2CO3 from LFP battery manufacturing scrap at commercial scale; the first-known to achieve this worldwide, and 99.986% pure Li2CO3 produced from recycled, end-of-life lithium-ion batteries, as well as achieving groundbreaking success as the first in the United States to produce greater than 99.5% pure magnet rare earth elements [dysprosium (Dy), neodymium (Nd) and praseodymium (Pr)] at commercial scale.

• Received initial approval from the Knott County Fiscal Court for up to $150,000,000 of Tax-Exempt Industrial Revenue Bonds to fund a large-scale lithium refinery and redevelopment of the existing controlled site's infrastructure buildout, equipment installation and initial working capital for production. This site will be the Company's third planned critical mineral and lithium refinery in the United States using its proven and patented technology.

• Received final approval and closed its $44.9 million of local incentives from the City of Marion, Indiana to construct a state-of-the-art, commercial scale lithium, critical minerals, and rare earth elements refining facility. This follows the Company taking a controlling interest in the former RCA Thomson manufacturing plant in Marion comprising approximately 425,000 square feet of manufacturing and refining capacity space on a 42-acre campus for ReElement Technologies' critical mineral refining and future co-located, supply chain manufacturing partners.

• Continued to bolster its world-class team with the appointments of:
  • Ben Wrightsman, a well-established leader in the battery sector, as President;
  • Shane Tragethon, an operations and strategy expert with a large portion of his recent career supporting the United States Department of State's foreign assistance objectives and cooperation in Africa, as Vice President of International Strategy; and
  • Neel Jani, Swiss professional racecar driver, as Brand Ambassador.

Redefining legacy industry to thrive in today’s coal conscious economy, providing metallurgical carbon for steel and specialty alloy metals.

• Entered into a letter of intent to sell its carbon mining assets to an unaffiliated, strategic party for the total consideration of approximately $280 million or $3.58 per share.

• Successfully closed its $45 million Tax-Exempt Industrial Development Bond offering through the West Virginia Economic Development Authority which will fund the expansion and technological improvements to the existing metallurgical carbon processing facility at its Wyoming County Coal complex.