---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-015340"
form_type: "8-K"
ticker: "AREC"
cik: "0001590715"
company_name: "American Resources Corp"
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T18:30:06.661017+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AREC Q3 net loss $5.27M, revenue $9.51M (+238%); ReElement hits first US commercial rare earth production

## Summary
- Net loss $5.27M ($0.08 loss per share) vs $8.91M loss ($0.15) in Q3 2021; revenue $9.51M, up 238% YoY.
- ReElement division achieved first US commercial production of >99.5% pure rare earths (Dy, Nd, Pr) from recycled magnets.
- Carbon sales increased 240% YoY; sold 37,600 tons at avg >$250/ton; Perry County complex idled due to flooding.
- Adjusted EBITDA turned positive at $257,700 vs ($1.37M) in prior year; development costs $3.69M.
- Expects commercial production of battery elements (Li, Co, Ni, Mn) from recycled batteries in Q4 2022.

## SEC filing metadata
- accession: 0001654954-22-015340
- form_type: 8-K
- ticker: AREC
- cik: 0001590715
- company_name: American Resources Corp
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590715/000165495422015340/0001654954-22-015340-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590715/000165495422015340/arec_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-015340
- JSON: https://secwatch.observer/filing/0001654954-22-015340.json
- Plain text: https://secwatch.observer/filing/0001654954-22-015340.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.