secwatch.observer — SEC 8-K summary
======================================

Issuer:     American Resources Corp (AREC)
CIK:        0001590715
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001654954-22-015340
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590715/000165495422015340/0001654954-22-015340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590715/000165495422015340/arec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-015340

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer