---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-003921"
form_type: "8-K"
ticker: "AREC"
cik: "0001590715"
company_name: "American Resources Corp"
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:13:17.436769+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AREC reports record 2022 revenue $39.5M, Q4 net income $9.5M, adjusted EBITDA $11.4M

## Summary
- Full year 2022 revenue $39.5M, up >400% from $7.76M in 2021.
- Q4 2022 net income $9.5M ($0.14/share) vs net loss $10.4M ($0.17/share) in Q4 2021.
- Full year adjusted EBITDA $6.5M vs loss of $22.8M in 2021; Q4 adjusted EBITDA $11.4M vs loss of $6.8M.
- ReElement Technologies produced >99.5% pure rare earth elements and 99.9% pure lithium at commercial scale from recycled sources.
- Company repurchased 7.5% interest in ReElement, filed Form 10 for spin-off, and converted last convertible debt reducing debt by over $9M.

## SEC filing metadata
- accession: 0001654954-23-003921
- form_type: 8-K
- ticker: AREC
- cik: 0001590715
- company_name: American Resources Corp
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1590715/000165495423003921/0001654954-23-003921-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590715/000165495423003921/arec_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-003921
- JSON: https://secwatch.observer/filing/0001654954-23-003921.json
- Plain text: https://secwatch.observer/filing/0001654954-23-003921.txt

## Key facts
- Earnings Releases
  American Resources Corp reported financial results for the fourth quarter and full year ended December 31, 2022.
  - Period: the fourth quarter and full year ended December 31, 2022
  - Result: reported results
  source text: On March 30, 2023, American Resources Corporation (or the “Company”) issued a press release to announce the reporting of the Company’s financial and operating results for the fourth quarter and full year 2022 (the “Earnings Release”), and to provide a business outlook.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590715/000165495423003921/0001654954-23-003921-index.htm

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