secwatch.observer — SEC 8-K summary
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Issuer:     American Resources Corp (AREC)
CIK:        0001590715
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001654954-23-003921
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590715/000165495423003921/0001654954-23-003921-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590715/000165495423003921/arec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-003921

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