---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-006565"
form_type: "8-K"
ticker: "AREC"
cik: "0001590715"
company_name: "American Resources Corp"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:09:48.223427+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# American Resources Q1 net loss $3.1M, revenue $8.87M; ReElement achieves ultra-pure lithium

## Summary
- Q1 2023 net loss of $3.1M ($0.04 loss per share) vs $2.75M loss in Q1 2022.
- Revenue of $8.87M, down slightly from $9.08M in prior year period.
- Adjusted EBITDA loss of $1.59M vs $952K loss in Q1 2022.
- ReElement produced 99.986% pure lithium carbonate from recycled batteries, confirmed by independent lab.
- Converted $9M of convertible debt to equity; filed Form 10 for ReElement spin-off.

## SEC filing metadata
- accession: 0001654954-23-006565
- form_type: 8-K
- ticker: AREC
- cik: 0001590715
- company_name: American Resources Corp
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590715/000165495423006565/0001654954-23-006565-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590715/000165495423006565/arec_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-006565
- JSON: https://secwatch.observer/filing/0001654954-23-006565.json
- Plain text: https://secwatch.observer/filing/0001654954-23-006565.txt

## Key facts
- Earnings Releases
  American Resources Corp reported financial results for first quarter of 2023.
  - Period: first quarter of 2023
  - Result: reported results
  source text: On May 15, 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 first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590715/000165495423006565/0001654954-23-006565-index.htm

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