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

Issuer:     American Resources Corp (AREC)
CIK:        0001590715
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001654954-23-006565
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590715/000165495423006565/0001654954-23-006565-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590715/000165495423006565/arec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-006565

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