---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-010172"
form_type: "8-K"
ticker: "AREC"
cik: "0001590715"
company_name: "American Resources Corp"
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:01:47.230057+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AREC subsidiary to sell Deane Mining assets for $20.6M enterprise value

## Summary
- Binding LOI with Integrity Carbon Solutions for Deane Mining complex assets.
- $1M upfront cash ($200k deposit received, $800k at closing) plus $500k quarterly for 21 quarters.
- Buyer to assume ~$9.1M in environmental reclamation bonds.
- CEO cites sale as non-core asset unlock; also notes ongoing spin-offs of ReElement Technologies and American Carbon.

## SEC filing metadata
- accession: 0001654954-23-010172
- form_type: 8-K
- ticker: AREC
- cik: 0001590715
- company_name: American Resources Corp
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590715/000165495423010172/0001654954-23-010172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590715/000165495423010172/arec_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-010172
- JSON: https://secwatch.observer/filing/0001654954-23-010172.json
- Plain text: https://secwatch.observer/filing/0001654954-23-010172.txt

## Key facts
- Material Agreements
  American Resources Corp entered into Letter of Intent with Integrity Carbon Solutions LLC (ICS) valued at approximately $20,600,000 of enterprise value (effective 2023-08-01).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Integrity Carbon Solutions LLC (ICS)
  - Value: approximately $20,600,000 of enterprise value
  - Effective: 2023-08-01
  source text: On August 1, 2023 American Resources Corporation (“American Resources” or the “Company”), received a deposit (“Deane Deposit”) whereby entering the Company’s subsidiary, American Carbon Corporation (“American Carbon” or “ACC”), into a binding letter of intent (“Letter of Intent”) to sell certain assets associated to its Deane Mining complex to Integrity Carbon Solutions LLC (“Integrity” or “ICS”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590715/000165495423010172/0001654954-23-010172-index.htm

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