---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-010762"
form_type: "8-K"
ticker: "AREC"
cik: "0001590715"
company_name: "American Resources Corp"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T11:12:18.775213+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# American Resources Q2 revenue drops 88% to $1.98M; receives LOIs for carbon assets worth ~$300M

## Summary
- Q2 net loss of $1.0M ($0.01/share) vs $2.44M loss in Q2 2022; revenue fell to $1.98M from $16.2M.
- Non-binding LOI to sell American Carbon for ~$300M cash ($3.83/share); also LOI for Perry County Resources (~$40M).
- Binding LOI to sell Deane Mining complex for $20.6M enterprise value.
- ReElement achieved ultra-pure Li2CO3 (99.9978%) from recycled battery scrap at commercial scale.
- Closed $45M tax-exempt bond for Wyoming County complex; filed Form 10 for spin-offs of ReElement and American Carbon.

## SEC filing metadata
- accession: 0001654954-23-010762
- form_type: 8-K
- ticker: AREC
- cik: 0001590715
- company_name: American Resources Corp
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590715/000165495423010762/0001654954-23-010762-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590715/000165495423010762/arec_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-010762
- JSON: https://secwatch.observer/filing/0001654954-23-010762.json
- Plain text: https://secwatch.observer/filing/0001654954-23-010762.txt

## Key facts
- Earnings Releases
  American Resources Corp reported financial results for the second quarter of 2023.
  - Period: the second quarter of 2023
  - Result: reported results
  source text: On August 14, 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 second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590715/000165495423010762/0001654954-23-010762-index.htm

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