{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-014028","form_type":"8-K","ticker":"AREC","cik":"0001590715","company_name":"American Resources Corp","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.672867+00:00","generated_at":"2026-06-08T06:42:01.949858+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"American Resources closes $44.9M bond incentive for Marion critical mineral campus","bullets":["City of Marion issued $44.9M tax increment financing bond for ReElement's 42-acre refining campus.","Campus targets 5,000 metric tons/yr lithium hydroxide/carbonate and 750 metric tons/yr rare earth oxides.","Initial production capacity: 2 metric tons/day rare earth oxides (>99.5% purity) and 50 metric tons/day Li-ion black mass.","Facility will process battery elements (Li, Co, Ni) and rare earths (Nd, Dy, Pr) for EV and magnet supply chains.","425,000 sq ft existing space plus 250,000 sq ft foundation-ready expansion area in Marion, Indiana."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-014028","json":"https://secwatch.observer/filing/0001654954-23-014028.json","markdown":"https://secwatch.observer/filing/0001654954-23-014028.md","text":"https://secwatch.observer/filing/0001654954-23-014028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1590715/000165495423014028/0001654954-23-014028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1590715/000165495423014028/arec_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T06:42:01.949858+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e7389bb27fb28e360d76ad7b651af7fb369e068f","claim":"American Resources Corp entered into Bond Purchase Agreement with City of Marion, Indiana valued at $44,897,000 (effective 2023-11-02).","evidence_excerpt":"On November 2, 2023, American Resources Corporation’s (“American Resources” or the “Company”) entered into a Bond Purchase Agreement (“Purchase Agreement”) with the City of Marion, Indiana (the “City”), to where the City has authorized the issuance of Economic Development Revenue Bonds, Series 2023 in the form of a tax increment financing bond in the amount of $44,897,000 of local incentives for the Company’s development of its 42-acre, critical mineral refining campus.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1590715/000165495423014028/0001654954-23-014028-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"City of Marion, Indiana"},{"label":"Value","value":"$44,897,000"},{"label":"Effective","value":"2023-11-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}