---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-014358"
form_type: "8-K"
ticker: "AREC"
cik: "0001590715"
company_name: "American Resources Corp"
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:36:34.910740+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# American Resources posts Q3 net income of $3.48M; LOIs for carbon assets total ~$300M

## Summary
- Net income of $3.48M ($0.05 EPS) vs loss of $5.27M ($0.08 loss) YoY; adjusted EBITDA $4.75M.
- Revenue $5.83M, down 39% YoY from $9.51M; coal sales $5.72M.
- Entered LOIs to sell American Carbon assets for total ~$300M (~$3.84/share).
- ReElement achieved ultra-pure Li2CO3 at 99.96% from spodumene ore; closed $44.9M incentives for Marion, IN refinery.
- Converted ReElement to corporation for spinoff under ticker RLMT; closed SPAC merger with RMCO.

## SEC filing metadata
- accession: 0001654954-23-014358
- form_type: 8-K
- ticker: AREC
- cik: 0001590715
- company_name: American Resources Corp
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1590715/000165495423014358/0001654954-23-014358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590715/000165495423014358/arec_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-014358
- JSON: https://secwatch.observer/filing/0001654954-23-014358.json
- Plain text: https://secwatch.observer/filing/0001654954-23-014358.txt

## Key facts
- Earnings Releases
  American Resources Corp reported third quarter of 2023 results: net income $3.48 million, EPS $0.05.
  - Period: third quarter of 2023
  - Net income: $3.48 million
  - EPS: $0.05
  - Result: reported results
  source text: American Resources Corporation Reports Third Quarter 2023 Financial Results and Provides Business Outlook Company reports a 165% YoY increase in net income of $3.48 million and EPS of $0.05 for the third quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590715/000165495423014358/0001654954-23-014358-index.htm

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