secwatch.observer — SEC 8-K summary
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Issuer:     American Resources Corp (AREC)
CIK:        0001590715
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0001654954-24-004326
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AREC subsidiary closes $150M bond financing for Kentucky lithium refinery
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- ReElement Technologies closed $150M Industrial Building Revenue Bonds (Series 2024) with Hilltop Securities and Knott County, KY.
- Proceeds to fund first-of-its-kind lithium processing and refining facility near Kite, KY with initial 15,000 mt/year capacity.
- Facility will produce battery-grade lithium carbonate or lithium hydroxide using patented multi-modal chromatography.
- Estimated 113 jobs; facility designed as brownfield redevelopment on former coal mining site.
- Bonds sold to qualified institutional buyers and accredited investors only.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590715/000165495424004326/0001654954-24-004326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590715/000165495424004326/arec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-004326

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