secwatch.observer — SEC 8-K summary
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Issuer:     American Resources Corp (AREC)
CIK:        0001590715
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001654954-24-010900
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AREC Q2 net loss $6.6M; revenue falls to $4K; closes $150M bond for lithium refinery
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- Net loss of $6.6M ($0.09 EPS) vs $7.6M loss ($0.10) in Q2 2023; adjusted EBITDA loss $3.9M.
- Total revenue nearly zero at $4,095 vs $1.98M prior year due to cessation of coal sales.
- Closed $150M tax-exempt bond for Kentucky Lithium refining facility and $45M bond for Wyoming County Coal.
- Distributed 25% of American Infrastructure to shareholders; American Metals merger with AITR valued at $170M.
- ReElement Technologies expanded partnerships and secured commercial agreements with major auto manufacturer and EDP Renewables.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590715/000165495424010900/0001654954-24-010900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590715/000165495424010900/arec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-010900

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