American Resources Corp. raises $33.7M in common stock private placement at $3.55/share

American Resources Corp

Sold 9,480,282 shares at $3.55 per share, gross proceeds of approximately $33.7 million.
Proceeds to fund domestic critical mineral processing, coal waste extraction, and a 10k MT magnet manufacturing facility.
Maxim Group LLC acted as sole placement agent; cash fee of 7% of gross proceeds plus up to $100k expense reimbursement.
Directors and officers subject to 60-day lock-up; company restricted from equity issuances for same period.
Company to file resale registration statement for the shares within 15 days of closing.

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