Highest-materiality recent filing
Dismissed GBQ Partners LLC as independent auditor on November 21, 2025; GBQ's reports for FY2023-2024 included a going concern explanatory paragraph.
ReElement Technologies receives $80M loan from OSC; Vulcan Elements receives $620M loan, both matched by private capital.
American Resources Corp. raises ~$40M in private placement of common stock and pre-funded warrants
Offering: 2,661,764 shares at $5.10 and 5,181,374 pre-funded warrants at $5.0999 each, ~$40M gross proceeds.
American Resources Corp. raises $33.7M in common stock private placement at $3.55/share
Sold 9,480,282 shares at $3.55 per share, gross proceeds of approximately $33.7 million.
AREC announces $33.7M private placement of 9.48M shares of common stock at $3.55/share
Gross proceeds ~$33.7M from sale of 9,480,282 shares at $3.55 per share; closing expected Oct 14 or 15, 2025.
American Resources regains Nasdaq minimum bid price compliance; matter closed
Received Nasdaq letter on July 28, 2025 confirming compliance with Listing Rule 5550(a)(2).
Received Nasdaq letter on April 24, 2025 for failure to timely file FY2024 10-K.
Nasdaq notified company on Feb 19, 2025 of noncompliance with $1.00 minimum bid price rule (Listing Rule 5550(a)(2)).
American Resources subsidiary AIC completes share exchange with CGrowth Capital Inc.
On January 28, 2025, American Infrastructure Corporation (AIC) completed a Share Exchange Agreement with CGrowth Capital Inc. (CGRA).
CGRA to purchase 100% of AIC common stock; AIC shareholders receive 10M newly created Series A Preferred shares.
American Resources Q3 net loss widens to $9.8M; revenue plunges to $235K from $5.8M
Net loss of $9.8M ($0.13/share) vs net loss of $274K ($0.00) in Q3 2023; adjusted EBITDA loss of $6.9M vs positive $1.27M.
AREC Q2 net loss $6.6M; revenue falls to $4K; closes $150M bond for lithium refinery
Net loss of $6.6M ($0.09 EPS) vs $7.6M loss ($0.10) in Q2 2023; adjusted EBITDA loss $3.9M.
American Resources receives Nasdaq bid price deficiency notice; cure period ends Jan 27, 2025
Stock failed to maintain minimum $1.00 bid price for 31 consecutive business days.
American Resources subsidiary to merge with SPAC AITR in $100M deal plus up to $70M earnout
American Metals LLC, subsidiary of American Resources, entered Business Combination Agreement with AI Transportation Acquisition Corp (AITR) and Electrified Materials Corp (Pubco) on June 28, 2024.
American Resources Q1 net loss $6.23M; revenue drops to $94K from $8.87M YoY
Q1 net loss $6.23M ($0.03/sh) vs. $3.1M loss ($0.04/sh) a year ago; adjusted EBITDA loss $4.84M vs. $1.59M.
American Resources dismisses auditor BF Borgers after SEC bans firm from practice
Dismissed BF Borgers as independent auditor on May 3, 2024; BF Borgers is currently banned from SEC practice under Rule 102(e).
AREC subsidiary closes $150M bond financing for Kentucky lithium refinery
ReElement Technologies closed $150M Industrial Building Revenue Bonds (Series 2024) with Hilltop Securities and Knott County, KY.
American Resources receives unsolicited proposal to spin off subsidiaries; ReElement valued at $300M
Unsolicited letter from shareholder/former board member proposes spinout/sale of American Carbon, ReElement, and Novusterra.
American Carbon acquires 51% of TR Mining for 6% equity stake valued at ~$19.3M
Acquisition of 51% interest in TR Mining's mineral deposit (iron ore, titanium, vanadium) plus exclusive offtake rights.
American Resources posts Q3 net income of $3.48M; LOIs for carbon assets total ~$300M
Net income of $3.48M ($0.05 EPS) vs loss of $5.27M ($0.08 loss) YoY; adjusted EBITDA $4.75M.
American Resources closes $44.9M bond incentive for Marion critical mineral campus
City of Marion issued $44.9M tax increment financing bond for ReElement's 42-acre refining campus.
American Resources Q2 revenue drops 88% to $1.98M; receives LOIs for carbon assets worth ~$300M
Q2 net loss of $1.0M ($0.01/share) vs $2.44M loss in Q2 2022; revenue fell to $1.98M from $16.2M.
AREC subsidiary to sell Deane Mining assets for $20.6M enterprise value
Binding LOI with Integrity Carbon Solutions for Deane Mining complex assets.
American Resources enters lithium spodumene offtake for up to 20,000 mt/month
Agreement grants right of first refusal for 5,000 metric tons/month of 6%+ lithium spodumene ore, scaling to 20,000+ mt/month.
American Resources subsidiary sells $45M bonds at 9% for rare earth and coal facility expansion
WCC sold $45M Solid Waste Disposal Facility Revenue Bonds (9% interest, due June 8, 2038) with $900K underwriting discount.
American Resources Q1 net loss $3.1M, revenue $8.87M; ReElement achieves ultra-pure lithium
Q1 2023 net loss of $3.1M ($0.04 loss per share) vs $2.75M loss in Q1 2022.
AREC reports record 2022 revenue $39.5M, Q4 net income $9.5M, adjusted EBITDA $11.4M
Full year 2022 revenue $39.5M, up >400% from $7.76M in 2021.
American Resources reduces debt by $9.9M as convertible holder converts to equity
Golden Properties converts $9,891,241 of senior convertible debentures into 9,420,230 shares of class A common stock.
American Resources files Form 10 for spin-off of ReElement Technologies
Filing of Form 10 with SEC for spin-off of ReElement into standalone public company.
Net loss $5.27M ($0.08 loss per share) vs $8.91M loss ($0.15) in Q3 2021; revenue $9.51M, up 238% YoY.
Additionally, on September 6, 2023 Michael Layman stepped down as an independent director of the board effective immediately and will assume an advisory role with the Company on its Advisory Board.
Effective September 6, 2023, the Board of Directors (the “Board”) of American Resources Corporation (or the “Company”) appointed Josh Hawes to the Board of Directors.
Max materiality 0.90 · Median 0.62 · Most common event other_material