Recent 8-K filings for AREC

• November 21, 2025, 6:59 PM ET other material materiality 0.60 negative item 4.01item 9.01 ◈ Auditor Changes ×2

  American Resources dismisses auditor GBQ, cites going concern and material weaknesses in prior reports

  Dismissed GBQ Partners LLC as independent auditor on November 21, 2025; GBQ's reports for FY2023-2024 included a going concern explanatory paragraph.

• November 3, 2025, 6:59 PM ET other material materiality 0.75 positive item 7.01item 9.01

  ReElement announces $1.4B partnership with U.S. Dept of War and Vulcan for rare earth magnet supply chain

  ReElement Technologies receives $80M loan from OSC; Vulcan Elements receives $620M loan, both matched by private capital.

• October 17, 2025, 7:59 PM ET other material materiality 0.75 neutral item 1.01item 3.02item 8.01item 9.01

  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.

• October 15, 2025, 7:59 PM ET other material materiality 0.70 neutral item 1.01item 3.02item 8.01item 9.01

  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.

• October 14, 2025, 7:59 PM ET other material materiality 0.80 neutral item 1.01item 3.02item 8.01item 9.01

  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.

• July 28, 2025, 7:59 PM ET regulatory materiality 0.60 positive item 8.01item 9.01

  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).

• May 1, 2025, 7:59 PM ET regulatory materiality 0.60 negative item 3.01item 9.01

  Nasdaq notifies American Resources Corporation of late 10-K filing; 60 days to submit compliance plan

  Received Nasdaq letter on April 24, 2025 for failure to timely file FY2024 10-K.

• February 24, 2025, 6:59 PM ET regulatory materiality 0.65 negative item 3.01item 9.01

  American Resources receives Nasdaq deficiency notice for bid price under $1.00; must cure by Aug 18, 2025

  Nasdaq notified company on Feb 19, 2025 of noncompliance with $1.00 minimum bid price rule (Listing Rule 5550(a)(2)).

• February 4, 2025, 6:59 PM ET M&A materiality 0.90 neutral item 1.01item 9.01

  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).

• January 6, 2025, 6:59 PM ET M&A materiality 0.80 neutral item 1.01item 9.01

  American Resources subsidiary AIC to merge into CGrowth Capital; AIC shareholders get 92% of CGRA stock

  CGRA to purchase 100% of AIC common stock; AIC shareholders receive 10M newly created Series A Preferred shares.

• November 14, 2024, 6:59 PM ET earnings materiality 0.75 negative item 2.02item 9.01

  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.

• August 19, 2024, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01

  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.

• August 2, 2024, 7:59 PM ET regulatory materiality 0.75 negative item 3.01item 9.01

  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.

• July 2, 2024, 7:59 PM ET M&A materiality 0.75 neutral item 1.01item 7.01item 9.01

  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.

• May 21, 2024, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01

  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.

• May 6, 2024, 7:59 PM ET other material materiality 0.80 negative item 4.01item 9.01 ◈ Auditor Changes

  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).

Earnings & guidance

Materiality & sentiment trend

Max materiality 0.90 · Median 0.60 · Most common event other_material

3 positive 10 negative 15 neutral

source · AREC on sec.gov