American Resources Corp 8-K, filed Jan 28, 2020
American Resources Corp (AREC)
8-K
2020-01-28
For: 2020-01-28
View Original
Added on
April 06, 2026
About this 8-K
American Resources Corp filed this 8-K on January 28, 2020.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of
Report (Date of Earliest event Reported): January 28,
2020
AMERICAN RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
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Florida
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000-55456
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46-3914127
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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9002
Technology Lane, Fishers Indiana, 46038
(Address
of principal executive offices)
(317)
855-9926
(Registrant’s
telephone number, including area code)
________________________________________________
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (See: General Instruction
A.2. below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
☐
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act
(17CFR240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17CFR240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17CFR240.13e-4(c))
Item 8.01 Other Events
On
January 28, 2020, American Resources Corporation (or the
“Company”) issued a press release announcing a new
environmental partnership with Land Betterment LLC to reclaim the
Company’s non-core, idled thermal coal mine in Greene County,
Indiana.
The information presented in Item 8.01 of this Current Report on
Form 8-K and Exhibit 99.1 shall not be deemed to be
“filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liabilities of that
section, unless the Company specifically states that the
information is to be considered “filed” under the
Exchange Act or specifically incorporates it by reference into a
filing under the Securities Act of 1933, as amended, or the
Exchange Act.
A copy
of the press release is attached as Exhibit 99.1 hereto and is
incorporated herein by reference.
Item 9.01.1.
Financial Statements and
Exhibits.
(d)
Exhibits
The
following exhibits are attached hereto and filed
herewith.
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Exhibit No.
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Description
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Press Release
Dated January 28, 2020
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2
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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American Resources
Corporation
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| Date: January 28, 2020 |
By:
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/s/ Mark C.
Jensen
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Mark C. Jensen |
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Chief Executive Officer |
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3
Exhibit
99.1
American Resources Corporation Announces New Environmental
Partnership
Company Creates Partnership with Environmental Remediation and
Sustainable Community Development Company to Reclaim Thermal Coal
Mine in Indiana while Continuing Its Growth of Metallurgical Carbon
for Steelmaking
January 28, 2020 | Source: American Resources
Corporation
FISHERS, INDIANA / ACCESSWIRE / January 28, 2020
/ American Resources Corporation (NASDAQ:AREC) (“American
Resources” or the “Company”), a supplier of raw
materials to the rapidly growing global infrastructure marketplace
with a primary focus on the extraction, processing, transportation
and distribution of metallurgical carbon to the steel and specialty
metals industries, is pleased to announce a partnership with Land
Betterment LLC., a sustainable community development company that
focuses on the remediation of former coal mining sites and
upcycling the land for sustainable economic opportunities, to
reclaim the Company’s non-core, idled thermal coal mine
located within the Illinois Basin in Greene County, Indiana, known
as the Company’s Gold Star mine.
Under
the partnership, American Resources will enable Land Betterment to
sell scrap metal, facilities and associated non-pledged equipment
of the Gold Star mine to fund the complete reclamation of the prior
thermal coal mining operation. In turn, Land Betterment will
provide environmental remediation services at the mining site with
the goal of repurposing certain areas for alternative commercial or
community uses. As a result, upon completion American Resources
will reduce its total environmental bonding liabilities by
approximately $1.3 million with minimal costs to the
Company.
“We
are always looking for opportunities to reduce our environmental
liabilities and have become much more proactive in our efforts to
permanently shut down any of those liabilities associated with
thermal coal within our portfolio,” stated Mark Jensen,
Chairman and CEO of American Resources Corporation. “This
partnership provides us with a viable solution to reduce such
liabilities and will be something we could potentially expand on in
the future allowing American Resources to focus on efficiently
continuing the growth of its metallurgical carbon platform to
service the steelmaking and infrastructure markets
worldwide.”
American
Resources Corporation continues to focus on its growth objective by
efficiently leveraging its large number of core mining permits and
through identifying strategic, supplemental acquisitions. The
Company is committed to being one of the lowest cost operators in
the Central Appalachian basin (CAPP) and throughout all its carbon
mining, processing, and transportation operations.
About American Resources Corporation
American Resources Corporation is a supplier of raw materials to
the rapidly growing global infrastructure marketplace. The
company’s primary focus is on the extraction, processing,
transportation and selling of metallurgical carbon and pulverized
coal injection (PCI) to the steel industry. The company operations
are based in the Central Appalachian basin of eastern Kentucky and
southern West Virginia where premium quality metallurgical products
are located.
The company’s business model is based on running a
streamlined and efficient operation to economically extract and
deliver resources to meet its customers’ demands. By running
operations with low or no legacy costs, American Resources
Corporation works to maximize margins for its investors while being
able to scale its operations to meet the growth of the global
infrastructure market.
Website:
http://www.americanresourcescorp.com
Special Note Regarding Forward-Looking Statements
This
press release contains “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements involve known and unknown
risks, uncertainties, and other important factors that could cause
the Company’s actual results, performance, or achievements or
industry results to differ materially from any future results,
performance, or achievements expressed or implied by these
forward-looking statements. These statements are subject to a
number of risks and uncertainties, many of which are beyond
American Resources Corporation’s control. The words
“believes”, “may”, “will”,
“should”, “would”, “could”,
“continue”, “seeks”,
“anticipates”, “plans”,
“expects”, “intends”,
“estimates”, or similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain such identifying words. Any
forward-looking statements included in this press release are made
only as of the date of this release. The Company does not undertake
any obligation to update or supplement any forward-looking
statements to reflect subsequent events or circumstances. The
Company cannot assure you that the projected results or events will
be achieved.
PR Contact:
Precision
Public Relations
Matt
Sheldon
917-280-732
matt@precisionpr.co
Company Contact:
Mark
LaVerghetta
317-855-9926
ext. 0
Vice
President of Corporate Finance and Communications
investor@americanresourcescorp.com
Source:
American Resources Corporation