American Resources Corp 8-K, filed Jul 8, 2020
American Resources Corp (AREC)
8-K
2020-07-08
For: 2020-07-08
View Original
Added on
April 06, 2026
About this 8-K
American Resources Corp filed this 8-K on July 8, 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): July 8, 2020
AMERICAN RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
|
Florida
|
000-55456
|
46-3914127
|
|
(State or other
jurisdiction of
incorporation)
|
(Commission
File
Number)
|
(I.R.S.
Employer Identification
No.)
|
12115
Visionary Way, Suite 174, 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 July
8, 2020, American Resources Corporation (or the
“Company”) issued a press release announcing the
expansion of the Company’s business operations through the
its wholly owned subsidiary, American Metals LLC.
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. Financial Statements and Exhibits.
The
following exhibits are attached hereto and filed
herewith.
|
Exhibit No.
|
|
Description
|
|
|
Press Release Dated July 8,
2020
|
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.
|
|
American Resources
Corporation
|
|
|
|
|
|
|
|
|
Date: July 8,
2020
|
By:
|
/s/ Mark C.
Jensen
|
|
|
|
|
Mark C.
Jensen
|
|
|
|
|
Chief Executive
Officer
|
|
Exhibit
99.1
American Resources Corporation Expands Business Operations Through
its Wholly Owned Subsidiary, American Metals LLC
American Metals focuses on metal aggregation and processing to
recycle used steel to be sold to steel production
facilities
Deane Mining facility selected as initial location to utilize
existing infrastructure to greatly expand its metal recovery
business
July 8, 2020 | Source: American Resources
Corporation
FISHERS, INDIANA / ACCESSWIRE / July 8, 2020
/ American Resources
Corporation (NASDAQ:AREC)
(“American Resources” or the “Company”), a
supplier of raw materials to the rapidly growing global
infrastructure marketplace, announced today the expansion of its
wholly owned subsidiary, American Metals LLC (“American
Metals”) and the selection of its currently owned Deane
Mining facility in Letcher County, Kentucky as its initial rail
load out and logistics location for processed
metals.
American Metals is expanding the Company’s current metal
recovery business and will aggregate, process and transport used
steel to be recycled and sold to traditional and electric arc
furnace steel production facilities. The Company is committed to
maximizing the value in everything it does and will utilize the
existing infrastructure at its Deane Mining facility which provides
excellent access and capabilities, including logistics, a skilled
workforce and the ability to haul and aggregate metal from a wide
range of locations.
“We
are thrilled to have the opportunity to leverage the existing
capabilities of our already owned assets to efficiently expand our
business and solidify our position as a leading supplier of raw
materials to the growing global infrastructure market,”
stated Tom Sauve, President of American Resources. “Along
with a growing revenue line for the Company and diversifying our
business, American Metals helps us to achieve two other important
corporate initiatives, 1) bettering the environment and 2)
expanding our services that we can offer our customer base. A
primary source of used steel recovery will come from decommissioned
thermal coal mining operations in the region and will assists in
land reclamation efforts.”
American
Resources is keen on efficiently and effectively utilizing all
asset bases to supply customers in the steel industry with raw
materials to manufacture steel products in the most sustainable way
while focusing on building out its full suite of infrastructure
related business lines. The Company is slightly refining the
staging and processing area at Deane Mining to accommodate greater
volumes of metal and is currently working to expand and / or
relocate its fleet of equipment to be used in the processing and
loading process. The Company is also putting in place all necessary
procedures and approvals needed with CSX Transportation to bring
this site into operation in short order.
Mr. Sauve continued, “The selection of our Deane Mining
facility to be the initial location of American Metals was a
no-brainer for us. Deane Mining is centrally located to large
sources of used steel, including many decommissioned thermal
coal mining operations and has access
to our first-class rail facility which will streamline logistics.
We also have access to a large, skilled workforce in the area who
have been displaced by the decline in the thermal coal
industry. We applaud our team and their ability to adapt to
a rapidly changing industry, and we believe it sets us apart from
our peers. Lastly, we are truly excited about using this location
to clean up the environment while also creating good jobs for the
local community.”
About American Resources Corporation
American Resources Corporation is a supplier of high-quality raw
materials to the rapidly growing global infrastructure market. The
Company is focused on the extraction and processing of
metallurgical carbon, an essential ingredient used in steelmaking.
American Resources has a growing portfolio of operations located in
the Central Appalachian basin of eastern Kentucky and southern West
Virginia where premium quality metallurgical carbon deposits are
concentrated.
American Resources has established a nimble, low-cost business
model centered on growth, which provides a significant opportunity
to scale its portfolio of assets to meet the growing global
infrastructure market while also continuing to acquire operations
and significantly reduce their legacy industry risks. Its
streamlined and efficient operations are able to maximize margins
while reducing costs. For more information visit
americanresourcescorp.com or connect with the Company on
Facebook,
Twitter, and
LinkedIn.
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
917-280-7329
matt@precisionpr.co
Investor Contact:
JTC
Team, LLC
Jenene
Thomas
833-475-8247
AREC@jtcir.com
Company Contact:
Mark
LaVerghetta
317-855-9926
ext. 0
Vice
President of Corporate Finance and Communications
investor@americanresourcescorp.com
Source:
American Resources Corporation