American Resources Corp 8-K, filed Dec 11, 2020
American Resources Corp (AREC)
8-K
2020-12-11
For: 2020-12-11
View Original
Added on
April 06, 2026
About this 8-K
American Resources Corp filed this 8-K on December 11, 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): December 11,
2020
AMERICAN RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
|
Florida
(State
or other jurisdiction
of
incorporation)
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000-55456
(Commission
File
Number)
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46-3914127
(I.R.S.
Employer
Identification
No.)
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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
December 11, 2020, American Resources Corporation (or the
“Company”) issued a press release announcing
its wholly owned subsidiary, American
Rare Earth LLC, has obtained Pending Certified B Corporation status
through the B Lab.
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.
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ExhibitNo.
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Description
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Press Release Dated December 11, 2020
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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: December 11,
2020
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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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Exhibit
99.1
American Resources Corporation’s Wholly Owned
Subsidiary,
American Rare Earth, Achieves Pending Certified B Corporation
Status
Company’s rare earth division hits milestone to use power of
business as a force of good and strengthen
stakeholders
December 11, 2020 | Source: American Resources
Corporation
FISHERS, INDIANA / ACCESSWIRE / December 11, 2020
/ American Resources
Corporation (NASDAQ:AREC)
(“American Resources” or the “Company”), a
next generation and socially responsible supplier of raw materials
to the new infrastructure marketplace, today announced that its
wholly owned subsidiary, American Rare Earth LLC, has obtained
Pending Certified B Corporation status through the B
Lab.
Certified B Corporations are businesses that meet the highest
standards of verified social and environmental performance, public
transparency, and legal accountability to balance profit and
purpose. B Corps are accelerating a global culture shift to
redefine success in business and build a more inclusive and
sustainable economy.
Mark Jensen, Chairman and CEO of American Resources Corporation
commented, “We’re proud that American Rare Earth has
achieved Pending B Corp status. We believe this is another example
of how we are always looking to innovate and think outside the box
to drive efficiencies and real solutions. Reestablishing our
national supply chain of rare earth elements and critical materials
is a broad problem that will take the collaboration of all
stakeholders. Our ability to produce critical raw materials in an
environmentally positive way is unique, and we are excited to do
our part in providing efficient, comprehensive solutions that also
have the highest standards of transparency, sustainability, and
social and environmental good. We believe American Rare Earth
greatly represents the type of company which qualifies as a B Corp
and to lead us in an emerging economy.”
American Rare Earth completed the B Impact Assessment (BIA) with
the B Lab, a rigorous, comprehensive and industry-specific tool
designed to measure its social and environmental impact. The BIA
measures the operational impact and impact of a company’s
business model amongst aspects such as Governance, Workers,
Community, Environment and Customers, to see if it can qualify as a
B Corporation with a pending status. American Rare Earth received a
score high enough to qualify as a Pending B Corporation and over
the next twelve months, will have the opportunity, and exciting
challenge, to work towards a Certified B Corporation by completing
the performance requirements.
American Resources continues to focus on running efficient
streamlined operations to economically deliver raw materials in the
most sustainable ways. By operating with low or no legacy
costs and having one of the largest and most innovative growth
pipelines in the industry, American Resources Corporation works to
maximize value for its investors by positioning its large asset
base to best fit a new-aged economy, while being able to scale its
operations to meet the growth of the modern infrastructure markets
it serves.
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