American Resources Corp 8-K, filed Feb 16, 2021
American Resources Corp (AREC)
8-K
2021-02-16
For: 2021-02-16
View Original
Added on
April 06, 2026
About this 8-K
American Resources Corp filed this 8-K on February 16, 2021.
Items reported
- Item 7.01: Regulation FD disclosure
- 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): February 16,
2021
AMERICAN RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
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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 7.01. Regulation FD Disclosure
On
February 16, 2021, American Resources Corporation (or the
“Company”) issued a press release announcing
that it has signed exclusive licenses
with Ohio University expanding its patent and technology base to be
used for rare earth element (“REE”) and critical
mineral separation as well as the future production of graphene and
advanced carbon products. Pursuant to the licensing agreement,
American Resources has the exclusive domestic rights, and the
exclusive option on international rights for the following
patents:
●
Coal
Electrolysis: Hydrogen, Liquid Fuels, and Carbon Nanotubes
Production
●
Simultaneous
Removal of Ammonia, Urea, and Metals from Water
●
Methods
for the Synthesis of Graphene from Coal, Carbon Chars, and Carbon
Solid Sources
●
Roll-to-Roll
Transfer of Graphene and Substrate Recovery
The licensed suite of technologies is centered around the use of
electrolysis for the separation and processing of carbon, coal
waste and carbon byproducts, including fly ash as a
feedstock.
The information presented in Item 7.01 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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Exhibit No.
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Description
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Press Release Dated February 16, 2021
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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: February 16,
2021
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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 Signs Exclusive Licenses for
Rare
Earth Mineral Processing and Graphene Patents from
Ohio
University
Patents and technologies enhance the Company’s
“Capture. Process. Purify.” technology chain for rare
earth mineral production
The processing technology utilizes coal, coal byproduct and fly ash
electrolysis for rare earth separation, graphene, hydrogen, liquid
fuels and carbon nanotubes production
February 16, 2021 | Source: American Resources
Corporation
FISHERS, INDIANA / ACCESSWIRE / February 16, 2021
/ 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 it has
expanded its patent and technology base to be used for rare earth
element (“REE”) and critical mineral separation as well
as the future production of graphene and advanced carbon products.
The suite of patents was originally developed by Dr. Gerardine
Botte, the
current Whitacre Department Chair in Chemical Engineering at Texas
Tech University, an independent board member of
American Resources Corporation and Chief Technical Officer of
Advanced Carbon Materials, a subsidiary of American Resources
Corporation. Dr. Botte developed and patented these technologies
when she served as Ohio University’s Distinguished
Professor and Russ Professor of Chemical and Biomolecular
Engineering.
Pursuant to the licensing agreement, American Resources has the
exclusive domestic rights, and the exclusive option on
international rights for the following patents:
●
Coal
Electrolysis: Hydrogen, Liquid Fuels, and Carbon Nanotubes
Production
●
Simultaneous
Removal of Ammonia, Urea, and Metals from Water
●
Methods
for the Synthesis of Graphene from Coal, Carbon Chars, and Carbon
Solid Sources
●
Roll-to-Roll
Transfer of Graphene and Substrate Recovery
Dr. Botte comments, “I am excited and anxious to get started
on commercializing these patents that I have put my heart and soul
into developing and refining. These patents and further work we are
conducting with electrolysis lives at the heart of the
“Process” stage of American Rare Earth’s
“Capture-Process-Purify” technology chain that we have
been building as a company. The amazing aspect of electrolysis is
that it will not only help us separate and improve our rare earth
oxide concentrate, but it can also be a profit center from the
byproducts derived during the operation and be an overall
environmentally positive process.”
The licensed suite of technologies is centered around the use of
electrolysis for the separation and processing of carbon, coal
waste and carbon byproducts, including fly ash as a feedstock. The
ability to utilize the technology to process and separate metals
and ions from water and other materials acts as a complimentary
process to chromatography, which has been identified as the final
stage of the Company’s purification and isolation technology.
Additionally, this technology has the ability to provide a clean
and viable solution for fly ash reprocessing and mitigate potential
long term environmental issues for existing and former coal fired
power plants. During the rare earth separation process the Company
will also have the ability to create high-value byproducts to be
used to offset costs or drive profits such as graphene, purified
carbon, purified fly ash and hydrogen.
Mark Jensen, CEO of American Resources Corporation added,
“Several years ago, we set out to achieve an efficient and
environmentally safer way to produce critical and rare earth
elements through recycling and reprocessing waste streams and
materials in the domestic market. Today we can officially say that
this technology and these patents that we have secured from Ohio
University, with the assistance of their great team, significantly
enhances our process chain of technologies at a worldwide
competitive cost structure. When building our “Capture.
Process. Purify.” technology chain, we laser focused in on
securing this technology and bringing Dr. Botte in as a team
member. We are fortunate to build this team and secure these
technologies at a time when innovation is needed to meet the
electrification market needs as well as our national security. Now,
our focus is squarely on commercializing our process chain and
letting the bright minds we have brought together to execute on our
collective vision for the future –make the United States
energy independent inclusive of the electrification
market.”
American Resources continues to focus on running efficient
streamlined operations in being a new-aged supplier of raw
materials to the infrastructure and electrification marketplace in
the most sustainable of 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 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
Matt
Sheldon, Precision Public Relations, 917-280-7329, matt@precisionpr.co
Investor Contact
Jenene
Thomas, JTC Team, LLC, 833-475-8247, AREC@jtcir.com
Todd
McKnight, RedChip Companies Inc., 800-733-2447, Info@redchip.com
Company Contact
Mark
LaVerghetta, Vice President of Corporate Finance and
Communications, 317-855-9926 ext. 0, investor@americanresourcescorp.com
Source:
American Resources Corporation