American Resources Corp 8-K, filed Sep 17, 2020
American Resources Corp (AREC)
8-K
2020-09-17
For: 2020-09-17
View Original
Added on
April 06, 2026
About this 8-K
American Resources Corp filed this 8-K on September 17, 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): September 17,
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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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
September 17, 2020, American Resources Corporation (or the
“Company”) issued a press release announcing the
expansion of the Company’s wholly owned subsidiary, American
Metals LLC, with the commencement of a railcar and metal recycling
service partnership.
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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Exhibit No.
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Description
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Press Release Dated September
17, 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: September 17,
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 Commences Railcar and Metal
Recycling Service Partnership
Through wholly owned subsidiary, American Metals LLC, the Company
is able to further clean up the environment by processing retired
coal railcars to be recycled
Partnership enables company to generate revenue and create further
diversification for stakeholders
Company is poised to be one of the fastest growing U.S. suppliers
of raw materials to serve long-term steel markets driven by global
infrastructure demand
September 17, 2020 | Source: American Resources
Corporation
FISHERS, INDIANA / ACCESSWIRE / September 17, 2020
/ American Resources
Corporation (NASDAQ:AREC)
(“American Resources” or the “Company”), a
supplier of raw materials to the rapidly growing global
infrastructure marketplace, today announced that, in conjunction
with a third-party metal aggregating and processing company, it has
begun receiving and processing retired coal railcars to be recycled
for their metal content and reused for alternative, modern-day
purposes. American Metals LLC’s partnership provides for the
allocation and processing of the decommissioned railcars, and the
Company is initially utilizing certain areas of its Indiana
property, including its rail spur, for storing and staging areas
for the railcars to be processed and ultimately transported to be
recycled.
Mark Jensen, Chairman and CEO of American Resources Corporation
commented, “As an important part of our overall strategy of
being a leading supplier of raw materials to the growing global
infrastructure space, we continue to find ways to expand our metal
recovery business. Our innovation provides us with various ways of
maximizing the value of our assets, and our goal of broadening the
raw material products we can offer our valued customer base. By
leveraging our American Metals subsidiary and continuing to
buildout our business lines in forward-looking industries that
supply the infrastructure market, we believe we have the ability to
not only expand our revenue but also create further diversification
for our shareholders.”
The Indiana property is a decommissioned thermal coal mine located
in Greene County, Indiana that is currently undergoing a complete
environmental reclamation and remediation. It once served as a
baseload supplier of thermal coal to a regional utility provider
however, with the transition away from coal-based fuels, it became
an unviable mine. Given its centralized location among various coal
fields and regional steel mills, it has proven to be ideal for an
aggregation and processing location for the railcars to be recycled
and reused in the steel markets.
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 committed to continuing its
efforts to identify operational efficiencies in its ongoing goal to
be one of the lowest cost operators and responsible stewards of the
environment in Central Appalachia and throughout all its mining,
processing, and transportation operations.
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