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):

 

 

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
99.1		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

 

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