American ResourcesNASDAQ: AREC

FISHERS, IN / ACCESSWIRE / June 10, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, announced today that, due to the Company's decision to list its wholly owned subsidiary, American Carbon Corporation, on a national exchange prior to its distribution, the Distribution Date for the previously announced special dividend has been adjusted to now occur on August 9, 2024. The special dividend of American Carbon Corporation will still be distributed to shareholders of record of American Resources as of May 27, 2024.

American Resources Corporation (AREC) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.04 per share a year ago.

American Resources Corporation will be holding a conference call on Tuesday, May 21st at 4:30 PM ET to discuss its first quarter 2024 financial results. The company specializes in supplying rare earth and critical elements, carbon, and advanced carbon materials to the infrastructure and electrification market.

The Defense Industrial Base Consortium is focused on expanding and strengthening the defense industrial base to meet national security needs. ReElement Technologies Corporation, a subsidiary of American Resources Corporation, has been accepted as a member of the DIBC. This membership will allow ReElement to demonstrate its ability to domestically produce refined defense minerals, such as rare earth elements, critical minerals, and other metals using its patented chromatography process.

American Resources (AREC) lacks the necessary factors for a potential earnings beat in its upcoming report. Be ready with the important expectations.

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American Resources Corporation (AREC) Q4 2023 Earnings Call Transcript

American Resources Corporation (AREC) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.11 per share a year ago.

American Resources' (AREC) unit and EDPR NA join forces to revolutionize wind energy recycling, leading to sustainability in renewables.