Sector: Industrials | Industry: Electrical Components & Equipment |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 12115 VISIONARY WAY, SUITE 174 FISHERS IN 46038 |
Tel: | N/A |
Website: | https://www.americanresourcescorp.com |
IR: | See website |
Key People | ||
Mark C. Jensen Chairman of the Board, Chief Executive Officer | Thomas M. Sauve President, Director | Kirk Patrick Taylor Chief Financial Officer |
Ben Kincaid Chief Executive Officer - ReElement Technologies Africa Ltd | Tarlis R. Thompson Chief Executive Officer- American Carbon |
Business Overview |
American Resources Corporation is a supplier of high raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. It has a portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia. Its subsidiaries include American Carbon Corp. American Carbon Corp has seven coal mining and processing operating subsidiaries: McCoy Elkhorn Coal LLC, Knott County Coal LLC, Deane Mining, LLC (Deane Mining), Wyoming County Coal LLC (Wyoming County), Quest Processing LLC (Quest Processing), Perry County Resources, located in eastern Kentucky and western West Virginia within the Central Appalachian coal basin, and ERC Mining Indiana Corporation (ERC) located in southwest Indiana within the Illinois coal basin. |
Financial Overview |
For the nine months ended 30 September 2023, American Resources Corp revenues decreased 52% to $16.7M. Net loss decreased 94% to $617K. Revenues reflect Coal sales decrease of 53% to $16.1M. Lower net loss reflects Development Costs decrease of 56% to $9.6M (expense), Depreciation decrease of 98% to $31K (expense), Other Income (loss) increase from $194K to $503K (income). |
Employees: | 11 as of Sep 30, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $150.95M as of Dec 31, 2023 |
Annual revenue (TTM): | $21.36M as of Dec 31, 2023 |
EBITDA (TTM): | -$18.25M as of Dec 31, 2023 |
Net annual income (TTM): | $8.34M as of Dec 31, 2023 |
Free cash flow (TTM): | $5.39M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $40.89M as of Dec 31, 2023 |
Shares outstanding: | 79,179,958 as of Apr 15, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |