American Resources Corp (OQ:AREC)

Business Focus: Electrical Components & Equipment

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
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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

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