American Resources Corporation·Energy

American Resources Corp (NASDAQ:AREC) earlier this week outlined its strategy to build a diversified global critical minerals platform as the company continues its transition away from legacy coal operations and toward rare earth supply chain opportunities. Speaking with Proactive, chief executive Mark Jensen said the company had transformed its balance sheet significantly over the past year, moving from negative shareholder equity of roughly $80 million to positive equity of approximately $93 million following the divestiture of legacy assets and the spinout of ReElement Technologies.

American Resources Corp (NASDAQ:AREC) announced that its affiliated minority company ReElement Technologies has formed a joint venture with South Korea's POSCO International to develop an integrated rare earth refining and permanent magnet manufacturing operation in the United States. The companies plan to invest about $200 million in the project, which is intended to establish a domestic supply chain spanning feedstock sourcing, separation, purification, and refining, and permanent magnet production.

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$200 Million Joint Venture Establishes End-to-End Rare Earth Supply Chain from Feedstock to Magnet Manufacturing Strategic U.S.-South Korea Partnership Advancing a Secure, Resilient, and Diversified Allied Supply Chain for Defense, Energy, and Advanced Technologies JV expands on Existing Strategic Partnership and Long-Term Offtake Agreement Between ReElement and POSCO International FISHERS, IN / ACCESS Newswire / May 22, 2026 / American Resources Corporation (NASDAQ:AREC) ("American Resources") through its affiliated minority holding in ReElement Technologies Corporation ("ReElement"), a leading U.S.-based innovator in rare earth and critical mineral refining, today announced that ReElement has formed a joint venture with POSCO International Corporation ("POSCO International"), a global leader in materials trading and industrial development, to develop integrated rare earth element and permanent magnet production in the United States. A formal signing ceremony took place on May 21, 2026 in Washington, D.C.

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American Resources Corporation engages in the extraction, processing, transportation, distribution, and sale of metallurgical coal to the steel industries. The company supplies raw materials; and sells coal used in pulverized coal injections. It has a portfolio of operations located in the Pike, Knott, and Letcher Counties in Kentucky; and Wyoming County, West Virginia. American Resources Corporation was founded in 2006 and is headquartered in Fishers, Indiana.