Company research
American Resources Corp
CIK 1590715Updated Oct 8, 2026
SecurityAREC · NASDAQ · equity
Historical securities (1)
ARECW · OTC · warrant · closed Aug 27, 2024Name history
NGFC Equities, Inc. · through Feb 15, 2017NATURAL GAS FUELING & CONVERSION INC. · through May 7, 2015
AREC price & chart
Loading TradingView…
NASDAQ:AREC on TradingView ↗About the company
American Resources Corporation (“AREC”), a Florida corporation, is a diversified holding company focused on the critical and rare earth element, infrastructure, and carbon technology markets. Our strategy is built on securing and advancing assets that are essential to the global energy transition and modern infrastructure, including mineral resource properties, processing technologies, and intellectual property.
In the news
Seeking Alpha
Russell 2000 estimated to drop 83 stocks in December rebalance - Stephens ↗
American Resources forms Indo-Pacific unit to lead Malaysia rare earth expansion ↗
American Resources: Interesting Assets, But Too Much Success Is Priced In ↗
SEC disclosures
American Resources Corp files 8-K: Material Event ↗
Recent filings
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Items 3.01, 9.01
Entry into a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets
Items 1.01, 2.01, 9.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Items 3.01, 9.01
Changes in Registrant's Certifying Accountant · Non-Reliance on Previously Issued Financial Statements or a Related Audit Report
Items 4.01, 4.02, 9.01
Changes in Registrant's Certifying Accountant · Non-Reliance on Previously Issued Financial Statements or a Related Audit Report
Items 4.01, 4.02, 9.01
Show 5 more recent filings
Other Events
Items 8.01
Other Events
Items 8.01
Regulation FD Disclosure
Items 7.01, 9.01
10-K filing
NT 10-Q filing
Financials
FY 2025 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q3 2023 | Q2 2024 | Q2 2023 | Q1 2025 | Q1 2024 | Q1 2023 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 202,357,184Source | 211,600,853Source | 102,920,131Source | 195,519,282Source | 100,079,249Source | 203,616,313Source | 216,093,881Source | 49,496,597Source | 168,907,706Source | 205,871,933Source | 91,746,164Source | 55,916,349Source |
| Property, Plant and Equipment, NetUSD | 16,716,914Source | 17,489,780Source | 11,688,155Source | 42,356,775Source | 9,027,465Source | 17,321,728Source | 11,202,362Source | 9,303,457Source | 143,069Source | 18,296,477Source | 15,337,004Source | 9,113,722Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,081,780Source | 840,330Source | — | 554,416Source | — | 24,623Source | — | — | 31,701,916Source | 604,485Source | — | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | 4,390,828Source | — | — | — | — | 1,694,929Source | — | — | 0Source | 660,755Source |
| Inventory, NetUSD | 1,078,289Source | 2,029,812Source | 2,166,526Source | 2,029,812Source | 711,226Source | 1,078,289Source | 129,991Source | 2,959,511Source | — | 959,989Source | 54,000Source | 446,690Source |
| Assets, CurrentUSD | 8,395,953Source | 5,714,703Source | 12,352,376Source | 4,450,229Source | 6,387,571Source | 8,630,626Source | 4,820,194Source | 5,748,761Source | 134,264,713Source | 11,325,039Source | 34,885,493Source | 10,762,587Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,165,154Source | 1,866,001Source | — | 1,866,001Source | — | 1,127,207Source | 2,521,646Source | — | 2,635,151Source | 1,145,826Source | 1,867,651Source | — |
| Operating Lease, Right-of-Use AssetUSD | 640,180Source | 734,786Source | 563,914Source | — | 591,967Source | 686,915Source | 530,103Source | 613,094Source | 459,091Source | 712,352Source | 545,449Source | 13,033,889Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 297,419,289Source | 265,985,869Source | 88,223,908Source | 241,135,129Source | 89,343,753Source | 289,261,435Source | 235,894,876Source | 42,148,774Source | 75,718,780Source | 286,923,743Source | 91,522,320Source | 55,631,653Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 8,452Source | 7,742Source | 7,627Source | 7,742Source | 7,622Source | 8,046Source | 7,732Source | 7,622Source | 10,692Source | 7,802Source | 7,627Source | 6,680Source |
| Additional Paid in CapitalUSD | 195,414,969Source | 182,761,566Source | 178,533,973Source | 182,012,925Source | 178,056,886Source | 188,469,652Source | 165,111,534Source | 177,680,313Source | 305,124,968Source | 186,407,169Source | 178,910,546Source | 167,517,259Source |
| Retained Earnings (Accumulated Deficit)USD | -276,098,376Source | -234,599,584Source | -163,845,377Source | -226,097,239Source | -167,329,012Source | -272,557,878Source | -184,920,261Source | -170,340,112Source | -210,358,542Source | -265,905,115Source | -178,694,329Source | -167,239,243Source |
| Stockholders' Equity Attributable to ParentUSD | -80,674,955Source | -51,830,276Source | 14,696,223Source | -44,076,572Source | 10,735,496Source | -84,080,180Source | — | 7,347,823Source | 94,777,118Source | -79,490,144Source | 223,844Source | 284,696Source |
| Liabilities and EquityUSD | 202,357,184Source | 212,600,853Source | 102,920,131Source | 195,519,282Source | 100,079,249Source | 203,616,313Source | 216,093,881Source | 49,496,597Source | 168,907,706Source | 205,871,933Source | 91,746,164Source | 55,916,349Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 84,784,677Source | 24,607,101Source | 16,207,388Source | 19,268,062Source | 16,204,988Source | 85,969,779Source | 15,958,730Source | 21,843,507Source | 61,210,368Source | 84,802,847Source | 18,070,562Source | 27,436,768Source |
| Operating Lease, Liability, CurrentUSD | 192,637Source | 87,898Source | 5,407,406Source | 57,299Source | 4,919,257Source | 95,308Source | 59,691Source | 3,962,155Source | 139,918Source | 91,576Source | 57,663Source | 3,889,235Source |
| Accounts Payable, CurrentUSD | 4,756,378Source | — | 4,331,281Source | — | — | 8,959,649Source | — | — | — | 9,014,288Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | 598,353Source | 703,899Source | 7,773,155Source | 611,951Source | 8,870,661Source | 651,915Source | 480,004Source | 6,696,914Source | 453,179Source | 677,168Source | 495,611Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -14,387,150Source | -1,554,740Source | — | -1,539,275Source | — | -1,564,942Source | — | — | -1,588,192Source | -1,561,666Source | — | — |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 392,314Source | 514,844Source | 142,881Source | 495,915Source | 142,882Source | 549,442Source | 146,101Source | 110,705Source | 391,401Source | 606,941Source | 512,558Source | 106,886Source |
| Long-term Debt, Current MaturitiesUSD | 1,503,328Source | 804,656Source | — | 804,656Source | — | 2,077,328Source | — | 839,730Source | — | 2,077,328Source | — | 1,917,506Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 965,286Source | — | — | — | — | — | — | — | 965,286Source | — | — | — |
| Short-term InvestmentsUSD | 0Source | 151,326Source | — | — | — | 0Source | — | — | 40,470,151Source | 587,357Source | 30,297,204Source | — |
| Other Assets, Noncurrent | — | — | —Source | — | —Source | — | — | —Source | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q4 2023 | Q3 2025 | Q3 2024 | Q2 2024 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -7,700,713Source | — | -6,600,752Source | -6,656,039Source | -7,021,123Source | 55,385,211Source | -39,338,806Source | -11,455,086Source | 1,445,672Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | — | — | — | — | —Source | —Source | — | — | — | —Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 518,624Source | 986,132Source | 9,235,377Source | 3,725,484Source | — | — |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | — | 0Source | — | — | 660,755Source | -2,514,880Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | 118,300Source | 0Source | — | 829,998Source | 392,690Source | 446,690Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | — | -2,172,024Source | — | 6,052,168Source | 1,876,680Source | — |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 16,191,904Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -1,434,850Source | -4,750,471Source | — | -21,243,213Source | -14,515,241Source | 6,074,995Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | 151,647,765Source | -143,804,697Source | — | -125,400,361Source | -28,833,246Source | -7,640,668Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | — | — | — | 1,059,062Source | — | — |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 76,799Source | 148,233,077Source | — | 145,679,343Source | 37,387,162Source | -31,611Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | — | — | — | — | 1,112,850Source | 2,214,601Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | — | — | — | — | — | -1,597,284Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | 6,700,475Source | 12,490,069Source | 169,553,258Source | 154,403,043Source | 4,755,469Source | — | 4,113,329Source | 7,034,370Source | 10,990,829Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | — | — | — | 23,166Source |
| Additional Financial Items | ||||||||||||
| Accretion ExpenseUSD | — | — | — | 247,877Source | 247,992Source | 248,291Source | 248,291Source | 249,016Source | — | — | 993,165Source | 1,344,047Source |
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | 874,080Source | — | 560,393Source | — | — | 1,129,717Source | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | 28,912Source | 25,407Source | — | 112,143Source | 52,500Source | — |
| Amortization of Intangible AssetsUSD | — | — | — | 303,917Source | 307,970Source | 311,685Source | 303,918Source | 307,294Source | — | 1,235,932Source | 1,240,914Source | 1,238,449Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | — | 247,877Source | 247,992Source | — | 248,291Source | 249,016Source | — | 991,520Source | 993,165Source | — |
| DepreciationUSD | — | — | — | 516,373Source | 568,914Source | 519,445Source | 512,332Source | 550,640Source | 122,916Source | 2,185,332Source | 46,953Source | 2,157,763Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | — | — | — | — | — | — | — | — | — | 4,510,043Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | 0Source | 0Source | — | 0Source | 400,000Source | — | 400,000Source | — | — |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | — | — | — | — | — | 0Source | — | — | 0Source | 0Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | -5,193,382Source | — | 0Source | -3,046,062Source |
| Gain (Loss) on Disposition of Assets for Financial Service OperationsUSD | — | — | — | — | — | — | — | — | — | — | -8,475,468Source | — |
| General and Administrative ExpenseUSD | — | — | — | 2,536,051Source | 6,252,844Source | 2,888,344Source | 3,207,512Source | 3,722,671Source | 9,557,890Source | 21,024,382Source | 7,013,833Source | 4,020,464Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | -8,979Source | -163,355Source | -16,385Source | -10,866Source | -214,975Source | -84,063Source | -409,268Source | — | — |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 0Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | -7,700,713Source | -10,626,440Source | -6,600,752Source | -6,656,039Source | -7,021,123Source | 55,385,211Source | -39,250,992Source | 11,455,086Source | -1,445,672Source |
| Nonoperating Income (Expense)USD | — | — | — | -3,317,087Source | -1,796,989Source | — | -1,672,606Source | -290,938Source | -6,525,961Source | -7,107,678Source | — | 312,179Source |
| Operating ExpensesUSD | — | — | — | 4,383,791Source | 9,064,894Source | 6,233,513Source | 5,015,360Source | 6,824,204Source | 11,308,535Source | 32,614,362Source | 28,166,408Source | 63,471,633Source |
| Operating Lease, ExpenseUSD | — | — | — | 120,995Source | 159,244Source | — | 224,717Source | 68,855Source | 605,927Source | — | — | — |
| Other Interest and Dividend IncomeUSD | — | — | — | — | — | — | — | — | 559,476Source | — | — | — |
| Other Nonoperating Income (Expense)USD | — | — | — | — | 185,158Source | -371,334Source | 86,583Source | 96,913Source | -61,927Source | 221,471Source | -32,753Source | — |
| Other Operating Income (Expense), NetUSD | — | — | — | — | -32,101Source | 60,490Source | — | 251,639Source | — | — | 423,281Source | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 68,123,675Source | — | — | — |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 45,000,000Source | — | — | — | — | 2,563,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | 0Source | 156,898Source | — | 156,900Source | — | — |
| Stock or Unit Option Plan ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 1,506,292Source | 1,742,145Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | -4,455Source | -26,819Source | — | -45,514Source | 499,639Source | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q4 2023 | Q3 2025 | Q3 2024 | Q2 2024 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | — | 165Source | 235,443Source | 4,095Source | 31,927Source | 94,019Source | 0Source | 383,234Source | 16,744,075Source | 39,474,269Source |
| Cost of Goods and Services Sold | — | — | — | —Source | —Source | — | —Source | —Source | — | — | — | —Source |
| Gross Profit (Calculated) · Derived | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Income (Loss)USD | — | — | — | -4,383,626Source | -8,829,451Source | -6,229,418Source | -4,983,433Source | -6,730,185Source | -11,308,535Source | -32,231,128Source | -11,422,333Source | -23,997,364Source |
| Other Nonoperating Income (Expense)USD | — | — | — | — | 185,158Source | -371,334Source | 86,583Source | 96,913Source | -61,927Source | 221,471Source | -32,753Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | -17,834,496Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 0Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | -7,700,713Source | -10,626,440Source | -6,600,752Source | -6,656,039Source | -7,021,123Source | 55,385,211Source | -39,250,992Source | 11,455,086Source | -1,445,672Source |
| Earnings Per Share, DilutedUSD per share | — | — | — | -0.05Source | -0.14Source | — | -0.08Source | -0.09Source | 0.63Source | -0.51Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | — | — | — | — | — | — | — | — | 75,422,390Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | — | 84,305,073Source | 77,400,289Source | — | 78,952,630Source | 76,374,434Source | 87,274,415Source | 77,222,990Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | 303,917Source | 307,970Source | 311,685Source | 303,918Source | 307,294Source | — | 1,235,932Source | 1,240,914Source | 1,238,449Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 0Source | — | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | — | — | 550,640Source | — | — | — | — | 2,157,763Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | — | — | — | — | — | 0Source | — | — | 0Source | 0Source |
| General and Administrative ExpenseUSD | — | — | — | 2,536,051Source | 6,252,844Source | 2,888,344Source | 3,207,512Source | 3,722,671Source | 9,557,890Source | 21,024,382Source | 7,013,833Source | 4,020,464Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | — | -4,401,503Source | -10,610,975Source | -6,615,089Source | -6,652,763Source | -6,941,363Source | 55,411,737Source | — | — | -1,445,672Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | — | — | — | — | — | — | -0.2Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | -8,979Source | -163,355Source | -16,385Source | -10,866Source | -214,975Source | -84,063Source | -409,268Source | — | — |
| Interest ExpenseUSD | — | — | — | 1,980,211Source | 1,966,461Source | 418,493Source | 1,752,496Source | 662,679Source | — | 8,021,459Source | 1,336,997Source | 1,426,153Source |
| Interest Income, OperatingUSD | — | — | — | — | — | — | — | — | — | — | — | 30,982Source |
| Interest Income, OtherUSD | — | — | — | 9,932Source | 147,669Source | 3,054Source | 4,173Source | 489,803Source | 577,526Source | 1,101,578Source | 381,324Source | — |
| Nonoperating Income (Expense)USD | — | — | — | -3,317,087Source | -1,796,989Source | — | -1,672,606Source | -290,938Source | -6,525,961Source | -7,107,678Source | — | 312,179Source |
| Operating ExpensesUSD | — | — | — | 4,383,791Source | 9,064,894Source | 6,233,513Source | 5,015,360Source | 6,824,204Source | 11,308,535Source | 32,614,362Source | 28,166,408Source | 63,471,633Source |
| Operating Lease, ExpenseUSD | — | — | — | 120,995Source | 159,244Source | — | 224,717Source | 68,855Source | 605,927Source | — | — | — |
| Other IncomeUSD | — | — | — | — | — | — | — | — | — | 221,471Source | — | — |
| Other Interest and Dividend IncomeUSD | — | — | — | — | — | — | — | — | 559,476Source | — | — | — |
| Other Operating Income (Expense), NetUSD | — | — | — | — | -32,101Source | 60,490Source | — | 251,639Source | — | — | 423,281Source | — |
Offerings
Registration 333-291108
Filing attachments
arec_ex991.htm · 8-K · 2026-07-24
EX-99.1 2 arec_ex991.htm PRESS RELEASE arec_ex991.htm EXHIBIT 99.1 American Resources Corporation Declares Special Cash Dividend to Shareholders Following Strategic Transformation Board Returns Capital While Continuing to Invest in High-Growth Critical Mineral Opportunities Company Believes Current Market Valuation Does Not Reflect the Value of Its Cash Position, Strategic Investments and Critical Mineral Platform July 24, 2026 | Source: American Resources Corporation FISHERS, INDIANA …
Read attachment ↗