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American Resources Corp

NYSE:AREC
US$1.63Close 7 Oct 2026 · delayed

Past year: ▼ 58%(1.63 – 3.85 USD)

Market cap
A$247m
Shares on issue
107m
Story beats
20 since 2018
Last event
29 July 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

29 July 2026financial restatement▼ BadMajor

American Resources clarified the timeline behind its auditor non-reliance episode: it fired GreenGrowth on June 30, 2026 after the firm refused to complete standard predecessor-auditor procedures, GreenGrowth then withdrew its opinion on the 2025 financials on July 13, and UHY was brought in to redo the 2025 audit and 2026 quarterly reviews.

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24 July 2026dividend declaration▲ GoodMajor

American Resources declared its first special cash dividend, $0.0431 per share, saying the market undervalues its cash position, strategic investments and critical-minerals platform - a notable shift for a company whose history has been dominated by dilutive financings.

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24 July 2026financial restatement▼ BadMajor

American Resources dismissed GreenGrowth CPAs as its auditor after GreenGrowth withdrew its opinion on the company's 2025 financial statements - meaning investors should no longer rely on those figures - and engaged UHY to re-audit fiscal 2025.

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30 Apr 2026listing compliance notice▼ Bad

American Resources again failed to timely file its annual report - this time for fiscal 2025 - telling Nasdaq the delay reflects the deconsolidation of certain operations and a streamlined business structure.

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16 Jan 2026listing compliance notice▼ Bad

American Resources again fell out of compliance with Nasdaq's annual-meeting requirement, the same rule it had been cited for in 2021, calling the delay administrative rather than a sign of shareholder or board discord.

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21 Nov 2025auditor change▼ Bad

American Resources dismissed GBQ Partners as its auditor after about 18 months - its fourth auditor change in five years - with GBQ's opinions still carrying a going-concern qualifier but no disagreements.

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30 May 2025listing compliance notice● Neutral

American Resources received a Nasdaq notice over a late first-quarter 2025 10-Q, but had already filed it the day before the notice arrived.

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1 May 2025listing compliance notice▼ Bad

American Resources received a Nasdaq notice for failing to timely file its fiscal 2024 annual report, saying it was still working with its audit firm to complete it.

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24 Feb 2025listing compliance notice▼ Bad

American Resources received another Nasdaq minimum-bid-price deficiency notice, the same recurring $1.00 threshold issue, with a cure period into August 2025.

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4 Feb 2025material agreement▲ GoodMajor

American Resources closed the reverse merger of American Infrastructure Corporation into CGrowth Capital, with AIC becoming a wholly owned subsidiary of CGrowth and AIC's shareholders holding preferred stock convertible into 92% of CGrowth.

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6 Jan 2025material agreement▲ GoodMajor

American Resources' majority-owned American Infrastructure Corporation subsidiary signed a binding term sheet to be acquired by small public company CGrowth Capital, with AIC's shareholders receiving preferred stock convertible into 92% of CGrowth - effectively a reverse merger that would give American Resources and AIC's other holders control of a public vehicle.

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2 Aug 2024listing compliance notice▼ Bad

American Resources' stock again fell below Nasdaq's $1.00 minimum bid price for 31 straight days, triggering the same type of deficiency notice it first received in 2019, with a cure period into January 2025.

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2 July 2024business combination▲ GoodMajor

American Resources' American Metals subsidiary, a metals-recycling business, agreed to go public through a merger with Nasdaq-listed SPAC AI Transportation Acquisition Corp, valuing the combined company at about $170 million on a pro forma basis.

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10 May 2024auditor change● Neutral

American Resources appointed GBQ Partners as its new independent auditor.

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6 May 2024auditor change▼ Bad

American Resources dismissed BF Borgers CPA PC as its auditor; BF Borgers' prior opinions carried a going-concern qualifier but no disagreements - the dismissal came amid a wider wave of small-cap companies dropping BF Borgers around the time regulators moved against the firm for widespread audit failures.

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8 Apr 2024material agreement▲ GoodMajor

American Resources' ReElement subsidiary closed a $150 million Kentucky industrial revenue bond to build a new lithium refining facility in Knott County designed to produce 15,000 metric tons per year of battery-grade lithium.

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12 Feb 2024material agreement▲ Good

American Resources' American Carbon subsidiary bought a 51% stake in Jamaica-based T.R. Mining & Equipment, which holds an iron ore, titanium and vanadium deposit estimated at over 200 million tons of feedstock, paying with about 6% of American Carbon's own stock.

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9 Nov 2023material agreement▲ GoodMajor

American Resources closed a $44.9 million tax-increment-financing bond from the City of Marion, Indiana to fund ReElement's planned 42-acre critical-mineral refining campus for battery-grade lithium and rare-earth elements.

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4 Aug 2023material agreement▲ Good

American Resources signed a binding letter of intent to sell assets of its Deane Mining complex (via subsidiary American Carbon) to Integrity Carbon Solutions for about $20.6 million in upfront and deferred payments plus assumed reclamation bonds.

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8 June 2023material agreement▲ Good

American Resources signed a right-of-first-refusal supply agreement with South Africa's Clay Resources for 5,000 (scaling to 20,000) metric tons per month of lithium spodumene ore to feed its ReElement refining process.

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1 June 2023material agreement▲ GoodMajor

American Resources' Wyoming County Coal subsidiary agreed to sell $45 million of tax-exempt West Virginia industrial revenue bonds at 9% interest, funding expansion of its metallurgical carbon processing plant and new rare-earth processing capacity.

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6 Feb 2023material agreement▲ GoodMajor

Golden Properties, American Resources' last remaining convertible-debt holder, converted its full ~$9.9 million balance into 9.4 million shares, eliminating the last of the company's convertible debt.

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27 Oct 2022material agreement termination▲ GoodMajor

American Resources bought back Heritage's 7.5% stake in ReElement Technologies (formerly American Rare Earth) and ended their collaboration agreement, making ReElement wholly owned again, while announcing plans to spin ReElement off as its own standalone public company.

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6 Sept 2022material agreement▲ GoodMajor

American Resources sold its graphene and carbon-nanostructure patent rights outright to Novusterra for $16 million in Novusterra stock, while installing its own people - including two doctorate-level scientists - as Novusterra's CEO, CTO and chairman, effectively deepening rather than ending its control of the venture.

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22 Aug 2022material agreement● Neutral

American Resources' American Carbon subsidiary took out a $15 million non-dilutive, equipment-secured loan from Maxus Capital Group at an effective rate of about 14.5%.

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7 Apr 2022material agreement▲ Good

American Resources signed a binding letter of intent to buy all of Energy Technologies Inc., a rare-earth and battery-metals analysis equipment maker, for $1.5 million cash upfront, $500,000 more deferred, and $3 million in company stock.

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14 Jan 2022material agreement▲ GoodMajor

American Resources' rare-earth subsidiary, American Rare Earth (later renamed ReElement Technologies), sold a 7.5% stake plus a warrant to HG Ventures, the venture arm of The Heritage Group, under a strategic partnership meant to help source feedstock and build out sales and industry relationships for its planned rare-earth refining business.

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8 Oct 2021production update▲ Good

American Resources restarted its McCoy Elkhorn processing complex and Carnegie 1 mine, securing initial sales contracts as metallurgical coal prices hit their strongest levels since 2006-2007.

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5 Apr 2021material agreement▲ GoodMajor

American Resources licensed its graphene and carbon-nanostructure patents to newly formed Novusterra Inc. in exchange for 50% ownership and 87.5% voting control of Novusterra, plus half of its future operating income - opening a new technology venture the company would control.

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8 Jan 2021listing compliance notice▼ Bad

American Resources received a Nasdaq notice for not holding an annual shareholder meeting within 12 months of its fiscal year-end, and submitted a plan to regain compliance.

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