American Resources Corp

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.

financial restatement

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.

dividend declaration

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.

financial restatement

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.

material agreement

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.

material agreement

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.

business combination

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.

material agreement

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.

material agreement

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.

material agreement

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.

material agreement

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.

material agreement termination

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.

material agreement

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.

material agreement

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.

material agreement

American Resources closed its purchase of Cambrian Holding's Kentucky coal-mining subsidiaries out of bankruptcy, taking over Perry County Coal and its affiliates.

asset acquisition disposition

American Resources agreed to buy several Kentucky coal-mining subsidiaries of bankrupt Cambrian Holding Company - Perry County Coal, Bear Branch Coal, Ray Coal and Whitaker Coal - through a court-supervised bankruptcy sale.

material agreement

American Resources priced a $4.0 million underwritten stock offering and uplisted from the over-the-counter market to the Nasdaq Capital Market under the ticker AREC, a significant step up in the company's public-market standing.

material agreement

the exchange certified American Resources Corp's securities for listing, clearing them to begin trading.

listing compliance notice

American Resources closed its purchase of the Synergy Coal properties in West Virginia, amended its charter to raise authorized shares to 260 million, and saw holders convert 90% of its Series A Preferred stock into common shares.

asset acquisition disposition

American Resources extinguished a $17.8 million related-party payable owed to Quest Mgmt LLC dating back to a 2015 agreement, meaningfully cleaning up its balance sheet.

material agreement termination