olivLaw · US equity research
American Resources Corporation AREC
Silver Ores · SIC 1220 · Vertical: Coal mining (SIC 122x)
American Resources Corporation (AREC) is a Fishers, Indiana company that began as a fuel station operator and now focuses on critical minerals, metal recycling and metallurgical coal. In 2025 it reported no revenue from metal recovery and sales, so losses and financing remain central themes and the outlook depends on resuming revenue-generating activity.
At the close of 04 Nov 2026, American Resources Corporation (AREC) stock was 1.00 USD (−6.48% on the day), with market capitalisation 106.5 m USD, P/E 1.6 on diluted EPS of 0.63 USD over the last 12 months, beta 1.72, 52-week range 1.00–4.37 USD. Latest reported quarter (Q4 2025): revenue of -45.3 k USD, net income of 78.4 m USD, diluted EPS 0.77 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 25.3
- oversold (≤ 30)
- Bollinger (20, 2)
- 0.87 – 1.56
- in the lower half of the band · %B 0.18 · band width 56.4%
- SMA 50 / 200
- 1.74 / 2.31
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.18 / -0.20
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −42.8% | −2.0% | −40.8 pp | — |
| 3 months | −53.5% | −2.2% | −51.3 pp | — |
| 6 months | −58.2% | +4.3% | −62.4 pp | — |
| Year to date | −59.8% | +10.6% | −70.4 pp | — |
| 1 year | −74.8% | +10.5% | −85.2 pp | −1.6% |
| 3 years | −28.3% | +73.7% | −102.0 pp | −13.5% |
| 5 years | −55.9% | +61.7% | −117.7 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2025 · 31 Dec 2025
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 94.0 k | 4.1 k | 235.4 k | -299.5 k | 31.9 k | — | 165 | -45.3 k |
| Cost of revenue | 976.5 k | — | 437.6 k | — | 182.0 k | — | 68.4 k | — |
| Operating income | -6.7 m | -6.2 m | -8.8 m | 9.8 m | -5.0 m | — | -4.4 m | 4.8 m |
| Depreciation & amortisation | 32.5 k | — | — | — | 550.6 k | — | — | — |
| Interest expense | 662.7 k | 418.5 k | 2.0 m | 2.4 m | 1.8 m | — | 2.0 m | — |
| Net income | -7.0 m | -7.0 m | -10.6 m | -10.4 m | -6.7 m | -8.7 m | -7.7 m | 78.4 m |
| Diluted EPS | -0.09 | — | -0.14 | -0.14 ≈ | -0.08 | — | -0.05 | 0.77 ≈ |
| Operating cash flow | -4.8 m | -8.5 m ≈ | -4.3 m ≈ | -3.7 m | -1.4 m | — | — | — |
| Capex | — | — | -482.6 k ≈ | 892.8 k | — | — | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 1-quarter history (min 3.9, median 3.9, max 3.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | ⚠ 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31.5 m | 24.5 m | 1.1 m | 7.8 m | 39.5 m | 11.8 m | 34.1 k | 0 |
| Revenue YoY | +51.4% | −22.4% | −95.7% | +631.8% | +409.0% | — | −99.7% | −100.0% |
| Net income | -12.8 m | -70.9 m | -10.3 m | -32.5 m | -1.4 m | -38.5 m | -39.2 m | 55.4 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | — | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | unavailable | unavailable | unavailable | -0.51 | -0.51 | 0.63 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | — | unavailable | unavailable |
| net % | -40.5% | -289.7% | -967.8% | -419.1% | -3.7% | -325.9% | -115,068.9% | unavailable |
| Free cash flow | -3.5 m | -19.5 m | unavailable | unavailable | unavailable | -23.1 m | -22.3 m | unavailable |
The series breaks before 2023: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 31.7 m USD
- Financial debt
- 965.3 k USD
- Net debt
- -30.7 m USD
- Equity
- 93.2 m USD
- Total assets
- 168.9 m USD
- Debt / equity
- 0.01x
- Current ratio
- 2.19x
- ROE
- unavailable
- ROA
- 24.6%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.1 m | 7.8 m | 39.5 m | 11.8 m | 34.1 k | 0 | SEC (XBRL)· 20 May 2026verified |
| Cost of revenue | 3.7 m | 7.1 m | 21.7 m | — | — | — | SEC (XBRL)· 31 Mar 2023verified |
| Gross profit | -2.7 m ≈ | 666.4 k ≈ | 17.8 m ≈ | — | — | — | SEC (XBRL)· 31 Mar 2023derived |
| Operating income | -16.4 m | -28.3 m | -19.5 m | -36.4 m | -14.2 m | -11.3 m | SEC (XBRL)· 20 May 2026verified |
| Depreciation & amortisation | 1.9 m | 2.0 m | 2.2 m | — | — | — | SEC (XBRL)· 31 Mar 2023verified |
| EBITDA | -14.6 m ≈ | -26.4 m ≈ | -17.3 m ≈ | — | — | — | SEC (XBRL)· 15 Apr 2024derived |
| Interest expense | 3.4 m | 4.2 m | 1.4 m | 2.0 m | 8.0 m | — | SEC (XBRL)· 02 Jun 2025verified |
| Pre-tax income | — | — | — | -562.7 k | -16.0 m | -17.8 m | SEC (XBRL)· 20 May 2026verified |
| Income tax | — | — | — | — | 0 | 0 | SEC (XBRL)· 20 May 2026verified |
| Net income | -10.3 m | -32.5 m | -1.4 m | -38.5 m | -39.2 m | 55.4 m | SEC (XBRL)· 20 May 2026verified |
| Diluted EPS | — | — | — | -0.51 | -0.51 | 0.63 | SEC (XBRL)· 20 May 2026verified |
| Weighted average diluted shares | — | — | — | 75.1 m | 77.2 m | 87.3 m | SEC (XBRL)· 20 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 11.2 m | 12.6 m | 11.0 m | 1.3 m | 201.5 k | 31.7 m | SEC (XBRL)· 20 May 2026verified |
| Receivables | 38.7 k | 3.2 m | 660.8 k | 0 | — | — | SEC (XBRL)· 15 Apr 2024verified |
| Inventories | 150.5 k | 0 | 446.7 k | 130.0 k | 960.0 k | — | SEC (XBRL)· 02 Jun 2025verified |
| Current assets | 11.2 m | 15.3 m | 12.8 m | 37.8 m | 92.9 m | 134.3 m | SEC (XBRL)· 20 May 2026verified |
| Property, plant & equipment, net | 22.5 m | 22.9 m | 9.1 m | 20.7 m | 228.7 k | 143.1 k | SEC (XBRL)· 20 May 2026verified |
| Total assets | 38.4 m | 42.9 m | 55.9 m | 64.7 m | 281.7 m | 168.9 m | SEC (XBRL)· 20 May 2026verified |
| Accounts payable | 4.3 m | 3.2 m | 4.9 m | 4.4 m | 9.0 m | — | SEC (XBRL)· 02 Jun 2025verified |
| Short-term debt | 11.0 m | 5.3 m | 1.9 m | 804.7 k | 2.1 m | — | SEC (XBRL)· 02 Jun 2025verified |
| Long-term debt | 14.3 m | — | — | — | 0 | 965.3 k | SEC (XBRL)· 20 May 2026verified |
| Current liabilities | 20.9 m | 16.5 m | 27.4 m | 78.3 m | 166.4 m | 61.2 m | SEC (XBRL)· 20 May 2026verified |
| Total liabilities | 58.4 m | 45.1 m | 55.6 m | 109.7 m | 362.6 m | 75.7 m | SEC (XBRL)· 20 May 2026verified |
| Equity | -20.0 m | 0 | -19.9 m | -45.0 m | -80.9 m | 93.2 m | SEC (XBRL)· 20 May 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -13.8 m | -29.1 m | 2.5 m | -19.5 m | -21.2 m | — | SEC (XBRL)· 24 Oct 2025verified |
| Capex | — | — | — | 3.6 m | 1.1 m | — | SEC (XBRL)· 24 Oct 2025verified |
| Free cash flow | — | — | — | -23.1 m ≈ | -22.3 m ≈ | — | SEC (XBRL)· 24 Oct 2025derived |
| Investing cash flow | 417.9 k | -5.9 m | -1.1 m | -31.7 m | -125.4 m | — | SEC (XBRL)· 24 Oct 2025verified |
| Financing cash flow | 24.4 m | 36.4 m | -1.0 m | 45.3 m | 145.7 m | — | SEC (XBRL)· 24 Oct 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 35.4% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 106.5 m USD
Key indicators
Coverage and freshness
Score by group
35% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 8.84 – 10.02 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E8.84 – 10.02 (Mid 9.25)4 companies used · median multiple 14.7x · quartiles 14.0x – 15.9xARLP, HCC, NC, NRP
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | -25.6% | 0 (on a fixed band) | 18% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -1.4x | 0 (on a fixed band) | 18% |
| Current ratio · Balance sheet | 2.2x | 100 (on a fixed band) | 12% |
| P/E (TTM) · Valuation | 1.6x | 100 (vs peers) | 29% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -13.3% | 0 (on a fixed band) | 24% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation56/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
AMERICAN RESOURCES CORPORATION (AREC). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 0 USD in 2025; YoY growth -100.0%; ROE 718.3%.
The estimated value range is 8.84–10.02 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 9.25 USD, the price of 1.00 USD leaves a potential of 828.6% (value / price − 1) and a margin of safety of 89.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 2.2x
- P/E (TTM): 1.6x
- The price is below the estimated value range
What contradicts it
- FCF conversion: -25.6%
- Interest coverage: -1.4x
- FCF yield: -13.3%
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Coal mining (SIC 122x) · same industry group (3-digit SIC) · compared with 8 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| HCCWarrior Met Coal, Inc. | 4.3 bn | 19.5 | 10.0% | 13.0% | −14.1% | +3% / +45% |
| CNRCore Natural Resources, Inc. | 4.0 bn | 40.4 | 2.7% | 2.3% | +86.2% | +0% / −25% |
| ARLPAlliance Resource Partners LP | 3.2 bn | 12.2 | — | 12.3% | −10.4% | +3% / +20% |
| BTUPeabody Energy Corp | 2.1 bn | — | -5.0% | -4.3% | −8.9% | −38% / −29% |
| AMRAlpha Metallurgical Resources, Inc. | 2.0 bn | — | -3.0% | -2.2% | −28.0% | −3% / −45% |
| NRPNatural Resource Partners LP | 1.6 bn | 14.7 | — | — | −16.6% | +13% / +55% |
| METCRamaco Resources, Inc. | 310.0 m | — | -15.0% | -12.2% | −19.5% | −56% / −57% |
| ARECAmerican Resources Corporation | 106.5 m | 1.6 | 718.3% | — | −100.0% | −75% / −28% |
| NCNACCO Industries, Inc. | — | 14.6 | 4.1% | 6.2% | +16.6% | −30% / −2% |
1- and 3-year price returns: for AREC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
American Resources Corporation (AREC) is a Fishers, Indiana company that began as a fuel station operator and now focuses on critical minerals, metal recycling and metallurgical coal. In 2025 it reported no revenue from metal recovery and sales, so losses and financing remain central themes and the outlook depends on resuming revenue-generating activity.
SWOT
Strengths
- The company has a diversified portfolio of mining, recycling and purification assets, and its chromatographic separation technology is presented as a cost and environmental advantage.
- Access to asset-backed bond financing for a coal project shows an ability to attract capital for specific developments.
- Partnerships with companies in the battery and magnet supply chains could widen access to customers in the electrification industry.
Weaknesses
- In 2025 the company generated no revenue from metal sales, and operating expenses remained high.
- The group structure changed through deconsolidations, which makes year-on-year comparison difficult.
- A small number of direct employees may limit the capacity to execute several projects at once.
Opportunities
- Demand for domestic sources of rare earths and battery minerals could support contracts with equipment makers.
- If magnet and battery recycling expands, the recovered metals division could return to revenue.
- If the planned spin-offs are completed, each entity could attract investors with its own profile.
Threats
- Pressure on coal prices and production cuts could weigh on the mining division.
- If financing becomes more expensive or harder to obtain, development plans could be postponed.
- Competition from better-resourced producers and from China could limit the company's positions.
Risks
- No recurring revenuehigh
The company recorded no revenue from metal recovery in 2025, and a return to activity depends on strategic and market factors.
- Reliance on external financinghigh
Operating cash flow was negative in 2025, and the company relies on existing cash, debt and equity issuance.
- Litigationmedium
The company incurred litigation expense in 2025 and is subject to routine proceedings detailed in its financial statement notes.
- Changes in accounting perimetermedium
The deconsolidation of American Infrastructure and ReElement can make year-on-year comparison harder.
- Regulation and global economic conditionsmedium
The report notes regulatory uncertainty and global economic conditions that can influence mineral prices.
Investment thesis
What would need to be true (bull case)
- If the rare earth and recycling partnerships turn into contracts, the company could return to revenue within a short period.
- The purification technology could become an advantage if demand for domestic sources independent of China grows.
- The planned spin-offs could unlock the value of the divisions if each entity secures its own funding.
What would break the thesis
- With no sales revenue, the company depends on outside capital, which can lead to dilution for shareholders.
- If coal prices stay under pressure, the mining division could keep generating losses.
- Frequent structural changes and deconsolidations can make it hard to assess the real results of the business.
What to watch
- Resumption of recovered metal sales and mining activity2026
- Completion of the ReElement and American Infrastructure spin-offs2026
- Use of financing raised and evolution of debtQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company was formed to build a chain of gasoline, diesel and natural gas fueling stations, but its activity later shifted toward mining and processing. Through American Infrastructure Corporation it controls six coal mining and processing subsidiaries in the Central Appalachian and Illinois coal basins, producing metallurgical coal for steel and other industries. Through Electrified Materials Corporation and ReElement Technologies it pursues metal recovery and the purification of rare earth and critical elements 12. At the end of fiscal 2025 it had 7 direct employees and a cash balance of $31,701,916, a figure to be read alongside its losses and the deconsolidation of some entities 1.
Segments
Metallurgical and PCI coal (American Infrastructure)
The coal subsidiaries produce metallurgical coal for steelmaking and pulverized coal injection products, as well as high-BTU, low sulfur bituminous coal. According to the annual report these assets were historically central to revenue, but in 2025 there were no metal recovery sales and the deconsolidation of American Infrastructure at year end changes the reporting perimeter 1.
Market context
The annual report describes the markets for critical minerals, recycled metals, metallurgical coal and rare earths as dependent on pricing, regulatory uncertainty and global economic conditions. Coal consumption and production in the U.S. have been shaped by the global economy, a strong U.S. dollar and production cuts 1. The company says it can produce its elements at competitive costs, but if project development is delayed its position in these markets could remain limited 2.
Trends
- Rebuilding the critical mineral supply chaintailwind
Company releases point to partnerships for rare earth magnets and battery recycling, against a backdrop of demand for domestic sources independent of China. If these partnerships turn into contracts they could support future revenue.
- Weaker coal demand and production cutsheadwind
The annual report links coal performance to production cuts and a strong dollar, factors that can compress prices and volumes sold.
- Debt and equity financingmixed
Liquidity in 2025 was supported by equity issuances, warrant exercises and other financing, while financing obligations increased interest expense. Continued access to capital may be decisive for the company's plans.
- Separation of assets into standalone entitiesmixed
The company has pursued spin-offs to unlock value in its divisions, but the deconsolidation of some entities at the end of 2025 makes year-on-year comparison harder.
Competitive position
The annual report names as principal domestic competitors producers of coal and critical minerals such as MP Materials, Lithium Americas, Ramaco Resources, Arch Resources, Contura Energy and Warrior Met Coal. Many of these have greater financial resources and larger deposit bases. The company also competes with producers in China, Australia, Colombia, Indonesia and South Africa 1.
- MP MaterialsMP
Rare earth producer named as a principal domestic competitor in the annual report.
- Lithium AmericasLAC
Critical mineral company, focused on lithium, named as a domestic competitor.
- Ramaco ResourcesMETC
U.S. metallurgical coal producer cited among principal competitors.
- Arch ResourcesARCH
Coal producer with U.S. assets, named among competitors.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- REX American Resources (REX) Notches A Record Quarter, Then Doubts Creep InYahoo Finance — News · 13 Sept 2026 · EN
- REX American Resources (REX) Q2 2026 Earnings Call TranscriptYahoo Finance — News · 09 Sept 2026 · EN
- American Resources joins Critical Minerals Institute as inaugural Platinum memberYahoo Finance — News · 03 Sept 2026 · EN
- REX American Resources Corporation Q2 2027 Earnings Call SummaryYahoo Finance — News · 02 Sept 2026 · EN
- REX American Resources Q2 Earnings Call HighlightsYahoo Finance — News · 02 Sept 2026 · EN
- REX American Resources Corporation Q2 2026 Earnings Call SummaryYahoo Finance — News · 02 Sept 2026 · EN
- American Resources' ReElement adds seven executivesYahoo Finance — News · 24 Aug 2026 · EN
The latest news item in our archive is from 13 Sept 2026; the newest SEC filing is from 07 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report07 Oct 2026Delisting notice · Financial statements and exhibits
- Current report05 Oct 2026Material agreement · Acquisition or disposition of assets · Financial statements and exhibits
- Current report26 Aug 2026Delisting notice · Financial statements and exhibits
- Current report (amendment)29 Jul 2026Item 4.01 · Non-reliance on financial statements · Financial statements and exhibits
- Current report24 Jul 2026Item 4.01 · Non-reliance on financial statements · Financial statements and exhibits
- Current report24 Jul 2026Other events
- Current report21 Jul 2026Other events
- Current report04 Jun 2026Regulation FD disclosure · Financial statements and exhibits
- Annual report20 May 2026
- Current report30 Apr 2026Delisting notice · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / American Resources Corporation · 20 May 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / American Resources Corporation · 14 Nov 2024
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.