American Resources Corporation Appoints Josh Hawes as Independent Director

Well-established visionary leader in capital markets and strategy

Former Chief Strategy Officer of USA Rare Earth where he successfully led capital raising efforts, organizational growth and market penetration

FISHERS, IN / ACCESSWIRE / September 6, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company") a leading provider of next generation infrastructure inputs, announced today that its Board of Directors has appointed Josh Hawes as an independent director. Mr. Hawes brings over 20 years of experience in the areas of capital market construction, organizational and product strategy and driving shareholder returns. Mr. Hawes will replace Michael Layman as an independent director of the board of directors as well as a member of the Board's Audit Committee effective immediately. Mr. Layman will continue to advise the Company as a member of its Advisory Board.

Mark Jensen, Chairman and CEO of American Resources commented, "Adding Josh to the Board of Directors is a testament to the platform and organization that has been built and the number of opportunities which lie ahead. Josh brings excellence in revenue growth, establishing new markets domestically and internationally and organizational structure and governance. His vision of the demand for critical minerals and American Resources' capabilities to further expand into the sector are lockstep to the vision of the existing team. Furthermore, I couldn't be more thankful to have been able to serve with Michael Layman and the efforts and knowledge he has brought to the Company over his years of service on the Board. I am also excited that Michael will continue to advise the Company and support our growth."

Mr. Hawes most recently served as Chief Strategy Officer of USA Rare Earth from 2021 to 2023 and Chief of Staff from 2020 and 2021 where he oversaw an exceptional ten-fold increase in the company's value and spearheaded the creation of the Magnet Manufacturing Tax Credit, while leading their magnet manufacturing transition team in Stillwater, Oklahoma. Furthermore, Mr. Hawes built the first ex-China, North American magnet supply chain network through strategic partnerships and collaboration, allowing for the future capture of hundreds of millions in revenue.