American Resources Corporation’s American Carbon Corporation Provides Updated Rare Earth Analysis From West Virginia Project

Total grade of rare earth and critical minerals exceed 550 ppm from its Wyoming County, WV property as certified by an independent third-party lab

Critical and rare earth minerals will be concentrated alongside premium mid vol metallurgical carbon production as a byproduct to its core operations, significantly reducing costs of concentration step

FISHERS, IN / ACCESSWIRE / April 1, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced updated results of its rare earth deposits at its Wyoming County Coal project in West Virginia with over 550 ppm as verified from an independent third-party laboratory. The ongoing project development is being funded by the Company's previously announced $45 million tax exempt bond.

Tarlis Thompson, CEO of American Carbon Corporation commented, "Our team has laid the foundation for this project as one of the largest, low cost, mid vol metallurgical carbon facilities with inherent high-grade rare earth and critical mineral concentration. Extraction of rare earth minerals from nontraditional sources are extremely challenging to make economical as a standalone business. However, integrating it within a premium mid vol met carbon operation utilizing byproduct economics and innovative technology changes the cost structure for it to be viable. Our focus on building concentration facilities alongside profitable metallurgical carbon extraction and processing operations enables us to significantly lower costs and utilize byproduct economics to unlock the value of traditional wasted material. We are extremely excited to share that the analysis conducted from this site exceeds 550 ppm. As we push forward on this exciting project, we are also looking to further expand our footprint in West Virginia to replicate our efficient model to extract metallurgical coal and concentrate rare earth minerals as a byproduct to feed into our ReElement Technologies division for the final separation purification and refinement step."