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8-K - CURRENT REPORT - American Resources Corp | arc_8k.htm |
Exhibit 99.1
American Resources Corporation Records Record Revenue for August
2018
September 10th,
2018 | Source:
American Resources Corp.
FISHERS, INDIANA / ACCESSWIRE / September 10th,
2018 / American Resources Corporation (OTCQB: AREC) is
pleased to announce that it has achieved record coal sales and
revenues for the month of August, 2018. After the record month of
August, the company is announcing unaudited year-to-date gross
revenue of $19,839,633, with four more months to go in the year.
This result compares to $20,820,998 for the full-year 2017 gross
revenue.
The
increase in revenue was partially a result of a series of new mines
going into production in mid-2018 (the Wayland Surface mine, the
Razorblade Surface mine and Jeffery Mine), along with stronger
performance at two of the company’s existing underground
mines (Mine #15 and Access Energy). American Resources Corporation
expects the Razorblade Surface mine to continue to increase
production during the remainder of 2018, with the goal of hitting
full production in the fourth quarter of this year.
“We
are pleased with the overall progress and growth of our
company”, stated Kirk Taylor, Chief Financial Officer of
American Resources Corporation. “While we have been very
strategic in how we expand our production from our various
operations, we are starting to see the benefits of our plan take
hold. We look forward to the potential for continued growth and
expansion as we further execute our operating
plan.”
American
Resources Corporation continues to focus on its growth objective by
efficiently leveraging its 35 core mining permits and through
identifying strategic, supplemental acquisitions. The company is
committed to being one of the lowest cost operators in CAPP and
throughout all its coal mining, processing, and transportation
operations.
About American Resources Corporation
American
Resources Corporation is engaged in diversified energy services
including mining, processing and logistics, with a primary focus on
traditional energy sources such as coal and oil and gas. American
Resources Corporation plans to expand its business by continuing to
develop its currently leased properties and further expanding its
processing and logistics business, and through the pursuit of
strategic acquisitions.
Website:
http://www.americanresourcescorp.com
Contact:
Mark
LaVerghetta, Vice President of Corporate Finance and
Communications investor@americanresourcescorp.com
Special
Note Regarding Forward-Looking Statements
This
press release contains forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties, and
other important factors that could cause the Company’s actual
results, performance, or achievements or industry results to differ
materially from any future results, performance, or achievements
expressed or implied by these forward-looking statements. These
statements are subject to a number of risks and uncertainties, many
of which are beyond the control of the Company. The words
“believes”, “may”, “will”,
“should”, “would”, “could”,
“continue”, “seeks”,
“anticipates”, “plans”,
“expects”, “intends”,
“estimates”, or similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain such identifying words. Any
forward-looking statements included in this press release are made
only as of the date of this release. The Company does not undertake
any obligation to update or supplement any forward-looking
statements to reflect subsequent events or circumstances. The
Company cannot assure you that the projected results or events will
be achieved.
Source:
American Resources Corporation