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EX-99.1 - EARNINGS RELEASE DATED OCTOBER 30, 2020 - American Resources Corp | arec_ex991.htm |
8-K - CURRENT REPORT - American Resources Corp | arec_8k.htm |
Exhibit
99.2
American Resources Corporation Reaffirms Its Commitment to
Environmental, Social and Governance Excellence
The Company outlines both its successes as well as its goals and
commitments to bring real and lasting positive change to the
communities in which it operates
October 29, 2020 | Source: American Resources
Corporation
FISHERS, INDIANA / ACCESSWIRE / October 29, 2020
/ American Resources
Corporation (NASDAQ:AREC)
(“American Resources” or the “Company”), a
next generation, and socially responsible, supplier of raw
materials to the new infrastructure marketplace, today reiterated
its future commitment to Environmental, Social and Governance (ESG)
initiatives as it expands its operations and business, and provided
an overview of the positive impacts the Company has achieved to
date.
Mark Jensen, Chairman and CEO of American Resources Corporation
commented, “By unveiling our comprehensive sustainability
plan, our shareholders and stakeholders can begin to understand the
immense priority we place upon sustainability and proper
environmental stewardship. The team we have built brings a wide
breadth of experiences to our Company, enabling us to look at all
areas that can drive value to our shareholders and the communities
in which we operate. We see the next ten years as an opportunity
for us to separate American Resources from the pack as we expand
our carbon production, metal recycling and critical elements
divisions, while continuing to advance innovation within our
industry with a goal of setting the standard for environmental
efforts.”
Highlighted ESG achievements since inception include:
●
Received
environmental bond releases of over 7,000 net impacted
acres.
●
Efficiently reduced
bonded environmental liabilities by over $20,000,000 that were
acquired from previously bankrupt companies.
●
Eliminated supply
chain redundancies and inefficiencies at operations to reduce fuel
consumptions and overall waste.
●
Received the
Sentinels of Safety Award, the nation’s most prestigious
award recognizing the nation’s safest mines.
●
Average pay for our
employees is over 200% more than the minimum wage in the region,
with over $45 million in direct payroll paid over the last four
years.
●
Independent Board
with diverse skills and experience including a distinct committee
specifically dedicated to environmental and safety.
Jensen continued, “Publishing a one-time
ESG policy doesn’t go far enough in terms of our
commitment. Therefore, we are committed to routinely updating our
shareholders and stakeholders about the real and measurable results
from our team’s progress in this
effort.”
To see the additional details of the past successes as well as
American Resources’ pledge for the future, visit:
https://www.americanresourcescorp.com/esg
About American Resources Corporation
American Resources Corporation is a supplier of high-quality raw
materials to the rapidly growing global infrastructure market. The
Company is focused on the extraction and processing of
metallurgical carbon, an essential ingredient used in steelmaking.
American Resources has a growing portfolio of operations located in
the Central Appalachian basin of eastern Kentucky and southern West
Virginia where premium quality metallurgical carbon deposits are
concentrated.
American Resources has established a nimble, low-cost business
model centered on growth, which provides a significant opportunity
to scale its portfolio of assets to meet the growing global
infrastructure market while also continuing to acquire operations
and significantly reduce their legacy industry risks. Its
streamlined and efficient operations are able to maximize margins
while reducing costs. For more information visit
americanresourcescorp.com or connect with the Company on
Facebook,
Twitter, and
LinkedIn.
Special Note Regarding Forward-Looking Statements
This
press release contains “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. 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
American Resources Corporation’s control. 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.
PR Contact:
Precision
Public Relations
Matt
Sheldon
917-280-7329
matt@precisionpr.co
Investor Contact:
JTC
Team, LLC
Jenene
Thomas
833-475-8247
AREC@jtcir.com
Company Contact:
Mark
LaVerghetta
317-855-9926
ext. 0
Vice
President of Corporate Finance and Communications
investor@americanresourcescorp.com
Source:
American Resources Corporation