Attached files
Exhibit
99.3
American Resources Corporation Forms Strategic Advisory
Board
Advisory Board will be comprised of leading experts with diverse
industry backgrounds supporting Carbon, Metals and Critical / Rare
Earth
Randal Stephenson, a 3-year member of the Company’s Board of
Directors, will transition to assist and guide the Advisory Board
as its inaugural member
November 25, 2020 | Source: American Resources
Corporation
FISHERS, INDIANA / ACCESSWIRE / November 25, 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 announced the
formation of a Strategic Advisory Board to aid in the advancement
of its streamlined and efficient operations to economically deliver
raw materials products through leveraging expertise of diverse
industry backgrounds. The Strategic Advisory Board function is an
informal committee that will assist the Company in its overall
development and growth as well as strengthening its specific
industry footprints. The goal of the Advisory Board is to provide
relationship support, industry support and overall guidance and
insights into American Resources’ growth cycles of all three
divisions.
Randal Stephenson, a valued member of the Company’s Board of
Directors, will transition as the founding member of the Strategic
Advisory Board to lead and guide its development. As a member of
the Company’s Board for the last three years, Mr. Stephenson
has played an instrumental role in helping guide American Resources
through its public offering as well as capital raising the Company
has achieved to-date.
Mark Jensen, Chairman and CEO of American Resources Corporation
commented, “We are very excited to expand our capabilities,
team and knowledge base with the creation of our Strategic Advisory
Board. As a member of our Board over the course of the past three
years, Randal played a hand in the growth of American Resources
into a diversified producer of metallurgical carbon, metal
recycling and critical / rare earth element development. He has
proven to be a team player that has helped the Company through
multiple acquisitions, financings and restructurings over the
years, and we’re excited to have someone of his caliber lead
this important initiative. As we continue to speak with and seek
additional members to bolster the knowledge and expertise of this
Strategic Advisory Board, we look forward to building on the
momentum and unlocking the potential for innovation and
modernization of our industry.”
American Resources will look to add individuals that can provide
expertise and guidance as it advances at the holding company level
as well as the three divisions described below:
●
American Carbon - A producer and
processor of met carbon, PCI and stoker products to the new steel
and infrastructure marketplace. The Company puts a large emphasis
on efficiencies within its operations to ensure a low cost, high
quality production base for many generations to come.
●
American Metals - An aggregator and
processor of used steel primarily for the electric arc furnace
marketplace. The Company is focused on establishing efficient
supply chains to provide its customer base high volumes of
processed steel, largely from sources that no longer fits a modern
day economy, to be recycled into new steel for a variety of
purposes.
●
American Rare Earth - An environmentally
positive solution to the production, concentration and processing
of critical and rare earth elements. The division is focused on
restoring the rare earth supply chain back to the United States in
the most cost effective, environmentally positive and socially
conscious way. The division plans on producing and selling rare
earth concentrate in the 2021 fiscal year with the goal of building
the first processing facility in the eastern part of the U.S. to
process to the element level.
American
Resources Corporation is focused on running a streamlined and
efficient operation to economically deliver raw materials products
to meet its customers’ demands. By operating with low or no
legacy costs and having one of the largest and most innovative
growth pipelines in the industry, American Resources Corporation
works to maximize value for its investors while being able to scale
its operations to meet the growth of the markets it
serves.
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