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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue    
Coal sales $ 15,002 $ 11,198,665
Metal recovery and sales 108,535 66,552
Service fee revenue 99,960 0
Royalty income 159,737 556,682
Total revenue 383,234 11,821,899
Operating expenses (income)    
Cost of coal sales and processing 2,526,975 7,575,098
Accretion 991,520 1,015,563
Depreciation 2,185,332 2,323,431
Amortization of mining rights 1,235,932 1,222,686
General and administrative 21,024,382 10,670,358
Professional fees 2,625,898 1,542,175
Litigation expense 240,658 11,067,926
Production taxes and royalties 35,533 2,995,435
Development 2,148,132 11,313,837
Gain on sale of equipment (400,000) (1,529,408)
Total operating expenses 32,614,362 48,197,101
Net loss from operations (32,231,128) (36,375,202)
Other income (expense)    
Earnings from equity method investees (409,268) (562,696)
Other income and (expense) 221,471 170,780
Interest income 1,101,578 30,229
Interest expense (8,021,459) (1,988,074)
Total other income (expenses) (7,107,678) (2,349,761)
Net loss (39,338,806) (38,724,963)
Less: Non-controlling interest 87,814 197,555
Net loss attributable to AREC shareholders $ (39,250,992) $ (38,527,408)
Net loss per share - basic and diluted $ (0.51) $ (0.51)
Weighted average shares outstanding - basic and diluted 77,222,990 75,144,374