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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue    
Metal recovery and sales $ 1,050 $ 29,352
Service fee revenue 30,305 0
Rare earth oxide revenue 572 0
Royalty income 0 64,667
Total revenue 31,927 94,019
Operating expenses (income)    
Cost of coal sales and processing 181,995 976,452
Accretion 248,291 249,016
Depreciation 512,332 550,640
Amortization of mining rights 303,918 307,294
General and administrative 3,207,512 3,722,671
Professional fees 172,326 946,352
Litigation expense 59,178 59,836
Production taxes and royalties 4,305 9,555
Development 325,503 402,388
Gain on sale of equipment 0 (400,000)
Total operating expenses 5,015,360 6,824,204
Net loss from operations (4,983,433) (6,730,185)
Other income (expense)    
Earnings from equity method investees (10,866) (214,975)
Other income and (expense) 86,583 96,913
Interest income 4,173 489,803
Interest expense (1,752,496) (662,679)
Total other income (expense) (1,672,606) (290,938)
Net loss (6,656,039) (7,021,123)
Less: Non-controlling interest 3,276 79,760
Net loss attributable to AREC shareholders $ (6,652,763) $ (6,941,363)
Net loss per share - basic and diluted $ (0.08) $ (0.09)
Weighted average shares outstanding - basic and diluted 78,952,630 76,374,434