Exhibit 99.1
American Resources Corporation Secures Base Load Sales Commitments
for Infrastructure Raw Materials
Committed production will be delivered during 2021 via company
owned infrastructure to both domestic and international
customers.
Company will maximize price realization by expanding production in
current year to take advantage of market strength.
January 6, 2021 | Source: American Resources
Corporation
FISHERS, INDIANA / ACCESSWIRE / January 6, 2021
/ 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 that it has
secured base load orders for production of raw materials servicing
the infrastructure marketplace at its Perry County Resources
(“PCR”) mining complex. The Company has previously
announced that its contractor has commenced production at the
restructured PCR complex under the Company’s streamlined,
low-cost operating model. The secured commitments and contracts
represent product that will be delivered to one of the largest
steel companies in the world, as well as specialty alloy metal
producers and industrial companies domestically and
abroad.
Mark Jensen, CEO of American Resources Corporation commented,
“As a company we were very careful to balance committed
production with maximizing value for our shareholders given the
volatility in the market during 2020. Our strategy appears to be
paying off whereby we locked in base load production in 2020 but
also have additional production capacity available to sell in the
upcoming strength that we are seeing in the market. We look forward
to expanding production in 2021 and meeting the needs of our
customers and future customers”.
The Company has taken a risk-based approach to its committed sales.
The Company looks to contract its sales in the range of 60% to 70%
of its potential production from a complex, with balance being sold
to partners on the international marketplace and on the
shorter-term market. This strategy was held consistent for 2021
sales, ensuring the Company has commitments for production needed
to be profitable, yet having additional availability of production
that can be used to maximize value as well as fulfill additional
needs of our customers as they come up throughout the
year.
American Resources continues to focus on running efficient
streamlined operations in being a new-aged supplier of raw
materials to the infrastructure and electrification marketplace in
the most sustainable of ways. 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 by positioning its large
asset base to best fit a new-aged economy, 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