American Resources Corporation (NASDAQ:AREC) announced today that it has closed a $33 million common‑stock‑only private investment in public equity (PIPE) transaction with nameplate investors. The deal was priced at $3.55 per share and involved the sale of 9,480,282 shares of class A common stock, providing the company with immediate growth capital.
The financing is intended to accelerate the commercialization of AREC’s rare‑earth element (REE) recovery strategy from already‑mined coal‑waste resources. By leveraging its proprietary chromatographic separation technology, the company aims to unlock what it describes as the largest rare‑earth mine in the United States, creating a domestic supply chain for critical minerals.
With the new capital, AREC plans to develop regional coal‑waste processing hubs that will extract critical minerals and rare earth elements, supporting its broader transition from a legacy coal business to a diversified critical‑minerals and recycling platform. The PIPE underscores the company’s commitment to scaling its ReElements operations and expanding its footprint in the U.S. critical‑minerals market.
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