American resources corporation signs methane capture and carbon credit agreement

Agreement will help reduce discharge of methane gas that was created by prior mine operators no capital investment required by the company will result in improved safety of the mine as american carbon works towards its restart fishers, in / accesswire / july 2, 2024 / american resources corporation (nasdaq:arec) ("american resources" or the "company"), an innovative supplier of rare earth and critical elements, carbon and advanced carbon materials to the infrastructure and electrification marketplaces, today announce that its subsidiary, mccoy elkhorn coal llc, has entered into an agreement to allow a third party to capture and process both coal bed methane (cbm) and coal mine methane (cmm) that is present and has been accumulating within the prior, sealed mining works within the company's mine #15 underground mine located in pike county, kentucky. this agreement is expected to generate revenues for the company's control of existing surface rights and from certain old mine works from the mine #15 permit.
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