American resources corporation announces successful closing of $45 million west virginia economic development authority solid waste disposal facility revenue bond issuance

$45 million tax-exempt industrial development bonds will fund the expansion and technological improvements to the existing metallurgical carbon processing facility as well as the integration and construction of new rare earth processing capacity fishers, in / accesswire / june 9, 2023 / american resources corporation (nasdaq:arec) ("american resources" or the "company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that it has successfully closed its offering of $45,000,000 principal amount of west virginia development authority solid waste disposal facility revenue bonds, series 2023, for the company's wyoming county coal ("wcc") complex located near the town of oceana, west virginia. the bonds hold an interest rate of 9% and a maturity date of june 8, 2038.
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