American resources corporation signs offtake and financial partnership to start carnegie 2 mine

Company's long-standing partner and customer has provided a non-dilutive financial commitment of $2.5 million to start the carnegie 2 mine with top tier equipment and infrastructure fishers, in / accesswire / may 18, 2022 / american resources corporation (nasdaq:arec) ("american resources" or the "company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that it has signed a carbon offtake agreement along with a non-dilutive financial commitment of $2.5 million with a long-standing customer and premier supplier of metallurgical carbon to the global steel and alloy metal marketplace, integrity coal sales ("integrity"), to start its carnegie 2 mine. this incremental production will enable the company to benefit from the current strength in the high vol met carbon market, aligning the risk and return for both integrity and american resources.
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