American resources corporation establishes additional cash flow stream by leasing non-core mining complex to third-party operator

Company's deane mining complex is a state-of-the-art facility with operator projecting 1.0 million tons of production in the first year multi-year lease allows company to further monetize its extensive asset base and generate high-margin revenue lessee takes over holding costs for permits and agrees to pay american resources the higher of $5.00 per ton for or 5% of gross sales price for processed coal fishers, in / accesswire / april 29, 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 entered into a multi-year lease of it deane mining complex to a high quality, local, third-party operator named bluegrass resources. mark jensen, ceo of american resources corporation commented, "as one of the largest owners of mining infrastructure in our region, we are happy to have entered into this lease and partnership with a very reputable local operator.
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