American resources corporation reports third quarter 2023 financial results and provides business outlook

Company reports a 165% yoy increase in net income of $3.48 million and eps of $0.05 for the third quarter of 2023 company is executing on the monetization of its carbon platform entering into letters of intent (loi) to sell select assets of american carbon lois for american carbon represents approximately $280 million in value or $3.58 per share the first domestic, commercial producer of separated and ultra-pure rare earth oxides from recycled permanent magnets and ultra-pure lithium carbonate from recycled lithium-based batteries manufacturing scrap and ore-based feedstocks secured initial non-dilutive capital sources for critical mineral refining capacity expansion executing on global expansion and resource diversification strategy to secure partnerships to refine lithium ores from international sources company to host update conference call today at 4:30 pm et fishers, in / accesswire / november 14, 2023 / 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 financial results for the third quarter of 2023. the company will host a conference call and webcast, today, november 14, 2023, at 4:30 pm et (details below).
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