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AREC / American Resources acquires mineral reserves for its Perry County Resources' E4-2 Deep Mine

American Resources acquires mineral reserves for its Perry County Resources' E4-2 Deep Mine
American Resources Corporation announced that it has acquired approximately 2,371 mineral acres, including nearly 10.1 million tons of mineral resources at its Perry County Resources (PCR) complex, alongside a consortium led by insiders and external partners. The Fishers, Indiana-based supplier of raw materials to the rapidly growing global infrastructure market, said the acquisition gives it security and access to long-term recoverable reserves, the main underground access points for its E4-2 mine, exclusive surface rights related to its PCR complex, an opportunity to further reduce its operating cost structure, and growth potential for a E3-2 mine. Read More
Posted: Oct 6 2021, 10:02
Author Name: Proactive Investors
Views: 110694

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