Subscribe To

Price Alert Latest News Economic Calendar News

AREC / American Resources reduces debt by over $9M

American Resources Corporation (NASDAQ:AREC) said its final convertible debt holder Golden Properties Ltd has elected to convert all of their Senior Convertible Debentures due March 31, 2023, to shares of class A common stock in a move that reduces the company's debt by more than $9 million and eliminates the last of its convertible debt. In a statement, American Resources said that Golden Properties will increase its long-term equity position in the company's common stock through the conversion of the balance of its convertible debt, amounting to approximately $9.9 million, resulting in approximately 9.4 million shares issued to the shareholder. Read More

Demo Live Account See Partner Details

Content Topics

American

Resources

Reduces

Debt

Over

Stock

AREC

Posted: Feb 6 2023, 08:57

Author Name: Proactive Investors

AREC News

By Proactive Investors
August 21, 2023

American Resources subsidiary ReElement Technologies appoints Ben Wrightsman as president

American Resources Corporation (NASDAQ:AREC) said its ReElement Technologies subsidiary has expanded its executive team with the appointment of Ben Wr

By Seeking Alpha
August 14, 2023

American Resources Corporation (AREC) Q2 2023 Earnings Call Transcript

American Resources Corporation (NASDAQ:AREC ) Q2 2023 Earnings Conference Call August 14, 2023 4:30 PM ET Company Participants Mark LaVerghetta - Head

By Proactive Investors
August 14, 2023

American Resources reports 2Q results ahead of planned ReElement Technologies spinoff

American Resources Corporation (NASDAQ:AREC) has reported its second-quarter financial results, and CEO Mark Jensen is optimistic about the trajectory

By Proactive Investors
August 11, 2023

American Resources appoints Tarlis Thompson as CEO of American Carbon division

American Resources Corporation (NASDAQ:AREC) has named a new CEO for its American Carbon mining division. Tarlis Thompson has more than 23 years of ex

By Proactive Investors
August 9, 2023

American Resources subsidiary ReElement Technologies produces ultra-high purity lithium from battery manufacturing waste

American Resources Corporation (NASDAQ:AREC) (AREC) said its subsidiary ReElement Technologies has achieved an ultra-high purity of 99.99% lithium fro

By Proactive Investors
August 8, 2023

American Resources Corp CEO to showcase ‘world-leading innovation' at NAATBatt

American Resources Corporation (NASDAQ:AREC) chief executive Mark Jensen today presents on a panel at the NAATBatt Lithium Battery Recycling Workshop,

By Accesswire
July 24, 2023

American Resources Corporation to Present at the Virtual Investor Spotlight with Advanced Magnet Lab, Inc.

Live moderated video webcast on Thursday, July 27th at 11:00 AM ET FISHERS, IN / ACCESSWIRE / July 24, 2023 / American Resources Corporation (NASDAQ:A

By Proactive Investors
July 17, 2023

American Resources subsidiary ReElement Technologies adds auto and EV expert to technical advisory board

American Resources Corporation (NASDAQ:AREC) said its subsidiary ReElement Technologies has appointed automotive and electric vehicle (EV) veteran Ale

Risk Disclosure:

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
We would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. We and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of us and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. We may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.