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AREC / American Resources Corporation Acquires Mineral Reserves for Perry County Resources' E4-2 Deep Mine and New E3-2 Mine Potential

American Resources Corporation Acquires Mineral Reserves for Perry County Resources' E4-2 Deep Mine and New E3-2 Mine Potential
The Company, along with consortium including insiders, acquire strategic mineral reserves and underground main access points Reserves would be lowest cost mine life for Perry County complex and ability to control access points for all underground reserves FISHERS, IN / ACCESSWIRE / October 6, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that it has acquired approximately 2,371 mineral acres including an estimated 10.1 million tons of mineral resources at its Perry County Resources (PCR) complex, alongside a consortium led by insiders and external partners. The acquisition provides American Resources access and security to controlled, long-term, recoverable reserves, the main underground access points for its E4-2 mine, exclusive surface rights related to the PCR complex, a further reduced operating cost structure, and provides future growth potential for a E3-2 mine. Read More
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Posted: Oct 6 2021, 08:10
Author Name: Accesswire
Views: 110622

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