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American Resources Corporation shores up its balance sheet by divesting non-core assets in Kentucky

American Resources Corporation (NASDAQ:AREC) CEO Mark Jensen tells Proactive the metallurgical carbon company has announced the divestiture of certain surface and mineral acres located near Phelps, Kentucky to boost the company’s balance sheet and position it for high-octane growth.

Jensen says the divestiture of these idle assets and environmental liabilities outside of the company's five-year business plan significantly reduces liabilities, holding costs and shares outstanding.

Quick facts: American Resources Corporation

Price: 1.54 USD

NASDAQ:AREC
Market: NASDAQ
Market Cap: $57.15 m
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American Resources expanding workforce as it re-starts its Perry County...

American Resources Corporation (NASDAQ:AREC) CEO Mark Jensen tells Proactive group is re-starting and expanding its workforce at its Perry County Resources mining complex in Hazard, Kentucky. Jensen says the group is expanding the workforce there to roughly 76 underground mine and 16...

1 week, 2 days ago

2 min read