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Companies / Energy / American Resources Corp
AREC

American Resources Corp

EnergyMining
Ticker ARECFISHERS, INFiscal year ends DecemberBook value per share $1.09Diluted shares 87.3M

American Resources Corporation (Nasdaq: AREC) is a natural resources and infrastructure company focused on recovering and processing materials used in steelmaking and other industrial applications. Its activities include metal and steel recovery and sales through Electrified Materials Corporation (EMC), its fully… From the company’s description.

Fiscal year 2025 · ends 12-31No changes shown: the filing behind fiscal 2025 re-reports fiscal 2024 on a different basis
Sales & profitability
$0.00MFY2025
0.00%FY2025
—
58.44%FY2025
Cash & financing
$-10.41MFY2025
$-10.45MFY2025
0.14FY2025
87.3MFY2025

Dotted labels explain each measure.

What American Resources Corp does

In the company’s own words

American Resources Corporation (Nasdaq: AREC) is a natural resources and infrastructure company focused on recovering and processing materials used in steelmaking and other industrial applications. Its activities include metal and steel recovery and sales through Electrified Materials Corporation (EMC), its fully consolidated subsidiary, and investments in critical-mineral processing and coal businesses. The coal operations, conducted through subsidiaries in the Central Appalachian and Illinois coal basins, produce metallurgical coal, pulverized coal injection products and high-BTU bituminous coal; in December 2025, American Resources ceased consolidating American Infrastructure Corporation, which held those mining operations. It also ceased consolidating ReElement Technologies, which focuses on purifying and monetizing rare earth and critical elements from deposits, end-of-life magnets and batteries. The company has no reportable segments described in its business overview. Its former fuel-station and natural-gas conversion focus shifted after its 2017 acquisition of Quest Energy, which became the foundation of its coal business. American Resources had seven direct employees at year-end 2025 and reported no revenue for that year.

Company details
Sector
Energy
Industry (SIC)
Mining
Headquarters
FISHERS, IN
Fiscal year end
December
CIK
1590715
SIC
1220

Financial performance, year by year

Fiscal 2014–2025 · USD
$-81.96M$-48.84M$-15.72M$17.40M$50.51M2014201520162016201720182019202020212022202320242025

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns American Resources Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

50
funds hold it
0 of 35
superinvestors hold it
$20.01M
held by funds, at market

Largest fund holders · American Resources Corp’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.01%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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