American Resources Corporation (NASDAQ: AREC) announced today that it has entered into a securities purchase agreement with several institutional investors for the purchase and sale of 7,843,138 shares of Class A common stock (or pre‑funded warrants in lieu thereof) at an offering price of $5.10 per share, in a private placement that is expected to raise approximately $40 million in gross proceeds before deducting placement agent fees and other estimated expenses.
The placement is being facilitated by Maxim Group LLC, which is acting as the sole placement agent for the transaction. The offering is expected to close on or about October 16, 2025, subject to customary closing conditions, and the company will use the proceeds to support its critical‑minerals operations and working‑capital needs.
This capital raise follows a $33 million PIPE completed on October 14, 2025, and provides additional liquidity to fund the expansion of its ReElements refining platform, the Kentucky Lithium project, and other strategic initiatives aimed at accelerating the company’s transition from a legacy coal business to a critical‑minerals leader.
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