AMERICAN RESOURCES CORP CLASS A (AREC)
Energy · Coal mining and critical minerals recovery · NASDAQ
A distressed diversified natural resources company with coal mining operations and emerging critical minerals recovery businesses, trading at deep discount with negative margins and significant leverage.
What AMERICAN RESOURCES CORP CLASS A does
American Resources Corporation is a diversified natural resources and infrastructure company operating coal mining subsidiaries in Appalachia and Indiana, along with ancillary businesses in metal recovery (Electrified Materials Corporation) and rare earth element processing and monetization (ReElement Technologies). The company mines metallurgical coal, pulverized coal injection material, and high-BTU bituminous coal for industrial and specialty applications. As of December 2025, the company is no longer consolidating its coal mining operations (American Infrastructure Corporation) or ReElement, retaining only full operational control of its metal recovery subsidiary.
Themes: ["Metallurgical coal / steel supply","Appalachian and Indiana coal mining","Rare earth elements / critical minerals recovery","Metal recovery and recycling","Infrastructure commodities"]
Fundamentals
- Price$1.82 as of 2026-07-09 close
- Market cap$193M as of 2026-07-10
- 1-year return+113.0% as of 2026-07-09 close
- P/E3.19 as of 2026-07-10
- Net margin-27511.1% as of 2026-07-10
- Gross margin+963.6% as of 2026-07-10
- ROE-139.2% as of 2026-07-10
- Debt / equity255.89 as of 2026-07-10
- Revenue growth (YoY)-63.7% as of 2026-07-10
- Beta1.15 as of 2026-07-10
Key risks (from latest filing)
["Structural decline in coal demand and intensifying regulatory pressure; company reported negative revenue growth of -63.74% YoY and significant operating losses","High leverage and negative stockholders' equity (deficit of $95 million as of September 2025) with $149.7 million in long-term debt, creating refinancing and solvency risk","Deconsolidation of major operating subsidiaries (American Infrastructure Corporation coal operations and ReElement) reduces visibility and control, increasing uncertainty around asset recovery and future cash generation"]
Competitors & peers
- Arch Resources (ARCH)
- Ramaco Resources (METC)
- Contura Energy
- Warrior Met Coal
- MP Materials (MP)
- Lithium Americas (LITM)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.