American Resources (AREC) Closes Mineral Asset Interest Buyout
ARECAmerican Resources(AREC) Zacks Investment Research·2024-02-08 21:01

American Resources Corporation’s (AREC) subsidiary, American Carbon Corporation, has acquired a 51% ownership stake in a diversified mineral asset with a focus on iron ore, titanium and vanadium, with an initial estimated deposit of 212,925,000 tons of raw feedstock and 106,462,500 tons of ore body, based on an average of 50% magnetic material.American Carbon is an owner and operator of low-cost, high-quality metallurgical and specialty carbon assets.The company noted that it has been working for more than ...