Past year: ▼ 58%(1.63 – 3.85 USD)
Each one in plain English, with the numbers worked through for a shareholder.
29 July 2026financial restatement▼ BadMajor
American Resources dismissed GreenGrowth on June 30, 2026. GreenGrowth then threatened on July 3 to withdraw its 2025 opinion and refused standard predecessor-auditor steps. UHY was appointed July 11 to re-audit 2025, and the opinion was deemed unreliable on July 13.
24 July 2026dividend declaration▲ GoodMajor
American Resources declared its first special cash dividend, $0.0431 per share, saying the market undervalues its cash position, strategic investments and critical-minerals platform - a notable shift for a company whose history has been dominated by dilutive financings.
24 July 2026financial restatement▼ BadMajor
American Resources' audit committee dismissed GreenGrowth CPAs as auditor on June 30, 2026. On July 3 it was told GreenGrowth was withdrawing its opinion on the 2025 financial statements, and on July 11 it engaged UHY, including an audit of the 2025 Form 10-K.
30 Apr 2026listing compliance notice▼ Bad
American Resources again failed to timely file its annual report - this time for fiscal 2025 - telling Nasdaq the delay reflects the deconsolidation of certain operations and a streamlined business structure.
16 Jan 2026listing compliance notice▼ Bad
American Resources again fell out of compliance with Nasdaq's annual-meeting requirement, the same rule it had been cited for in 2021, calling the delay administrative rather than a sign of shareholder or board discord.
21 Nov 2025auditor change▼ Bad
American Resources dismissed GBQ Partners as its auditor after about 18 months - its fourth auditor change in five years - with GBQ's opinions still carrying a going-concern qualifier but no disagreements.
17 Oct 2025capital raising announcement● NeutralMajor
Two days after the $3.55 deal, on Oct 15, 2025 the company agreed to a second private placement through Maxim. It covers 2,661,764 shares at $5.10 and pre-funded warrants for 5,181,374 shares at $5.0999 with a $0.0001 exercise price. By our arithmetic that is roughly $40 million gross, an inference since the filing states no total. Proceeds are for critical mineral processing including coal waste extraction, and general purposes. Buyers again get a 12-month right to join up to 30% of future financings, and a resale registration is due within 10 days of closing. This adds about 7.8 million more shares or share equivalents on top of the earlier placement.
What it means for a shareholder
2.7m new shares at US$5.10 to raise about US$13.6m. That's 3.0% dilution: every existing holder's slice gets 3.0% smaller. If you held US$1,000 of shares (196 at the issue price), your slice goes from 0.000228% to 0.000221% of the company. To keep it you'd need 6 more shares - about US$31 at the issue price.
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15 Oct 2025capital raising announcement● Neutral
This amended filing restates the Oct 13, 2025 $3.55 private placement of 9,480,282 shares with the blanks filled in and more terms. Proceeds are now earmarked for domestic critical mineral processing, including coal waste extraction and a 10k MT magnet manufacturing facility, plus general purposes. Buyers get the right to join up to 30% of any new equity financing over the next 12 months. The company must file a resale registration within 15 days of closing. Maxim gets expense reimbursement of up to $100,000, tail fees, and a 6-month first-refusal right on future financings. The company is also barred from new share issuances for 60 days.
14 Oct 2025capital raising announcement● NeutralMajor
On Oct 13, 2025 the company agreed to sell 9,480,282 shares at $3.55 in a private placement, about $33.7 million before fees. Maxim Group was sole placement agent at a 7% cash fee, and proceeds were for working capital. The lock-up length and exhibit dates were still bracketed.
What it means for a shareholder
9.5m new shares at US$3.55 to raise about US$33.7m. That's 9.9% dilution: every existing holder's slice gets 9.9% smaller. If you held US$1,000 of shares (282 at the issue price), your slice goes from 0.000328% to 0.000295% of the company. To keep it you'd need 31 more shares - about US$110 at the issue price.
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30 May 2025listing compliance notice● Neutral
American Resources received a Nasdaq notice over a late first-quarter 2025 10-Q, but had already filed it the day before the notice arrived.
1 May 2025listing compliance notice▼ Bad
American Resources received a Nasdaq notice for failing to timely file its fiscal 2024 annual report, saying it was still working with its audit firm to complete it.
24 Feb 2025listing compliance notice▼ Bad
American Resources received another Nasdaq minimum-bid-price deficiency notice, the same recurring $1.00 threshold issue, with a cure period into August 2025.
4 Feb 2025material agreement▲ GoodMajor
American Resources closed the reverse merger of American Infrastructure Corporation into CGrowth Capital, with AIC becoming a wholly owned subsidiary of CGrowth and AIC's shareholders holding preferred stock convertible into 92% of CGrowth.
6 Jan 2025material agreement▲ GoodMajor
American Resources' majority-owned American Infrastructure Corporation subsidiary signed a binding term sheet to be acquired by small public company CGrowth Capital, with AIC's shareholders receiving preferred stock convertible into 92% of CGrowth - effectively a reverse merger that would give American Resources and AIC's other holders control of a public vehicle.
2 Aug 2024listing compliance notice▼ Bad
American Resources' stock again fell below Nasdaq's $1.00 minimum bid price for 31 straight days, triggering the same type of deficiency notice it first received in 2019, with a cure period into January 2025.
2 July 2024business combination▲ GoodMajor
On June 28, 2024, American Metals, an American Resources subsidiary, agreed a business combination with SPAC AI Transportation Acquisition Corp through new holding company Electrified Materials. Its holders get $100 million of shares at $10 each, plus up to $70 million more in earnout shares tied to revenue targets.
10 May 2024auditor change● Neutral
American Resources appointed GBQ Partners as its new independent auditor.
6 May 2024auditor change▼ Bad
American Resources dismissed BF Borgers CPA PC as its auditor; BF Borgers' prior opinions carried a going-concern qualifier but no disagreements - the dismissal came amid a wider wave of small-cap companies dropping BF Borgers around the time regulators moved against the firm for widespread audit failures.
8 Apr 2024material agreement▲ GoodMajor
American Resources' ReElement subsidiary closed a $150 million Kentucky industrial revenue bond to build a new lithium refining facility in Knott County designed to produce 15,000 metric tons per year of battery-grade lithium.
12 Feb 2024material agreement▲ Good
American Resources' American Carbon subsidiary bought a 51% stake in Jamaica-based T.R. Mining & Equipment, which holds an iron ore, titanium and vanadium deposit estimated at over 200 million tons of feedstock, paying with about 6% of American Carbon's own stock.
9 Nov 2023material agreement▲ GoodMajor
American Resources closed a $44.9 million tax-increment-financing bond from the City of Marion, Indiana to fund ReElement's planned 42-acre critical-mineral refining campus for battery-grade lithium and rare-earth elements.
4 Aug 2023material agreement▲ Good
American Resources signed a binding letter of intent to sell assets of its Deane Mining complex (via subsidiary American Carbon) to Integrity Carbon Solutions for about $20.6 million in upfront and deferred payments plus assumed reclamation bonds.
8 June 2023material agreement▲ Good
American Resources signed a right-of-first-refusal supply agreement with South Africa's Clay Resources for 5,000 (scaling to 20,000) metric tons per month of lithium spodumene ore to feed its ReElement refining process.
1 June 2023material agreement▲ GoodMajor
American Resources' Wyoming County Coal subsidiary agreed to sell $45 million of tax-exempt West Virginia industrial revenue bonds at 9% interest, funding expansion of its metallurgical carbon processing plant and new rare-earth processing capacity.
6 Feb 2023material agreement▲ GoodMajor
Golden Properties, American Resources' last remaining convertible-debt holder, converted its full ~$9.9 million balance into 9.4 million shares, eliminating the last of the company's convertible debt.
27 Oct 2022material agreement termination▲ GoodMajor
American Resources bought back Heritage's 7.5% stake in ReElement Technologies (formerly American Rare Earth) and ended their collaboration agreement, making ReElement wholly owned again, while announcing plans to spin ReElement off as its own standalone public company.
6 Sept 2022material agreement▲ GoodMajor
American Resources sold its graphene and carbon-nanostructure patent rights outright to Novusterra for $16 million in Novusterra stock, while installing its own people - including two doctorate-level scientists - as Novusterra's CEO, CTO and chairman, effectively deepening rather than ending its control of the venture.
22 Aug 2022material agreement● Neutral
American Resources' American Carbon subsidiary took out a $15 million non-dilutive, equipment-secured loan from Maxus Capital Group at an effective rate of about 14.5%.
7 Apr 2022material agreement▲ Good
American Resources signed a binding letter of intent to buy all of Energy Technologies Inc., a rare-earth and battery-metals analysis equipment maker, for $1.5 million cash upfront, $500,000 more deferred, and $3 million in company stock.
14 Jan 2022material agreement▲ GoodMajor
American Resources' rare-earth subsidiary, American Rare Earth (later renamed ReElement Technologies), sold a 7.5% stake plus a warrant to HG Ventures, the venture arm of The Heritage Group, under a strategic partnership meant to help source feedstock and build out sales and industry relationships for its planned rare-earth refining business.
