American Resources Corporation Unlocking the Largest Rare Earth Element Mine in the U.S. Through Coal Waste Resources; Closes $33 Million PIPE Financing to Accelerate Development

$33 million financing positions the Company as the leader in unlocking vast reserves of critical and rare earth elements for the domestic supply chain

FISHERS, IN / ACCESS Newswire / October 13, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next-generation infrastructure company focused on the extraction and processing of critical and rare earth elements from sustainable sources, today announced that it has closed a $33 million common stock-only PIPE (Private Investment in Public Equity) transaction with nameplate investors to accelerate the commercialization of its rare earth element (REE) recovery strategy from already-mined coal waste resources - positioning the Company to unlock what is effectively the largest rare earth mine in the United States.

The financing, priced at $3.55 per share of common stock, provides growth capital to advance American Resources' initiatives in developing regional coal waste processing hubs for the extraction of critical minerals and rare earth elements.

"This PIPE financing provides the capital needed to commercialize and scale this model at a time when securing domestic supply chains for critical minerals is not only a commercial opportunity for American Resources and its holding company ReElement Technologies, but a national imperative," said Mark Jensen, Chairman and CEO of American Resources.

Through its affiliation with ReElement Technologies, American Resources has validated the ability to extract and concentrate rare earth elements - including neodymium (Nd), praseodymium (Pr), dysprosium (Dy), terbium (Tb) gadolinium (Gd), and yttrium (Y) - from coal waste deposits exceeding 120 million tons of controlled deposits across Kentucky and West Virginia. These already-mined resources are fully permitted and supported by existing logistics infrastructure, enabling the fastest speed-to-market and lowest cost of production of high-value rare earth elements in the U.S.

The Company's approach offers:

• A domestic, traceable, and scalable source of critical minerals

• Lower CapEx and shorter development timelines compared to greenfield mining projects

• Environmentally safe extraction that turns liabilities into assets

• Integration into ReElement Technologies' 99.9+% purity refining platform for high-value product output

"Coal once powered America's steel industry and energy independence - now, it can power the next generation of critical mineral independence," continued Mr. Jensen. "By leveraging ReElement Technologies' advanced refining platform, we are turning legacy coal waste into a high-value domestic source of rare earth concentrates and feedstock for permanent magnets, advanced technologies and critical defense applications - all while remediating the environment, accelerating American mineral independence and creating much-needed regional jobs."