American Resources Corporation (NASDAQ:AREC) has named a new CEO for its American Carbon mining division.
Tarlis Thompson has more than 23 years of experience in the mining industry, most recently as president of American Carbon's Central Appalachian subsidiaries.
Thompson previously spent over 15 years at companies such as Massey Energy, Commercial Testing & Engineering, SGS Minerals and CAM Mining.
The new CEO told shareholders that the company will focus on monetizing its non-core carbon assets through sales or leases, expand its repositioned core assets for growth, and integrate the ability to produce rare earth and critical mineral concentrate from carbon-based waste stream to be refined by sister company, ReElement Technologies.
"I am honored to have been selected for this position by the company's board of directors and the management team of American Resources Corporation (NASDAQ:AREC),” Thompson said. “I am also honored to be in a position of leadership as we embark on a period of growth for the business at our Kentucky operations, as well as our extremely attractive Wyoming County complex in West Virginia.”
Mark Jensen, American Resources CEO, told investors that there is “no better person” to lead the American Carbon division than Thompson.
“Tarlis was born and raised in Pike County Kentucky and is a respected individual in the community, and I have the utmost confidence in him to steer our streamlined platform of high-value assets forward as a new aged mining company focused on safe and low-cost production for our shareholders and local stakeholders.”
Fishers, Indiana-based American Resources is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the infrastructure market.
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