American Resources Corporation (NASDAQ:AREC) (NASDAQ:AREC) CEO Mark Jensen tells Proactive that it has acquired approximately 2,371 mineral acres, including nearly 10.1 million tons of mineral resources at its Perry County Resources complex.
What's more, it has restarted production of its McCoy Elkhorn processing and logistics complex as well as its Carnegie 1 mine. The Carnegie 1 mine produces metallurgical carbon from the Alma carbon seam which is used for steel making.
Jensen says it has signed sales commitments for the current fourth quarter of 2021's production at its Carnegie 1 mine.