FISHERS, IN / ACCESSWIRE / December 28, 2020 / American Sources Company (NASDAQ:AREC) (‘American Sources’ or the ‘Firm’), a subsequent technology and socially accountable provider of uncooked supplies to the brand new infrastructure market, at this time introduced that it’ll ring the Nasdaq closing bell on December 29, 2020, in celebration of the graduation of operations at its premier mining web site, Perry County Sources (PCR) complicated and the launch of the Firm’s important and uncommon earth mineral subsidiary, American Uncommon Earth LLC earlier this yr. The restart at PCR comes after a yr of implementing a methodical restructuring and in response to elevated demand for uncooked supplies for metal and infrastructure initiatives and is anticipated to supply important income progress starting in 2021. American Uncommon Earth highlights the Firm’s skill to restructure legacy mining operations to raised match the modern-day and rising economic system. American Uncommon Earth is targeted on the gathering and processing of uncommon earth and significant minerals, utilizing the Firm’s giant and already owned asset base, to serve the quickly rising electrification market and to assist reestablish this vital provide chain again to North America.
Mark Jensen, CEO of American Sources Company, will probably be joined by his colleagues, members of the board of administrators and several other stakeholders for the digital ceremony, which is able to start at roughly 3:20 PM EST. The ceremony might be considered on the Nasdaq MarketSite Tower in Instances Sq., at forty third Avenue and Broadway, New York, NY, and will probably be video streamed dwell at: https://www.nasdaq.com/marketsite/bell-ringing-ceremony
The bell ringing will happen at 4:00 PM EST, signifying the shut of the day’s buying and selling session. A replay of the ceremony will probably be accessible at a later date on the Firm’s web site below the Occasions part of the Investor Relations page.
Mr. Jensen commented, ‘Our enterprise mannequin entails reinventing a legacy business for a modern-day economic system whereby we are able to provide uncooked supplies to the infrastructure and electrification market successfully and effectively. We’re honored to ring the Nasdaq Bell and will probably be celebrating just about with all of our stakeholders our many accomplishments all through 2020. With the graduation of operations at Perry County, we now have the power to generate secure money flows for our traders, a dependable provide of high-quality carbon for our clients, and over 170 regular and dependable jobs for the neighborhood. This actually marks an vital day for American Sources because it represents the launchpad that can propel the Firm to its subsequent section of progress and the beginning of what we imagine will probably be a transformational yr forward.’
About American Sources Company
American Sources Company is a next-generation, environmentally and socially accountable provider of high-quality uncooked supplies to the brand new infrastructure market. The Firm is targeted on the extraction and processing of metallurgical carbon, a necessary ingredient utilized in steelmaking, important and uncommon earth minerals for the electrification market, and reprocessed metallic to be recycled. American Sources has a rising portfolio of operations situated within the Central Appalachian basin of jap Kentucky and southern West Virginia the place premium high quality metallurgical carbon and uncommon earth mineral deposits are concentrated.
American Sources has established a nimble, low-cost enterprise mannequin centered on progress, which offers a major alternative to scale its portfolio of property to fulfill the rising world infrastructure market whereas additionally persevering with to accumulate operations and considerably cut back their legacy business dangers. Its streamlined and environment friendly operations are capable of maximize margins whereas decreasing prices. For extra data go to americanresourcescorp.com or join with the Firm on Facebook, Twitter, and LinkedIn.
Particular Word Concerning Ahead-Wanting Statements
This press launch accommodates ‘forward-looking statements’ throughout the which means of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements contain recognized and unknown dangers, uncertainties, and different vital elements that would trigger the Firm’s precise outcomes, efficiency, or achievements or business outcomes to vary materially from any future outcomes, efficiency, or achievements expressed or implied by these forward-looking statements. These statements are topic to quite a lot of dangers and uncertainties, a lot of that are past American Sources Company’s management. The phrases ‘believes’, ‘might’, ‘will’, ‘ought to’, ‘would’, ‘may’, ‘proceed’, ‘seeks’, ‘anticipates’, ‘plans’, ‘expects’, ‘intends’, ‘estimates’, or related expressions are supposed to establish forward-looking statements, though not all forward-looking statements include such figuring out phrases. Any forward-looking statements included on this press launch are made solely as of the date of this launch. The Firm doesn’t undertake any obligation to replace or complement any forward-looking statements to replicate subsequent occasions or circumstances. The Firm can not guarantee you that the projected outcomes or occasions will probably be achieved.
Precision Public Relations
JTC Workforce, LLC
317-855-9926 ext. 0
Vice President of Company Finance and Communications
SOURCE: American Sources Company
View supply model on accesswire.com:
American Sources Company printed this content material on 28 December 2020 and is solely accountable for the data contained therein. Distributed by Public, unedited and unaltered, on 28 December 2020 13:32:03 UTC