American Resources Corporation Establishes Additional Cash Flow Stream By Leasing Non-Core Mining Complex to Third-Party Operator

Apr 29, 2022

Company's Deane Mining complex is a state-of-the-art facility with operator projecting 1.0 million tons of production in the first year
Multi-year lease allows Company to further monetize its extensive asset base and generate high-margin revenue
Lessee takes over holding costs for permits and agrees to pay American Resources the higher of $5.00 per ton for or 5% of gross sales price for processed coal

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