American Resources (AREC)
Aggregates and recovers metal and steel while retaining critical-materials interests.
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Electrified Materials aggregates, recovers, and sells recovered metal and steel, while the parent retains a minority interest in ReElement.
Electrified Materials is the continuing operating business, aggregating, recovering, and selling recovered metal and steel. Corporate Office and Electrified Materials are the reportable segments after the 2025 restructuring.
The corporate lineage runs through Quest Energy, which entered the public issuer through a 2017 share exchange and subsequently operated coal-mining and processing assets in eastern Kentucky and western West Virginia. That legacy infrastructure business was separated from the parent in late 2025.
ReElement Technologies and American Infrastructure were deconsolidated and classified as discontinued operations. A retained equity-method interest in ReElement connects the parent to critical-minerals processing, while Electrified Materials remained in development and pre-revenue at the latest annual-report date.
Company facts
Categories
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Nov 26, 2025 | Maxim Group | Target | $7 |
| Oct 13, 2025 | Roth Capital | Target | $5 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $72.2M · Total debt $8.1M · Total assets $168.9M · Shareholders' equity $94.8M
- Revenue
- −$95.3K
- Operating income
- $5.3M
- Net income
- $77.0M
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 15 | Aug 25 | $0.043 |
| Institutions108 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | ≈ 26.02% | 27.83M shares | |
| Strategic holders1 holder · as of Nov 12, 2025 | 20.32% | 21.74M shares | |
| Otherremainder | ≈ 53.66% | 57.40M shares |
106.97M company shares as of Aug 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Golden Properties Ltd.Strategic10 percent owner | 20.32% | 10.33M · 11.41M | Form 4filed Nov 12, 2025 ↗ |
BlackRock, Inc.Institution | 6.42% | 6.86M | 13Fas of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.01% | 4.29M | 13Fas of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.00% | 2.14M | 13Fas of Jun 30, 2026 |
Susquehanna International Group, LLPInstitution | 1.68% | 1.79M | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 7, 2025 | Golden Properties Ltd. | 10 percent owner | −389,263 | $4.04 |
| Nov 10, 2025 | Golden Properties Ltd. | 10 percent owner | −366,845 | $4.08 |
| Nov 4, 2025 | Golden Properties Ltd. | 10 percent owner | −92,973 | $4.00 |
| Nov 5, 2025 | Golden Properties Ltd. | 10 percent owner | −93,892 | $4.02 |
| Aug 19, 2025 | Golden Properties Ltd. | 10 percent owner | −1,000,000 | $1.26 |
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- American Battery Technology
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- Aqua Metals
Pilot-scale lithium-ion recycling and critical-mineral recovery
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| American Resources | $2.44 | −0.41% | $261.0M | 3.7 | — | — | — |
| Commercial Metals | $69.20 | +0.03% | $7.65B | 13.0 | 9.7 | 0.9 | +22.9% |
| Steel Dynamics | $249.40 | +0.71% | $35.49B | 22.5 | 12.2 | 1.7 | +33.4% |
| Nucor | $263.90 | −0.02% | $60.12B | 21.1 | 12.9 | 1.7 | +23.0% |
| American Battery Technology | $2.78 | −0.18% | $380.6M | — | — | 23.4 | +697.1% |
| Aqua Metals | $2.87 | +1.06% | $10.2M | — | — | — | — |
| Median | 21.1 | 12.2 | 1.7 | +28.2% |