Golden Properties Ltd. sells American resources (AREC) stock worth $82k

Published 20/10/2025, 23:48
Golden Properties Ltd. sells American resources (AREC) stock worth $82k

Golden Properties LTD., a ten percent owner of American Resources Corp (NASDAQ:AREC), sold 20,000 shares of Class A Common Stock on October 20, 2025. The company, currently valued at $338 million, has seen its stock surge nearly 300% year-to-date, though InvestingPro analysis indicates the stock is currently overvalued. The shares were sold at a price of $4.12, for a total transaction value of $82,400. Following the transaction, Golden Properties LTD. directly owns 11,389,960 shares of American Resources Corp. InvestingPro data shows the stock typically trades with high volatility, having experienced a significant -20% return in the past week despite its strong long-term performance. For deeper insights into AREC’s valuation and 15+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.

In other recent news, American Resources Corporation has made significant strides in securing funding and expanding its operations. The company announced a successful private placement, raising approximately $40 million through the sale of 7,843,138 shares of class A common stock at $5.10 per share, with Maxim Group LLC serving as the sole placement agent. Additionally, American Resources closed a $33 million private investment in public equity (PIPE) transaction, aimed at accelerating its strategy for extracting rare earth elements from coal waste. This financing will support the development of regional coal waste processing hubs.

Furthermore, the company entered into a securities purchase agreement to raise about $33.7 million in gross proceeds through another private placement of 9,480,282 shares at $3.55 per share. In operational developments, ReElement Technologies Corporation, a portfolio company of American Resources, is expanding its Indiana facilities to increase production capacity for rare earth elements and critical minerals. The Marion Supersite is scaling up to process between 2,500-3,500 metric tons annually, while the Noblesville facility aims to produce over 250 metric tons per year.

Moreover, ReElement Technologies has signed a rare earth offtake agreement with POSCO International America Corp, further cementing its position in the rare earth element market. These recent developments highlight American Resources’ ongoing efforts to enhance its capabilities in the rare earth and critical minerals sector.

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