Golden properties sells American Resources (AREC) shares for $1.12 million

Published 23/10/2025, 00:34
Golden properties sells American Resources (AREC) shares for $1.12 million

Golden Properties LTD., a ten percent owner of American Resources Corp (NASDAQ:AREC), sold 1,000,000 shares of Class A Common Stock at a price of $1.12 on July 31, 2025, according to a Form 4 filing. The total value of the sale amounted to $1,120,000. The stock, currently trading at $3.72 with a market capitalization of $318.3 million, has seen significant volatility recently, dropping 20% in the past week despite gaining over 250% in the last six months. InvestingPro analysis indicates the company’s overall financial health score is WEAK, with 15 additional key insights available to subscribers.

Following the transaction, Golden Properties LTD. directly owns 13,389,960 shares of American Resources Corp. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its fair value. Subscribers can access the comprehensive Pro Research Report for detailed insider trading patterns and valuation metrics among 1,400+ top stocks.

In other recent news, American Resources Corporation has been actively securing funds and expanding its operations. The company announced it raised approximately $40 million through a private placement by selling 7,843,138 shares of class A common stock at $5.10 per share. 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. In another move, the company entered into a securities purchase agreement for a private placement of 9,480,282 shares, raising about $33.7 million in gross proceeds.

On the operational front, ReElement Technologies, a portfolio company of American Resources, is expanding its production capacity at Indiana facilities. The Marion Supersite is scaling up to process 2,500-3,500 metric tons annually of magnet-grade separated rare earths and other materials. Meanwhile, the Noblesville facility aims to increase production to over 250 metric tons per year of ultra-pure defense elements. Furthermore, ReElement Technologies has signed a rare earth offtake deal with POSCO International America Corp, marking a significant partnership in the refining of rare earth elements.

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