American Resources Corporation (NASDAQ:AREC), a strategic supplier of critical mineral feedstocks and owner of a diversified portfolio of critical mineral assets, today announced that its Board of Directors has declared a special cash dividend of $0.0431 per share of the Company's common stock. The dividend will be payable on August 25, to shareholders of record as of August 15.
The special dividend reflects the Company's strong financial position, disciplined capital allocation strategy and confidence in its ability to continue investing in high-return growth opportunities while returning capital to long-term shareholders.
The Board believes the Company's current market valuation does not fully reflect the underlying value of its cash position, strategic investments and ownership interests, nor the significant opportunities being developed across its critical mineral platform.
"Our Board believes American Resources is significantly undervalued based on the sum of its parts," said CEO Mark Jensen.
"Today, the Company is supported by a strong balance sheet, a strategic minority ownership interest in ReElement Technologies, majority ownership of Electrified Materials Corp., continued advancement of our coal-based critical mineral byproduct initiatives through ongoing negotiations with the U.S. Department of Energy, and an expanding pipeline of accretive rare earth and critical mineral feedstock sourcing opportunities.”
AREC shares lost half a cent to $1.76.
