American Resources’ American Carbon changes name to American Infrastructure

American Resources Corporation announced updates on its wholly owned subsidiary, American Carbon Corporation. American Carbon Corporation has changed its name to American Infrastructure Corporation to reflect the Company’s broader focus on producing high-quality raw material inputs to the global steel and infrastructure markets including metallurgical carbon and iron ore. As previously announced, the Company recently completed a strategic acquisition of a 51% ownership interest in a diversified mineral asset with a focus on iron ore, titanium and vanadium. The Company will be distributing 25% of its ownership interest in American Infrastructure Corporation on the previously announced distribution date of August 9, 2024 to its underlying shareholders of record as of May 27, 2024. Shareholders of record will still receive 1 share of American Infrastructure Corporation for every 4 shares of American Resources Corporation at the rate of distribution. The Company continues to work with potential merger partners, including public companies and special purpose acquisition companies, operators, joint venture partners and potential acquirers of divisions as its best long-term option to maximize growth and value for its shareholders, as well for achieving listing requirements for national exchanges. The Company is in the process of completing its reaudit of its financials post upgrading its auditor with the goal of being a public company or selling divisions during the final part of the 2024 calendar year to unlock value for its shareholders. American Infrastructure’s go-forward strategy remains focused on growth and consolidation while reducing operational risk by leasing out complexes to highly qualified operators. The Company’s operational strategy is to reduce capital and operating risk by monetizing its current and future asset base by creating royalty and streamlining income from its controlled or owned asset base by partnering with operators that have decades of experience in the mining business to receive revenue-based royalty, streamlining or leasing revenue from such assets. American Infrastructure has recently signed a lease for its McCoy Elkhorn mining complex, located in Pike County, Kentucky, with the goal of restarting operations this year and receiving a top line royalty stream from the complex. The Company’s McCoy Elkhorn complex is a state-of-the-art carbon processing and logistics hub focused on the production, processing and distribution of metallurgical carbon to the global steelmaking market. The Company’s focus, with its contract operator, is to bring its Carnegie 1 and Carnegie 2 mines back online for the production of high-quality, high vol A and B carbon as well as its onsite Mine 15. Additionally, the Company continues to develop its Wyoming County Coal mining complex in West Virginia supported by the closing of its $45 million tax-exempt bond last year. The Wyoming County Coal complex is focused on the production, processing and distribution of premium-quality, mid vol metallurgical carbon.