HCC - American Resources Aims For $8 Million Uplisting IPO
Quick Take
American Resources Corporation (OTCPK:AREC) intends to raise gross proceeds of $8 million from a U.S. IPO, according to an S-1/A registration statement.
The firm processes, transports and markets metallurgical coal and pulverized coal injection [PCI] to the steel industry.
AREC needs additional investment capital as it seeks to expand its mining operations in a favorable and rising price environment.
Company & Technology
Fishers, Indiana-based American Resources was founded in 2013 to extract, process, transport, and market metallurgical coal and PCI for the steel industry with a focus on the Central