NATURAL GAS FUELING & CONVERSION: Press Release March 30, 2021

The following excerpt is from the company's SEC filing.
arec_ex991
Exhibit 99.1

American Resources Corporation Provides Update on Perry County
Resources Complex and American Carbon Division

Company recommences shipments of carbon from PCR
complex

PCR mine has implemented expansion to utilize three continuous
miners with plan to utilize a total of five

PCR complex will employ over 170 workers when fully ramped under
its low-cost operating model

March 30, 2021 
Source
: American Resources
Corporation

FISHERS, INDIANA / ACCESSWIRE / March 30, 2021

American Resources
Corporation (NASDAQ:
)
(“Am erican Resources” or the “Company”), a
next generation and socially responsible supplier of raw materials
to the new infrastructure and electrification marketplace, today
provided an operational update of its Perry County Resources (PCR)
complex and its American Carbon division.

The Company has commenced shipping specialty stoker carbon to
customers for industrial purposes. Additionally, American Resources
has begun ramping the production of the PCR mine under its low-cost
operating structure and mine plan. The Company is scaling its
production utilizing three continuous miners to increase its carbon
production for its baseload steel customers and plans to scale its
production to utilize a total of five continuous miners throughout
the year.

Tarlis Thompson, Chief Operating Officer of American Resources
Corporation commented, “These shipments from Perry County
Resources represent our first since idling and restructuring the
complex during the midst of the COVID-19 pandemic. We are very
excited to bring the complex back online to showcase our efficient
low-cost structure, supply our customers with a high-quality,
stable product and bring stable well-paying jobs back to this
region.”

The PCR complex has been restructured under American Resources
operating strategy to reduce legacy liabilities, streamline
operations to focus on efficiencies, safety and environmentalism
and reposition its assets to leverage the needs of a more
modern-day economy. The PCR complex is well-positioned to be one of
the most competitive complexes in the region and will employ over
170 workers with stable well-paying jobs are it reached its
targeted capacity of 1.0 – 1.5 million tons of carbon per
annum.

Additionally, the Company has deployed a development and
maintenance crew to its McCoy Elkhorn (MEC) complex to prepare the
complex to be brought back online. The crew is performing
maintenance work at its Carnegie 1 mine and Bevins Branch
processing facility as well as development work at its Carnegie 2
mine. The Carnegie mines will serve as the Company’s baseload
production at its McCoy Elkhorn complex able to produce 350,000
– 500,000 of high-quality metallurgical carbon for the
domestic and international steel making markets. The Company will
then look to further scale the production of its MEC by bringing
additional capacity online. American Resources expects its McCoy
Elkhorn complex to add an additional 140 initial jobs to the region
through the operations of its Carnegie mines and Bevins Branch
processing facility. Maintenance and development capital
expenditures at MEC is expected to be approximately $1.2 million.
The Company is currently evaluating the carbon and steel markets to
commence operations at MEC during the second-to-third quarter of
2021.

American Resources continues to focus on running efficient
streamlined operations in being a new-aged supplier of raw
materials to the infrastructure and electrification marketplace in
the most sustainable of ways.
By operating with low or no
legacy costs and having one of the largest and most innovative
growth pipelines in the industry, American Resources Corporation
works to maximize value for its investors by positioning its large
asset base to best fit a new-aged economy, while being able to
scale its operations to meet the growth of the markets it
serves.

About American Resources Corporation

American Resources Corporation is a next-generation,
environmentally and socially responsible supplier of high-quality
raw materials to the new infrastructure market. The Company is
focused on the extraction and processing of metallurgical carbon,
an essential ingredient used in steelmaking, critical and rare
earth minerals for the electrification market, and reprocessed
metal to be recycled. American Resources has a growing portfolio of
operations located in the Central Appalachian basin of eastern
Kentucky and southern West Virginia where premium quality
metallurgical carbon and rare earth mineral deposits are
concentrated.

American Resources has established a nimble, low-cost business
model centered on growth, which provides a significant opportunity
to scale its portfolio of assets to meet the growing global
infrastructure and electrification markets while also continuing to
acquire operations and significantly reduce their legacy industry
risks. Its streamlined and efficient operations are able to
maximize margins while reducing costs. For more information
visit

americanresourcescorp.com
or connect with the Company on

Facebook

Twitter

LinkedIn

Special Note Regarding Forward-Looking Statements
This
press release contains “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements involve known and unknown
risks, uncertainties, and other important factors that could cause
the Company’s actual results, performance, or achievements or
industry results to differ materially from any future results,
performance, or achievements expressed or implied by these
forward-looking statements. These statements are subject to a
number of risks and uncertainties, many of which are beyond
American Resources Corporation’s control. The words
“believes”, “may”, “will”,
“should”, “would”, “could”,
“continue”, “seeks”,
“anticipates”, “plans”,
“expects”, “intends”,
“estimates”, or similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain such identifying words. Any
forward-looking statements included in this press release are made
only as of the date of this release. The Company does not undertake
any obligation to update or supplement any forward-looking
statements to reflect subsequent events or circumstances. The
Company cannot assure you that the projected results or events will
be achieved.

PR Contact
Precision
Public Relations
Matt
Sheldon
917-280-7329

matt@precisionpr.co

Investor Contact:
JTC
Team, LLC
Jenene
Thomas
833-475-8247

arec@jtcir.com
RedChip
Companies Inc.
Todd
McKnight
1-800-RED-CHIP
(733-2447)

Info@redchip.com

Company Contact:
Mark
LaVerghetta
Vice
President of Corporate Finance and Communications
317-855-9926
ext. 0

investor@americanresourcescorp.com

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

NATURAL GAS FUELING & CONVERSION: American Resources Corporation Expands Carbon Production With The Restart Of Its Mccoy Elkhorn Complex And Secures Initial Sales Contracts - Oct. 8, 2021
NATURAL GAS FUELING & CONVERSION: Press Release Dated October 4, 2021 - Oct. 5, 2021

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