NATURAL GAS FUELING & CONVERSION: Press Release Dated June 7, 2021

The following excerpt is from the company's SEC filing.
Exhibit 99.1
American Resources Corporation
Announces Pricing of $30.1 Million
Registered Direct Offering Priced At-The-Market

June 7, 2021 
: American Resources


American Resources
Corporation (NASDAQ:
(“American Resources” or the “Company”), a
next generation and socially responsible supplier of raw materials
to the new infrastructure and electrification marketplace, today
that it entered into
a securities purchase agreement with certain institutional
investors for the issuance and sale of 8,600,000 shares of its
common stock and 4,300,000 warrants to purchase up to 4,300,000
shares of its common stock, priced at the market under Nasdaq
rules, for aggregate gross proceeds of approximately $30.1 million
in a registered direct offering.

Kingswood Capital Markets, division of Benchmark Investments, Inc.,
acted as exclusive placement agent for the offering.

The warrants will be exercisable immediately upon the date of
issuance and have an exercise price of $3.50 per share.
The warrants will expire 5 years from the date of

The offering was made pursuant to an effective shelf registration
statement on Form S-3 (File No. 333-230786) previously filed and
declared effective by the Securities and Exchange Commission (the
"SEC") and declared effective on June 4, 2019. The offering of the
shares of common stock and warrants will be made only by means of a
prospectus, including a prospectus supplement, forming a part of
the effective registration statement, describing the terms of the
offering, which was filed with the SEC.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor will there be any sales of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such

When available, copies of the prospectus supplement relating to
this registered direct offering, together with the accompanying
prospectus, can be obtained at the SEC's website at or
from Kingswood Capital Markets, division of Benchmark Investments
Inc., 590 Madison Avenue, 39
Floor, New York, NY 10022, Attention:
Syndicate Department, or via email at
telephone at (212) 404-7002. Before investing in this offering,
interested parties should read in their entirety the prospectus
supplement and the accompanying prospectus and the other documents
that the Company has filed with the SEC that are incorporated by
reference in such prospectus supplement and the accompanying
prospectus, which provide more information about the Company and
such offering.

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

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
or connect with the Company on




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
Public Relations

Investor Contact:
Team, LLC
Companies Inc.

Company Contact:
President of Corporate Finance and Communications
ext. 0

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

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