Profile: American Resources Corp (AREC.PH)
12 Jul 2019
American Resources Corporation, formerly NGFC Equities, Inc., incorporated on October 2, 2013, is engaged in constructing, purchasing and managing a chain of combined gasoline, diesel and natural gas (NG) fueling and service stations. The Company is involved in constructing conversion factories to convert NG to liquefied natural gas (LNG) and compressed natural gas (CNG), and constructing conversion factories to retrofit vehicles using gasoline or diesel fuel to also run on NG in the United States.
The Company, through its subsidiary, Quest Energy Inc. (Quest Energy), is engaged in energy services, including mining, processing and logistics, with a primary focus on traditional energy sources such as coal and oil and gas. Quest Energy has four coal mining and processing operating subsidiaries: McCoy Elkhorn Coal LLC (doing business as McCoy Elkhorn Coal Company) (McCoy Elkhorn), Knott County Coal LLC (Knott County Coal), Deane Mining LLC (Deane Mining) and Quest Processing LLC (Quest Processing), all of which are located in eastern Kentucky within the Central Appalachian coal basin. The coal reserves include metallurgical coal (used for steel making), pulverized coal injections (used in the steel making process) and high- British thermal unit (BTU), low sulfur, low moisture bituminous coal used for a range of uses within several industries, including industrial customers, specialty products and thermal coal used for electricity generation.
Located within Pike County, Kentucky, McCoy Elkhorn includes two active mines (Mine #15 and the Carnegie Mine) and two coal preparation facilities (Bevins #1 and Bevins #2). As of February 21, 2017, Located primarily within Knott County, Kentucky (but with additional idled permits in Leslie County, Perry County, and Breathitt County, Kentucky), Knott County Coal included 17 idled mining permits (or permits in reclamation) and two preparation facilities. As of February 21, 2017, Located within Knott County and Letcher County, Kentucky, Deane Mining included 14 idled mining permits (or permits in reclamation) and one preparation facilities called Mill Creek Preparation Plant, which are also idled. Quest Processing manages the assets, operations, and personnel of the certain coal processing and transportation facilities of Quest Energy’s various other subsidiaries.
American Resources Corp
9002 Technology Ln
FISHERS IN 46038-2826