American Resources’ American Carbon commissions McCoy Elkhorn plant

American Resources Corporation’s American Carbon subsidiary announced that it has commissioned its McCoy Elkhorn processing facilities in Pike County, Kentucky for internal processing, third party processing, and carbon loading businesses, thereby enabling additional growth opportunities and enhanced margins from existing production. The McCoy Elkhorn processing complex in Pike County, Kentucky has two onsite, state-of-the-art processing facilities, a unit train rail loadout on the CSX railway and two extensive refuse impoundments that have significant life and storage capacity. The McCoy Elkhorn complex is in the heart of the Company’s existing and potential reserve base, containing both currently operating mines and several permitted mines that can be restarted at a relatively low-cost, but contain high production capacity for many years to come. The Company is currently producing at its Carnegie 1 and 2 mines and previously announced the planned expansion around its McCoy Elkhorn complex in the coming weeks due to recent investment in structural upgrades to the mines. Additionally, the Company is also working on commencing production at several regional mines that have a logistical advantage and can be brought into production this year with relatively low cost. Given its recent strong production, the Company has been shipping production to its customer to fulfill existing orders while also building a stockpile of inventory at its McCoy complex to immediately begin processing. Furthermore, in addition to American Carbon’s own production, the Company has been approached by third parties seeking the use of the McCoy Elkhorn complex for their processing and loading needs. This additional business will enable the Company to significantly expand its processing revenue with minimal additional capital expenditures beyond what has already been incurred as part of this startup, thereby further increasing the value of this complex to the Company and the surrounding region. Third party processing can come in the form of tolling arrangements for both processing carbon as well as loading carbon through its state of the art loadout facilities on either the CSX railway or truck, both present on-site.