12 stories mentioning ARECUpdated 3h ago
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American Resources (AREC) said Friday its minority-owned ReElement Technologies has commissioned its first commercial-scale germanium refining production line at its Indiana facility.The company said ReElement plans to commission additional production lines for gallium and rare earth elements, with a future phase II expansion targeting battery materials including lithium, cobalt and nickel.
Energy stocks were mixed late Friday afternoon, with the NYSE Energy Sector Index 0.1% lower and the State Street Energy Select Sector SPDR ETF (XLE) up 0.3%.The Philadelphia Oil Service Sector Index climbed up 2.9%, and the Dow Jones US Utilities Index was up 0.1%.West Texas Intermediate crude oil fell 3% to $89.45 a barrel, and global benchmark Brent dropped 3.9% to $96.80 a barrel. Henry Hub natural gas futures shed 1.3% to $2.88 per 1 million BTU.In corporate news, SLB (SLB) shares jumped past 10% after its Q2 adjusted earnings and revenue topped market estimates.NextEra Energy (NEE) reported mixed Q2 results with adjusted earnings topping estimates and operating revenue trailing Wall Street forecasts. Shares were 0.2% lower.BP (BP) is in advanced talks to sell its solar power arm Lightsource to a consortium comprising Qualitas Energy, a private equity firm focused on green energy, and Wren House, the infrastructure arm of the Kuwait Investment Authority, Reuters reported. BP shares were down 0.4%.American Resources (AREC) said Friday it will pay a special dividend of 4.31 cents per share, payable on Aug. 25 to shareholders of record Aug. 15. Shares were down 2%.
Energy stocks advanced late Friday afternoon with the NYSE Energy Sector Index increasing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.7%.The Philadelphia Oil Service Sector Index climbed 2.9%, and the Dow Jones US Utilities Index was fractionally lower.West Texas Intermediate crude oil fell 3% to $89.45 a barrel, and global benchmark Brent dropped 3.9% to $96.80 a barrel. Henry Hub natural gas futures shed 1.3% to $2.88 per 1 million BTU.In corporate news, American Resources (AREC) said Friday that its board has declared a special cash dividend of 4.31 cents per share, payable on Aug. 25 to shareholders of record as of Aug. 15. Its shares were down 3.1%.
American Resources (AREC) said Friday that its board has declared a special cash dividend of 4.31 cents per share, payable on Aug. 25 to shareholders of record as of Aug. 15.The company said the dividend reflects its strong financial position, disciplined capital allocation strategy and confidence in its growth outlook.Chairman and CEO Mark Jensen said the board believes American Resources remains undervalued despite its cash position, strategic investments and critical minerals portfolio.
American Resources (AREC) said Tuesday its minority-owned unit ReElement Technologies hired 13 employees to help expand its critical mineral refining operations.The new personnel will fill roles in engineering, finance and maintenance to support the launch of a processing campus in Marion, Indiana, the company said.The hiring push is part of the company's plan to transition the business from testing technologies to full commercial output, American Resources said.
Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index falling 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.2%.The Philadelphia Oil Service Sector Index was down 0.3%, and the Dow Jones US Utilities Index decreased 0.2%.President Donald Trump withdrew his proposal to charge a 20% toll on cargo transiting the Strait, according to his social media post on Tuesday. "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States." There will be a "FULL Blockade, but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo," Trump said on Truth Social.Front-month West Texas Intermediate crude oil rose 1.2% to $79.04 a barrel, and the global benchmark Brent crude contract gained 1.5% to $84.53 a barrel. Henry Hub natural gas futures decreased 0.1% to $2.89 per 1 million BTU.In corporate news, Shell (SHEL) will receive a production-linked tax credit from Nigeria for its Bonga Southwest Aparo deepwater project, Bloomberg reported. Shell shares were up 0.3%.Bloom Energy (BE) short sellers have made key mistakes on the company's access to the rare-earth mineral scandium and ignore its recent filings showing it has resolved its sourcing constraints, RBC said in a note to investors on Tuesday. Bloom Energy shares rose 2.7%.American Resources' (AREC) ReElement Technologies unit received a $25 million investment from the US Department of Defense through the Industrial Base Fund to expand domestic rare earth refining capacity at its Marion, Indiana, facility, the company said Tuesday. American Resources shares jumped past 6%.
American Resources' (AREC) ReElement Technologies unit received a $25 million investment from the US Department of Defense through the Industrial Base Fund to expand domestic rare earth refining capacity at its Marion, Indiana, facility, the company said Tuesday.The funding will support additional refining equipment, production line installation and working capital to advance commercial production of high-purity rare earth elements and other defense-critical minerals, the company said.The additional capacity will process both primary and recycled feedstocks to produce high-purity rare earth oxides and specialty critical minerals, including yttrium and gallium, for defense, aerospace, semiconductor and other strategic industries, the company added.
Energy stocks were rising Monday afternoon, with the NYSE Energy Sector Index adding 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) advancing 0.9%.The Philadelphia Oil Service Sector Index slid 0.1%, and the Dow Jones US Utilities Index rose 1%.Oil prices fell after reports that Iran has agreed with the US to allow international nuclear inspectors back into the country. US Vice President JD Vance said Monday that Iran agreed to admit inspectors from the International Atomic Energy Agency in the country, according to media reports.Front-month West Texas Intermediate crude oil fell 3.1% to $73.48 a barrel, and the global benchmark Brent crude contract dropped 3.5% to $77.22 a barrel. Henry Hub natural gas futures advanced 0.8% to $3.30 per 1 million BTU.In corporate news, Chevron (CVX) has agreed to build a power plant in West Texas to supply electricity to a data center operated by Microsoft (MSFT) as part of a 20-year power purchase deal. Chevron shares rose 0.7%.BP (BP) and Eni's (E) joint venture Azule Energy approved the development of the Greater PAJ offshore oil project in Angola, Reuters reported, citing comments from company and government officials at a signing ceremony. BP and Eni shares added 1.5% and 1.3% respectively.American Resources (AREC) shares climbed 4% after the company said Monday the rare earth and critical mineral refining campus being built in Marion, Indiana, of its affiliated minority holding, ReElement Technologies, is expected to start commercial operations of its initial germanium production line in Q3.
American Resources (AREC) said Monday the rare earth and critical mineral refining campus being built in Marion, Indiana, of its affiliated minority holding, ReElement Technologies, is expected to start commercial operations of its initial germanium production line in Q3.The facility's phase 1 buildout consists of four dedicated production lines with an expected annual capacity of over 16,000 metric tons of high-purity rare earth and critical mineral products once fully commissioned, according to a statement.Price: $2.21, Change: $+0.06, Percent Change: +2.56%
Energy stocks advanced late Friday afternoon, with the NYSE Energy Sector Index increasing 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.6%.The Philadelphia Oil Service Sector Index was shedding 0.2%, and the Dow Jones US Utilities Index was up 0.8%.Front-month West Texas Intermediate crude oil rose 0.4% to $96.77 a barrel, and the global benchmark Brent crude contract rose 1.3% to $103.93 a barrel. Henry Hub natural gas futures fell 3.6% to $2.91 per 1 million BTU.In sector news, Intercontinental Exchange (ICE) and OKX said Friday that they are collaborating to launch perpetual futures contracts tied to oil benchmarks. The new perpetual futures contracts will be underpinned by Intercontinental Exchange's Brent Crude and WTI Crude energy benchmarks, the companies said.In corporate news, American Resources' (AREC) minority holding ReElement Technologies formed a joint venture with Posco International to build rare earth and permanent magnet production facilities in the US, the company said Friday. American Resources shares were down 0.2%.Matador Resources (MTDR) shares added 1.2% after the company said Thursday it acquired 5,154 net undeveloped acres in the Delaware Basin for about $1.14 billion in a recent Bureau of Land Management oil and gas lease sale.TotalEnergies (TTE) is considering selling a 50% stake in a portfolio of European renewable energy assets, Bloomberg reported. TotalEnergies shares were down 0.7%.Frontline (FRO) shares fell 3.5% after the company reported Q1 adjusted earnings below analyst expectations.
Energy stocks advanced late Friday afternoon, with the NYSE Energy Sector Index increasing 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.6%.The Philadelphia Oil Service Sector Index was shedding 0.2%, and the Dow Jones US Utilities Index was up 0.8%.Front-month West Texas Intermediate crude oil decreased 0.2% to $96.14 a barrel, and the global benchmark Brent crude contract rose 0.5% to $103.10 a barrel. Henry Hub natural gas futures fell 3.6% to $2.91 per 1 million BTU.In corporate news, American Resources' (AREC) minority holding ReElement Technologies formed a joint venture with Posco International to build rare earth and permanent magnet production facilities in the US, the company said Friday. American Resources shares were up 0.2%.
American Resources' (AREC) minority holding ReElement Technologies formed a joint venture with POSCO International to build rare earth and permanent magnet production facilities in the US, the company said Friday.The $200 million partnership plans to establish a domestic supply chain covering feedstock sourcing, material refining, and magnet manufacturing, the company said.The operation intends to produce 3,000 metric tons of separated rare earth oxides annually by 2028 before expanding capacity to 6,000 metric tons by 2030, American Resources said.Final site selection for the refining and manufacturing complex is currently underway, it added.Shares of the company were up 7.5% in Friday's premarket activity.
