American Resources Corporation
Under the Symbol:
American Resources Corporation Added to Membership of Russell Microcap(R) Index
Thursday, June 13, 2019 8:30 AM
FISHERS, IN / ACCESSWIRE / June 13, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and selling of metallurgical coal to the steel industry, was added as a member of the Russell Microcap® Index, which will become effective after the US market closes on June 28, as part of the 2019 Russell indexes reconstitution.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
"We are honored to be joining the Russell Microcap® Index", stated Mark Jensen, Chief Executive Officer of American Resources Corporation. "This is a testament to the hard work of our team in building a company founded on bringing a modernized approach to the metallurgical coal mining industry. As this represents another milestone, we remain focused and determined to continuing our path of being the fastest growing, most efficient market participant in our industry and executing for our shareholders, customers, and employees alike".
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
American Resources Corporation continues to focus on its growth objective by efficiently leveraging its large number of core mining permits and through identifying strategic, supplemental acquisitions and continuing to consolidate quality coal assets for future growth and production. The company is committed to being one of the lowest cost operators in CAPP and throughout all its coal mining, processing, and transportation operations.
For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.
About American Resources Corporation
American Resources Corporation is a supplier of raw materials to the rapidly growing global infrastructure marketplace. The company's primary focus is on the extraction, processing, transportation and selling of metallurgical coal and pulverized coal injection (PCI) to the steel industry. The company operations are based in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical products are located.
The company's business model is based on running a streamlined and efficient operation to economically extract and deliver resources to meet its customers' demands. By running operations with low or no legacy costs, American Resources Corporation works to maximize margins for its investors while being able to scale its operations to meet the growth of the global infrastructure market.
American Capital Ventures
Howard Gostfrand, President
305-918-7000 - Office
317-855-9926 ext. 0
Vice President of Corporate Finance and Communications
About FTSE Russell
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SOURCE: American Resources Corp.