American Resources Inks Asset Purchase Agreement With Wyoming County Coal On Sept. 29 For $40M; Bought Property Includes Rights To Elements And Minerals In Refuse Piles

American Resources Corporation (AREC) has entered into an asset purchase agreement with Wyoming County Coal for $40 million, finalized on September 29. The acquisition includes rights to elements and minerals located in refuse piles associated with the property. This strategic move is aimed at enhancing the company's resource portfolio.