American Resources Corp
For the period ended Dec 31, 2025. Filed May 20, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed May 20, 2026
AREC$1.08-7.7%Stored close · as of Nov 10, 2026
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Item 15. Exhibits, Financial Statement Schedules
Item 15. Exhibits, Financial Statement Schedule.
The following exhibits are filed herewith except as otherwise noted. Exhibits referenced in previous filings by the Company with the SEC are incorporated by reference herein.
| ExhibitNumber | Description | Location Reference |
| 3.1 | Articles of Incorporation of Natural Gas Fueling and Conversion Inc. | Incorporated herein by reference to Exhibit 3.1 to the Company’s Registration Statement on Form S-1, filed with the SEC on November 27, 2013. |
| 3.2 | Amended and Restated Articles of Incorporation of NGFC Equities Inc. | Incorporated herein by reference to Exhibit 3.1 to the Company’s 8k filed on February 25, 2015. |
| 3.3 | Articles of Amendment to Articles of Incorporation of NGFC Equities, Inc. | Incorporated herein by reference to Exhibit 10.2 to the Company’s Form 8-K on February 21, 2017. |
| 3.4 | Articles of Amendment to Articles of Incorporation of American Resources Corporation dated March 24, 2017. | Incorporated herein by reference to Exhibit 3.4 to the Company’s Form 10-Q, filed with the SEC on February 20, 2018. |
| 3.5 | Bylaws of Natural Gas Fueling and Conversion Inc. | Incorporated herein by reference to Exhibit 3.2 to the Company’s Registration Statement on Form S-1, filed with the SEC on November 27, 2013. |
| 3.6 | Bylaws, of NGFC Equities Inc., as amended and restated. | Incorporated herein by reference to Exhibit 3.2 to the Company’s 8k filed on February 25, 2015. |
| 3.7 | Articles of Amendment to Articles of Incorporation of American Resources Corporation dated November 8, 2018. | Filed as Exhibit 99.1 to the Company’s 8k filed on November 13, 2018, incorporated herein by reference. |
| 3.8 | Bylaws of American Resources Corporation, as amended and restated | Incorporated herein by reference to Exhibit 99.2 to the Company’s 8k filed on November 13, 2018. |
| 4.1 | Common Stock Purchase Warrant “B-4” dated October 4, 2017 | Incorporated herein by reference to Exhibit 4.1 to the Company’s 8k filed on October 11, 2017. |
| 4.2 | Common Stock Purchase Warrant “C-1” dated October 4, 2017 | Incorporated herein by reference to Exhibit 4.2 to the Company’s 8k filed on October 11, 2017. |
| 4.3 | Common Stock Purchase Warrant “C-2” dated October 4, 2017 | Incorporated herein by reference to Exhibit 4.3 to the Company’s 8k filed on October 11, 2017. |
| 4.4 | Common Stock Purchase Warrant “C-3” dated October 4, 2017 | Incorporated herein by reference to Exhibit 4.4 to the Company’s 8k filed on October 11, 2017. |
| 4.5 | Common Stock Purchase Warrant “C-4” dated October 4, 2017 | Incorporated herein by reference to Exhibit 4.5 to the Company’s 8k filed on October 11, 2017. |
| 4.6 | Promissory Note for $600,000.00 dated October 4, 2017 | Incorporated herein by reference to Exhibit 4.6 to the Company’s 8k filed on October 11, 2017. |
| 4.7 | Promissory Note for $1,674,632.14 dated October 4, 2017 | Incorporated herein by reference to Exhibit 4.7 to the Company’s 8k filed on October 11, 2017. |
| 4.8 | Loan Agreement for up to $6,500,000 dated December 31, 2018 | Incorporated herein by reference to Exhibit 99.1 to the Company’s 8k filed on January 3, 2019. |
| 4.9 | Promissory Note for up to $6,500,000 dated December 31, 2018 | Incorporated herein by reference to Exhibit 99.2 to the Company’s 8k filed on January 3, 2019. |
| 4.10 | Share and Warrant Purchase Agreement | Incorporated herein by refence to Prospectus filed August 23, 2019 |
| 4.11 | Share and Warrant Purchase Agreement | Incorporated herein by refence to Prospectus filed October 9, 2020 |
| 4.12 | Share and Warrant Purchase Agreement | Incorporated herein by refence to Prospectus filed June 8, 2021 |
| 4.13 | Share and Warrant Purchase Agreement | Incorporated herein by reference to Prospectus filed October 28, 2025 |
| 10.1 | Secured Promissory Note | Incorporated herein by reference to Exhibit 99.1 to the Company’s 8k filed on May 15, 2018. |
| 10.2 | Security Agreement | Incorporated herein by reference to Exhibit 99.2 to the Company’s 8k filed on May 15, 2018. |
| 10.3 | Pledge Agreement | Incorporated herein by reference to Exhibit 99.3 to the Company’s 8k filed on May 15, 2018. |
| 10.4 | Guaranty Agreement | Incorporated herein by reference to Exhibit 99.4 to the Company’s 8k filed on May 15, 2018. |
| 10.5 | Bill of Sale | Incorporated herein by reference to Exhibit 99.5 to the Company’s 8k filed on May 15, 2018. |
| 10.6 | Sublease Agreement Between Colonial Coal Company, Inc. and McCoy Elkhorn Coal LLC | Incorporated herein by reference to Exhibit 99.1 to the Company’s 8k filed on May 1, 2018 |
| 10.7 | Interim Operating Agreement | Incorporated herein by reference to Exhibit 99.2 to the Company’s 8k filed on May 1, 2018 |
| 10.8 | Consolidated and Restated Loan and Security Agreement dated October 4, 2017 | Incorporated herein by reference to Exhibit 10.1 to the Company’s 8k filed on October 11, 2017 |
| 10.9 | Asset Purchase Agreement between Wyoming County Coal LLC and Thomas Shelton dated November 7, 2018 | Incorporated herein by reference to Exhibit 10.9 to the Company’s registration statement filed on February 14, 2019. |
| 10.10 | Asset Purchase Agreement between Wyoming County Coal LLC and Synergy Coal, LLC dated November 7, 2018 | Incorporated herein by reference to Exhibit 10.10 to the Company’s registration statement filed on February 14, 2019. |
| 10.11 | Security Agreement | Incorporated herein by reference to Exhibit 99.3 to the Company’s 8k filed on January 3, 2019. |
| 10.12 | Purchase Order | Incorporated herein by reference to Exhibit 99.4 to the Company’s 8k filed on January 3, 2019. |
| 10.13 | Employment Agreement with Mark C. Jensen | Incorporated herein by reference Form 8-K filed on November 25, 2020. |
| 10.14 | Employment Agreement with Thomas M. Sauve | Incorporated herein by Form 8-K filed on November 25, 2020. |
| 10.15 | Employment Agreement with Kirk P. Taylor | Incorporated herein by reference Form 8-K filed on November 25, 2020. |
| 10.16 | Employee Stock Option Plan | Incorporated herein by reference to Exhibit 10.16 to the Company’s registration statement filed on February 14, 2019. |
| 10.17 | Letter of Intent | Incorporated herein by reference to Exhibit 10.17 to the Company’s registration statement filed on February 14, 2019. |
| 10.18 | Merger Agreement with Colonial Coal | Incorporated herein by reference to Exhibit 10.18 to the Company’s registration statement filed on February 14, 2019. |
| 10.19 | Share Exchange Agreement to replace Merger Agreement with Colonial Coal | Incorporated herein by reference to Exhibit 10.19 to the Company’s registration statement filed on February 14, 2019. |
| 14.1 | Code of Conduct | Incorporated herein by reference to Exhibit 99.2 to the Company’s 8k filed on November 13, 2018. |
| 14.2 | Financial Code of Ethics | Incorporated herein by reference to Exhibit 99.3 to the Company’s 8k filed on November 13, 2018. |
| 31.1 | Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | Filed Herewith |
| 31.2 | Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | Filed Herewith |
| 32.1 | Certification of the Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | Filed Herewith |
| 32.2 | Certification of the Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | Filed Herewith |
| 95.1 | Mine Safety Disclosure pursuant to Regulation S-K, Item 104 | Filed Herewith |
| 97.1 | Compensation Clawback Policy | Filed Herewith |
| 101.INS | Inline XBRL Instance Document |
|---|---|
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
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