FISHERS, INDIANA / ACCESSWIRE / November 15, 2018 / American Resources Corporation (OTCQB: AREC), a mining company focused on the extraction, processing, transportation and selling of metallurgical and premium thermal coal, is pleased to announce the appointment of three new independent members to its Board of Directors. Joining the Board of Directors are Randal Stephenson, Ian Sadler and Courtenay Taplin.
"We're very excited about the addition of these accomplished executives to American Resources' team", stated Mark Jensen, Chief Executive Officer of American Resources Corporation. "Their individual expertise and collective guidance will be instrumental in the continued execution of our growth objectives".
Information on the new American Resources board members are included below:
Mr. Stephenson brings over 25 years of experience and relationships in the finance, private equity, and investment banking sector to advise and assist American Resources as the company continues its path of growth. He is co-founder and CEO of a boutique FINRA-licensed broker dealer focused in the natural resources industry and has started and expanded several successful investment banking platforms at Merrill Lynch, Jefferies, CIT Group and Duff & Phelps. He has worldwide relationships with corporations, financial sponsors, entrepreneurs and governments and has closed over 200 transactions valued in excess of $40 billion. Mr. Stephenson graduated with a Bachelor of Arts degree from the University of Michigan, Ann Arbor and has a Master of Business Administration degree from Harvard University and his Juris Doctorate (with honors) from Boston College Law School.
Mr. Sadler brings decades of direct leadership and experience in the steel industry and has demonstrated expertise in successfully leading rapidly-growing companies, optimizing operational efficiencies and performance enhancements to advise American Resources with its operations as it continues to grow. Prior to retirement, Mr. Sadler was the President and CEO of Miller Centrifugal Casting International in Cecil, PA. He has a history of leadership with the Pennsylvania Foundry Group, Shenango LLC, Johnstown Corporation, Blaw-Knox Corp., and National Roll Company. Mr. Sadler received his Bachelor's Degree, with First Class Honors, and Master's Degree in Metallurgy from Cambridge University and was a prior President of the American Institute of Mining, Metallurgical, and Petroleum Engineers (AIME) and previously served as President of the Iron and Steel Society.
Mr. Taplin brings over 40 years of experience of sourcing and supplying iron ore, coke and metallurgical coal to the steel industry to assist and advise American Resources with their supply chain, logistics, and customer strategy. He has a vast knowledge of both the global and domestic marketplace where he works with both suppliers and consumers. Mr. Taplin currently manages his own company, Compass Point Resources, LLC which he founded in 2007. His prior experience includes Crown Coal & Coke Company and Pickands Mather & Company out of Cleveland, OH. Mr. Taplin attended Hobart College and received his degree from Case Western Reserve University.
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. The company is committed to being one of the lowest cost operators in CAPP and throughout all its coal mining, processing, and transportation operations.
About American Resources Corporation
American Resources Corporation is engaged in diversified energy services including mining, processing and logistics, with a primary focus on traditional energy sources such as coal and oil and gas. American Resources Corporation plans to expand its business by continuing to develop its currently leased properties and further expanding its processing and logistics business, and through the pursuit of strategic acquisitions.
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Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company’s actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond the control of the Company. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
SOURCE: American Resources Corporation
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