American Resources (AREC) investor relations material

Executive summary

• The annual shareholder meeting is scheduled for April 15, 2026, at the corporate headquarters in Fishers, Indiana, with voting available in person, by proxy, online, or by phone.

• Shareholders of record as of February 17, 2026, are eligible to vote on the election of directors and the ratification of the independent auditor.

• Proxy materials and the 2024 Annual Report are accessible online, with paper copies available upon request, supporting environmental and cost-saving initiatives.

Voting matters and shareholder proposals

• Shareholders will vote to elect five directors for one-year terms and to ratify GreenGrowth CPAs as the independent registered public accounting firm for fiscal 2026.

• The board recommends voting FOR all director nominees and FOR the auditor ratification.

• Shareholder proposals for the 2026 meeting must be submitted by March 27, 2026.

Board of directors and corporate governance

• The board consists of five members, with three independent directors as defined by NASDAQ standards.

• Committees include Audit, Compensation, Nomination, and Environmental, Health, and Safety, each with defined oversight roles.

• The board values diversity in skills and experience, with a formal Code of Conduct and Financial Code of Ethics in place.

• Board and committee meetings had full attendance in 2025.