American Resources (AREC) Proxy Filing summary

Executive summary

• Focused on supporting the global transition to a cleaner, diversified energy economy, emphasizing critical and rare earth minerals and advanced carbon products.

• Strategic plan to position ReElement Technologies and American Carbon as standalone growth companies, with American Metals supporting closed-loop recycling.

• Annual Meeting scheduled for July 16, 2024, to be held virtually, with all shareholders encouraged to participate and vote.

Voting matters and shareholder proposals

• Shareholders will vote to elect five directors for one-year terms and to ratify GBQ Partners LLC as the independent registered public accounting firm for fiscal 2024.

• Board recommends voting FOR all director nominees and FOR the ratification of the auditor.

• Shareholder proposals for the 2025 meeting must be submitted by December 31, 2024.

Board of directors and corporate governance

• Board consists of five members, with a mix of executive and independent directors; diversity matrix provided.

• Committees include Audit, Compensation, and Environmental, Health & Safety, all chaired by independent directors.

• Board and committees met regularly, with 100% attendance in 2022.

• Code of Conduct and Financial Code of Ethics in place; available on the company website.