American Resources Corp

On September 29, 2026, American Resources Corporation (the “Company” or “ARC”) entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with Wyoming County Coal LLC (“WCC”), pursuant to which the Company acquired certain real property, structures, fixtures and equipment owned by WCC located in Wyoming County, West Virginia (collectively, the “Acquired Assets”).

Pursuant to the Asset Purchase Agreement, the consideration for the Acquired Assets consists of the Company's settlement of certain litigation pending in the United States District Court for the Southern District of Indiana, captioned UMB Bank, N.A. v. Wyoming County Coal LLC, et al. , Case No. 1:25-cv-02596, for an aggregate settlement amount of $40.0 million (the “Purchase Price”). The Asset Purchase Agreement provides that the Acquired Assets are to be conveyed to the Company free and clear of liens and encumbrances, other than any encumbrances identified in the deed conveying the real property. Asset Purchase Agreement Asset Purchase Agreement The Acquired Assets include all real estate owned by WCC, together with structures and fixtures located thereon and mobile and fixed equipment owned by WCC. The acquired real property also includes rights and ownership with respect to valuable elements and minerals that may be contained within refuse piles located on or within the conveyed property. Asset Purchase Agreement The transaction is an acquisition of specified assets and does not constitute the acquisition or continuation of WCC's mining operations. The Company is not acquiring or assuming WCC's mining permits or licenses and is not assuming WCC's historical mining, reclamation, environmental or other operating liabilities, including asset retirement obligations (“AROs”) associated with WCC's prior mining operations. Accordingly, the Purchase Price relates to the acquisition of the specified real property, structures, fixtures, equipment and associated mineral and refuse-pile rights and not to the assumption of WCC's historical mining operations or related obligations.