Companies · Other Energy

American Resources Corp

Fishers · Other Energy

Diligence memoA one-page analyst read on American Resources Corp — recommendation, valuation, rhythm, risks.
$74.2M
Total raised · real
3
Rounds
1.2×
Latest step-up
Top 8%
Sector rank · raised
Series B
Latest stage · inferred · Thu Oct 16 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

American Resources Corp looks over-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the energy sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.71× the median modeled value of Series B Other Energy companies in 2025–2027 (25 peers) — value vs value, same stage and era.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Energy

American Resources Corp is one of 2048 Other Energy companies tracked from Fishers. By capital raised it ranks among the largest (ahead of 93% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
2
Investors (latest)
2025-10-16
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$50M$100M$150M$200MPre-Seed · 2017-03-07 Raised $500K (real) Modeled valuation $8.1M (est)$500K$8.1MPre-Seed2017Series B · 2025-10-14 Raised $34M (real) Modeled valuation $139M (est)$34M$139MSeries B2025Series B · 2025-10-16 Raised $40M (real) Modeled valuation $165M (est)$40M$165MSeries B2025+$34M+$40MCumulative $74M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$500K · 2017
Series B$33.7M · 2025no Seed / Series A on file
Series B extension$40.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$164.8M
Base estimate est.
$95.0M
Conservative case
$230.3M
Upside case
$222.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $8.1M · 2017-03-072017Series B · modeled $138.8M · 2025-10-14Series B · modeled $164.8M · 2025-10-162025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.22×/yr
Annual markup
1.47×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
52 mo
Avg between rounds
$8.6M/yr
Capital velocity
9.3 yr
On record since
2017
First round
3
Rounds on file
How it compares to the market

Benchmarked against 2048 companies in Other Energy. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 22× above median
This company$74.2M
Sector median$3.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 2.1× above median
This company$40.0M
Sector median$19.1M
Modeled value — vs sector median (estimate, all stages) 9.7× above median
This company$164.8M
Sector median$17.0M

Raised more than 93% of sector peers (real $). Modeled value above 88% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #1 of 25.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Realta Fusion Inc. · Series B Raised $44.5M · modeled $160.1M (est)e2 Companies LLC · Series B Raised $55.0M · modeled $157.9M (est)Sinda Ltd. · Series B Raised $32.6M · modeled $132.3M (est)Cig Cs3, Llc · Series B Raised $30.5M · modeled $123.5M (est)ZincFive, Inc. · Series B Raised $110.4M · modeled $119.1M (est)Avalanche Energy Designs, Inc. · Series B Raised $57.7M · modeled $116.1M (est)Terrestrial Energy Inc. · Series B Raised $131.0M · modeled $112.6M (est)International Battery Company, Inc. · Series B Raised $40.9M · modeled $108.8M (est)X-Energy Management, LLC · Series B Raised $22.8M · modeled $100.3M (est)Spark Community Investment Co · Series B Raised $29.2M · modeled $99.2M (est)Nuvve Holding Corp. · Series B Raised $35.5M · modeled $98.1M (est)American Resources Corp (this company) Raised $74.2M · modeled $164.8M (est)American Resources Corp
CompanyStageRaised · realValue · estvs peer med.
American Resources Corp this companySeries B$74.2M$164.8M1.71×
Realta Fusion Inc.Series B$44.5M$160.1M1.66×
e2 Companies LLCSeries B$55.0M$157.9M1.64×
Sinda Ltd.Series B$32.6M$132.3M1.37×
Cig Cs3, LlcSeries B$30.5M$123.5M1.28×
ZincFive, Inc.Series B$110.4M$119.1M1.24×
Avalanche Energy Designs, Inc.Series B$57.7M$116.1M1.21×
Terrestrial Energy Inc.Series B$131.0M$112.6M1.17×
International Battery Company, Inc.Series B$40.9M$108.8M1.13×
X-Energy Management, LLCSeries B$22.8M$100.3M1.04×
Spark Community Investment CoSeries B$29.2M$99.2M1.03×
Nuvve Holding Corp.Series B$35.5M$98.1M1.02×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$500K2017-03-07$2.8M$8.1M90%
Series B$33.7M2025-10-14$187.0M$138.8M90%
Series B$40.0M2025-10-16$222.2M$164.8M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$500K2017-03-07
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Series B$33.7M2025-10-14
    • Raised again after 103 mo — slower than the ~12 mo sector norm.
    • Round 67.3× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Series B$40.0M2025-10-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
Intelligence
2030 ~Q1
Modeled next raise · ~52mo cadence
$47.5M
Modeled next size est.range $40.0M$76.1M
1.2×
Last step-up
$8.6M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Mark C. Jensen2 other2017-03
Thomas M. Sauve1 other2017-03
Courtenay O. Taplin2025-10
Gerardine R. Botte2025-10
Josh R. Hawes2025-10
Kirk P. Taylor2017-03
Tarlis R. Thompson2025-10
Registry & provenance

American Resources Corp is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1590715
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Quest Energy CorpOther EnergySeed$1.3M$16.6Mnetwork2 shared operators · same sector
CAPSTONE TURBINE CorpOther EnergySeries B$74.7M$60.5Msame sector · same stage
eSolar, Inc.Other EnergySeries B$77.8M$148.7Msame sector · same stage
Infinite Invention, Inc.Other EnergySeries B$65.4M$172.3Msame sector · same stage
Pacific Ethanol, Inc.Other EnergySeries B$65.2M$257.5Msame sector · same stage
Blue Earth, Inc.Other EnergySeries B$65.1M$126.5Msame sector · same stage
Modern Electron, Inc.Other EnergySeries B$87.8M$122.5Msame sector · same stage
GreenVolts, Inc.Other EnergySeries B$89.0M$232.3Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
American Mineral Technologies CorpOther EnergyPre-Seed$690K94%
Energy Services of America CORPOther EnergySeed$4.8M92%
Alx Resources Corp.Other EnergyPre-Seed$3.5M91%
Houston American Energy CorpOther EnergySeries D+$2.5B90%
IA Energy Corp.Other EnergySeries A$116.3M89%
Energy Materials CorpOther EnergySeed$40.8M88%
Gold Holdings, LlcOther EnergySeries C$119.7M88%
American Pacific Borate & Lithium LtdOther EnergySeed$26.0M88%
Frequently asked
How much funding has American Resources Corp raised?
American Resources Corp has raised approximately $74.2M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is American Resources Corp's estimated valuation?
Provath's modeled valuation for American Resources Corp is approximately $164.8M (modeled range $95.0M–$230.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is American Resources Corp at?
American Resources Corp's latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Oct 16.
What does American Resources Corp do and where is it based?
American Resources Corp operates in the Other Energy sector, based in Fishers.
Explore related

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