Diligence memo · auto-generated · as of July 2, 2026
American Resources Corp
American Resources Corp looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
American Resources Corp operates in Other Energy, based in Fishers.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
American Resources Corp has raised $74M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $40M on 2025-10-16.
Most recent recorded round closed around 2025-10-16.
Valuation (modeled)modeled
Provath models American Resources Corp at approximately $165M (range $95M–$231M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 52 months.
Last raise 9 mo ago; this sector typically re-raises about every 12 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 1.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 93% of Other Energy peers (2049 compared).
Modeled value ranks above 88% of those peers.
Closest niche peers: Realta Fusion Inc., e2 Companies LLC, Sinda Ltd., Cig Cs3, Llc, ZincFive, Inc..
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.