American Resources Corporation (NASDAQ: AREC) received a notice from Nasdaq indicating non-compliance with listing rules due to a delayed quarterly report filing for the quarter ended March 31, 2026.

The notice from Nasdaq's Listing Qualifications Department cites violation of Listing Rule 5250(c)(1) for failure to timely file the Form 10-Q with the Securities and Exchange Commission. The notice does not immediately affect the company's stock listing or trading on the Nasdaq Capital Market.

The filing delay follows completion of the company's audited Form 10-K for 2025, which reflected a multi-year restructuring including deconsolidation of certain operations and removal of a going concern qualification. American Resources is working with its independent accounting firm to complete the Form 10-Q filing within Nasdaq's compliance period.

"The delayed filing of our first quarter Form 10-Q is a direct result of the substantial accounting and audit work associated with completing our 2025 Form 10-K, which reflected a transformational restructuring of American Resources," said Mark Jensen, Chairman and Chief Executive Officer.

The restructuring positioned American Resources as a supplier of rare earth and critical mineral feedstocks for domestic supply chains. The company sources materials for advanced refining platforms including ReElement Technologies Corporation, an affiliated minority holding, and wholly owned subsidiary Electrified Materials Corporation.

American Resources intends to regain Nasdaq compliance upon filing its Form 10-Q and will provide updates as appropriate, according to the company's statement.