We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AREC's ReElement Partners SAGINT on Tokenized Mineral Traceability
Read MoreHide Full Article
Key Takeaways
American Resources partners with SAGINT to tokenize refined minerals for secure tracking.
SAGINT's platform converts ReElement materials into blockchain-backed tokens tied to warehouse receipts.
American Resources also takes an equity stake in SAGINT to support long-term innovation and growth.
American Resources Corporation (AREC - Free Report) , through its portfolio company, ReElement Technologies, has announced a collaboration with SAGINT Inc. to introduce a blockchain-enabled tokenization system designed to enhance global traceability of critical and rare-earth minerals. SAGINT will deploy its institutional-grade tokenization platform to convert ReElement’s refined minerals, such as rare-earth elements, into digital assets backed by authenticated, blockchain-secured warehouse receipts.
The companies stated that this digital framework will allow every unit of material to be traced from its extraction source through ReElement’s refining and separation processes and ultimately to commercial and defense customers, creating an immutable, transparent record of provenance. American Resources also announced that it is taking a strategic equity position in SAGINT to support long-term innovation and growth.
The tokenization initiative is intended to strengthen compliance for customers in sectors with stringent sourcing requirements, reduce geopolitical and counterparty risk, open new avenues for cross-border financing based on verified inventory and help establish what the partners describe as one of the most secure and accountable critical-mineral supply chains in the marketplace.
Shares of AREC are up 116.7% over the last year compared with its industry’s modest 13.7% rise.
The Zacks Consensus Estimate for FSM’s current-year earnings is pegged at 81 cents per share, indicating a 76.1% year-over-year increase. Shares of FSM are up 95.7% in the past year.
The Zacks Consensus Estimate for HL’s current fiscal-year earnings is 38 cents per share, implying a 246% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 26%.
The Zacks Consensus Estimate for CSW’s current fiscal-year earnings is pegged at $10.4 per share, indicating a 24% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 7%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AREC's ReElement Partners SAGINT on Tokenized Mineral Traceability
Key Takeaways
American Resources Corporation (AREC - Free Report) , through its portfolio company, ReElement Technologies, has announced a collaboration with SAGINT Inc. to introduce a blockchain-enabled tokenization system designed to enhance global traceability of critical and rare-earth minerals. SAGINT will deploy its institutional-grade tokenization platform to convert ReElement’s refined minerals, such as rare-earth elements, into digital assets backed by authenticated, blockchain-secured warehouse receipts.
The companies stated that this digital framework will allow every unit of material to be traced from its extraction source through ReElement’s refining and separation processes and ultimately to commercial and defense customers, creating an immutable, transparent record of provenance. American Resources also announced that it is taking a strategic equity position in SAGINT to support long-term innovation and growth.
The tokenization initiative is intended to strengthen compliance for customers in sectors with stringent sourcing requirements, reduce geopolitical and counterparty risk, open new avenues for cross-border financing based on verified inventory and help establish what the partners describe as one of the most secure and accountable critical-mineral supply chains in the marketplace.
Shares of AREC are up 116.7% over the last year compared with its industry’s modest 13.7% rise.
AREC Zacks Rank & Other Key Picks
AREC currently carries a Zacks Rank of #2 (Buy).
Other top-ranked stocks in the Basic Materials space include Fortuna Mining Corporation (FSM - Free Report) , Hecla Mining Company (HL - Free Report) and CSW Industrials (CSW - Free Report) . FSM, HL and CSW carry a Zacks Rank #2, each. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank here.
The Zacks Consensus Estimate for FSM’s current-year earnings is pegged at 81 cents per share, indicating a 76.1% year-over-year increase. Shares of FSM are up 95.7% in the past year.
The Zacks Consensus Estimate for HL’s current fiscal-year earnings is 38 cents per share, implying a 246% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 26%.
The Zacks Consensus Estimate for CSW’s current fiscal-year earnings is pegged at $10.4 per share, indicating a 24% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 7%.