Item 8.01. Other Events.
REX American Resources Corporation ("the Company") announced today that it has
resumed production at its NuGen Energy ethanol plant. Both of the Company's
consolidated ethanol plants are currently operating as the Company previously
resumed production at its One Earth Energy ethanol plant.
About REX American Resources Corporation
REX American Resources has interests in six ethanol production facilities, which
in aggregate shipped approximately 650 million gallons of ethanol over the
twelve-month period ended April 30, 2020. REX's effective ownership of the
trailing twelve-month gallons shipped (for the twelve months ended April 30,
2020) by the ethanol production facilities in which it has ownership interests
was approximately 226 million gallons. In addition, the Company acquired a
refined coal operation on August 10, 2017. Further information about REX is
available at www.rexamerican.com.
This report contains or may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such statements
can be identified by use of forward-looking terminology such as "may," "expect,"
"believe," "estimate," "anticipate" or "continue" or the negative thereof or
other variations thereon or comparable terminology. Readers are cautioned that
there are risks and uncertainties that could cause actual events or results to
differ materially from those referred to in such forward-looking statements.
These risks and uncertainties include the risk factors set forth from time to
time in the Company's filings with the Securities and Exchange Commission and
include among other things: the effect of pandemics such as COVID-19 on the
Company's business operations, including impacts on supplies, demand, personnel
and other factors, the impact of legislative and regulatory changes, the price
volatility and availability of corn, distillers grains, ethanol, non-food grade
corn oil, gasoline and natural gas, ethanol and refined coal plants operating
efficiently and according to forecasts and projections, changes in the
international, national or regional economies, weather, results of income tax
audits, changes in income tax laws or regulations, the impact of U.S. foreign
trade policy, changes in foreign currency exchange rates and the effects of
terrorism or acts of war. The Company does not intend to update publicly any
forward-looking statements except as required by law.
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