Company: REX
Filing Date: 2025-06-04
Form Type: 10-Q
Source: 0000930413-25-001941
Chunk: 89

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-06-04
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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 Directors authorized the
                                                                 repurchase from time to time of up to an additional 1,500,000
                                                                 shares through open market transactions, privately negotiated
                                                                 transactions, or transactions by other means in accordance with
                                                                 applicable securities laws. At April 30, 2025, a total of 1,181,963
                                                                 shares remained available to purchase under this authorization.

Item 3. Defaults upon Senior Securities

Not Applicable

37

Item 4. Mine Safety Disclosures

Not Applicable

Item 5. Other Information

Not Applicable

Item 6. Exhibits

The following exhibits are filed
with this report:

    31
    Rule 13a-14(a)/15d-14(a) Certifications

    32
    Section 1350 Certifications

    101  
    The following information from REX American
    Resources Corporation Quarterly Report on Form 10-Q for the quarter ended April 30, 2025,
    formatted in iXBRL: (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements
    of Equity, (iv) Consolidated Statements of Cash Flows and (v) Notes to Consolidated Financial Statements.

38

SIGNATURES

Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

    REX American Resources Corporation
    Registrant

    Signature
     
    Title
     
    Date

    /s/ Zafar A. Rizvi

(Zafar A. Rizvi)

    Chief Executive Officer and President

(Chief Executive Officer)

    June 4, 2025

    /s/ Douglas L. Bruggeman

(Douglas L. Bruggeman)

    Vice President, Finance and Treasurer

(Chief Financial Officer)

    June 4, 2025

39

Forward purchase contracts assets are included in “Prepaid expenses and other” on the accompanying Consolidated Balance Sheets. These contracts are for purchases of approximately 8.1 million and 16.8 million bushels of corn at April 30, 2025 and January 31, 2025, respectively.
Forward purchase contracts liabilities are included in “Accrued expenses and other current liabilities” on the accompanying Consolidated Balance Sheets. These contracts are for