Company: REX
Filing Date: 2025-06-04
Form Type: 10-Q
Source: 0000930413-25-001941
Chunk: 86

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-06-04
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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5, we had spent $56.3 million since inception and were contractually committed to
spend an additional $0.9 million toward the carbon sequestration project. As of April 30, 2025, we had spent $66.4 million since
inception and were contractually committed to spend an additional $8.3 million toward plant capacity expansion and CI scoring
reduction efforts. For all projects, we plan to spend $60 million to $80 million during the remainder of fiscal year 2025.

We have a stock buyback program with 1,181,963
shares remaining authorized at April 30, 2025. We typically repurchase our common stock when our stock price is trading at a price
we deem to be a discount to the underlying value of our net assets. We continue to seek investment opportunities, including ethanol
and/or energy related, carbon sequestration related, agricultural or other ventures, we believe meet our investment criteria.

Forward-Looking Statements

This Form 10-Q contains or may contain
forward-looking statements as defined in 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 impact
of legislative and regulatory changes, the price volatility and availability of corn, distillers grains, ethanol, distillers corn
oil, gasoline and natural gas, commodity market risk, ethanol plants operating efficiently and according to forecasts and projections,
logistical interruptions, success in permitting and developing the planned carbon sequestration facility near the One Earth Energy
ethanol plant, changes in the international, national or regional economies, the impact of inflation, the ability to attract employees,
weather, results of income tax audits, changes in income tax laws or regulations, the impact of U.S. foreign trade policy and
tariffs, changes in foreign currency exchange rates, the effects of terrorism or acts of war and the effect of pandemics on the
Company’s business operations, including

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