Business
American Resources Corporation Announces Filing of Form 10 Registration Statement for Planned Spin-Off of ReElement Technologies
Commercialization success has positioned ReElement to become a standalone public company leading the critical and rare earth minerals industry with
About this update from American Resources Corporation
[{"type":"text","content":"Commercialization success has positioned ReElement to become a standalone public company leading the critical and rare earth minerals industry with purification and refining methodsPatented chromatography technology is low cost and environmentally safe enabling the Company to collaboratively provide scalable localized refining solutions for rare earth and critical battery mineralsFISHERS, IN / ACCESSWIRE / January 24, 2023 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\" or the \"Company\"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced the filing of the Form 10 registration statement with the U.S. Securities and Exchange Commission (\"SEC\") for the planned spin-off of its ReElement Technologies LLC (\"ReElement\") division into a standalone public company.Mark Jensen, CEO of American Resources Corporation commented, \"We are extremely excited about our progress as a business, the milestones we have achieved in producing ultra-high pure and sustainable rare earth and critical minerals from domestic sources, and the numerous opportunities we have in front of us. We believe our strategic positioning within the market is unique as a value-added provider of the most efficient and environmentally-safe critical minerals refining solutions ever developed. Our consumer, energy and defense industries require these specific minerals to function and our domestic supply chain requires safe, flexible and low-cost refining capacity to exist and thrive. We are confident that our patented and proprietary refining methods will be an important contributor to our domestic manufacturing and supply chain development as well as our national security and sustainability needs. Our management, board of directors and special committee concur that our ReElement division holds exemptional value to both our shareholders and our domestic supply chain. Given our current position in the marketplace we believe that spinning-off ReElement into a pure play company will help unlock the value of the business for all of our shareholders.\"The Form 10 includes detailed information about ReElement Technologies, including an overview of its business and strategy, historical information and comp...