American Resources Corporation Sets Record Date of December 31, 2024 for Special Dividend and Closes Initial Investments of Private Funding for ReElement Technologies Corporation

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ReElement Technologies closes initial investments of its private investment round into ReElement from group of investors including members of management American Resources is distributing 1 share of ...

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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Resources Corporation Sets Record Date of December 31, 2024 for Special Dividend and Closes Initial Investments of Private Funding for ReElement Technologies Corporation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 19:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/american-resources-corporation-sets-record-113000620.html><strong>ACCESSWIRE</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ReElement Technologies closes initial investments of its private investment round into ReElement from group of investors including members of management\nAmerican Resources is distributing 1 share of ...</p>\n\n<a href=\"https://finance.yahoo.com/news/american-resources-corporation-sets-record-113000620.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4156","symbol_name":"煤与消费用燃料","start_time":0,"source_url":"https://finance.yahoo.com/news/american-resources-corporation-sets-record-113000620.html","article_id":"2483737608","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Do.oEOkVhZowxzLk1u9OSA--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/accesswire.ca/5aa5bb1489ed50b88c01875875dd23e9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483737608","pubTimestamp":1731583800,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"ReElement Technologies closes initial investments of its private investment round into ReElement from group of investors including members of management. American Resources is distributing 1 share of ReElement Technologies for every 3 shares of American Resources Corporation as of the Record Date. FISHERS, IN / ACCESSWIRE / November 14, 2024 / FISHERS, IN / ACCESSWIRE / November 14, 2024 / American Resources Corporation  , a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the modern infrastructure and electrification sectors, today announced a special dividend of shares in its wholly owned subsidiary, ReElement Technologies Corporation  . The Special Dividend will be distributed on or about February 15, 2025 to shareholders of record as of December 31, 2024 .American Resources Corporation will be distributing one share of ReElement Technologies Corporation for every three shares American Resources owned as o","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4156":"煤与消费用燃料","AREC":"American Resources Corporation"},"translate_title":"美国资源公司将特别股息记录日期定为2024年12月31日，并完成对ReElement Technologies Corporation的私人融资初始投资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AREC":0.9},"content_text":"ReElement Technologies closes initial investments of its private investment round into ReElement from group of investors including members of management\nAmerican Resources is distributing 1 share of ReElement Technologies for every 3 shares of American Resources Corporation as of the Record Date\nFISHERS, IN / ACCESSWIRE / November 14, 2024 / FISHERS, IN / ACCESSWIRE / November 14, 2024 / 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 modern infrastructure and electrification sectors, today announced a special dividend of shares in its wholly owned subsidiary, ReElement Technologies Corporation (\"ReElement\") (\"Special Dividend\"). The Special Dividend will be distributed on or about February 15, 2025 to shareholders of record as of December 31, 2024 (\"Record Date\").\nAdditionally, the Company is pleased to report that ReElement Technologies, a leading provider of high-performance refining capacity for rare earth and critical battery elements, has successfully closed on initial investments as part of its private financing. This initial investment is part of an ongoing private financing round with a rolling close of up to $20 million. The investments were structured as two-year convertible notes with a 12% annual interest rate. These notes can convert into common shares of ReElement Technologies at a pre-money valuation of $150 million, translating to approximately $1.94 per share of American Resources common stock, based on the common shares outstanding as reported in the last quarter.\nMark Jensen, CEO and Chairman of American Resources Corporation commented, \"Positioning our divisions for growth and maximizing shareholder value is our top priority. ReElement Technologies is the most exciting venture I've ever been part of, and the opportunities to meet the demands of the electrified economy and strengthen national security through a reliable critical mineral supply chain are enormous. Our mission is clear: to set the global standard for refining critical minerals. We're incredibly proud of our team's achievements so far and the strong foundation we've built for future growth. As a standalone company, ReElement will be even better positioned to execute its business plan and formally launch our exceptional Board of Directors.\"\nAmerican Resources Corporation will be distributing one share of ReElement Technologies Corporation for every three shares American Resources owned as of the Record Date.\nThe Company has engaged VStock Transfer, LLC (\"VStock\") as its transfer agent and the special dividend will be handled by VStock. The planned Special Dividend shall be subject to compliance with applicable rules and regulations.\nAbout ReElement Technologies Corporation\nReElement Technologies Corporation, a wholly owned subsidiary of American Resources Corporation (NASDAQ:AREC), is a leading provider of high-performance refining capacity for rare earth and critical battery elements. Its multi-mineral, multi-feedstock platform technology focuses on the refining of recycled material from rare earth permanent magnets and lithium-ion batteries, concentrated ores and brines, as well as coal-based waste streams and byproducts to create a cost effective and environmentally-safe, circular supply chain. ReElement has developed its innovative and scalable \"Powered by ReElement\" process which collaboratively utilizes its exclusively licensed intellectual property within its partners' material processing flow sheets to more efficiently support the global supply chain's growing demand for magnet and battery-grade products. For more information visit reelementtech.com or connect with the Company on Facebook, Twitter, and LinkedIn.\nAbout American Resources Corporation\nAmerican Resources Corporation is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.\nAmerican Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.\nSpecial Note Regarding Forward-Looking Statements\nThis press release contains \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words \"believes\", \"may\", \"will\", \"should\", \"would\", \"could\", \"continue\", \"seeks\", \"anticipates\", \"plans\", \"expects\", \"intends\", \"estimates\", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.\nInvestor Contact:\nJTC Team, LLCJenene Thomas(908) 824 - 0775arec@jtcir.com\nRedChip Companies Inc.Robert Foley1-800-RED-CHIP (733-2447)Info@redchip.com\nCompany Contact:Mark LaVerghetta317-855-9926 ext. 0investor@americanresourcescorp.com\nSOURCE: American Resources Corporation\n\nView the original \npress release on accesswire.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483737608"}