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American Resources Corp Secures $50 Million Investment Deal

Last Update 08 March 2024

American Resources Corporation (NASDAQ: AREC) has received a $50 million investment proposal for its subsidiary, ReElement Technologies Corporation, valuing it at $300 million pre-money. Spearheaded by an undisclosed fund, the offer involves purchasing common stock, with over $1 million committed by American Resources management. The information is based on a press release statement.

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