American Resources’ Subsidiary Electrified Materials Enters Into Binding LOI To Acquire Blackion In $13.2M All-Stock Transaction

American Resources Corporation's subsidiary, Electrified Materials Corporation (EMCO), has signed a binding Letter of Intent to acquire Blackion LLC in an all-stock transaction valued at approximately $13.2 million, based on a pre-money valuation of EMCO at $275 million. This acquisition aims to enhance EMCO's capabilities in battery lifecycle management and feedstock origination, while also strengthening its partnerships in processing and refining. The transaction is contingent upon the execution of definitive agreements and regulatory approvals, with stock consideration structured to align Blackion's team with the success of the combined platform.