American resources corporation provides update on strategic review for value creating events

Announces plan to spin-off reelement technologies subsidiary into a standalone public company announces the repurchase of a 7.5% interest of reelement technologies making it again as a wholly owned subsidiary fishers, in / accesswire / october 27, 2022 / 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 an update on its strategic review to enhance shareholder value. through its previously announced special committee, the company has 1) announced its plan to file a form 10 registration statement with the u.s. securities and exchange commission ("sec") to spin-off its reelement technologies llc ("reelement") division into a standalone public company, and 2) approved and successfully repurchased a 7.5% interest of reelement making it again a wholly owned subsidiary of american resources.
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