American resources corporation's integrated rare earth, critical element and metallurgical carbon processing facility signs bond purchase agreement for $45,000,000

Wyoming county coal set to be the first commercial producer of rare earth and critical elements from carbon waste streams $45 million tax-exempt industrial development bonds will fund the expansion and technological improvements to the existing metallurgical carbon processing facility as well as the integration and construction of new rare earth processing capacity fishers, in / accesswire / june 1, 2023 / american resources corporation (nasdaq:arec) ("american resources" or the "company"), a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, today announced that it has entered into a bond purchase agreement with hilltop securities, inc., for the sale of the west virginia economic development authority ("wveda") preliminarily approved issuance of, and a volume cap allocation for $45,000,000 of private activity, solid waste disposal facility revenue bonds, series 2023, for the company's wyoming county coal ("wcc") complex located near the town of oceana, west virginia. on may 31, 2023, wcc entered into a bond purchase agreement to sell west virginia development authority solid waste disposal facility revenue bonds, series 2023, at the purchase price of $45,000,000 less an underwriting discount of $900,000.
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