American resources corporation's rare earth division receives investment and enters into long-term, strategic partnership with the heritage group
The heritage group brings ~100 years of experience and innovation in transportation and infrastructure materials, environmental services and specialty chemicals to american rare earth partnership with the heritage group supports the development of american rare earth's circular economy supply chain partnerships and customer base synergies expedite the path to being the first and lowest cost producer of domestically-sourced, purified and sustainable battery and magnet metals heritage's investment will equal 7.5% of american rare earth llc and have a right to invest $50 million at a $300 million pre-money valuation fishers, in / accesswire / january 11, 2022 / 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 its strategic partnership between its wholly owned subsidiary, american rare earth llc ("american rare earth"), and the venture capital investment arm of the heritage group, hg ventures llc ("heritage"); a multi-generational business with a diverse range of operating companies focused on innovation in material science, chemistry and environmental services which includes a major stake in the largest and most comprehensive battery recycling platform in north america. american rare earth and heritage will be expediting the path of being the united states' first and lowest cost producer of domestically-sourced, purified and sustainable battery and magnet metals.
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