American resources corporation sub-licenses graphene patents to development partner for energy storage development

Sub-licensee goal to further develop graphene patents for the commercialization focusing initially on energy storage applications american carbon materials, our joint venture partner, will receives 50% of operating income from sale of graphene from development partnership american resources receives class a common stock and class b common stock in development partner with plan to distribute series a to underlying shareholders fishers, in / accesswire / march 31, 2021 / 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 sub-licensed on a non-exclusive basis two of its exclusive patents for the production of graphene to novusterra inc. ("novusterra") for an equity stake in novusterra and a portion of future cash flows from the sale of graphene from that entity. novusterra is a privately-held, florida-based company focused on acquiring and developing technologies specific to the electrification market, including rare earth element (ree) deposits, processing facilities and technologies as well as energy storage technologies.
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