American resources corporation provides update on strategic, value-creating initiatives

Reelement technologies converts to a corporation in preparation for its spinoff into a standalone public company fishers, in / accesswire / october 11, 2023 / american resources corporation's (nasdaq:arec) ("american resources" or the "company") reelement technologies llc ("reelement"), a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today that reelement technologies has filed the necessary paperwork to convert from a llc (limited liability company) to a corporation in preparation of its spinoff into a standalone public company under the name reelement technologies corporation with a reserved ticker of rlmt. conversion of the company to a corporation will allow for the common shares of reelement to be distributed proportionally to the shareholders of american resources corporation, at a record date that will be set by the board of directors and communicated to shareholders.
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