American resources corporation sets record date of march 6, 2024 for special dividend of its holdings in novusterra inc.

Novusterra has filed an s1 registration statement to prepare for a public listing which is currently under review by the securities and exchange commission american resources is distributing 1 share of novusterra inc. for every 12 shares of american resources corporation owned as of the record date in preparation of its proposed public listing fishers, in / accesswire / march 1, 2024 / 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 that it has set a record and ex-dividend date to distribute a majority of the shares it holds in novusterra inc. via a special dividend to its underlying shareholders of record. mark jensen, ceo and chairman of american resources corporation commented, "we are very pleased with the execution that novusterra has demonstrated over the last twelve months; signing high value partnerships with kenai defense along with the united states army and united states air force as well as furthering its technology development.
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