American resources corporation's board of directors approves reelement technologies corporation's proposed term sheet from investment fund

Term sheet represents a $300,000,000 valuation for reelement technologies and up to $50,000,000 investment round certain members of management agree to coinvest in the round with a commitment of greater than $1,000,000 fishers, in / accesswire / march 7, 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, announced today that the company's board of directors has accepted the unsolicited term sheet received by an investment fund earlier this week. the terms of the proposed investment comes from an investment fund and includes the offer for leading an investment into the company's wholly owned subsidiary, reelement technologies corporation, for a total investment round of up to $50,000,0000 at a "pre-money" valuation of reelement technologies corporation of $300,000,000.
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