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The latest announcement is out from American Resources Corporation (AREC).
American Resources Corporation’s board members received an unsolicited investment proposal from a shareholder aiming to reshape the company. The proposal suggests restructuring, including spinning off several subsidiaries and focusing on the critical mineral industry. A term sheet accompanying the proposal outlines a potential lead investment in ReElement Technologies Corporation, with a pre-money valuation of $300 million and a financing target between $7 million to $50 million, requiring management’s buy-in. The board is currently reviewing these propositions.
See more insights into AREC stock on TipRanks’ Stock Analysis page.