American Resources Corporation’s wholly owned subsidiary, ReElement Technologies Corporation has closed the bond purchase agreement for the previously announced $44.9 million of local incentives from the City of Marion, Indiana in the form of an Economic Development Revenue Bond. This bond is being issued by the city as incentive for ReElement Technologies to construct a state-of-the-art, commercial scale lithium, critical minerals, and rare earth elements refining facility utilizing ReElement Technologies’ proprietary and patented chromatography technologies at the Company’s recently announced 42-acre campus in Marion, Indiana.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AREC:
- American Resources’ ReElement receives court approval for bond issuance
- American Acquisition Opportunity closes acquisition of Royalty Management
- American Resources’ ReElement produces ultra-high purity, battery-grade lithium
- American Resources’ ReElement names Neel Jani as brand ambassador
- American Resources’ ReElement files to convert from LLC to corporation
