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MARCH 7, 2024 2:30 PM

American Resources Corporation's Board of Directors Approves ReElement
Technologies Corporation's Proposed Term Sheet From Investment Fund
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.

Mark Jensen, CEO of American Resources Corporation said, "We appreciate the
passion and energy that our investors have for our subsidiaries, including
ReElement Technologies Corporation. The term sheet that we have received from
this investment fund has been accepted by our board of directors. The terms and
proposed capital will provide additional fuel for ReElement to significantly
expedite its domestic and international growth and enables us to unlock value
for our shareholders. Furthermore, members of management, including myself, are
excited to participate in the round to help capitalize the division and execute
upon our strategy. Over the last few months, we have been approached by numerous
parties looking to partner with ReElement in the rare earth and critical battery
materials sector to assist in the refining of their virgin ores or recycled
feedstocks and are excited to announce these partners ranging from mining
companies to large domestic auto manufacturers in the near term."

The term sheet was provided by an investor that proposed an investment of common
stock of ReElement Technologies Corporation and has been provided in an 8k on
March 5th, 2024 which is linked here.

Learn more about ReElement Technologies' process and technology here - Video.

About American Resources Corporation

American Resources Corporation (NASDAQ: AREC) is a next-generation,
environmentally and socially responsible supplier of high-quality raw materials
to the new infrastructure market. The Company is focused on the extraction and
processing of metallurgical carbon, an essential ingredient used in steelmaking,
critical and rare earth minerals for the electrification market, and reprocessed
metal to be recycled. American Resources has a growing portfolio of operations
located in the Central Appalachian basin of eastern Kentucky and southern West
Virginia where premium quality metallurgical carbon and rare earth mineral
deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on
growth, which provides a significant opportunity to scale its portfolio of
assets to meet the growing global infrastructure and electrification markets
while also continuing to acquire operations and significantly reduce their
legacy industry risks. Its streamlined and efficient operations are able to
maximize margins while reducing costs. For more information visit
americanresourcescorp.com or connect with the Company on Facebook, Twitter, and
LinkedIn.

About ReElement Technologies Corporation

ReElement Technologies Corporation is redefining how critical and rare earth
elements are both sourced and processed while focusing on the recycling of
end-of-life products such as rare earth permanent magnets and lithium-ion
batteries, as well as coal-based waste streams and byproducts to create a
low-cost and environmentally-safe, circular supply chain. ReElement has
developed its innovative and scalable "Capture-Process-Purify" process chain in
conjunction with its licensed intellectual property including 16 patents and
technologies and sponsored research partnerships with three leading universities
to support the domestic supply chain's growing demand for magnet and battery
metals. For more information visit reelementtech.com or connect with the Company
on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking statements
involve known and unknown risks, uncertainties, and other important factors that
could cause the Company's actual results, performance, or achievements or
industry results to differ materially from any future results, performance, or
achievements expressed or implied by these forward-looking statements. These
statements are subject to a number of risks and uncertainties, many of which are
beyond American Resources Corporation's control. The words "believes", "may",
"will", "should", "would", "could", "continue", "seeks", "anticipates", "plans",
"expects", "intends", "estimates", or similar expressions are intended to
identify forward-looking statements, although not all forward-looking statements
contain such identifying words. Any forward-looking statements included in this
press release are made only as of the date of this release. The Company does not
undertake any obligation to update or supplement any forward-looking statements
to reflect subsequent events or circumstances. The Company cannot assure you
that the projected results or events will be achieved.

Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com

RedChip Companies Inc.
Robert Foley
1-800-RED-CHIP (733-2447)
Info@redchip.com

Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com

SOURCE: American Resources Corporation



View the original press release on accesswire.com