Standard Metals signs LOI to acquire SMS; majority shareholder buys judgment against company

American Clean Resources Group, Inc.

Executed LOI to acquire controlling interest in Sustainable Metal Solutions, LLC; definitive terms pending due diligence.
Majority shareholder Granite Peak Resources acquired Stephen Flechner's judgment against the company on Nov 29, 2021.
Previous agreement formed JV where company contributes solar energy rights on 1,086 acres for SMS to develop.
No dollar figures or closing timeline disclosed for the acquisition or the judgment acquisition.

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