M&A
confidence high
sentiment neutral
materiality 0.60
Standard Metals Processing to acquire controlling interest in Sustainable Metal Solutions
American Clean Resources Group, Inc.
- Company executed definitive agreement on January 10, 2022 to acquire controlling interest in Sustainable Metal Solutions, LLC.
- Purchase price will be based on SMPR common stock price on closing date, subject to due diligence and conditions.
- Company will file a registration statement with SEC for shares issued in the transaction.
- Granite Peak Resources acquired a judgment previously held by Stephen Flechner against the Company, paid in full on January 10, 2022.
- SMS focuses on carbon neutral precious metals and minerals to drive American mineral independence and reduce climate impacts.