other material
confidence high
sentiment neutral
materiality 0.50
ACRG subsidiary signs non-binding JV term sheet with ENERG4 for mineral processing JV
American Clean Resources Group, Inc.
- TCP will hold 51% of Nexus 7 Elements LLC; ENERG4 and IP Partners hold 49%.
- TCP contributes initial capital; ENERG4/IP Partners contribute technology, engineering, equipment.
- Pilot facility at 207-acre site in Winnie, Texas with ~34,000 sq ft processing space.
- Commercial deployment, if pursued, expected at ACRG's Greenway facility in Nevada.
- Term sheet is non-binding; no assurance definitive agreements will be executed.