Plum IV and American Critical Resources sign non-binding LOI for business combination

Plum Acquisition Corp, IV

ACR targets up to 100,000 metric tons annual lithium carbonate from Hell's Kitchen project at Salton Sea, CA.
Project expected to deliver 50 MW renewable baseload electricity; over $285M in private investment secured to date.
Definitive Feasibility Study validated by Baker Hughes; Idaho National Laboratory identifies additional critical minerals.
No definitive agreement yet; transaction subject to due diligence, board/shareholder approvals, and regulatory clearances.

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