American Resources files Form 10 for spin-off of ReElement Technologies

American Resources Corp

Filing of Form 10 with SEC for spin-off of ReElement into standalone public company.
Distribution ratio: ½ share of ReElement common stock per share of AREC, intended tax-free.
ReElement to ramp to 25,000 tpa lithium from recycled/virgin sources and 2,000 tpa rare earth elements.
ReElement will convert from LLC to corporation, establish independent board and officers.
Spin-off subject to SEC effectiveness; up to 90% of ReElement stock to be distributed to AREC shareholders.

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