American Resources receives unsolicited proposal to spin off subsidiaries; ReElement valued at $300M

American Resources Corp

Unsolicited letter from shareholder/former board member proposes spinout/sale of American Carbon, ReElement, and Novusterra.
ReElement term sheet: pre-money valuation $300M, financing $7M-$50M in common stock.
Management participation in ReElement round required; certain members agreeable.
Post-spinout, company would focus on critical mineral industry growth; proposal under review.

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