American Resources unit to buy Blackion in $13.2 mln stock deal

Electrified Materials, a majority-owned unit of American Resources Corporation, signed a binding letter of intent to acquire Blackion in an all-stock deal valued at about $13.2 million. The transaction is based on an agreed $275 million pre-money valuation for Electrified Materials, with equity issuance staged over 24 months tied to integration objectives. The deal aims to expand Electrified Materials' critical materials platform by adding battery lifecycle management, reverse logistics, and feedstock origination, focusing on lithium-ion battery materials.