Let’s make a deal, American Resources unit signs LOI to acquire Blackion in all-stock deal

American Resources Corporation (AREC) announced that its majority-owned subsidiary, Electrified Materials Corporation (EMCO), has signed a binding Letter of Intent to acquire 100% of the equity interests of Blackion LLC in an all-stock transaction.

The deal values Blackion at approximately $13.2 million, based on an agreed $275 million pre-money valuation of EMCO. The consideration will be issued in stages: 50% at closing, 25% after 12 months, and the remaining 25% after 24 months, subject to continued strategic alignment and integration objectives.

Blackion is a lithium-ion battery lifecycle and critical materials solutions provider with operations and strategic relationships across the United States and international markets. Its capabilities include feedstock origination, reverse logistics, battery lifecycle management, material recovery, and closed-loop supply-chain solutions.

The transaction remains subject to the negotiation and execution of definitive agreements, customary closing conditions, and any required corporate or regulatory approvals.