American Resources' Electrified Materials to Acquire Blackion in $13.2 Million All-Stock Deal

09:07 AM EDT, 09/21/2026 (MT Newswires) -- American Resources' (AREC) majority-owned Electrified Materials unit agreed to acquire Blackion in an all-stock deal valued at about $13.2 million, the company said Monday. The deal consideration will be paid in Electrified Materials shares based on a $275 million pre-money valuation, with 50% issued at closing and the remaining shares issued after 12 and 24 months, the company said. The acquisition will expand Electrified Materials' battery feedstock and critical materials platform, including battery chemistries, manufacturing scrap, black mass and critical mineral feedstocks, it added. American Resources shares were up 1.5% in premarket activity.