Spin-offs/American Resources Corporation → ReElement Technologies Corporation

ReElement Technologies Corporation

Spin-off from American Resources Corporation (AREC) · Form 10 filed Jan 2023 · Nasdaq (planned, symbol RLMT)

Announced

Jul 27, 2022

Form 10 filed

Jan 24, 2023

Record date

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Expected distribution

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Ratio

1 : 2

Debt loaded

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Cash to parent

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Latest filing

Oct 11, 2023

one half share of ReElement for every share of American Resources

Documents

Form 10 Information statement New company filings Parent filings Company site

Both companies today

The new company

ReElement Technologies Corporation

No ticker yet; the numbers follow the listing.

The parent

American Resources CorporationAREC

Market cap

$180M

Moat

None

Quality

Price

$2.43

Fair value

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Price / FV

—

Moat ratings, quality scores and fair value estimates are MoatScope research opinions and refresh with the data pipeline. Price / FV below 1.00× means the shares trade under our base-case estimate.

What is being separated

ReElement Technologies refines and purifies rare earth and critical elements — including material recovered from magnets and batteries — using a licensed chromatography process, for use in permanent magnets and lithium-ion batteries.

Stated rationaleAmerican Resources said separating the refining business would let investors value it apart from the coal operations.

The four questions

The four-question write-up for ReElement Technologies Corporation is pending. Terms, documents and both companies’ numbers above are live; the checklist is added once the information statement has been worked through.

Not investment advice. Terms are as stated in the latest filing; spin-off shares are often thinly covered and volatile in their first months.