Proactive - Interviews for investors
Proactive - Interviews for investors
Proactive
American Resources says spinning off ReElement division will benefit all stakeholders
4 minutes Posted Oct 31, 2022 at 12:03 pm.
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American Resources Corporation (NASDAQ:AREC) CEO Mark Jensen tells Proactive's Stephen Gunnion that a plan to spin off its ReElement Technologies division into a standalone public company will benefit all stakeholders while giving investors more choice.
Jensen says American Resources will repurchase a 7.5% stake in ReElement, maintaining it as a subsidiary and maximising value for shareholders.