美国资源子公司与SPAC合并组建新电池公司

American Resources (NASDAQ:AREC) +17.4% pre-market Monday after saying its American Metals subsidiary and AI Transportation Acquisition Corp. (AITR) have executed a definitive business combination agreement in a deal valued at $170M.

American Metals and AITR will become wholly-owned subsidiaries of a newly formed corporation, Electrified Materials Corp., which will be listed on Nasdaq under the EMCO ticker symbol.

American Metals is a recycler of metals to the electrified economy and processor of used metals and minerals to be recycled and further refined into new steel-based, battery-grade and magnet-grade products.

"By leveraging its regional logistics and infrastructure as well as its knowledge and affiliation with ReElement Technologies Corporation, an industry-leading refining technology platform, American Metals expects to expand its presence in the high-growth market of used steel, rare-earth elements, battery materials while also cleaning up old infrastructure left behind from the declining mining industry," the company said.