Michael Alicastra's questions to American Resources Corp (AREC) leadership • Q3 2024
Question
Michael Alicastra inquired about the target date for the ReElement spin-off, whether it would be a public company from its inception, and the future corporate structure of American Resources. He also asked about the potential for accelerated revenue growth at ReElement in 2025.
Answer
Mark Jensen, Chairman and CEO, confirmed the ReElement spin-off record date is set for late December with a distribution date of February 15, and the intention is for it to be a liquid, public security from day one. He clarified that American Resources will remain the holding company, retaining about 80% of American Infrastructure, with plans to spin that off separately. Jensen will become CEO of ReElement, and a new CEO will lead American Resources. He affirmed strong confidence that ReElement's revenue will accelerate significantly in mid-2025 as the Marion facility becomes fully operational.