American Resources’ EMCO unit to acquire Blackion for $13.2m

FISHERS, Indiana - Electrified Materials Corporation, a majority-owned subsidiary of American Resources Corporation (AREC), has agreed to acquire Blackion LLC in a deal valued at $13.2 million. The acquisition, detailed in a press release, involves the transfer of Blackion's equity interests through an all-stock transaction. Blackion specializes in lithium-ion battery lifecycle management and critical materials solutions, operating both domestically and internationally.

The transaction is entirely stock-based, with EMCO issuing 50% of its shares at closing, followed by 25% each in the subsequent 12 and 24 months, contingent on strategic alignment and integration. EMCO focuses on processing and conditioning various end-of-life products and critical material feedstocks, with the combined entity aiming to serve battery and cell manufacturers, automotive and energy-storage companies, among others.