AREC - American Resources rallies on subsidiary entering into JV

American Resources' (AREC) +28% PM, subsidiary, American Rare Earth entered into a JV with Gerardine Botte, Ph.D., a Texas Tech University Professor and the Whitacre Department Chair in Chemical Engineering, for developing and commercializing technologies for critical elements and graphene production from carbon-based deposits under the newly established and jointly controlled limited liability company, Advanced Carbon Materials.Also, the company appointed Gerardine to its board as an independent director.American Rare Earth will own a 49% equity interest and 95% revenue interest in Advanced Carbon Materials.

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American Resources rallies on subsidiary entering into JV