American Metals Group

American Metals LLC, a subsidiary of American Resources Corporation, announced a proposed business combination with AI Transportation Acquisition Corp valued at $170 million. The combined company will be listed on Nasdaq as Electrified Materials Corporation.

American Resources Corporation's subsidiary American Metals LLC has executed a business combination agreement with Nasdaq-listed SPAC AI Transportation Acquisition Corp, valuing the combined company at $170 million. The new entity, Electrified Materials Corporation, will list on Nasdaq under ticker EMCO.

American Resources Corporation's subsidiary American Metals LLC executed a business combination agreement with AI Transportation Acquisition Corp, valuing the combined company at $170 million.

American Metals Group plans to bring 80 jobs to Childersburg, Alabama.