American Resources Corporation's Electrified Materials Signs Binding LOI to Acquire Blackion, Expanding Critical Materials and Battery Supply Chain Platform

FISHERS, IN / ACCESS Newswire / September 21, 2026 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company") today announced that its majority-owned subsidiary, Electrified Materials Corporation ("EMCO"), has entered into a binding Letter of Intent ("LOI") to acquire 100% of the outstanding equity interests of Blackion LLC ("Blackion") in an all-stock transaction.

Blackion is a lithium-ion battery lifecycle and critical materials solutions provider with operations and strategic relationships across the United States and international markets. The company brings complementary capabilities in feedstock origination, reverse logistics, battery lifecycle management, material recovery and commercialization, traceability, and closed-loop supply-chain solutions.