Electrified Materials signs letter of intent to acquire Blackion
Electrified Materials, a majority-owned recycling subsidiary of American Resources, signed a binding letter of intent to acquire Blackion. The proposed all-stock deal would bring together battery lifecycle and critical materials activities, with value tied to an agreed EMCO pre-money valuation.
Electrified Materials (EMCO), the majority-owned recycling subsidiary of American Resources, has signed a binding letter of intent to acquire all of the equity in Blackion.
Blackion is described as a lithium-ion battery lifecycle and critical materials company. The proposed all-stock transaction values Blackion at about $13.2 million, based on an agreed $275 million pre-money valuation of EMCO.
The source does not say when the acquisition would close or provide further terms. It also does not describe Blackion’s operations in detail.