black mass

Electrified Materials Signs LOI to Acquire Battery Lifecycle Firm Blackion in $13.2M All-Stock Deal

Electrified Materials (EMCO), American Resources' majority-owned recycling subsidiary, has signed a binding letter of intent to acquire lithium-ion battery lifecycle and critical materials company Blackion in an all-stock deal valued at about $13.2 million. The acquisition aims to strengthen EMCO's closed-loop battery materials platform, including LFP recycling and black mass processing, by adding Blackion's feedstock origination, reverse logistics and traceability capabilities.