Mar. 18 at 7:51 PM
This is lowkey HUGE news that I don't see anyone really talking about. Smart move for both the parent company,
$AREC and the standalone company to be, EMCO/ReElement.
Keeps AREC's balance sheet cleaner, gives ReElement the initial capital they'll need to operate and ultimately spin-off, and most importantly the share structure of AREC remains unaltered (which IMO is in the shareholder's best interests).
Had there been any inkling of a capital raise via dilution, many of you would have be whining!
Overall, STRONG move. Good to see progress being made in an emerging domestic space.