American Resources unit Electrified Materials signs LOI to buy Blackion in USD 13.2 million stock deal

Electrified Materials, a majority-owned American Resources unit, signed a binding LOI to acquire Blackion in an all-stock deal.

Blackion is valued at about $13.2 million, based on an agreed $275 million pre-money valuation for Electrified Materials.

Equity issuance is staged: 50% at closing, 25% after 12 months, and 25% after 24 months, tied to integration objectives.

The deal adds battery lifecycle management, reverse logistics, and feedstock origination to expand Electrified Materials’ critical materials platform.

The focus includes lithium-ion battery materials such as LFP, manufacturing scrap, black mass, and rare-earth magnet materials for downstream refining.