Electrified Materials signs letter of intent to acquire battery lifecycle firm Blackion

T2Covered by 1 source · first reported by electrive / Charged EVs / The Autopian / Sustainable Bus at 30 Sept, 13:08 UTC

Electrified Materials (EMCO), the majority-owned recycling subsidiary of American Resources, has signed a binding letter of intent (LOI) to acquire all of the equity in Blackion, a lithium-ion battery lifecycle and critical materials company. The all-stock deal values Blackion at about $13.2…