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NEWS
American Resources Corporation's American Infrastructure Corporation to Become Publicly Listed Through Merger with CGrowth Capital, Inc.
Monday, 6th January at 8:00 am
The platform will focus on expansion through organic growth and strategic acquisitions of additional infrastructure-related assets
Following the audit of the combined entity, the company will pursue an uplisting to a senior national exchange
FISHERS, IN / ACCESSWIRE / January 6, 2025 / American Resources Corporation's (NASDAQ: AREC) ("American Resources" or the "Company") subsidiary American Infrastructure Corporation ("AIC"), a raw material supplier to the infrastructure marketplace with a focus on iron ore, titanium and metallurgical carbon, has entered into a binding term sheet to merge with CGrowth Capital, Inc. (OTC: CGRA) ("CGrowth Capital" or "CGRA") as part of its spin out from American Resources Corporation. In conjunction with the merger with CGRA, the company has developed a structure to support future financing for both organic and acquisition growth within the infrastructure marketplace, aligning with its overall business strategy.
Mark Jensen, Executive Chairman of American Infrastructure Corporation, commented, "We believe this merger with CGrowth Capital represents a significant milestone for American Infrastructure and its shareholders, advancing our goal of achieving a senior exchange listing and providing a pathway for capital to support growth initiatives, both organic and through strategic acquisitions. As one of the last remaining metallurgical carbon growth platforms, we are confident in the strength of our asset base, which we believe is among the lowest cost in the industry. Over the next four years, we are well positioned to drive production and cash flow for our investors with relatively minimal capital expenditure required. We also believe this is an opportune time to be a pure-play infrastructure company, especially with the increasing focus on domestic infrastructure initiatives in the United States. Our strategy remains centered on leveraging our royalty and leasehold production model, which allows us to generate cash flow by partnering with experienced local operators who have a proven track record of success in the region. We are optimistic about the opportunities ahead in 2025 as we continue to grow the business. We also want to extend our gratitude to Nick Link and his team for their efforts establishing a strong platform like CGrowth Capital".
Monday, 6th January at 8:00 am
The platform will focus on expansion through organic growth and strategic acquisitions of additional infrastructure-related assets
Following the audit of the combined entity, the company will pursue an uplisting to a senior national exchange
FISHERS, IN / ACCESSWIRE / January 6, 2025 / American Resources Corporation's (NASDAQ: AREC) ("American Resources" or the "Company") subsidiary American Infrastructure Corporation ("AIC"), a raw material supplier to the infrastructure marketplace with a focus on iron ore, titanium and metallurgical carbon, has entered into a binding term sheet to merge with CGrowth Capital, Inc. (OTC: CGRA) ("CGrowth Capital" or "CGRA") as part of its spin out from American Resources Corporation. In conjunction with the merger with CGRA, the company has developed a structure to support future financing for both organic and acquisition growth within the infrastructure marketplace, aligning with its overall business strategy.
Mark Jensen, Executive Chairman of American Infrastructure Corporation, commented, "We believe this merger with CGrowth Capital represents a significant milestone for American Infrastructure and its shareholders, advancing our goal of achieving a senior exchange listing and providing a pathway for capital to support growth initiatives, both organic and through strategic acquisitions. As one of the last remaining metallurgical carbon growth platforms, we are confident in the strength of our asset base, which we believe is among the lowest cost in the industry. Over the next four years, we are well positioned to drive production and cash flow for our investors with relatively minimal capital expenditure required. We also believe this is an opportune time to be a pure-play infrastructure company, especially with the increasing focus on domestic infrastructure initiatives in the United States. Our strategy remains centered on leveraging our royalty and leasehold production model, which allows us to generate cash flow by partnering with experienced local operators who have a proven track record of success in the region. We are optimistic about the opportunities ahead in 2025 as we continue to grow the business. We also want to extend our gratitude to Nick Link and his team for their efforts establishing a strong platform like CGrowth Capital".
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