American Resources considers strategic options for unit, shares surge

American Resources

07/10/2020 17:00

** Raw material supplier's shares  AREC.O  up 100.61% at
$3.23 
    ** Co says it is considering  various strategic options to
further develop its newly unveiled wholly owned subsidiary,
American Rare Earth LLC  urn:newsml:reuters.com:*:nACS4zFbra
    ** American Rare Earth to organize, consolidate and develop
its owned portfolio of high-quality, low-cost rare earth mineral
sites
    ** AREC says American Rare Earth's initial site has the
ability to produce rare earth oxides 
    ** Stock up 419.05% YTD

 (Reporting by Madhvi Pokhriyal in Bengaluru)
 ((Madhvi.pokhriyal@thomsonreuters.com))