Market cap data unavailable. We couldn't positively verify this ticker's market cap is under $500M. Verify independently before trading.
American Clean Resources Group, Inc.
- Market Cap
- Unavailable
- Price
- $8.00
- % Change (Daily % change from the live per-ticker quote feed.)
- +14.29%
- Volume
- 502
About
American Clean Resources Group, Inc. (ACRG) is an early-stage enterprise that plans to offer specialized processing and authorized toll milling services. Its primary objective involves the recovery of valuable and critical minerals, such as gold, silver, and the platinum group elements, from excavated ore. The company, which adopted its current name in June 2022, was formerly known as Standard Metals Processing, Inc. Established in 1985, this Gadsden, Alabama-based entity operates as a subsidiary of Granite Peak Resources, LLC.
Quick stats
Shares outstanding—
Computed float3.0M
Float / sharesUnknown
Cash runway (months)-4.6
Key info
SectorBasic Materials
IndustryOther Precious Metals
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000773717
Websitehttps://acrgincorp.com
AI Summary
AI-generated1/2
standardbullishpartnership
American Clean Resources Group Receives Letter of Intent for Up to $40 Million in Joint Development Capital to Advance Millers Solar Energy Zone Acquisition
American Clean Resources Group signed a non-binding Letter of Intent with Elko Heat Company to receive up to $40 million in joint development capital for the Millers Solar Energy Zone acquisition.
The capital supports ACRG's joint development agreement with TRG Holdings, targeting the completion of financing and structuring by October 31, 2026.
EHC brings geothermal expertise and has committed to use commercially reasonable efforts to secure the funding, which is subject to due diligence and final investment committee approval.
Red flags
- Letter of Intent is non-binding
- Funding subject to due diligence and investment committee approval
- Commitment relies on 'commercially reasonable good-faith efforts' rather than a guarantee
- Company is currently listed on OTC and pursuing uplisting