July 1 (Reuters) - AI Transportation Acquisition Corp ( AITR )

:

* AMERICAN RESOURCES CORPORATION'S ( AREC ) AMERICAN METALS LLC

EXECUTES

BUSINESS COMBINATION WITH NASDAQ LISTED AI TRANSPORTATION

ACQUISITION CORP

* AMERICAN RESOURCES CORP ( AREC ): PROPOSED TRANSACTION REPRESENTS A

TOTAL

EQUITY VALUE OF USD 170 MILLION FOR COMBINED COMPANY ON A PRO

FORMA BASIS

* AMERICAN RESOURCES CORP ( AREC ): UNDER DEAL, EACH OF AITR

&AMERICAN

METALS WILL BECOME WHOLLY-OWNED SUBSIDIARIES OF ELECTRIFIED

MATERIALS CORPORATION

* AMERICAN RESOURCES CORP ( AREC ): COMBINED COMPANY WILL BE LISTED

ON

NASDAQ STOCK MARKET UNDER TICKER SYMBOL "EMCO"

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