Stocks in the United States experiencing abnormal movements | American Resources Corporation (AREC.US) surges over 37% in pre-market trading, receives $1.4 billion financing partnership with the U.S. Department of Defense.

According to the Securities Times app, on Monday, the stock price of American Resources (AREC.US) rose before the market opened, with the stock up over 37% to $5.31 as of press time. On the news front, American Resources' subsidiary ReElement Technologies announced a joint financing cooperation with the Office of Strategic Capital (OSC) under the U.S. Department of Defense, with a total amount of $1.4 billion, aiming to accelerate the construction of the domestic rare earth permanent magnet industry chain in the United States. This funding will focus on supporting the collaboration projects between ReElement and Vulcan Elements, with the goal of establishing a complete rare earth permanent magnet supply chain system in the United States, covering key areas such as rare earth element separation, metallization treatment, and permanent magnet manufacturing. According to the announcement, OSC will provide $620 million to Vulcan Elements and $80 million to ReElement Technologies, both of which will be privately capital matched to achieve equal financing.