American Resources Corporation's Affiliated Company, Novusterra, Announces Its Technology Is Being Funded By a $6.5M Investment By US Air Force
Portfolio Pulse from Benzinga Newsdesk
Novusterra, an affiliate of American Resources Corporation (AREC), has announced receiving a $6.5 million investment from the US Air Force to fund its technology. This investment is aimed at advancing Novusterra's proprietary technology, which could be significant for AREC's growth and expansion in the market.
January 03, 2024 | 1:44 pm
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American Resources Corporation's affiliate Novusterra has received a $6.5 million investment from the US Air Force, which could lead to technological advancements and growth opportunities for AREC.
The investment from the US Air Force in Novusterra, an affiliate of American Resources Corporation, is likely to have a positive impact on AREC's stock price in the short term. This funding not only validates the technology being developed but also provides financial support that could accelerate growth and lead to new opportunities. Investors may view this as a strong endorsement of AREC's business model and future prospects, potentially increasing investor confidence and demand for AREC shares.
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