03/13/2026 | Press release | Distributed by Public on 03/13/2026 04:15
Item 8.01 Other Events.
American Clean Resources Group, Inc. (the "Company" or "ACRG") is providing the following disclosure for informational purposes regarding its relationship with Sustainable Metal Solutions, LLC ("SMS"). The Company does not consider the Master Services Agreement described below to be material to its financial condition or results of operations.
On March 11, 2026, the Company entered into a Master Services Agreement (the "MSA") with SMS, a Wyoming limited liability company. Under the MSA, the Company may from time to time provide certain administrative and advisory services to SMS pursuant to written work orders executed by the parties.
SMS retains sole authority and responsibility for all operational, technical, regulatory, environmental, health and safety, and compliance matters relating to its operations. The MSA does not provide the Company with operational control over SMS or its activities and does not provide the Company with any ownership interest, production rights, royalty interests, profit participation, or other economic interest in SMS or its operations. The MSA does not constitute, and is not intended to constitute, an acquisition, joint venture, or consolidation of the Company and SMS.
The Company's entry into the MSA was prompted in part by an administrative regulatory review relating to a mine owned by SMS. As previously disclosed, the Company has entered into mutually agreed-upon arrangements pursuant to which it plans to acquire an 80.1% interest in SMS.
SMS, through its affiliate serving as operator of record, previously submitted a Designated Mining Operation ("DMO") permit application. The operator subsequently elected to reduce the scope of the pending application. Because the public comment period for the original DMO application had already closed, the Colorado Division of Reclamation, Mining and Safety determined that the scope reduction could not be processed as a modification and instead classified it as an "Amendment" under Colorado Rule 1.1(7), triggering administrative review and a hearing before the Colorado Mined Land Reclamation Board scheduled for March 18, 2026. The hearing relates solely to the administrative classification of the application and is procedural in nature rather than the result of any enforcement action.
The operator of record retains full regulatory responsibility for the matter, and the Company is not the permit holder or operator of the mine. The Company will provide additional disclosure if material developments occur.