Live News • Jul 07
American Clean Resources Group Secures LOI for $40 Million Millers Solar Energy Bid American Clean Resources Group received a Letter of Intent from Elko Heat Company for up to $40 million in joint development capital to advance the Millers Solar Energy Zone acquisition and related solar development at its Millers Property in Nevada.
The proposed funding is tied to ACRG’s pursuit of a Bureau of Land Management Solar Energy Zone competitive lease and is intended to support clean power for the company’s critical mineral processing hubs using Elko Heat’s four decades of geothermal utility experience.
ACRG’s stock last traded at $3.50, with the share price down 56.2% over the past 90 days.
This kind of LOI-backed funding path gives American Clean Resources Group a clearer route to finance a capital-heavy solar and processing project. However, execution risk around securing the BLM lease, finalizing definitive agreements, and deploying the capital remains significant. Announcement • May 30
American Clean Resources Group, Inc. Announces Executive Changes American Clean Resources Group, Inc. announced that effective February 2, 2026, Michael Raabe transitioned from his role as fractional Chief Operating Officer of the Company to a fractional strategic operations and project management support role. In this capacity, Mr. Raabe continued to support operational coordination and project management activities, including project planning, operational integration, scheduling, contractor coordination, and execution support associated with the Company's current development activities. Mr. Raabe was previously disclosed as a fractional executive officer in the Company's Current Report on Form 8-K filed August 22, 2025. American Clean Resources Group, Inc. announced that effective January 30, 2026, C. Derek Campbell transitioned from his role as fractional Chief Strategy Officer of the Company to a non-executive advisory capacity. Mr. Campbell continued to provide advisory support related to ongoing development and operational matters. Mr. Campbell was previously disclosed as a fractional executive officer in the Company's Current Report on Form 8-K filed August 22, 2025. American Clean Resources Group, Inc. announced that on April 15, 2026, Kelly Marshall departed as fractional Chief Marketing Officer of the Company. Ms. Marshall was previously disclosed as a fractional executive officer in the Company's Current Report on Form 8-K filed August 22, 2025. American Clean Resources Group, Inc. announced that effective April 20, 2026, the Company engaged Jeff Bootes in a fractional, project-based consulting capacity to support execution activities associated with the Company's current operational development initiatives related to the Millers, Nevada project and the Cross Caribou asset. Mr. Bootes brought targeted experience in mining and processing operations, including operational execution support, systems implementation, development-stage project support, contractor coordination, and field operations management. His engagement was intended to support specific operational and project development activities associated with the Company's current stage of advancement. Announcement • May 19
American Clean Resources Group, Inc. announced delayed 10-Q filing On 05/18/2026, American Clean Resources Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 
