−Removed: Our principal offices are located at 12115 Visionary Way, Fishers, Indiana 46038.
−Removed: We pay $8,911.56 per month in rent for the office space and the rental lease expires December 2032.
−Removed: We also rent office space from an affiliated entity, LRR, at 11000 Highway 7 South, Kite, Kentucky 41828 and pay $1,702 per month rent and the rental lease expires January 1, 2030.
−Removed: On August 17, 2021, ReElement entered into a Commercial Land Lease sublease agreement with Land Betterment for nearly 7 acres of land for the purpose of building a commercial grade critical element purification facility.
−Removed: The sublease is for the period of 5 years with a rate of $3,500 a month.
−Removed: On October 8, 2021, ReElement entered into a Commercial Lease for 6,700 square feet of warehouse space for the operation of a commercial grade critical element purification facility.
−Removed: This for the period of 2 years with a rate of $5,059.28 a month which has ability for annual extensions
−Removed: The Company also utilizes various office spaces on-site at its coal mining operations and coal preparation plant locations in eastern Kentucky, with such rental payments covered under any surface lease contracts with any of the surface land owners.
+Added: ARC’s principal offices are located at 12115 Visionary Way, Fishers, Indiana 46038.
+Added: We pay $8,954 per month in rent for the office space and the lease expires in June 2034.
+Added: The rent is subject to escalation payments on an annual basis.
+Added: ReElement leases office space at 1716 E Pleasant Street, Noblesville, Indiana 46060 with a current monthly rent payment of $5,224.
+Added: The lease agreement expires in November 2028 and is subject to escalation payments on an annual basis.
+Added: ReElement leases approximately 316,000 square feet of commercial space from LRR, a related party, for its processing facility at 3301 South Adams Street, Marion, Indiana.
+Added: The current monthly rent payment is $115,773.
+Added: The lease expires in May of 2063 and is subject to escalation payments on an annual basis.
+Added: Electrified Materials Corporation leases office space at 1845 Highway 15 South, Hazard, Kentucky 41701 from LRR with a current monthly rent payment of $263.
+Added: The lease agreement expires in December 2028.
+Added: Electrified Materials Corporation leases outdoor storage space from LRR in Noblesville, Indiana at a monthly rent rate of $20,000.
+Added: The lease expires in December 2028.
+Added: Electrified Materials Corporation leases commercial production, office and outdoor storage space at 3 from LRR at 611 South Adams Street, Marion, Indiana at a current monthly rate of $20,559.
+Added: The lease expires in December 2028 and is subject to escalating payments on an annual basis.
+Added: KCC, a subsidiary of AIC, rents office space from LRR at 11000 Highway 7 South, Kite, Kentucky 41828 with monthly rent of $1,702 and a lease expiration of December 31, 2029.
+Added: The Company also utilizes various office spaces on-site at its coal mining operations and coal preparation plant locations in eastern Kentucky, with such rental payments covered under any surface lease contracts with any of the surface landowners.
+Added: The following map shows the location of our mining properties:
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.