American Clean Resources Group, Inc. 8-K

What Happened

• On July 1, 2026, American Clean Resources Group, Inc. (ACRG) announced it received a non-binding letter of intent (LOI) from Elko Heat Company (EHC).
• Under the LOI, EHC committed to use commercially reasonable good-faith efforts to arrange and provide up to $40,000,000 of joint development capital to support ACRG’s pursuit of a Bureau of Land Management (BLM) Solar Energy Zone (SEZ) competitive lease and related solar development activities at the Millers Property in Esmeralda County, Nevada.
• The LOI is tied to ACRG’s June 9, 2026 Joint Exploration and Development Agreement (Millers JEDA) with TRG Holdings, LLC and may apply at the project-level through a special purpose vehicle.

Key Details

• Date of LOI: July 1, 2026.
• Potential funding: Up to $40,000,000 in joint development capital (non-binding).
• Target project/location: Pursuit of a BLM SEZ competitive lease and solar development at the Millers Property, Esmeralda County, Nevada.
• Conditions: Funding is subject to due diligence (financial, legal, environmental, regulatory), final approval by EHC’s Investment Committee, no material adverse change, issuance of the SEZ lease or comparable authorization, and execution of definitive agreements.

Why It Matters

• This LOI indicates a potential source of significant project capital that could help ACRG pursue a federal SEZ lease and advance its Millers solar development plans.
• The commitment is non-binding and conditional — there is no guarantee the $40M will be provided or that the SEZ acquisition will occur. Investors should view this as a potential development milestone rather than confirmed financing.
• ACRG furnished a related press release (Exhibit 99.1) with the 8-K for more context.