Plum Acquisition Corp. IV - Class A Ordinary Shares (PLMK)

Plum Acquisition (NASDAQ: PLMK) announced it has entered into a non-binding letter of intent with American Critical Resources, a subsidiary of Controlled Thermal Resources Holdings Inc., for a proposed business combination aimed at accelerating the development of a strategically significant U.S.-based geothermal energy and critical minerals platform. The transaction would bring American Critical Resources public on a national securities exchange and support advancement of CTR’s Hell’s Kitchen project at California’s Salton Sea, a globally significant geothermal lithium resource. The project is designed to deliver renewable baseload power alongside large-scale domestic lithium production, with additional upside from the potential recovery of other critical minerals identified as vital to U.S. energy security, manufacturing, and defense.