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Almonty to Acquire Strategic U.S. Tungsten Project in Beaverhead County, Montana
Businesswire· 2025-10-28 16:09
Core Viewpoint - Almonty Industries Inc. has announced the acquisition of the Gentung Browns Lake Tungsten Project in Montana for a total consideration of US$9,750,000, positioning itself for near-term tungsten production as early as the second half of 2026 [1][2][5]. Acquisition Details - The acquisition involves a cash payment of US$750,000 and the issuance of US$9 million in common shares, with the share price determined on the signing date [3]. - The transaction is subject to customary conditions, including stock exchange approval, and is expected to close around October 31, 2025 [4]. Project Significance - The Gentung Browns Lake Tungsten Project is noted as one of the most advanced undeveloped tungsten assets in the U.S., with significant preparatory work already completed by the current owners [2]. - The project is located in a historic tungsten district that previously supplied the U.S. national strategic stockpile, providing existing road access and infrastructure for efficient production [2]. Strategic Positioning - Lewis Black, Chairman and CEO of Almonty, emphasized that this acquisition allows the company to leverage its proprietary tungsten processing technologies and expand its footprint in the U.S. market, enhancing its position as a leading non-Chinese supplier of tungsten concentrate [5]. - The acquisition aligns with the growing demand for tungsten in defense and manufacturing sectors, which is expected to support a favorable pricing environment [5]. Company Overview - Almonty Industries is recognized as a leading supplier of conflict-free tungsten, critical for defense and advanced technology sectors, with its flagship Sangdong Mine in South Korea projected to supply over 80% of global non-China tungsten production upon reaching full capacity [6].
Montana Renewables Launches MaxSAF™ Blended, Advancing Sustainable Aviation Fuel
Prnewswire· 2025-10-27 16:52
Core Insights - Montana Renewables (MRL) has launched a 50/50 blend of renewable and fossil jet fuel, certified under ASTM D7566 and ASTM D1655 specifications, in collaboration with Calumet Montana Refining (CMR) [1][4] - The blended fuel, named MaxSAF, is compatible with existing systems and will be distributed through AEG Fuels' network to select aviation hubs in Montana, Washington, and Oregon [2][7] Company Overview - Montana Renewables is a leading renewable fuel company based in Great Falls, Montana, producing Sustainable Aviation Fuel (SAF), Renewable Diesel, Renewable Hydrogen, and Renewable Naphtha [5] - MRL is one of only three SAF producers operating at commercial scale in North America, addressing the growing demand for sustainable fuels [5] - The company utilizes low-carbon feedstocks from Pacific Northwest agricultural operations, including tallow and used cooking oil, to produce renewable transportation fuels with lower emissions than conventional fossil fuels [5] Strategic Partnerships - AEG Fuels has expressed pride in collaborating with Montana Renewables on the SAF blend, highlighting the importance of strategic partnerships in advancing sustainable aviation [4][7] - The partnership aims to provide a drop-in fuel solution that aligns with Environmental, Social, and Governance (ESG) goals, reduces emissions, and enhances brand leadership for customers [7] Environmental Impact - The introduction of SAF is expected to significantly reduce lifecycle greenhouse gas emissions and improve air quality compared to traditional Jet A fuel [7] - The initiative supports a circular economy by utilizing agricultural byproducts in fuel production, contributing to sustainability efforts [7]
AirJoule Technologies Applauds 2025 Nobel Prize in Chemistry Winners for Foundational Work on Metal-Organic Frameworks
Globenewswire· 2025-10-09 20:05
Core Insights - AirJoule Technologies is at the forefront of commercializing metal-organic frameworks (MOFs) for extracting distilled water from air, following the recognition of MOF technology with the 2025 Nobel Prize in Chemistry awarded to its developers [1][5] Group 1: MOF Technology Overview - Metal-organic frameworks (MOFs) are crystalline materials with nanoscale pores that can selectively capture, store, and release molecules, showcasing vast potential in applications such as water harvesting and carbon capture [2] - Despite their promise, MOF technology has faced significant barriers to commercialization, including high manufacturing costs and challenges in scaling production [3] Group 2: AirJoule Technologies' Innovations - AirJoule Technologies has successfully addressed commercialization challenges through strategic partnerships, notably with BASF, to reduce production costs of MOF materials, making them economically viable for widespread use [4] - The proprietary AirJoule platform combines cost-effective MOFs with a dual vacuum chamber design to efficiently extract pure distilled water from the atmosphere, providing a sustainable solution to global water scarcity [4] Group 3: Market Applications and Future Plans - The initial high-impact application of AirJoule's technology focuses on water harvesting, targeting industrial users such as data centers and manufacturing operations, as well as the US military [5] - AirJoule systems are currently operational in Texas and the United Arab Emirates, with additional deployments planned for Q4 2025 and early 2026 [5] Group 4: Collaborative Efforts - The collaboration between GE Vernova and AirJoule Technologies, rooted in advancing MOF research for atmospheric water extraction, is instrumental in commercializing these materials at scale [6] - The recognition of MOF research by the Nobel Committee reflects the scientific community's confidence in the future impact of this technology on addressing water scarcity and resource sustainability [6]
AirJoule Technologies and the U.S. Army Engineer Research and Development Center to Collaborate on Atmospheric Water Generation Using Waste Heat
Globenewswire· 2025-10-07 12:30
Core Insights - AirJoule Technologies Corporation has entered into a three-year Cooperative Research and Development Agreement (CRADA) with the U.S. Army Engineer Research and Development Center (ERDC) to enhance water supply solutions for military applications [1][2][3] Company Overview - AirJoule Technologies is a technology platform focused on extracting water from air, aiming to alleviate global water and energy constraints through innovative sorption technologies [4] Collaboration Details - The partnership will utilize ERDC's tactical generator waste heat recovery systems alongside AirJoule's technology to create a reliable supply of potable water for military personnel in diverse environmental conditions [2][3] - The collaboration is expected to advance heat-driven atmospheric water generation technology and contribute to future sustainability and resiliency capabilities [3]
Hecla Mining Company Announces U.S. Forest Service Advancement of Libby Exploration Project in Montana
Businesswire· 2025-10-06 21:43
Core Insights - Hecla Mining Company announced the U.S. Forest Service's final decision notice and finding of no significant impact for its Libby Exploration Project in Montana, marking a significant milestone in the exploration phase of a major copper and silver deposit [1] Company Summary - The Libby Project is 100% owned by Hecla Mining Company and is located southwest of Libby, Montana, indicating the company's commitment to expanding its resource base in the region [1] - The project is positioned as a world-class copper and silver deposit, highlighting its potential value and significance in the mining sector [1]
AirJoule Selected as Winner of Net Zero Innovation Hub Competition and Invited to Collaborate with Google, Microsoft, and other Industry Leaders on Water-Sustainable Data Centers
Globenewswire· 2025-09-25 12:30
Core Insights - AirJoule Technologies has been recognized as one of three winners in the Net Zero Innovation Hub for Data Centers competition, which is supported by major tech companies like Google and Microsoft, highlighting its innovative water harvesting technology [1][2][5] - The collaboration aims to demonstrate how AirJoule's technology can alleviate water stress and enhance cooling efficiency in data centers, addressing critical challenges in the industry [2][5] - AirJoule's technology can harvest water from the atmosphere using waste heat from data centers, which is particularly beneficial in areas facing high water stress [5][6] Company Overview - AirJoule Technologies Corporation (NASDAQ: AIRJ) specializes in water harvesting technology, utilizing advanced sorbents and a proprietary vacuum chamber system to extract water from air even in low humidity conditions [6][7] - The company is positioned to play a significant role in improving water sustainability in data center operations, which currently consume millions of gallons of water daily for cooling [5][6] Industry Context - The data center industry is under increasing pressure to improve water sustainability, with over 40% of planned data centers in the U.S. located in regions experiencing high water stress [6] - The Net Zero Innovation Hub aims to accelerate the deployment of breakthrough solutions in the data center sector, supporting companies like AirJoule in scaling their technologies [4][5]
United States Antimony Corporation to Host Montana Governor Greg Gianforte and Director of Commerce Marta Bertoglio at Groundbreaking Ceremony for Antimony Processing Expansion Project
Accessnewswire· 2025-09-24 17:00
Core Points - United States Antimony Corporation (USAC) operates the only two antimony smelters in North America [1] - The company will host Montana Governor Greg Gianforte and other state officials for a groundbreaking ceremony on September 25, 2025 [1] - The ceremony marks the kickoff of an expansion project at the Thompson Falls, Montana antimony processing facility [1]
AirJoule Technologies Delivers Groundbreaking “Waste Heat to Water” System to Hubbard, Texas
Globenewswire· 2025-09-16 12:30
Core Insights - AirJoule Technologies has delivered a full-scale AirJoule™ system to Hubbard, Texas, which will generate pure distilled water from ambient air using low-grade waste heat from a municipal geothermal well [1][4] Company Overview - AirJoule Technologies Corporation (NASDAQ: AIRJ) is a leading technology platform focused on extracting water from air, aiming to address critical water challenges in North America and globally [1][4][7] - The company collaborates with GE Vernova and Carrier Global to develop innovative sorption technologies that alleviate water and energy constraints [7] Technology and Deployment - The AirJoule™ system utilizes advanced sorbent materials and a proprietary dual vacuum chamber design to capture water directly from the air, powered by low-grade waste heat [4] - The deployment in Hubbard is expected to demonstrate the system's capability to provide a reliable and decentralized source of clean water [4][6] Regulatory Compliance - AirJoule Technologies plans to pursue certification from the Texas Commission on Environmental Quality to ensure the produced potable water meets all minimum drinking water standards [5] - Achieving this certification will enable the company to support high-volume municipal and industrial customers with onsite water production [5] Future Plans - Pending successful testing and potability certification, the company anticipates initiating additional deployments to meet water requirements for high-value applications [6] - This initiative is part of the company's broader strategy to commercialize the AirJoule™ platform across various industrial applications in water-scarce regions worldwide [6]
Hyperscale Data Announces Intent to Sell Land Leases and Power Contracts of its Montana Data Properties to Focus on Michigan Flagship Campus
Prnewswire· 2025-09-11 10:00
Core Viewpoint - Hyperscale Data, Inc. plans to divest its Montana data center properties to focus on enhancing its Michigan facility, which is set to become a significant hub for artificial intelligence (AI) and high-performance computing (HPC) infrastructure [1][2][4]. Company Strategy - The divestiture of the Montana assets is aimed at consolidating resources and maximizing stockholder value, allowing the company to strengthen its competitive positioning in the AI and HPC sectors [4][5]. - The Michigan facility currently has a power capacity of approximately 30 megawatts (MW) and is expected to expand to 70 MW within the next 20 months, with a long-term goal of reaching around 340 MW, subject to various agreements and funding [3][5]. Financial Implications - Proceeds from the sale of the Montana properties are anticipated to bolster the company's balance sheet and expedite the development of the Michigan campus [5]. - The Michigan facility is viewed as a long-term asset with the potential for significant value appreciation, prompting the company to concentrate its efforts there [5]. Operational Focus - The Michigan data center is positioned to support enterprise clients with purpose-built AI and HPC infrastructure, reflecting a strategic shift towards high-growth areas in technology [4][7]. - Hyperscale Data, through its subsidiary Sentinum, is actively engaged in crypto asset mining and offers colocation and hosting services, further diversifying its operational capabilities [7].
AirJoule's Promising Path From Waste Heat To Water
Seeking Alpha· 2025-08-15 14:27
Group 1 - Infrastructure analysts have been monitoring innovations in water and cooling technologies for over a decade, seeking solutions to end droughts and achieve energy savings [1] - AirJoule Technologies (NASDAQ: AIRJ) is highlighted as a company in this sector, indicating potential investment interest [1] Group 2 - The article does not provide any specific financial data or performance metrics related to the companies mentioned [2][3]