AirJoule Technology and Market Potential - The AirJoule system is expected to produce 1,000 liters of distilled water per day by 2025, with commercial sales anticipated to scale in 2026[22]. - The proprietary MOF (MTMOF1) used in AirJoule can adsorb over 50% of its weight in water vapor, enhancing water harvesting efficiency[25]. - The AirJoule system aims to operate at or below 130 Wh/L while utilizing low-grade waste heat, significantly improving energy efficiency[28]. - The total addressable market for AirJoule is estimated to be approximately $450 billion, targeting water, dehumidified air, and cooling demands[40]. - The AirJoule technology is positioned to capture growth in the atmospheric water harvesting sector, with expectations of increased demand for its products[60]. - The data center market is projected to grow at a compound annual growth rate of 11.7% from 2024 to 2034, creating opportunities for AirJoule technology[62]. - AirJoule can reduce energy consumption in air conditioning systems by up to 50%, addressing the expected tripling of global demand for air conditioning by 2050[69]. - The company plans to commence sales of its first commercial AirJoule units in 2026, leveraging international partnerships for rapid mass production[74]. Strategic Partnerships and Collaborations - Strategic partnerships with GE Vernova and Carrier are aimed at accelerating market penetration and scaling manufacturing capabilities[42]. - The company holds an exclusive worldwide license from PNNL for self-regenerating dehumidifier technology, enhancing its competitive edge[47]. - BASF is positioned to scale production of the proprietary MOF materials for mass production, supporting the AirJoule technology[48]. - The company has entered into a Joint Development Agreement with BASF for the exclusive supply of MOF materials for a term of three years, ending on September 27, 2025[49]. - The joint venture CAMT Climate Solutions Ltd. was formed with CATL, with both parties owning 50% and CAMT having exclusive rights to commercialize AirJoule technology in Europe and Asia[50]. - The company has entered into a commercialization agreement with Carrier, granting Carrier exclusive rights to commercialize AirJoule technology in the Americas for three years[53]. - The company has formed a joint venture with GE Vernova, with both parties holding a 50% interest, to incorporate proprietary sorbent materials into AirJoule technology[56]. - The company has committed to contribute $10.0 million to the AirJoule joint venture and may contribute up to an additional $90.0 million based on future business plans[58]. Financial Performance and Projections - The company incurred a net loss of $215.7 million for the year ended December 31, 2024, compared to a loss of $11.4 million for 2023[91]. - The company has not yet begun commercializing its AirJoule units, which are expected to drive future revenue[91]. - The company reported a net income of $215.7 million for the year ended December 31, 2024, compared to a net loss of $11.4 million in 2023, representing a positive change of $227.1 million[215]. - General and administrative expenses increased to $9.0 million in 2024 from $7.5 million in 2023, an increase of $1.5 million[216]. - Research and development expenses decreased to $2.0 million in 2024 from $3.3 million in 2023, a decrease of $1.3 million[217]. - The company recognized a gain of $333.5 million on the contribution to AirJoule, LLC, reflecting the fair value of intellectual property transferred[222]. - The company incurred transaction costs of approximately $54.7 million related to the business combination[219]. - The company reported an equity loss of $5.3 million from its investment in AirJoule, LLC for the year ended December 31, 2024[224]. Risks and Challenges - The company has a limited operating history and has not yet generated sales, making future demand difficult to predict[94][95]. - The company faces increasing competition from established firms with greater resources, which could negatively impact market share and pricing[105]. - Supply chain risks exist due to reliance on single-source suppliers for key components, which could disrupt production if not managed properly[123]. - Increased trade tensions may impact the availability and pricing of materials, adversely affecting the company's operations and financial results[124]. - The company is facing heightened scrutiny regarding ESG matters, which could lead to reputational harm and increased compliance costs[115]. - The company expects to depend on a limited number of customers for a substantial portion of future revenue, which poses a risk if significant customers are lost[129]. - There is no assurance that efforts to secure new customers through acquisitions will succeed, and integration risks could lead to lower than anticipated revenues and margins[130]. - The company is subject to risks from rapid technological changes and must adapt to evolving industry standards to avoid competitive disadvantages[102]. - Significant capital is required for the development and commercialization of AirJoule units, which may impact profitability if costs exceed estimates[103]. - Actual operating costs for manufacturing AirJoule units may differ significantly from initial estimates, potentially affecting financing ability and economic returns[104]. Regulatory and Compliance Issues - The company is subject to various environmental, health, and safety laws, which could increase operating costs and affect financial condition if compliance is not met[138]. - Regulatory risks include potential delays in obtaining necessary permits and approvals, which could adversely impact business operations[142]. - Trade wars and tariffs, such as a 25% tariff on imports from certain countries, could significantly increase costs and affect financial results[140]. - Exchange rate fluctuations may materially affect operating results, especially if the U.S. dollar strengthens against foreign currencies[144]. - Noncompliance with anti-corruption and anti-bribery laws could lead to significant fines and reputational harm, impacting business operations[145]. - CFIUS has the authority to review foreign investments in U.S. businesses for national security concerns, which could impact business operations[148]. - Changes in laws or regulations, including tax laws, could adversely affect the company's business and financial condition[151][152]. Corporate Governance and Stockholder Matters - As of December 31, 2024, executive officers, directors, and their affiliates owned approximately 58.0% of the outstanding common stock, allowing them significant control over corporate decisions[169]. - The company does not intend to pay dividends on its common stock for the foreseeable future, focusing on retaining funds for business development and growth[171]. - The board of directors has not declared any dividends to date and does not anticipate doing so in the foreseeable future[193]. - The company is subject to Delaware law provisions that could limit stockholder actions and affect the market price of its common stock[176]. - The company may face future sales of common stock or other dilution of equity, which could adversely affect the market price of its common stock[170]. Intellectual Property and Cybersecurity - The company is investing in research and development to optimize its AirJoule systems and protect its intellectual property, with ongoing support from GE Vernova[75][76]. - The company faces challenges in protecting its intellectual property rights, which could undermine its competitive position[156]. - Patent applications may not result in issued patents, and existing patents may not provide adequate protection against competitors[156]. - The company relies on trade secrets and proprietary information, which are difficult to protect and enforce[160]. - The company may incur substantial costs defending against claims of intellectual property infringement, which could divert resources and management attention[164]. - Cybersecurity risks are regularly assessed, and the company has implemented controls to protect its information systems[184]. - The company has not been materially affected by cybersecurity threats, but ongoing risks remain that could impact operations and financial condition[185].

Exhibit 99.1 AirJoule Technologies Announces Fourth Quarter and Full Year 2024 Results and Groundbreaking Performance of AirJoule System Ronan, MT, March 25, 2025 – AirJoule Technologies Corporation (NASDAQ: AIRJ) ("AirJoule Technologies" or the "Company"), the developer of the transformational AirJoule system for separating pure water from air, today announced its fourth quarter and full year results. The Company also announced that the AirJoule system can use low-grade waste heat from industrial processes ...

RONAN, Mont., March 25, 2025 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ:AIRJ) ("AirJoule Technologies" or the "Company"), the developer of the transformational AirJoule® system for separating pure water from air, today announced its fourth quarter and full year results. The Company also announced that the AirJoule® system can use low-grade waste heat from industrial processes to improve energy efficiency and produce pure distilled water for less than 160 watt-hours of energy consumption p ...

RONAN, Mont., March 25, 2025 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ:AIRJ) ("AirJoule Technologies" or the "Company"), the developer of the transformational AirJoule® system for separating pure water from air, today announced that it will report its full year 2024 results after market close on Tuesday, March 25, 2025. Company management will host a conference call and Q&A session to discuss the results at 8:30 AM ET on Wednesday, March 26, 2025. To access the live audio webcast of the ...

Core Viewpoint - The article discusses the investment potential of Montana Aerospace, highlighting a strong buy rating initiated in December 2024, despite a slight decline in its stock value compared to the S&P 500 [1]. Group 1: Company Overview - Montana Aerospace is covered by an investment group focused on the aerospace, defense, and airline sectors, aiming to identify investment opportunities within these industries [2]. - The company has experienced a stock value decrease of approximately 1.9% since the initiation of coverage, contrasting with a 6.8% decline in the S&P 500 [1]. Group 2: Analyst Background - The analyst leading the coverage has a background in aerospace engineering, providing informed analysis on the industry's growth prospects and developments [2]. - The investment group's approach is data-driven, utilizing in-house developed data analytics to support investment theses [2].

Core Insights - Calumet, Inc. reported a net loss of $40.7 million for Q4 2024, an improvement from a loss of $48.0 million in Q4 2023, with a basic loss per share of $0.47 compared to $0.59 in the previous year [2][38] - The company achieved an Adjusted EBITDA of $56.6 million in Q4 2024, up from $39.7 million in Q4 2023, indicating operational improvements [2][3] - Calumet announced the sale of its Royal Purple® industrial business for $110 million, which is expected to help reduce debt [2][7][10] Financial Performance - For the year ended December 31, 2024, Calumet reported a net loss of $222.0 million, a significant decline from a profit of $48.1 million in 2023 [2][38] - The total sales for Q4 2024 were $949.5 million, slightly down from $976.5 million in Q4 2023, while the annual sales increased to $4,189.4 million from $4,181.0 million [38] - The gross profit for Q4 2024 was $83.6 million, compared to $22.1 million in Q4 2023, while the annual gross profit decreased to $230.8 million from $451.7 million [38] Segment Performance - The Specialty Products and Solutions (SPS) segment reported an Adjusted EBITDA of $43.4 million in Q4 2024, down from $75.6 million in Q4 2023, impacted by negative crack spreads [3] - The Performance Brands (PB) segment saw an increase in Adjusted EBITDA to $16.3 million in Q4 2024 from $6.1 million in the same quarter of 2023, driven by a 15% growth in sales volume [4] - The Montana/Renewables (MR) segment reported a significant turnaround with Adjusted EBITDA of $10.9 million in Q4 2024, compared to a loss of $25.8 million in Q4 2023, aided by operational momentum and an insurance claim [5] Strategic Developments - The company completed its conversion to a C-Corporation in July 2024, which was approved by over 99% of unitholders [11] - Calumet received initial funding from the U.S. Department of Energy (DOE) in February 2025, amounting to approximately $782 million from a $1.44 billion loan facility, aimed at supporting the construction and expansion of its renewable fuels facility [12][15] - The expansion of Montana Renewables is expected to position the company as one of the largest producers of Sustainable Aviation Fuel (SAF) globally, with an anticipated production capacity of approximately 300 million gallons [13][14]

Core Insights - Brixton Metals Corporation announced positive exploration results from the Hog Heaven Project, operated by Ivanhoe Electric, highlighting significant copper-gold findings [1][3][5] Exploration Results - Initial drilling at the Battle Butte Area has intersected a porphyry copper-gold-molybdenum system, with a large Typhoon™ conductivity anomaly detected at 1,200 meters depth [3][4] - The porphyry system is believed to start at approximately 900 meters depth, with a vertical thickness of 800 meters and dimensions of at least 600 meters by 400 meters, remaining open to the east and northeast [4][5] - Drilling results include broad intervals of low-grade mineralization with a gold-to-copper ratio near one-to-one, and higher-grade sub-intervals associated with the copper sulphide mineral bornite, which contains approximately 63% copper by weight [4][5] Drilling Details - Exploration drilling at the Hog Heaven Project included approximately 14,000 meters across eleven drill holes, with significant findings in both the Battle Butte Area and the Flathead Mine area [7] - Notable drill hole results include HHD-018, which returned 286.0 meters of 0.14% copper and 0.14 g/t gold from a depth of 947.0 meters, and HHD-019, which returned 680.0 meters of 0.09% copper and 0.06 g/t gold from 1,172.0 meters depth [8][12] Project Background - The Hog Heaven Project is an advanced-stage exploration project historically known for high-grade silver, gold, and copper production, with significant historical outputs from 1913 to 1975 [16] - Ivanhoe Electric has an earn-in agreement with Brixton, allowing it to earn up to a 75% interest in the project by making cash payments totaling USD 4.5 million and incurring USD 40 million in exploration expenditures by 2032 [17]

Group 1 - Montana Renewables, LLC has received approval for its Excise Tax Registration from the IRS, enabling it to claim clean fuel Production Tax Credits (PTC) under Internal Revenue Code Section 45Z for production from December 31, 2024, to January 1, 2028 [1] - The Section 45Z PTC replaces the previous Blenders Tax Credit, providing a transferable federal income tax credit for clean fuels [1][2] - Montana Renewables operates a U.S. qualified production facility and is recognized as a producer of clean transportation fuel and sustainable aviation fuel (SAF) [1][3] Group 2 - The transition from the Blenders Tax Credit to the Producers Tax Credit is expected to support domestic agriculture and incentivize cash crops in Montana, such as camelina [2] - Montana Renewables is the largest SAF producer in North America as of 2024, focusing on sustainable fuels and contributing to a greener future [3] - The company utilizes low-carbon feedstocks and agricultural byproducts, including tallow and used cooking oil, to produce renewable transportation fuels with lower emissions compared to conventional fossil fuels [3] Group 3 - Sustainable Aviation Fuel (SAF) is designed to reduce the aviation industry's carbon footprint and is compatible with existing aviation fueling infrastructure and aircraft engine technology [4]

Core Points - Sandfire Resources America Inc. has entered into a fourth variation agreement to its bridge loan agreement with its largest shareholder, Sandfire BC Holdings, and its subsidiary, Tintina Montana [1][2] - The borrowing capacity under the bridge loan has been increased from up to US$40 million to up to US$50 million, allowing for one or more advances [2] Financial Details - The Fourth Variation allows for an increase in the total borrowing amount to US$50 million, which is a US$10 million increase from the previous limit [2] - All other terms and conditions of the bridge loan remain unchanged except as amended by the Fourth Variation [2]

Market Overview - AirJoule Technologies Corporation's Total Addressable Market (TAM) is estimated at approximately $455 billion, with $100 billion in atmospheric water harvesting and $355 billion in HVAC sectors[178]. Revenue and Financial Performance - As of September 30, 2024, the company has not earned any revenue from the sale of AirJoule systems[182]. - Loss from operations for Q3 2024 was $(2,376,855), an improvement of $2,177,762 compared to a loss of $(4,554,617) in Q3 2023[213]. - Total other income for Q3 2024 was $36,125,418, compared to $6,264 in Q3 2023, an increase of $36,119,154[213]. - Net income for Q3 2024 was $35,016,858, compared to a net loss of $(4,548,353) in Q3 2023, an improvement of $39,565,211[213]. - Interest income for the three and nine months ended September 30, 2024, was $0.4 million and $0.6 million, respectively, compared to $6.3 million and $9.8 million for the same periods in 2023, reflecting a significant decrease due to changes in cash balance[222]. - A gain of $333.5 million was recognized for the nine months ended September 30, 2024, on the contribution to AirJoule, LLC, attributed to the fair value of the intellectual property transferred[222]. - Equity loss from the investment in AirJoule, LLC amounted to $2.3 million for the three months and $3.0 million for the period from March 4, 2024, to September 30, 2024[224]. - The change in fair value of Earnout Shares liability resulted in a gain of $31.8 million and $37.2 million for the three and nine months ended September 30, 2024, respectively[224]. Expenses - Operating expenses are categorized into general and administrative, research and development, sales and marketing, transaction costs, and depreciation and amortization[183][184][185]. - General and administrative expenses for Q3 2024 were $2.4 million, down from $3.6 million in Q3 2023, a decrease of $1.1 million[214]. - Research and development expenses for Q3 2024 were $(0.1) million compared to $0.8 million in Q3 2023, a decrease of $0.9 million[216]. - Sales and marketing expenses for Q3 2024 were $23,639, significantly lower than $167,890 in Q3 2023, a decrease of $144,251[218]. - Research and development expenses for the nine months ended September 30, 2024 were $1.8 million, down from $2.5 million in the same period of 2023, a decrease of $0.7 million[217]. - General and administrative expenses for the nine months ended September 30, 2024 were $6.5 million, an increase of $0.9 million from $5.6 million in the same period of 2023[215]. - Transaction costs related to the business combination included non-cash recognition of earnout liabilities of approximately $53.7 million[219]. - Depreciation expense for Q3 2024 was $2,136, compared to $1,086 in Q3 2023, an increase of $1,050[221]. Cash Flow - Net cash used in operating activities for the nine months ended September 30, 2024, was $21.6 million, compared to $4.0 million for the same period in 2023[239]. - Net cash used in investing activities was $10.0 million for the nine months ended September 30, 2024, primarily due to contributions made to AirJoule, LLC[241]. - Net cash provided by financing activities was $61.9 million for the nine months ended September 30, 2024, mainly from the issuance of common stock related to private placements[242]. Future Outlook - Future capital requirements will depend on the success of product launches and research and development efforts, with potential additional contributions of up to $90 million to the AirJoule joint venture[231]. - The company is classified as an emerging growth company under the JOBS Act, allowing it to delay compliance with certain accounting standards[244]. Partnerships and Business Strategy - The company has established partnerships with Pacific Northwest National Laboratory, BASF, and CATL to accelerate manufacturing and commercialization efforts[179]. - The company is focused on scaling manufacturing through global joint ventures to address water scarcity and global warming[177]. - The company aims to provide energy-efficient solutions for water generation and HVAC systems, addressing rising water stress and demand for comfort cooling[178]. - The company has a history of losses and is dependent on revenue from a single product, which poses risks to future viability[177]. Corporate Changes - The company changed its name from Montana Technologies Corporation to AirJoule Technologies Corporation effective November 13, 2024[180]. - The Earnout Shares liability is estimated using a Monte Carlo simulation, assuming $50 million of Annualized EBITDA per production line over a five-year period[192].