GREENWOOD VILLAGE, Colo., April 24, 2025 (GLOBE NEWSWIRE) -- GlobeNewswire - Arq, Inc. (NASDAQ:ARQ) (the "Company" or "Arq"), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today announced the Company will release its first quarter 2025 financial results and file its Quarterly Report on Form 10-Q for the period ended March 31, 2025 before market open on May 7, 2025. A conference call to discuss the Company's financial per ...

Toronto, Ontario--(Newsfile Corp. - April 11, 2025) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") is entering into a mineral claim option agreement (the "Option") to acquire a 100% interest in the 1155-hectare Dreaver Lake property (the "Claim") located in the Rottenstone Belt in Saskatchewan. To exercise the Option and acquire the Claim, Argo must: (i) make a cash payment of C$1,000 (which has been made), (ii) incur or expend at least ...

Core Insights - Arq, Inc. has appointed Jay Voncannon as Chief Financial Officer, effective April 2, 2025, to oversee its financial strategy and operations during a period of transformation and growth in the activated carbon market [1][4]. Company Overview - Arq, Inc. is a producer of activated carbon and environmentally efficient carbon products aimed at purification and sustainable materials [1][8]. - The company is the only vertically integrated producer of activated carbon products in North America, providing a reliable domestic supply of innovative products [8]. Leadership and Experience - Jay Voncannon brings over 35 years of finance experience, having previously served as CFO of CoorsTek, where he guided significant expansion and improved profitability [2][5]. - Voncannon has a strong background in corporate finance, mergers and acquisitions, and strategic leadership, recognized as a CPA and CGMA [6]. Strategic Goals - The appointment of Voncannon is part of Arq's strategy to build a world-class finance organization that supports future growth [4]. - The leadership team aims to leverage Voncannon's expertise to enhance organizational performance and drive market share growth [5][6].

Toronto, Ontario--(Newsfile Corp. - March 19, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") January 2025 oil production was a total of 3,541 barrels for the month, averaging 114 barrels per day. Oil prices averaged CDN$77.65 per barrel and Argo's January oil revenue was $274,990 and net operating cash flow was $186,454.January 2025Oil ProductionArgo's interestArgo's Oil RevenueArgo's net operating cash flowLindbergh 1(37.5% inte ...

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Arq, Inc. (NASDAQ:ARQ) Q4 2024 Earnings Conference Call March 6, 2025 8:30 AM ET Company Participants Anthony Nathan - Investor Relations Robert Rasmus - Chief Executive Officer Stacia Hansen - Chief Accounting Officer Conference Call Participants Gerry Sweeney - ROTH Capital Partners George Gianarikas - Canaccord Genuity Peter Gastreich - Water Tower Research Tim Moore - Clear Street Operator Greetings and welcome to the ARQ Q4 and Full Year 2024 Earnings Call. At this time, all participants are in a liste ...

Nasdaq: ARQ Non-GAAP Financial Measures Included in this presentation are certain financial measures that are not calculated in accordance with U.S. generally accepted accounting principles ("GAAP") designed to supplement, and not substitute, the Company's financial information presented in accordance with GAAP. The non-GAAP measures as defined by the Company may not be comparable to similar non-GAAP measures presented by other companies. The presentation of such measures, which may include adjustments to e ...

Arq, Inc. (ARQ) came out with a quarterly loss of $0.03 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.04, delivering a surprise of -20%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Arq, Inc., which belongs to the Zacks ...

Revenue and Growth - Total revenue for the year ended December 31, 2024, was $108,959,000, representing a 10% increase from $99,183,000 in 2023[193]. - The increase in revenue was primarily driven by a favorable product mix contributing approximately $6.9 million and improved pricing adding about $4.9 million, partially offset by lower volumes sold which decreased revenue by $2.2 million[194]. Costs and Expenses - Cost of revenue for 2024 was $69,515,000, up 3% from $67,323,000 in 2023[193]. - Operating expenses decreased by 8% to $41,403,000 in 2024 from $45,195,000 in 2023, with selling, general and administrative expenses down 16%[199]. - Research and development expenses increased by 22% to $4,050,000 in 2024, driven by higher payroll costs and product qualification testing[199]. Investments and Earnings - Earnings from equity method investments dropped 92% to $127,000 in 2024 from $1,623,000 in 2023[207]. - Earnings from equity method investments decreased by 92% from $1,623,000 in 2023 to $127,000 in 2024, primarily due to the wind-down of Tinuum Group and Tinuum Services[208]. Cash Flow and Liquidity - Cash and restricted cash decreased from $54.2 million in 2023 to $22.2 million in 2024, a decrease of $31.9 million[227]. - Cash flows from operating activities improved to $10.5 million in 2024 from a cash outflow of $16.7 million in 2023, driven by a decrease in net loss and a net increase in working capital[228]. - Cash flows used in investing activities increased significantly to $85.1 million in 2024 from $28.5 million in 2023, mainly due to capital expenditures for the Red River Plant expansion[229]. - Cash flows from financing activities increased by $19.8 million in 2024, primarily due to proceeds from a public offering totaling $26.7 million[230]. - The company expects sufficient liquidity to fund operations for the next 12 months based on current cash levels and borrowing availability[232]. Tax and Valuation - As of December 31, 2024, the company had a valuation allowance of $101.6 million on deferred tax assets, up from $98.8 million in 2023[216]. - The effective tax rate for 2024 was 3%, with a reported income tax benefit of $0.2 million[212]. - Changes in estimates for deferred tax assets could materially impact the effective tax rate and financial condition[250]. Debt and Obligations - Interest expense increased due to paid-in-kind interest on a $10 million term loan, which was fully paid in December 2024[209]. - The loss on extinguishment of debt increased due to the write-off of deferred financing costs associated with the termination of the CFG Loan[210]. - As of December 31, 2024, the company had outstanding surety bonds totaling $11.1 million, with restricted cash of $8.5 million held as collateral[235]. - Contractual obligations as of December 31, 2024, total $29.9 million, with $5.2 million due within one year[239]. - Outstanding borrowings under the Revolving Credit Facility were $13.8 million as of December 31, 2024[239]. Business Development and Strategy - The company acquired 100% of the equity interests of Arq Limited subsidiaries in February 2023 to enhance access to U.S. bituminous coal feedstock and advanced GAC products[179]. - The company plans to utilize Arq Powder as a feedstock for high-quality GAC products by the end of Q1 2025, aiming for a lower carbon footprint compared to competitors[179]. - The company changed its name to Arq, Inc. in February 2024, with its common stock trading on the Nasdaq Global Market under the ticker symbol "ARQ"[180]. - The company is targeting the completion of the Red River Plant expansion in Q1 2025, incurring substantial capital expenditures exceeding initial forecasts[233]. - Capital expenditures for 2025 will primarily focus on the Red River Project, contingent on environmental permit approvals and project progression[234]. Asset Management - The company applies the acquisition method for business combinations, requiring significant estimates and assumptions regarding fair values[242]. - Reclamation costs related to asset retirement obligations are allocated to expense over the life of the related mine assets[247]. - The company recognizes deferred tax assets based on the likelihood of realization, considering future taxable income and tax-planning strategies[249]. - The company’s asset retirement obligation related to the Five Forks Mine is recorded at $4.5 million as of December 31, 2024[239].

Financial Performance and Projections - Arq, Inc. announced preliminary fiscal year 2024 capital expenditure results related to the granular activated carbon (GAC) expansion project at the Red River facility[4] - The preliminary estimates are not audited and may be subject to material adjustments[5] - Forward-looking statements include expectations regarding costs and timing for capital improvements and anticipated production capacities for GAC products[8] Customer and Legal Engagement - The company is progressing on customer engagement and has commenced certain legal proceedings related to the GAC expansion project[6] Risks and Challenges - Risks include management's ability to maintain relationships with customers and suppliers, construction costs, and operational difficulties[8] Corporate Identity - The company changed its name from Advanced Emissions Solutions, Inc. to Arq, Inc. on February 1, 2024[10]