Group 1 - Argo Gold Inc. intends to renew its normal course issuer bid (NCIB) to purchase up to 3,654,388 common shares, representing 5% of its issued and outstanding shares, over a 12-month period starting June 27, 2025 [1] - Since the inception of the original NCIB, Argo Gold has purchased 777,307 shares and cancelled 747,807 shares, with the uncancelled shares set to be cancelled by June 30, 2025 [2] - The board and management believe that the market price of the common shares may not fully reflect the company's value and prospects, making the share buyback an appropriate strategy for increasing long-term shareholder value [3] Group 2 - The purchase of common shares will be conducted through the Canadian Securities Exchange (CSE) or alternative trading systems, with the price based on the prevailing market price at the time of purchase [4] - Argo Gold is a Canadian mineral exploration and development company, as well as an oil producer, with information available on SEDAR+ and its website [5]

Core Viewpoint - Quantum computing concept stocks in the US market experienced a significant pre-market surge, indicating growing investor interest and optimism in this emerging technology sector [1] Company Summaries - D-Wave Quantum saw a pre-market increase of nearly 13%, following an overnight surge of approximately 26%, highlighting strong market momentum and investor confidence in its growth potential [1] - Arqit Quantum experienced a rise of over 5%, reflecting positive market sentiment towards its business prospects and advancements in quantum technology [1] - SEALSQ CORP also rose nearly 5%, suggesting a favorable outlook among investors for its operations within the quantum computing space [1]

Core Insights - Argo Gold Inc reported a total oil production of 3,249 barrels in March 2025, averaging 105 barrels per day [1] - The average oil price for March 2025 was CDN$65 per barrel, resulting in oil revenue of $211,595 and net operating cash flow of $112,770 [1][2] Production Breakdown - Lindbergh 1 (37.5% interest): 103 bbl/day, oil revenue $78,114, net operating cash flow $43,967 [2] - Lloyd 1 (18.75% interest): 142 bbl/day, oil revenue $53,608, net operating cash flow $28,131 [2] - Lindbergh 2 (37.5% interest): 64.5 bbl/day, oil revenue $48,860, net operating cash flow $24,407 [2] - Lloyd 2 (18.75% interest): 5 bbl/day, oil revenue $1,915, net operating cash flow -$1,440 [2] - Lindbergh 3 (18.75% interest): 77 bbl/day, oil revenue $29,097, net operating cash flow $17,704 [2] Tax Obligation - In April 2025, Argo paid an annual Alberta tax of $130,619 on its 2024 oil production from freehold lands [2]

Core Viewpoint - Argo Gold Inc. has released its Year-End 2024 Reserves Report, indicating significant reserves of heavy crude oil and providing detailed evaluations of its oil production assets [1][2]. Reserves Summary - The Reserves Report, effective December 31, 2024, was prepared by Petrotech and Associates and follows the Canadian Oil and Gas Evaluation Handbook standards [1]. - The report details Argo's interests in five producing oil wells and five undeveloped well locations in Alberta [2]. Reserves Data - Proved Developed Producing Reserves: 827.4 Mbbl gross, 200.3 Mbbl company net, with NPV at 10% of $10.6 million, 15% of $7.0 million [2]. - Proved Undeveloped Reserves: 907.2 Mbbl gross, 170.1 Mbbl company net, with NPV at 10% of $8.0 million, 15% of $4.6 million [2]. - Total Proved Reserves: 1,734.5 Mbbl gross, 370.3 Mbbl company net, with NPV at 10% of $18.6 million, 15% of $11.6 million [2]. - Probable Reserves: 435.8 Mbbl gross, 96.0 Mbbl company net, with NPV at 10% of $5.4 million, 15% of $2.2 million [2]. - Total Proved plus Probable Reserves: 2,170.3 Mbbl gross, 466.3 Mbbl company net, with NPV at 10% of $24.0 million, 15% of $13.8 million [2]. Regulatory Filings - The Company has filed its Form 51-101 F1, F2, and F3 reports for the year ending December 31, 2024, which are available on its website and SEDAR+ [4]. Company Overview - Argo Gold is a Canadian mineral exploration and development company, also engaged in oil production, listed on the Canadian Securities Exchange [5].

Group 1 - The focus has shifted from primarily tech stocks to include offshore drilling, supply industry, and shipping sectors such as tankers, containers, and dry bulk [1] - There is an emerging interest in the fuel cell industry, which is still in its nascent stage [1] Group 2 - The individual has a background in auditing with PricewaterhouseCoopers and transitioned to day trading nearly 20 years ago [2] - The experience includes navigating significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2]

Financial Performance - Total revenue reached $27.2 million, a 25% year-over-year increase, driven by improved Average Selling Price (ASP) and end-market diversification[6, 10] - Adjusted EBITDA was $4.1 million, compared to a loss of $0.4 million in the prior year period, marking four consecutive quarters of positive Adjusted EBITDA[7, 10] - The company achieved net profitability during Q1 2025, with a net income of $0.2 million compared to a net loss of $3.4 million in Q1 2024[10] - Gross margin remained strong at 36.4% in Q1 2025[6, 20] PAC Business - The company achieved its 8th consecutive quarter of double-digit year-over-year growth in PAC ASP, with an approximately 13% ASP increase year-over-year[6, 11, 18] - 100% of PAC contracts are now net cash producers, as loss-making contracts have been eliminated[6, 7, 18] GAC Business & Red River Project - The Red River project is expected to add 25 million pounds of incremental GAC product capacity[27, 31] - The company has entered into supply contracts for approximately 16 million pounds of the Red River plant's nameplate capacity[31] - First commercial-scale production of on-specification GAC product is anticipated by the end of Q2 or early Q3 2025[31, 35] PFAS Regulations & Market Impact - EPA regulations potentially increase municipal water market demand by 3-5x vs the existing approximately 170 million pounds per year[39] - The company estimates that the annual GAC market could grow approximately 75% to over 700 million pounds[108]

分组1 - Arq, Inc. reported break-even quarterly earnings per share, surpassing the Zacks Consensus Estimate of a loss of $0.03, compared to a loss of $0.09 per share a year ago, representing an earnings surprise of 100% [1] - The company posted revenues of $27.25 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 6.43%, and showing an increase from year-ago revenues of $21.74 million [2] - Over the last four quarters, Arq, Inc. has surpassed consensus revenue estimates four times, but has only exceeded consensus EPS estimates once [2] 分组2 - The stock has underperformed, losing about 43.9% since the beginning of the year, while the S&P 500 has declined by 4.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is breakeven on $29.2 million in revenues, and $0.13 on $132.2 million in revenues for the current fiscal year [7] 分组3 - The Zacks Industry Rank indicates that the Waste Removal Services industry is currently in the bottom 23% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that tracking these revisions can be beneficial for investors [5] - The estimate revisions trend for Arq, Inc. is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]

Exhibit 99.1 Arq Reports First Quarter 2025 Results Delivered 25% YoY revenue growth driven by PAC business turnaround Achieved 8 straight quarter of double-digit YoY ASP growth, strong gross margins of 36.4%, 4 consecutive quarter of positive Adjusted EBITDA and positive net income for the quarter th th Signed second largest PAC contract in Arq's history, evidencing sustainability and value of foundational business Updating timing for first commercial GAC production at Red River to end of Q2 or early Q3 20 ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37822 ______________________________________ ARQ, INC. Title of each ...

Core Insights - Arq, Inc. achieved 8 consecutive quarters of double-digit year-over-year average sales price (ASP) growth, with a strong gross margin of 36.4% and positive adjusted EBITDA for four consecutive quarters, indicating a solid financial performance [1][5][14] - The company signed the second largest PAC contract in its history, showcasing the sustainability and value of its foundational business [1][6] - The timeline for the first commercial GAC production at the Red River facility has been updated to the end of Q2 or early Q3 2025 [1][6] - Jay Voncannon has been appointed as Chief Financial Officer, bringing 35 years of finance experience to oversee the company's transformation and growth [1][6] Financial Highlights - Revenue for Q1 2025 was $27.2 million, a 25% increase from $21.7 million in the prior year, driven by higher ASP, positive product mix changes, and increased volumes sold [5][8] - ASP increased by approximately 13% in Q1 2025 compared to the prior year, marking the eighth consecutive quarter of double-digit year-over-year growth [5][8] - Gross margin was 36.4% in Q1 2025, slightly down from 36.9% in the prior year, influenced by improved pricing and customer mix, offset by start-up costs related to the GAC line [10][13] - Net income for Q1 2025 was $0.2 million, a significant improvement from a net loss of $3.4 million in the prior year [13][14] - Adjusted EBITDA for Q1 2025 was $4.1 million, compared to an adjusted EBITDA loss of $0.4 million in the prior year, reflecting four consecutive quarters of positive adjusted EBITDA [14][15] Operational Highlights - All powder activated carbon (PAC) contracts are now net cash producers following the resolution of negative margin agreements as of December 31, 2024 [5] - The company completed mechanical construction of the GAC facility in January 2025, with small non-commercial scale volumes produced, but not yet at the consistency required for commercial production [6][7] - The company maintains a guidance of a 3-6 month ramp-up phase to reach a 25-million-pound nameplate capacity at Red River after the first commercial production [6] Capital Expenditures and Balance Sheet - Capital expenditures for 2025 are forecasted to remain between $8 million and $12 million, with $3.7 million spent in Q1 2025 [16] - As of March 31, 2025, cash and restricted cash totaled $14.8 million, down from $22.2 million as of December 31, 2024, primarily due to capital expenditures and inventory buildup [16] - Total debt, including financing leases, was $26.8 million as of March 31, 2025, an increase from $24.8 million as of December 31, 2024, driven by the revolving credit facility [17]