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Argo Acquires Additional Saskatchewan Uranium Claim
Newsfile· 2024-12-23 12:30
Core Viewpoint - Argo Gold Inc. has acquired the Thunderclap mineral claim in Saskatchewan, expanding its portfolio to a total of 16,059 hectares of prospective uranium mineral claims in the Athabasca Basin [15]. Group 1: Acquisition Details - The Thunderclap mineral claim covers an area of 97 hectares and was acquired for a cash payment of $1,000 [15]. - In addition to the cash payment, Argo issued 500,000 common shares valued at C$40,000 as part of the acquisition agreement for the Thunderbolt and Zig Zag claims [11]. Group 2: Geological Context - The Thunderclap mineral claim is strategically located near several significant uranium mines, including the McLean Lake Uranium Mine and Cameco's Cigar Lake High Grade Uranium Mine [1]. - Historical drilling results in the vicinity of Thunderclap indicate promising uranium mineralization, with notable intersections of 0.13% eU3O8 over 4 metres and 0.25% eU3O8 over 4.0 metres [6][7]. Group 3: Industry Position - Saskatchewan is ranked third globally for mineral exploration and mining investment attractiveness, positioning Argo favorably for advancing its exploration efforts [17]. - The region's mining-friendly jurisdiction enhances the potential for successful mineral exploration and development [17].
Argo Acquires Saskatchewan Uranium Mineral Claims
Newsfile· 2024-12-03 21:57
Core Viewpoint - Argo Gold Inc. has entered into agreements to acquire additional mineral claims in Saskatchewan, specifically in the Athabasca Basin, which are considered prospective for uranium mineralization [1][6]. Group 1: Acquisition Details - The Parker Lake claims, totaling 11,644 hectares, are being acquired in exchange for a 2% net smelter returns royalty granted to the vendors [2][3]. - The Thunderbolt and ZigZag claims, covering 3,692 hectares and 626 hectares respectively, are being purchased for a total of $5,000 in cash and the issuance of 500,000 common shares, subject to a four-month hold period [2][4][5]. Group 2: Geological Significance - The Parker Lake claims are located near a cluster of untested airborne radioactive anomalies and are thought to have a geological setting similar to the Rabbit Lake/Eagle Point Mine [3]. - The Thunderbolt claims are situated near significant uranium deposits, including ISO Energy's Hurricane Deposit, which has 48 million pounds of U3O8 at 34.5% U3O8 [4]. - The Zig Zag claims are aligned with notable uranium discoveries and are located along the Patterson Lake Shear Zone, which has been identified as having potential for further exploration [5]. Group 3: Industry Context - Saskatchewan is ranked third globally for mineral exploration and mining according to the Fraser Institute's Annual Survey of Mining Companies, indicating a favorable environment for mineral exploration [6].
Arq(ARQ) - 2024 Q3 - Earnings Call Transcript
2024-11-09 21:15
Arq, Inc. (NASDAQ:ARQ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Anthony Nathan - Investor and Corporate Relations Robert Rasmus - Chief Executive Officer Stacia Hansen - Chief Accounting Officer Conference Call Participants Gerry Sweeney - ROTH MKM Graham Mattison - Water Tower Research Operator Hello and thank you for standing by. At this time, I'd like to welcome everyone to the Arq Third Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any ...
Argo's September 2024 Oil Production and Update
Newsfile· 2024-11-07 14:25
Core Insights - Argo Gold Inc reported a total oil production of 3,565 barrels in September 2024, averaging 118 barrels per day [1][2] - The average oil price for the month was CDN$68 per barrel, resulting in total oil revenue of $241,198 and net operating cash flow of $163,738 [1][2] Production Details - Lindbergh 1 (37.5% interest) produced 102 barrels per day, contributing $77,775 to revenue and $54,292 to net operating cash flow [2] - Lloyd 1 (18.75% interest) produced 166 barrels per day, contributing $63,175 to revenue and $39,752 to net operating cash flow [2] - Lindbergh 2 (37.5% interest) produced 83 barrels per day, contributing $63,279 to revenue and $41,409 to net operating cash flow [2] - Lloyd 2 (18.75% interest) produced 97 barrels per day, contributing $36,969 to revenue and $28,285 to net operating cash flow [2] - Lloyd 2 was drilled in late August, equipped in early September, and began production in mid-September [2] Future Developments - In October 2024, Argo participated with an 18.75% interest in the development drilling of a third oil well at Lindbergh, which commenced production in late October [2]
Arq, Inc. (ARQ) Misses Q3 Earnings Estimates
ZACKS· 2024-11-07 13:45
Arq, Inc. (ARQ) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.06, delivering a surprise of -20%.Over the last four quarters, the company has not been able t ...
Arq(ARQ) - 2024 Q3 - Quarterly Report
2024-11-07 11:45
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 September 30, 2024 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. (Exact na ...
Arq(ARQ) - 2024 Q3 - Quarterly Results
2024-11-07 11:35
Arq Reports Third Quarter 2024 Results Record PAC revenue and profitability driven by ongoing and sustainable improvements Strategic GAC project at Red River remains on target for first deliveries in Q1 2025 with modular commissioning already underway; capex, timing and contracting advancing in-line with expectations Expect to ramp Red River GAC run-rate to 25 million nameplate by end of Q1 2025; identified potential to increase GAC nameplate capacity by 10-20% with no anticipated additional capex required ...
Arq Reports Third Quarter 2024 Results
GlobeNewswire News Room· 2024-11-07 11:30
Record PAC revenue and profitability driven by ongoing and sustainable improvements Strategic GAC project at Red River remains on target for first deliveries in Q1 2025 with modular commissioning already underway; capex, timing and contracting advancing in-line with expectations Expect to ramp Red River GAC run-rate to 25 million nameplate by end of Q1 2025; identified potential to increase GAC nameplate capacity by 10-20% with no anticipated additional capex required GREENWOOD VILLAGE, Colo., Nov. 07, 2024 ...
Water Tower Research Publishes Initiation of Coverage Report on Arq, Inc., “Significant EBITDA Growth from Execution and Expansion into Faster-Growth Markets”
GlobeNewswire News Room· 2024-10-07 18:07
PETERSBURG, FL, Oct. 07, 2024 (GLOBE NEWSWIRE) -- October 7, 2024, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Arq, Inc. (NASDAQ: ARQ) titled, "Significant EBITDA Growth from Execution and Expansion into Faster- Growth Markets." The report can be accessed here. Arq, Inc. is a diversified environmental technology company focused on developing and providing solutions for air, water, and soil purification. The company is a leading pro ...
Arq Publishes its First-Ever ESG Report
GlobeNewswire News Room· 2024-09-25 12:15
Core Viewpoint - Arq, Inc. has published its inaugural Environmental, Social, and Governance (ESG) Report, highlighting its commitment to environmental technology and addressing key environmental and social challenges [1][2]. Environmental Impact - Arq has developed a proprietary process to reclaim, purify, and recycle waste coal fines, ensuring sustainability from sourcing to product impact [3]. - The company's products are designed to enhance access to high-quality water, with a focus on water efficiency and recycling at manufacturing facilities [3]. - Energy efficiency is central to operations, with the Red River facility consistently exporting more electricity than it consumes [3]. Social Responsibility - Safety is a core value at Arq, upheld across all levels of the organization [4]. - The company fosters a culture of inclusivity, respect, and affirmation to unite its workforce and encourage collective achievement [4]. - Engagement through team-building activities is vital for sustainability and community service [4]. Governance - Arq is committed to high standards of corporate governance, ensuring integrity in all business aspects [5]. - The ESG program is overseen by a dedicated team led by an executive officer and monitored by the Nominating and Governance Committee [5]. - The company holds itself accountable to a broad range of stakeholders, operating with honesty, fairness, and integrity [5]. Additional Information - The full 2023 ESG Report is available for download on Arq's Sustainability Page, reinforcing its mission to drive environmental innovation through responsible corporate governance and ethical business practices [6]. - Arq is a diversified environmental technology company, the only vertically integrated producer of activated carbon products in North America, focused on reducing environmental impact [7].