GREENWICH, Conn., March 26, 2026 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 12th Annual Waste & Environmental Services Symposium in Midtown Manhattan, New York City on Thursday, April 9th, 2026. The symposium will feature discussions with leading companies and organizations across the waste and environmental services ecosystems, with an emphasis on industry dynamics, current trends, and business fundamentals, as well as waste and sustainability investing and other relevant panels. Attendees may also ha ...

Group 1 - Loop Industries, Inc. (LOOP) is a notable stock within the Basic Materials sector, which consists of 255 companies and ranks 3 in the Zacks Sector Rank [2] - LOOP has a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions and improving earnings prospects [3] - The Zacks Consensus Estimate for LOOP's full-year earnings has increased by 12% in the past quarter, reflecting improved analyst sentiment [4] Group 2 - Year-to-date, LOOP has achieved a return of approximately 31.5%, outperforming the Basic Materials sector average return of 22.1% [4] - LOOP belongs to the Chemical - Specialty industry, which includes 43 stocks and has an average gain of 14.5% this year, indicating LOOP's strong performance relative to its peers [6] - Methanex (MEOH), another stock in the Basic Materials sector, has a year-to-date return of 34.2% and also holds a Zacks Rank of 2 (Buy) [5]

Core Insights - Loop Industries is progressing on its India and Europe growth plans, highlighting a new multi-year supply agreement with Nike and ongoing project financing efforts [4] India Facility - The Infinite Loop India manufacturing facility is on budget and on schedule for completion by the end of 2027, with a multi-year, take-or-pay supply agreement with Nike as an anchor customer [3][7] - The facility is expected to have five to six customers in total, with ongoing discussions with additional consumer packaged goods and apparel companies [1][7] - The India project has a debt package of approximately $130 million, covering about 70% of project financing, with Loop's equity contribution expected to be around $28 million [6][18] Supply Agreements - Loop executed a supply contract with Nike, providing a fixed annual volume of "Twist," a textile-to-textile polyester resin, at a fixed price for multiple years [2] - The contract includes a "take-or-pay" element, ensuring Nike pays a percentage of the sales price even if it does not take delivery [2] European Strategy - Site selection for a licensed 70,000-ton European plant is nearing completion, with a lead site in Germany under negotiation [5][14] - A modular construction approach is being considered for the European plant, which could reduce capital costs by approximately 50% [5][12] - The European plant is expected to be primarily packaging-focused, with potential for textile processing depending on customer needs [16] Engineering and Construction - Toyo, a Japanese engineering and construction company, has been hired to complete detailed engineering for the India facility, which began on November 1 [11] - Engineering and milestone payments from the European project are anticipated to generate meaningful revenue and profits for Loop over the next three years [15] Financial Overview - Loop's cash operating expenses for the quarter were reported at $2.2 million, down $1.1 million year over year, with total liquidity available at $7.7 million [18] - The company is focused on raising the remaining financing needed for its equity contribution and operating expenses until the India facility becomes operational [19] Market Opportunity - Growing demand for textile-to-textile recycling is emphasized, driven by regulatory changes in Europe aimed at increasing recycled content in clothing [8] - Loop's technology is well-suited for processing post-consumer textile waste, which represents a significant market opportunity, with global polyester textiles totaling about 85 million tons per year [9]

Group 1 - The article does not provide any relevant content regarding the company or industry [1]

Financial Data and Key Metrics Changes - Cash operating expenses for the quarter were $2.2 million, reflecting a year-over-year decrease of $1.1 million [11] - Total liquidity available at the end of the third quarter was $7.7 million, which is expected to continue decreasing in the coming quarters [11][12] - The company has managed to reduce cash operating expenses significantly, with further opportunities for reduction already locked in [15] Business Line Data and Key Metrics Changes - The Infinite Loop India project is on budget and on schedule, with a supply contract executed with Nike as an anchor customer [3][4] - The facility in India is expected to have between five to six customers total, with ongoing negotiations for additional offtake agreements [27] - The textile-to-textile recycling segment is becoming a significant growth driver due to new European regulations mandating recycled content in clothing [4][8] Market Data and Key Metrics Changes - 66% of all PET and polyester manufactured globally comes from the polyester textile side, amounting to approximately 85 million tons per year [8] - The demand for textile-to-textile recycling is increasing as European regulations are set to be enforced starting in 2028 [7][8] Company Strategy and Development Direction - The company is focused on raising the remaining financing required for its equity contribution to the ELITE project and for operating expenses until the Indian facility starts up [12] - The partnership with Reed Société Générale Group is progressing, with site selection for a plant in Europe narrowing down to three potential sites [10][11] - The company is leveraging low-cost manufacturing in India to maintain competitive pricing and reduce capital expenditures [48][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the financing and progress of both the Indian and European projects, anticipating meaningful revenue and profitability from engineering fees [16] - The company is well-positioned to capitalize on the growing demand for recycled materials due to regulatory changes in Europe [8][9] - Management highlighted the importance of their unique low-temperature depolymerization technology in overcoming recycling challenges [6][7] Other Important Information - The Indian facility is scheduled for construction completion by the end of 2027, aligning with the enforcement of new regulations [8][36] - The debt package for the Indian project is $130 million, with Loop required to provide an equity component of approximately $28 million [49][50] Q&A Session Summary Question: How much of the facility in India is under contract? - Management expects to have between five to six customers for the facility, currently having Nike and Tyrell Plus, with negotiations ongoing for additional customers [27] Question: Are pricing and margins similar for textile and packaging? - Management indicated that textile currently commands a higher premium due to regulatory pressures, but both segments are comparable in pricing [28][30] Question: What is the size of the German plant? - The German plant will have a capacity of 70,000 tons, similar to the Indian facility [45] Question: What is the size of the debt package for India? - The debt package for the Indian project is $130 million, with Loop providing an equity component of approximately $28 million [49][50] Question: What is the expected payback period for the Indian facility? - The payback period for the plant in India is expected to be less than three years [69]

Financial Data and Key Metrics Changes - Cash operating expenses for the quarter were $2.2 million, reflecting a year-over-year decrease of $1.1 million [11] - Total liquidity available at the end of the third quarter was $7.7 million, which is expected to decrease in the coming quarters [11][12] Business Line Data and Key Metrics Changes - The Infinite Loop India project is on budget and on schedule, with a supply contract executed with Nike for a fixed amount of Twist, the textile-to-textile polyester resin [3][4] - The company expects to have between five to six customers total for the facility, with ongoing negotiations for additional offtake agreements [27] Market Data and Key Metrics Changes - European regulations mandating more recycled content in clothing are driving demand for textile-to-textile recycling solutions [4][8] - 66% of all PET and polyester manufactured globally comes from the polyester textile side, representing a significant market opportunity [8] Company Strategy and Development Direction - The company is focused on expanding its manufacturing capabilities in India and Europe, with a strategic partnership with Reed Management and Société Générale Group for a project in Europe [3][10] - The Indian facility is strategically located near a textile hub and a free trade zone, facilitating the import of waste clothing for recycling [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the financing and operational progress, anticipating meaningful revenue and profitability from engineering fees in both India and Europe [16] - The company is well-positioned to capitalize on the growing demand for textile recycling due to upcoming regulations in Europe [8][10] Other Important Information - The debt package for the Indian facility is projected to be $130 million, with Loop required to provide an equity component of approximately $28 million [49][50] - The construction of the Indian facility is scheduled for completion by the end of 2027 [9][36] Q&A Session Summary Question: How much of the facility in India is under contract? - The company expects to have between five to six customers total for the facility, currently having Nike and Tyrell Plus, with negotiations ongoing for additional customers [27] Question: Are pricing and margins similar for textile and packaging? - The textile side currently commands higher premiums due to regulatory pressures, while both sides are comparable in pricing depending on customer needs [30] Question: What is the size of the German plant? - The German plant will have a capacity of 70,000 tons, the same as the Indian facility [45] Question: What is the size of the debt package for India? - The debt package for India is $130 million, with Loop providing an equity component of approximately $28 million [49][50] Question: What is the expected payback period for the Indian plant? - The payback period for the plant in India is expected to be less than three years [69]

Financial Data and Key Metrics Changes - Cash operating expenses for Q3 were $2.2 million, reflecting a year-over-year decrease of $1.1 million [11] - Total liquidity available at the end of Q3 was $7.7 million, expected to decrease in the coming quarters [11][12] Business Line Data and Key Metrics Changes - The company executed a supply contract with Nike for a fixed amount of Twist, its textile-to-textile polyester resin, with a guaranteed take-or-pay element [4] - The textile-to-textile segment is becoming a significant growth driver due to new European regulations mandating recycled content in clothing [4][8] Market Data and Key Metrics Changes - 66% of all PET and polyester manufactured globally comes from the polyester textile side, amounting to approximately 85 million tons per year [8] - The demand for textile-to-textile recycling is increasing as European regulations will start being enforced in 2028 [7][8] Company Strategy and Development Direction - The Infinite Loop India manufacturing facility is on budget and on schedule, with construction expected to be completed by the end of 2027 [3][9] - The company is focusing on raising financing for its equity contribution to the ELITE project and ongoing operations until the Indian facility starts up [12] - The partnership with Reed Société Générale Group is progressing, with a lead site in Germany being negotiated for a similar plant [10][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the financing and operational progress, anticipating meaningful revenue and profitability from engineering fees in both India and Europe [16] - The company is uniquely positioned to capitalize on the growing demand for textile recycling due to its low-temperature depolymerization technology [8][74] Other Important Information - The company is engaged with multiple parties regarding financing to fund its investment in ELITE, with anticipated engineering revenues expected to support ongoing operations [12][67] - The Indian facility will have a total capacity of 170,000 tons, with significant amounts of textile waste available for processing [66] Q&A Session Summary Question: How much of the facility in India is under contract? - The company expects to have between five to six customers for the facility, currently having Nike and Tyrell Plus, with negotiations ongoing with several other brands [26] Question: Are pricing and margins similar for textile and packaging? - The textile side currently commands higher premiums due to regulatory pressures, while both sides are comparable depending on customer needs [29] Question: What is the size of the debt package for India? - The debt package for India is $130 million, with Loop's equity contribution being approximately $28 million [49][50] Question: What is the timeline for the India facility? - Construction is scheduled to be completed in Q4 of 2027, with detailed engineering already underway [35] Question: How does the CapEx for the European facility compare to India? - The European facility will be slightly more expensive due to transportation and reconnection costs, but existing utilities on-site will help offset some costs [62] Question: What is the expected payback period for the Indian plant? - The payback period for the Indian plant is expected to be less than three years [68]

Financial Performance - Loop Industries reported total revenues of $86,000 for Q3 2025, an increase of $34,000 compared to $52,000 in Q3 2024, primarily from engineering services provided to the India joint venture[13] - The net loss for Q3 2025 was $2.944 million, a decrease of $8.968 million from a net loss of $11.912 million in Q3 2024, attributed to reduced research and development and general administrative expenses[17] - For the nine-month period ended November 30, 2025, total revenues increased by $257,000 to $338,000, driven by $330,000 in engineering fees[20] - Net loss for the nine months ended November 30, 2025, was $9,595,000, a decrease from a net loss of $21,940,000 for the same period in 2024, indicating a 56.32% improvement[31] - The company reported a comprehensive loss of $2,937,000 for the three months ended November 30, 2025, compared to a comprehensive loss of $12,047,000 for the same period in 2024, indicating a 75.66% improvement[27] Expenses Management - Cash operating expenses for the quarter were $2.2 million, reflecting a year-over-year decrease of $1.1 million, with total available liquidity at $7.7 million[7] - Research and development expenses decreased by $410,000 to $967,000 in Q3 2025, compared to $1.377 million in Q3 2024, mainly due to lower external engineering costs[14] - General and administrative expenses decreased by $648,000 to $1.5 million in Q3 2025, compared to $2.148 million in Q3 2024, primarily due to reduced professional fees[15] - Total expenses for the three months ended November 30, 2025, were $2,626,000, significantly lower than $12,117,000 for the same period in 2024, marking a 78.32% decrease[27] Assets and Liquidity - Total assets as of November 30, 2025, were $11,290,000, a decrease from $18,578,000 as of February 28, 2025, showing a 39.66% decline[29] - Cash and cash equivalents at the end of the period were $5,204,000, down from $12,973,000 at the beginning of the period, representing a 59.92% decrease[31] Strategic Partnerships and Developments - Loop secured a multi-year offtake agreement with Nike for the sale of Twist™ polyester from its joint venture in India, marking a significant commercial milestone[4] - The company is progressing with project debt financing for the India joint venture, with term sheets received from international lenders[4] - Loop appointed Spencer Hart as Chief Financial Officer effective January 15, 2026, to lead financing discussions and support global expansion[6] - The company anticipates potential engineering services revenues and milestone payments from its projects in India and Europe, as well as benefits from partnerships with Nike and Reed Societe Generale Group[33] Technology and Sustainability Focus - Loop Industries is focused on developing technology to recycle PET plastic and polyester fiber, contributing to sustainability and a circular economy[32]

Technology and Innovation - Loop Industries has successfully operated its Terrebonne Facility for five years, demonstrating effective monomer recovery and supplying virgin-quality PET resin and polyester fiber to customers[92]. - The Infinite Loop™ Technology allows for the recycling of a wide range of contaminated PET and polyester fiber waste into virgin-quality materials, operating at low temperatures without added pressure[104]. - Loop's depolymerization technology can recycle materials infinitely without degrading quality, addressing the limitations of mechanical recycling[105]. - Loop's technology is designed to handle more contaminated feedstock compared to existing depolymerization methods, enhancing scalability[103]. - The Infinite Loop™ Technology is positioned to respond to the global transition towards a circular economy, focusing on recycling waste polyester that would otherwise be discarded[134]. Business Development and Partnerships - The company is advancing towards constructing an Infinite Loop™ manufacturing facility in India with a planned production capacity of 70,000 tons per year of Loop branded PET resin and polyester fiber[93]. - Loop has sold its first technology license to Reed Management SAS for an initial down payment of €10 million, with additional milestone payments as the project progresses[93]. - The company has entered into an Amended Agreement with Reed Management SAS to develop Infinite Loop™ manufacturing facilities in Europe[108]. - Loop has signed a multi-year offtake agreement with Nike, Inc. to supply agreed minimum volumes of Twist™, a virgin-quality circular polyester resin made exclusively from textile waste[146]. - The Company announced a strategic alliance with Hyosung TNC to expand access to circular polyester through textile-to-textile supply chains[149]. Financial Performance - The Company reported total revenues of $86, an increase of $34 compared to $52 for the same period in 2024, primarily from engineering services provided to the India joint venture[158]. - For the nine-month period ended November 30, 2025, total revenues increased by $257 to $338, compared to $81 for the same period in 2024[165]. - The net loss for the three-month period ended November 30, 2025, decreased by $8,968 to $2,944, compared to $11,912 for the same period in 2024[162]. - The net loss for the nine-month period ended November 30, 2025, decreased by $12,345 to $9,595, compared to $21,940 for the same period in 2024[171]. Expenses and Cash Flow - Research and development expenses decreased by $410 to $967 for the three-month period ended November 30, 2025, compared to $1,377 for the same period in 2024[159]. - General and administrative expenses decreased by $648 to $1,500 for the three-month period ended November 30, 2025, compared to $2,148 for the same period in 2024[160]. - Research and development expenses for the nine-month period ended November 30, 2025, decreased by $2,377 to $3,182, compared to $5,559 for the same period in 2024[167]. - General and administrative expenses for the nine-month period ended November 30, 2025, decreased by $2,636 to $5,018, compared to $7,654 for the same period in 2024[168]. - The Company reported a net cash used in operating activities of $7,372 for the nine months ended November 30, 2025, an improvement from $8,635 in the same period of 2024[190]. Investments and Financing - Loop issued 1,044,430 shares of Series B Convertible Preferred Stock at $10.00 per share to Reed Circular Economy as part of the financing and licensing transactions[109]. - The Company issued 1,044,430 shares of Series B CPS at $10.00 per share, resulting in cash proceeds of $10,395 on December 23, 2024[178]. - The Financing Facility with Investissement Québec has a maximum obligation of $3,291, with total disbursements of $3,290 received by the Company[179]. - The interest rate on the Financing Facility was increased from 2.36% to 4.36% through multiple amendments, with the latest amendment on February 5, 2025[182]. - The Company has approximately $14.1 million of capacity remaining under the At-the-Market Equity Offering as of November 30, 2025[153].

Core Insights - Loop Industries, Inc. has made significant progress in its Infinite Loop India project, including an offtake agreement with Nike and the awarding of a detailed engineering contract to Toyo Engineering [1] - The company is advancing its project debt financing for Infinite Loop India, indicating a strong commitment to the project's financial backing [1] - Spencer Hart has joined Loop as CFO, which may enhance the company's financial management and strategic direction [1] - An update call is scheduled for January 15, 2026, at 8:45 AM ET, providing an opportunity for stakeholders to receive further insights into the company's developments [1] Financial Results - Loop Industries reported its consolidated financial results for the third quarter of fiscal year 2026, reflecting the company's ongoing operational performance [1] - The financial results will likely provide insights into revenue, expenses, and overall profitability, although specific figures are not detailed in the provided content [1]