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Comstock Metals and Virtus Renewables Form Strategic Solar Recycling Partnership
Globenewswire· 2025-06-24 20:05
VIRGINIA CITY, Nev., June 24, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE) today announced that its subsidiary, Comstock Metals LLC ("Comstock"), a pioneer in sustainable, zero-landfill solar panel recycling and the first solar panel recycling company in North America to be certified to the R2v3/RIOS Responsible Recycling Standard, has entered into a strategic partnership with Virtus Renewables Service Group Inc. (“Virtus”), a leading provider of comprehensive renewable energy solutions. Und ...
Terreno Realty Continues Acquisition Spree With Buyout in Santa Ana
ZACKS· 2025-06-24 13:56
Key Takeaways Terreno Realty (TRNO) has announced the purchase of an industrial property in Santa Ana, CA, for around $49.5 million, continuing its acquisition spree. The transaction marks an estimated stabilized cap rate of 5.7%. Last week, TRNO acquired an industrial property in Long Island City, Queens, NY, for $16 million. The company has been actively restructuring its portfolio by disposing of non-core assets and opting for value- accretive investments. Such efforts will aid its long-term revenue grow ...
LKQ Corporation and SYNETIQ, an IAA Company Announce Strategic European Joint Venture
Globenewswire· 2025-06-24 12:00
About LKQ Corporation LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe, and Taiwan. LKQ offers its customers a broad range of OE recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles. The joint venture will be led by SYNETIQ's Dismantling Opera ...
MP Materials (MP) 2025 Conference Transcript
2025-06-23 17:00
Summary of MP Materials Conference Call Company Overview - **Company**: MP Materials - **Industry**: Rare Earth Elements and Permanent Magnets Key Points and Arguments Market Dynamics - The market has rapidly evolved from a lack of knowledge about rare earth elements to a heightened awareness due to geopolitical tensions, particularly between the US and China, and export controls imposed by China on critical products [5][12][16] - Permanent magnets are identified as critical enablers of the modern economy, essential for various applications including electric vehicles, drones, and industrial machinery [5][6] Product Segmentation - The discussion highlights the importance of both light and heavy rare earth elements, with a focus on neodymium and praseodymium (NDPR) as the primary components in permanent magnets [6][7] - Heavy rare earth elements like dysprosium and terbium are also produced, but their growth is expected to be slower compared to light rare earths [10][11] Growth Projections - NDPR and magnets are projected to grow at a double-digit compound annual growth rate (CAGR), while heavy rare earths are expected to grow at a slower pace [10][11] - The demand for permanent magnets is driven by their applications across various sectors, including automotive and defense [10][11] Impact of Export Controls - China's recent export controls have prompted a reevaluation of supply chain dependencies, revealing vulnerabilities in the reliance on Chinese-produced magnets [12][14][16] - The controls have led to a wake-up call for industries that previously took the availability of magnets for granted, highlighting the need for domestic production capabilities [14][16] Competitive Positioning - MP Materials positions itself as a national champion in the rare earth space, emphasizing its vertical integration strategy to enhance competitiveness against Chinese producers [19][20] - The company claims to be the lowest cost producer of mixed earth concentrate globally, with plans to expand refining capabilities [20][21] Investment and Production Capacity - Since going public in February 2020, MP Materials has invested nearly $1 billion in its supply chain across upstream, midstream, and downstream operations [28] - The company aims to produce approximately 6,000 tons of NDPR oxide, which could translate to about 12,000 tons of finished magnets [29][30] Government Initiatives - The company supports government initiatives aimed at fostering domestic production of critical materials, including the Section 232 investigation into the national security implications of rare earth elements [32][35] - There is a recognition of the need for a coordinated government approach to build a robust supply chain in the Western world [36][37] Strategic Partnerships - MP Materials is exploring partnerships to build a fully integrated supply chain, which includes refining capabilities and collaboration with other industry players [24][25][26] Additional Important Insights - The company emphasizes the importance of recycling and closed-loop processes to enhance material efficiency and reduce waste in magnet production [22] - The discussion reflects a broader concern about the geopolitical implications of reliance on a single country for critical materials, advocating for a diversified supply chain [16][19] This summary encapsulates the critical insights from the MP Materials conference call, highlighting the company's strategic positioning, market dynamics, and future growth prospects in the rare earth industry.
UGI's AmeriGas Propane to Divest Hawaii Assets by Fiscal Q4 2025
ZACKS· 2025-06-23 14:15
Key Takeaways UGI's AmeriGas is selling Hawaii propane assets to Isle Gas, with closing expected in Q4 fiscal 2025. The deal includes 750,000 gallons of storage and a delivery fleet, with proceeds used to reduce debt. UGI aims to boost efficiency and fund growth by exiting non-core markets and cutting long-term costs.UGI Corporation (UGI) announced that its subsidiary, AmeriGas Propane, L.P. (AmeriGas), has entered into a definitive agreement to divest some of its assets in Hawaii to Isle Gas, a wholly ow ...
Why PureCycle Technologies Stock Was on Fire This Week
The Motley Fool· 2025-06-20 17:00
For the second week in a row, next-generation plastic recycling specialist PureCycle Technologies (PCT -2.59%) was quite the hit on the stock exchange.Thanks to a successful round of capital raising and a bullish analyst note on its prospects, the company's shares were trading nearly 21% higher week to date early Friday morning, according to data compiled by S&P Global Market Intelligence.$300 million worth of good newsPureCycle has managed to raise $300 million in fresh capital commitments from a mix of fo ...
Medical Properties & Praemia REIM JV Announces Refinancing Transaction
ZACKS· 2025-06-18 17:21
Key Takeaways MPW, Praemia REIM JV refinanced its maturing seven-year debt with a 10-year, non-amortizing loan at 5.1% rate. The loan is secured by German rehab hospitals run by MEDIAN, Europe's largest rehab operator. JV's annual cash rent grew 20M euro since 2018, matching expected market interest expense rise from new loan. Medical Properties Trust, Inc. (MPW) — also known as MPT — and Praemia REIM announced that its 50/50 joint venture (“JV”) has refinanced its maturing seven-year debt agreement at a ...
Aqua Metals Announces 2025 Annual Meeting of Stockholders
Globenewswire· 2025-06-18 12:00
Aqua Metals has used, and intends to continue using, its investor relations website (https://ir.aquametals.com), in addition to its X, Threads, LinkedIn and YouTube accounts at https://x.com/AquaMetalsInc (@AquaMetalsInc), https://www.threads.net/@aquametalsinc (@aquametalsinc), https://www.linkedin.com/company/aqua-metals-limited and https://www.youtube.com/@AquaMetals respectively, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. ...
Why PureCycle Technologies Rallied Today
The Motley Fool· 2025-06-17 17:02
Core Viewpoint - PureCycle Technologies has experienced a significant stock surge following a major investment announcement, indicating strong investor confidence in the company's growth potential and expansion plans [1][5]. Funding and Investment - PureCycle has raised $300 million through convertible preferred stock, which offers a 7% coupon and converts to common equity at a 30% premium to the stock's 10-day volume-weighted average price prior to the announcement [2]. - Notable investors in this funding round include Sylebra Capital Management, Samlyn Capital, and Stanley Druckenmiller's Duquesne Family Office, among others [2]. Expansion Plans - The company plans to expand its second U.S. facility in Augusta and construct two new international recycling plants in Thailand and Antwerp, with funding allocated for these developments [3]. - PureCycle anticipates generating $600 million in annual EBITDA by 2030 once the new facilities are fully operational [3]. Market Performance - Following the investment announcement, PureCycle's stock price increased significantly, nearing the preferred shares conversion threshold, driven by robust expansion plans and notable investor participation [5]. - The company's market capitalization is approximately $2.6 billion, which will increase by another $300 million upon conversion of the preferred shares to common stock [6].
"Everything we touch almost every day has a critical mineral."
Yahoo Finance· 2025-06-17 11:30
90% of the rivers in in in the world that are used are processed in China. If you look at where critical minerals are used, the question is where aren't they used. Right.Everything we touched almost every day has a critical mineral whether it's something in a vehicle, could be something in our our homes in terms of our kitchen, but also, you know, a lot of our defense systems and and defense industry relies on rare earth and critical minerals. So, when you think about that at a broader picture, that has a m ...