Core Insights - Campine NV is making a strategic investment in the third generation of its proprietary antimony recycling technology, which will enhance its production capacity by an additional 800 to 1,000 tonnes per year of commercial-grade antimony metal from various industrial waste streams [2][4]. Group 1: Investment in Antimony Recycling Technology - The investment amounts to approximately EUR 7 million, with the new installation expected to become operational by mid-2027 [4]. - Previous generations of Campine's technology focused on recycling waste streams into antimony trioxide, while the new technology will allow for the commercialization of recycled antimony metal to third parties in Europe [3]. Group 2: Transition to Euronext Brussels Continuous Market - Campine's shares will transition from the Euronext Brussels double fixing market to the continuous market due to increased trading activity, with over 10,000 transactions recorded in 2025 [5][6]. - The transition is expected to improve accessibility and trading flexibility for shareholders, potentially increasing the visibility and liquidity of Campine's shares [7]. Group 3: Market Conditions and Business Update - The antimony market has cooled off, with prices dropping from approximately USD 60,000 per tonne to below USD 40,000 per tonne [7][8]. - Despite the price correction, demand for antimony is gradually recovering, and Campine maintains a global leadership position in the antimony trioxide market [8][9]. Group 4: 2025 Financial Outlook - Campine expects an EBITDA exceeding EUR 80 million for 2025, which would represent a record, more than doubling the result achieved in 2024 [11]. - The consolidation of the Ecobat plants' Q4 2025 results is anticipated to further enhance profitability, although sustaining such exceptional results may be challenging in 2026 due to market volatility [11][12].