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MTM Critical Metals Secures Supply Agreement for E-Waste and Announces Breakthrough Recovery of Ultra-High-Grade Gold and Other High-Value Metals from E-Scrap
Prnewswire· 2025-04-09 13:00
Core Insights - MTM Critical Metals has achieved a breakthrough in sustainable metal recovery, extracting ultra-high-grade gold at 551 g/t and other valuable metals from electronic waste [1][2] - The company has signed a Letter of Intent for a five-year supply agreement with Dynamic Lifecycle Innovations, ensuring a minimum supply of 700 tons per annum of E-Scrap [1][3] Technology and Recovery Process - Utilizing proprietary Flash Joule Heating (FJH) technology, the company recovered gold and silver concentrations of 551 g/t and 2,804 g/t respectively, with copper recovery at 42% [2] - The recovery process is efficient, achieving over 95% recovery of gold and titanium, and more than 90% recovery of silver, tin, and zinc into water-soluble metal chlorides, without toxic waste [2] Supply Agreement and Commercialization - The long-term supply agreement with Dynamic Lifecycle Innovations is crucial for ensuring a consistent feedstock supply, which is fundamental for the commercial rollout of the technology [3][4] - The agreement is seen as a pivotal milestone in the company's commercialization journey, providing both technology and supply chain support for future strategic partnerships [4] Company Background - MTM Critical Metals is based in Perth, Western Australia, and Houston, Texas, specializing in advanced metal recovery technologies [4] - The company’s U.S. subsidiary, Flash Metals USA, holds exclusive licensing rights to the innovative Flash Joule Heating technology developed by Rice University [4] - MTM also possesses exploration assets for niobium, rare earth elements, and gold, located in Western Australia and Quebec [4]
Quest Resource Holding Corporation Finalizes Sale of Non-Core Portion of RWS Business
Newsfilter· 2025-04-04 20:00
Core Insights - Quest Resource Holding Corporation has successfully sold a non-core segment of its business, specifically the tenant-direct portion of the RWS commercial property management business, to Lincoln Waste Solutions for approximately $5 million in cash at closing, with potential additional payments based on future performance [2][3]. Financial Impact - The sale is expected to enhance the company's focus on its core portfolio, which is anticipated to yield greater growth and financial returns. It also eliminates a segment that contributed to inconsistent financial performance without generating profits [2][4]. - The total consideration for the sale includes a cash payment of $5 million, with additional amounts not exceeding $6.5 million based on future performance, along with a one-time payment related to acquired accounts receivable [3]. Strategic Focus - The transaction aligns with the company's initiatives aimed at increasing profitability, improving operational efficiencies, and generating more consistent financial results. The company plans to utilize the cash from the sale to pay down debt [4]. - The CEO of Lincoln Waste Solutions expressed confidence in managing the newly acquired clients, highlighting their tailored strategies and extensive experience in the waste management sector [5][7]. Company Overview - Quest Resource Holding Corporation is a national provider of waste and recycling services, focusing on helping larger businesses meet their environmental and sustainability goals. The company offers expertise across various industry sectors to create client-specific solutions that yield measurable business and sustainability outcomes [6]. - Lincoln Waste Solutions, part of Reconomy, specializes in full-service waste and recycling management solutions, serving multi-location businesses across the U.S., Canada, and Puerto Rico, with a focus on maximizing cost savings and enhancing recycling rates [7][8].
Radius Recycling Reports Second Quarter Fiscal 2025 Financial Results
Newsfilter· 2025-04-04 12:30
Core Insights - Radius Recycling, Inc. reported a net loss of $33 million for the second quarter of fiscal 2025, slightly improved from a loss of $34 million in the same quarter of the previous year [3][11] - The company generated positive operating cash flow of $20 million and free cash flow of $13 million during the quarter [4][11] - The company declared a quarterly dividend of $0.1875 per share, marking its 124th consecutive quarterly dividend [7][11] Financial Performance - The adjusted loss per share from continuing operations was $(0.99) in Q2 2025, compared to $(1.04) in Q2 2024 [3][11] - Revenues for Q2 2025 were $643 million, up from $621 million in Q2 2024 [11][13] - The gross margin decreased to $27 million in Q2 2025 from $40 million in Q2 2024 [11][13] Sales and Pricing - Ferrous sales volumes increased by 12% year-over-year, while average net selling prices for ferrous products were 14% lower [6][11] - Nonferrous average net selling prices rose by 10%, although nonferrous sales volumes were down by 1% year-over-year [6][11] - Finished steel sales volumes increased by 15% year-over-year, despite a 9% decline in average net selling prices [6][11] Operational Metrics - The mill utilization rate improved to 88% in Q2 2025 from 81% in Q2 2024 [6][11] - The company implemented productivity initiatives that led to a 12% reduction in consolidated Selling, General, and Administrative (SG&A) costs compared to the prior year [6][11] - Capital expenditures for the quarter were $11 million [4][11] Debt and Cash Flow - Total debt at the end of Q2 2025 was $430 million, with net debt (debt minus cash) at $424 million [4][11] - The effective tax rate for the quarter was a benefit of 11% on a pre-tax loss, influenced by a favorable true-up from changes in performance estimates [5][11] Merger Update - Radius Recycling entered into a Merger Agreement with Toyota Tsusho America, Inc., anticipating the merger to close in the second half of calendar 2025 [8][11] - The company will not hold a second quarter earnings conference call due to the pending merger [9][11]
Aqua Metals(AQMS) - 2024 Q4 - Earnings Call Transcript
2025-03-31 20:30
Aqua Metals, Inc. (AQMS) Q4 2024 Earnings Conference Call March 31, 2025 04:30 PM ET Company Participants Conference Moderator - ModeratorJudd Merrill - Chief Financial OfficerTeleconference Operator - OperatorSteve Cotton - President and Chief Executive OfficerBob Myers - Investor Relations Conference Call Participants Mickey Legg - Analyst, Benchmark Company Teleconference Operator An answer session will follow the presentation. You may submit questions via the webcast at any time by using the ask a quest ...
Aqua Metals Reports Milestone Advancements, Strategic Progress, and Sierra ARC Lithium Battery Recycling Campus Developments in 2024
Globenewswire· 2025-03-31 20:05
Core Insights - Aqua Metals, Inc. has made significant advancements in sustainable lithium battery recycling through its proprietary Li AquaRefining™ process, achieving high-purity material production and establishing commercial partnerships [1][2][4] Technology and Innovation - The Li AquaRefining™ process has been validated at scale, demonstrating over 99% recovery rates for lithium, cobalt, and nickel, while achieving 83% lower CO₂ emissions compared to traditional methods [6] - The company has completed a three-week endurance run of the pilot plant, confirming its readiness for commercial scale-up [6] Commercial Developments - Aqua Metals is preparing to install equipment at the Sierra ARC facility, which will process 7,000 tonnes of black mass feedstock annually, contingent on securing additional financing [2][4] - A long-term supply agreement has been signed with 6K Energy to provide up to 30% of recycled content for its domestic cathode manufacturing facility, marking a significant step towards a closed-loop battery material partnership [6] Financial Performance - The company raised approximately $15 million in equity, indicating strong internal confidence, and received a $2.2 million tax abatement from the State of Nevada, linked to a projected $392 million economic impact [6] - As of December 31, 2024, Aqua Metals reported total assets of $26.365 million, down from $33.600 million in 2023, with a net loss of $24.555 million for the year [10][14] Strategic Vision - The company aims to build a resilient, low-capex, and rapidly scalable platform for critical mineral recovery in the U.S., focusing on higher-margin products and deepening strategic partnerships [4][6] - Aqua Metals has been recognized for its leadership in sustainability and clean energy job growth, being named a "Top Project of 2024" by Environment + Energy Leader [6]
ATRenew(RERE) - 2024 Q4 - Earnings Call Transcript
2025-03-11 18:25
ATRenew Inc. (NYSE:RERE) Q4 2024 Earnings Conference Call March 11, 2025 8:00 AM ET Company Participants Jeremy Ji - Director, Corporate Development & Investor Relations Kerry Chen - Founder, Chairman & Chief Executive Officer Rex Chen - Chief Financial Officer Conference Call Participants Joyce Ju - Bank of America Wan Jiao - CICC Michael Kim - Zacks Small-Cap Research Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to ATRenew Inc.'s Fourth Quarter and Fu ...
Comstock(LODE) - 2024 Q4 - Earnings Call Transcript
2025-03-07 01:17
Trevor Brucato Welcome investors, analysts, and other stakeholders to Comstock's 2024 annual results and business update. This is Trevor Brucato with RB Milestone Group, Comstock's US-based investor relations firm. Comstock is listed on the NYSE American under the symbol LODE, and I am pleased to have with me the company's Chief Executive Officer and Executive Chair, Corrado De Gasperis, and Chief Operating Officer, William McCarthy. I would like to first thank those who submitted questions during registrat ...
LanzaTech Announces Progress on Strategic Actions to Sharpen Business Focus and Improve Cost Structure
Newsfilter· 2025-03-04 21:30
Core Insights - LanzaTech is transitioning from an innovation hub to a profitable enterprise, aiming for approximately $30 million in annual cash operating expense reductions [1][4] - The company is focusing on globally deploying proven technology and pursuing high-impact commercial projects aligned with profitability [2][4] - A strategic spin-out of its synthetic biology platform, LanzaX, and evaluation of scale-up opportunities for LanzaTech Nutritional Protein (LNP) are part of this transition [2] Financial and Operational Updates - The fourth quarter and full-year 2024 earnings call has been rescheduled to March 31, 2025, to align with the filing of the Annual Report on Form 10-K [1][5] - The company is implementing measures to evaluate its global footprint, which may lead to a workforce reduction of approximately 10 to 15 percent [4] Project Developments - High-priority commercial projects include waste-based ethanol-to-Sustainable Aviation Fuel (SAF) facilities in the UK and EU, each with a capacity of 30 million gallons per year [3] - The LanzaTech and LanzaJet CirculAir™ solution will be utilized in these projects to create an efficient offering for the aviation industry [3]
PureCycle Technologies(PCT) - 2024 Q4 - Earnings Call Transcript
2025-02-27 16:00
PureCycle (PCT) Q4 2024 Earnings Call February 27, 2025 10:00 AM ET Company Participants Eric DeNatale - Director - IRDustin Olson - Chief Executive OfficerJaime Vasquez - Chief Financial OfficerAadit Shrestha - Equity Research Associate Conference Call Participants Andres Sheppard - AnalystHassan Ahmed - Senior Equity AnalystEric Stine - Senior Research AnalystThomas Boyes - AnalystGerard Sweeney - Managing Director & Senior Research Analyst Operator Ladies and gentlemen, thank you for standing by. Welcome ...
超50亿元!30万吨废旧锂电池项目落地江苏
起点锂电· 2025-02-11 11:07
倒计时17天 2025起点锂电圆柱电池技术论坛 暨圆柱电池20强排行榜发布会 活动主题: 聚集新 技术 探索新工艺 近日,江苏省徐州市沛县生态环境局就"锐驰新能源(徐州)有限公司年循环再利用30万吨废 旧锂电池项目(一期工程)"环境影响评价文件进行了公开公示。 项目以物理方法为主,年回收循环再利用30万吨废旧锂电池,由锐驰新能源(徐州)有限公司 负责。项目总投资额505000万元,其中一期工程150000万元,一期工程环保投资2584万元, 占一期工程投资额的1.72%。此次公式的项目为一期工程,年回收循环再利用废旧磷酸铁锂电 池1.5万吨,均为不能被梯次利用的需进行拆解回收的废旧磷酸铁锂电池。 ( 来源:徐州宝 ) 点击" 阅读原文 "报名参会! 主办单位: 起点锂电、起点研究院(SPIR) 活动时间: 2025年2月28日 活动地点: 深圳宝安登喜路国际酒店2楼国际厅 活动规模: 500+人 ☆走进国轩高科 ☆走进利维能 ☆走进诺达智慧 ☆走进中泽科技 ☆走进苏州力神 ☆走进睿恩新能源 ☆走进天鹏电源 ☆走进中比新能 源 ☆走进天能集团 ☆走进新能安 ☆走进浙江锋锂 ☆走进华立源 ☆走进鹏辉能源 ☆走进欣 ...