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Cielo Announces Execution and Closing of Amended Settlement Agreement
Globenewswire· 2025-07-17 14:12
Core Viewpoint - Cielo Waste Solutions Corp. has executed an amended and restated settlement agreement with Expander Energy Inc. and related parties, effectively unwinding certain previous transactions, with the unwinding closing on July 16, 2025, pending approval from the TSX Venture Exchange [1][2]. Group 1: Amended Settlement Agreement - The Amended Settlement Agreement replaces a prior settlement agreement executed on April 29, 2025, which was initially expected to close on June 13, 2025 [1]. - The unwinding pertains to transactions completed under an asset purchase agreement dated November 8, 2023, amended on September 16, 2024 [2]. Group 2: Share Cancellation and Legal Proceedings - Approximately 40 million shares have been surrendered by the Settlement Parties for cancellation, with an additional 20 million shares potentially to be surrendered by December 31, 2025 [5]. - All agreements between Cielo and the Settlement Parties, including a license agreement and several service agreements, have been terminated, and Cielo has relinquished its interest in the assets initially acquired [5]. Group 3: Financial Obligations - Cielo has issued a promissory note and general security agreement totaling C$748,208.79 to certain Settlement Parties, which is subject to Exchange approval [5]. - The Settlement Parties have agreed to dismiss all legal proceedings against Cielo [5]. Group 4: Company Overview - Cielo Waste Solutions Corp. focuses on transforming waste materials into renewable fuels, aiming to address global waste challenges and contribute to the circular economy [4]. - The company is committed to using environmentally friendly technologies and seeks to generate positive returns for shareholders [4].
Alto Ingredients, Inc. Names Gilbert Nathan Chair, Dianne Nury Vice-Chair and Elects Two New Directors
Globenewswire· 2025-06-26 20:05
- Jeremy T. Bezdek is a seasoned expert in energy transition - - Alan R. Tank has played pivotal roles in advancing renewable energy, including decarbonization - PEKIN, Ill., June 26, 2025 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), leading producer and distributor of specialty alcohols, renewable fuels, and essential ingredients, named Gilbert Nathan Chair and Dianne Nury Vice-Chair of the board of directors and announced that Alan R. Tank and Jeremy T. Bezdek were elected as directors at th ...
Icahn Enterprises (IEP) Earnings Call Presentation
2025-06-25 06:40
Icahn Enterprises L.P. Investor Presentation May 2025 Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation contains certain statements that are, or may be deemed to be, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements included herein, other than statements that relate solely to historical fact, are "forward-looking stat ...
Aduro Clean Technologies Announces Pricing of US$8 Million Underwritten Public Offering
Globenewswire· 2025-06-10 12:00
Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company's Hydrochemolytic™ Technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21 century. LON ...
Comstock(LODE) - 2025 FY - Earnings Call Transcript
2025-05-22 17:02
Financial Data and Key Metrics Changes - The company recently closed a strategic direct Series A investment of $20 million for approximately 2% of Biolium Corporation, which is expected to exceed the previously discussed $700 million cap [2][31] - The valuation for the Series A is anticipated to be higher than the initial cap, with expectations of reaching over $1 billion [40][51] Business Line Data and Key Metrics Changes - Comstock Metals is experiencing rapid revenue growth and has achieved significant industry recognition, including becoming the first company in North America to earn stringent recycling certifications [55][56] - The solar panel recycling facility is fully operational with three shifts, handling increased demand and preparing for industry-scale production [95] Market Data and Key Metrics Changes - The renewable fuels market is currently facing challenges, but the company is positioned to capitalize on strategic partnerships and market demand for biolium oils and renewable diesel [36][94] - The company has secured a $3 million incentive grant and a $152 million bond application for its Oklahoma facility, indicating strong local support and investment interest [32] Company Strategy and Development Direction - The separation of Biolium Corporation from Comstock Inc. is seen as a strategic move to allow both entities to focus on their respective markets, with Biolium targeting renewable fuels and Comstock Metals focusing on mining and recycling [49][66] - The company aims to take Biolium public at the optimal time to maximize valuation, emphasizing the importance of achieving certain milestones before an IPO [36][84] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of both businesses, highlighting the importance of strategic partnerships and the need for capital to support ongoing development [64][68] - The company is focused on enabling energy independence and believes it has the technology to significantly impact the renewable fuels market [67][89] Other Important Information - The company holds $65 million in preferred stock in Biolium, convertible into 32.5 million common shares, which positions it favorably for future growth [49][50] - The management team is committed to ensuring that both companies are well understood by investors, with plans for ongoing communication and updates [41][91] Q&A Session Summary Question: When do you believe you will complete the Series A, and how much of Biolium do we own today? - Completion of the Series A could occur between June and September, with expectations that it will not exceed 10% of the company [72] Question: When will you start capital raising for the first Oklahoma refinery? - Capital raising efforts are underway, with significant bond allocations already secured, and project plans are progressing [74] Question: Is Marathon's contribution part of the $20 million Series A, or is it all cash? - The $20 million is cash, while Marathon's contribution was in kind, providing a state-of-the-art pilot facility [77][78] Question: When would you expect an IPO, and why not just spin it out public today? - An IPO is not expected until the company has matured and achieved revenue, as premature public offerings can lead to unfavorable valuations [81][83] Question: Will you be announcing additional offtakes and license agreements for Biolium Corp? - Additional offtake agreements are anticipated, with ongoing partnerships with Marathon and other strategic entities [91][94]
Comstock Announces Appointment of Chief Financial Officer
Globenewswire· 2025-05-15 20:15
Core Viewpoint - Comstock Inc. has appointed Mr. Judd B. Merrill as Chief Financial Officer and President of its wholly-owned mining subsidiary, Comstock Mining LLC, effective May 19, 2025, to enhance its financial and operational capabilities in the mining sector [1][3]. Group 1: Appointment Details - Mr. Judd B. Merrill brings extensive experience in the mining and clean mineral technology industries, having served as CFO of Aqua Metals, Inc. and held key financial positions at Klondex Mines Ltd., Fronteer Gold Inc., and Newmont Mining Corporation [2][3]. - Mr. Merrill previously worked with Comstock for over six years in various roles, including CFO and Corporate Secretary, indicating familiarity with the company's operations [3]. Group 2: Executive Commentary - Mr. Corrado De Gasperis, Executive Chairman and CEO, expressed enthusiasm about Mr. Merrill's return, highlighting his systems-based approach and experience in Nevada-based mining and metal recycling, which aligns with the company's strategic goals [3]. - Mr. Walter "Del" Marting, Chairman of the Audit Committee, noted that Mr. Merrill's expertise will strengthen the company's financial organization, particularly in liquidity management, financial reporting, and regulatory compliance [5]. Group 3: Company Overview - Comstock Inc. focuses on innovating and commercializing technologies for efficient extraction and conversion of under-utilized natural resources into renewable fuels and recovered electrification metals [5].
Aemetis Biogas Signs $27 Million Agreement with Centuri to Build Gas Cleanup Systems for 15 Dairy Digesters
Prism Media Wire· 2025-05-13 11:58
Core Viewpoint - Aemetis, Inc. has signed a $27 million agreement with Centuri Holdings to construct biogas cleanup systems for 15 dairy digesters, which will enhance the production of renewable natural gas (RNG) from dairy waste [2][3]. Group 1: Agreement and Impact - The agreement with Centuri will facilitate the rapid scaling of dairy digesters, enabling Aemetis Biogas to produce RNG for a total of 50 dairies [3]. - Aemetis Biogas plans to have 16 dairies operational this summer as part of the Central Digester Project near Modesto, California, which includes a biogas pipeline and a production facility delivering RNG into the PG&E utility gas pipeline [3]. Group 2: Strategic Relationship - Aemetis is expanding its strategic relationship with Centuri, which includes plans for construction management and pipe assembly for future energy efficiency and carbon sequestration projects [4]. - Centuri's expertise in utility distribution and renewable natural gas projects aligns well with Aemetis' goals, adding significant value to upcoming projects [5]. Group 3: Renewable Energy Projects - Aemetis aims to generate over 1 million MMBtu of RNG from the 50 dairies involved in the project [6]. - Other projects include a Keyes ethanol plant expected to generate $32 million in annual cash flow starting in 2026, and a carbon sequestration project to inject 1.4 million tons of CO2 per year [6]. - Aemetis is also developing a sustainable aviation fuel and renewable diesel plant, which has received necessary permits and approvals [6]. Group 4: Company Overview - Aemetis is focused on the operation, acquisition, development, and commercialization of technologies that replace petroleum products and reduce greenhouse gas emissions [7]. - The company operates a biogas digester network and pipeline system in California, converting dairy waste gas into RNG, and has ethanol production facilities in both California and India [8].
Alto Ingredients, Inc. Reports First Quarter 2025 Results
Globenewswire· 2025-05-07 20:05
Core Viewpoint - Alto Ingredients, Inc. reported improved year-over-year gross margin and Adjusted EBITDA for Q1 2025, driven by operational efficiencies from its recent acquisition of Alto Carbonic and a corporate reorganization aimed at cost savings [2][4]. Financial Performance - Net sales for Q1 2025 were $226.5 million, down from $240.6 million in Q1 2024 [8][14]. - Cost of goods sold decreased to $228.3 million from $243.0 million, resulting in a gross loss of $1.8 million compared to a gross loss of $2.4 million in the previous year [8][14]. - Selling, general and administrative expenses were reduced to $7.2 million from $7.9 million [8][14]. - The net loss attributable to common stockholders was $12.0 million, or $0.16 per share, compared to a net loss of $12.0 million, or $0.17 per share, in the prior year [8][14]. Operational Highlights - The acquisition of Alto Carbonic has led to lower combined costs and improved operational coordination, contributing to an expected annual savings of approximately $8 million starting Q2 2025 [2][3]. - The company shifted production to ISCC renewable fuel for European markets, which is experiencing strong demand, partially offsetting the domestic softening of premiums on high-quality alcohol and essential ingredients [3][4]. Cash and Liquidity - Cash and cash equivalents were reported at $26.8 million as of March 31, 2025, down from $35.5 million at the end of 2024 [5][16]. - The company's borrowing availability stood at $76.7 million, including $11.7 million under the operating line of credit and $65.0 million under its term loan facility [5][16]. Market Metrics - Total renewable fuel gallons sold decreased to 65.3 million in Q1 2025 from 72.7 million in Q1 2024 [19]. - The average sales price per gallon for alcohol increased to $1.93 from $1.86 year-over-year [20]. - Essential ingredients sold totaled 310.8 thousand tons, slightly down from 313.4 thousand tons in the previous year [20].
Alto Ingredients, Inc. to Release First Quarter 2025 Financial Results on May 7, 2025
GlobeNewswire News Room· 2025-05-01 12:30
PEKIN, Ill., May 01, 2025 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO) a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, announced it will release its first quarter 2025 financial results after the close of market on Wednesday, May 7, 2025. Management will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time and will deliver prepared remarks via webcast followed by a question-and-answer session. How to participate: To liste ...
CVR Energy Reports First Quarter 2025 Results
Globenewswire· 2025-04-28 21:07
First quarter net loss attributable to CVR Energy stockholders of $123 million; EBITDA loss of $61 million; adjusted EBITDA of $24 millionFirst quarter loss per diluted share of $1.22 and adjusted loss per diluted share of 58 centsCVR Energy will not pay a cash dividend for the first quarter of 2025CVR Partners announced a cash distribution of $2.26 per common unit SUGAR LAND, Texas, April 28, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced first quarter ...