AirJoule Technologies Announces Fourth Quarter and Full Year 2024 Results and Groundbreaking Performance of AirJoule® System
- RONAN, Mont., March 25, 2025 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ: AIRJ) (“AirJoule Technologies” or the “Company”), the developer of the transformational AirJoule® system for separating pure water from air, today announced its fourth quarter and full year results. The Company also announced that the AirJoule® system can use low-grade waste heat from industrial processes to improve energy efficiency and produce pure distilled water for less than 160 watt-hours of energy consumption per liter (“Wh/L”). This marks a step change in water harvesting efficiency, allowing humanity to cost-effectively access water stored in the most reliable freshwater aquifer – the Earth's atmosphere.
- 03/25/2025
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Montana Aerospace: Strategically Positioned To Weather Aerospace Tariffs
- Montana Aerospace is a strong buy due to its global footprint, vertical integration, and local-for-local strategy, reducing trade turmoil risks. The company reported €1.494 billion in 2024 sales and €165 million in EBITDA, slightly beating guidance despite supply chain challenges. For 2025, Montana Aerospace expects over €1.6 billion in sales and €200 million in EBITDA, indicating strong growth potential.
- 03/17/2025
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Klondike Gold Receives $500,000 for Lease of Montana Creek Placer Property
- VANCOUVER, BC / ACCESS Newswire / March 11, 2025 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) ("Klondike Gold" or the "Company") announces that effective March 9, 2025, it has entered into a mining lease and option to purchase agreement (the "Agreement") with Armstrong Mining Corp. ("Armstrong"), granting to Armstrong a 6 year lease with option to purchase 100% of Klondike's Montana Creek (surface gravel alluvial gold) placer property (the "Montana Creek Placer Property" or the "Property") comprised of 239 placer claims covering 13.4 square kilometers located near Dawson City, Yukon. The Montana Creek Placer Property is a non-core asset and peripheral to the Company's district spanning 729 square kilometer bedrock gold advanced exploration property (see Figure 1).
- 03/11/2025
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Long-Term Care Costs Increase in Montana, Exceeding National Costs
- RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #CareScout--The cost of long-term care services in Montana increased year-over-year, exceeding national costs.
- 03/04/2025
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Calumet Reports Fourth Quarter and Fiscal Year 2024 Results
- Fourth quarter 2024 net loss of $40.7 million, or basic loss per common share of $0.47 per share Fourth quarter 2024 Adjusted EBITDA of $56.6 million Announces sale of Royal Purple® industrial business for $110 million Montana Renewables received initial funds from U.S. Department of Energy ("DOE") loan in February 2025 Specialties business posts record sales volume and cost improvement in 2024 INDIANAPOLIS , Feb. 28, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) today reported results of Calumet, Inc. (the "Company," "Calumet," "we," "our" or "us") for the fourth quarter ended December 31, 2024, as follows: Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 (Dollars in millions, except per share/unit data) Net income (loss) $ (40.7) $ (48.0) $ (222.0) $ 48.1 Basic earnings (loss) per common share/unit $ (0.47) $ (0.59) $ (2.67) $ 0.59 Adjusted EBITDA $ 56.6 $ 39.7 $ 194.8 $ 260.5 Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, 2024 2023 2024 2023 2024 2023 (Dollars in millions, except per barrel data) Gross profit (loss) $ 62.3 $ 88.1 $ 25.2 $ 16.1 $ (3.9) $ (82.1) Adjusted gross profit (loss) $ 50.6 $ 69.6 $ 25.7 $ 16.5 $ 19.1 $ (19.3) Adjusted EBITDA $ 43.4 $ 75.6 $ 16.3 $ 6.1 $ 10.9 $ (25.8) Gross profit (loss) per barrel $ 11.00 $ 16.11 $ 170.27 $ 135.29 $ (1.87) $ (45.76) Adjusted gross profit (loss) per barrel $ 8.93 $ 12.73 $ 173.65 $ 138.66 $ 9.15 $ (10.76) Specialty Products and Solutions Performance Brands Montana/Renewables Year Ended December 31, Year Ended December 31, Year Ended December 31, 2024 2023 2024 2023 2024 2023 (Dollars in millions, except per barrel data) Gross profit (loss) $ 189.0 $ 402.2 $ 95.3 $ 82.1 $ (53.5) $ (32.6) Adjusted gross profit $ 214.5 $ 291.0 $ 98.6 $ 78.5 $ 51.9 $ 59.8 Adjusted EBITDA $ 193.6 $ 251.2 $ 57.4 $ 47.9 $ 16.7 $ 30.2 Gross profit (loss) per barrel $ 8.26 $ 18.73 $ 152.24 $ 160.35 $ (6.14) $ (4.56) Adjusted gross profit per barrel $ 9.38 $ 13.56 $ 157.51 $ 153.32 $ 5.95 $ 8.36 "The past twelve months of strategic activity at Calumet has fundamentally reset the company's foundation," said Todd Borgmann, CEO. "Successfully completing the conversion to a C-Corporation, receiving the first DOE funding under the new administration, derisking Montana Renewables operations, and continuing to widen the competitive moat around our Specialties business positions the company to succeed against our top priority of deleveraging the balance sheet and growing cash flows.
- 02/28/2025
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Montana Renewables Receives First Drawdown from $1.44 Billion DOE Loan Facility
- Initial loan proceeds of $782 million funded today Balance of proceeds to be funded during planned expansion from 2025 through 2028 DOE loan guarantee facilitates expansion of Sustainable Aviation Fuel capacity to 300 million gallons per year INDIANAPOLIS , Feb. 18, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet," "we," "our" or "us") announced today that Montana Renewables, LLC, an unrestricted subsidiary of Calumet ("Montana Renewables" or "MRL"), has received its first drawdown of approximately $782 million from its $1.44 billion guaranteed loan facility with the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO"). The loan funds the construction and expansion of the renewable fuels facility owned by Montana Renewables.
- 02/18/2025
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American Tungsten Corp. Announces Potential Partnership for Processing & Milling in Philipsburg, Montana
- Vancouver, BC, Feb. 18, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) (“American Tungsten” or the “Company”) is pleased to announce that it has entered into a non-binding letter of availability (the “LOA”) with Contact Mining Company (“Contact Mining”) to potentially process and mill the Company's tungsten mineralized material at the Contact Mill in Philipsburg, Montana. The Contact Mill has a 1,000 ton per day milling capacity and a Knelson Gravity Concentrator for minerals that respond to gravity separation, such as scheelite and hubnerite tungsten bearing phases characteristic of IMA Mine mineralization.
- 02/18/2025
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Montana Renewables Announces Timing Update for DOE Loan Facility
- INDIANAPOLIS , Jan. 28, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet," the "Company," "we," "our" or "us") has been informed by the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") that the first tranche of approximately $782 million under the guaranteed loan facility that was previously approved for funding today, January 28, will undergo a tactical delay to confirm alignment with White House priorities. The loan facility, which closed on January 10, will fund the construction and expansion of the renewable fuels facility in Great Falls, Montana, owned by Montana Renewables, LLC ("Montana Renewables" or "MRL"), an unrestricted subsidiary of Calumet.
- 01/28/2025
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Montana Renewables Announces Closing of $1.44 Billion DOE Loan Facility for Renewable Fuels and Biomass Energy Facility
- Initial loan proceeds of $782 million expected to be funded this month and balance of proceeds funded through planned construction period DOE loan guarantee facilitates expansion of Sustainable Aviation Fuel capacity to 300 million gallons per year INDIANAPOLIS , Jan. 10, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet," "we," "our" or "us") announced today the closing of a $1.44 billion guaranteed loan facility with the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO"). The loan will fund the construction and expansion of the renewable fuels facility owned by Montana Renewables, LLC ("Montana Renewables" or "MRL"), an unrestricted subsidiary of Calumet.
- 01/10/2025
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Bridger Aerospace Congratulates Our Founder Timothy Sheehy for Being Sworn in as United States Senator for the State of Montana
- BELGRADE, Mont., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation's largest aerial firefighting companies, today congratulates Timothy P. Sheehy, the Company's founder and former chief executive officer of the Company, for being sworn into the United States Senate as the U.S. Senator for the State of Montana.
- 01/08/2025
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Brixton Metals Provides Results from Ivanhoe Electric's 2024 Drilling at the Hog Heaven Project, Montana, USA
- Ivanhoe Electric Identifies a new Porphyry Copper-Gold-Molybdenum System in the Battle Butte Area Associated with a Typhoon™-identified Anomaly Ivanhoe Electric Identifies a new Porphyry Copper-Gold-Molybdenum System in the Battle Butte Area Associated with a Typhoon™-identified Anomaly
- 01/07/2025
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Laredo Oil Initiates Exploratory Drilling Project in Montana West Fork Field
- AUSTIN, Texas , Jan. 7, 2025 /PRNewswire/ -- Laredo Oil, Inc. ("Laredo Oil") (OTC Pink Sheets: LRDC), an oil exploration and production company with over 30,000 net acres of mineral rights in the West Fork field located north of the Fort Peck reservation in Montana, today announced that it has initiated preparations to drill the first of three planned exploratory wells in the field. Mark See, Chairman and CEO of Laredo Oil, commented "As previously reported, we are raising up to $7.5 million to drill three exploratory oil wells located in the West Fork prospect field.
- 01/07/2025
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Sandfire Resources America Inc. Announces Win at the Montana Supreme Court Regarding Water Rights Ruling
- WHITE SULPHUR SPRINGS, Mont., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. (“Sandfire America” or the “Company”) announces a positive ruling for the Company by the Montana Supreme Court upholding a 2023 District Court decision regarding the water rights related to Tintina Montana Inc.'s Mine Operating Permit, of the Black Butte Copper Project.
- 01/02/2025
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Synovus announces election of Greg Montana to its board of directors
- COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus has appointed Greg Montana to its board of directors.
- 12/18/2024
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Aurora Opens Advanced Lidar Research and Testing Facility in Bozeman, Montana
- BOZEMAN, Montana--(BUSINESS WIRE)---- $AUR #aurora--Aurora Innovation, Inc. (NASDAQ: AUR), a leader in autonomous trucking technology, today announced the opening of its new 78,000 square-foot office and testing facility in Bozeman, Montana. Located on Montana State University's Innovation Campus, the space builds upon the university's 30-year history of producing industry-leading photonics engineers and innovations. Inaugurated today with a ribbon-cutting ceremony attended by state elected officials, regulator.
- 12/12/2024
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Montana Renewables Receives Approval of Excise Tax Registration
- GREAT FALLS, Mont., Dec. 12, 2024 /PRNewswire/ -- Montana Renewables, LLC announced today that it has received approval of its Excise Tax Registration from the Internal Revenue Service.
- 12/12/2024
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Sandfire Resources America Announces Variation to Bridge Loan Agreement
- WHITE SULPHUR SPRINGS, Mont., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. ("Sandfire America" or the "Company") announces that it has entered into a fourth variation agreement (the "Fourth Variation") to its bridge loan agreement, as amended (the “Bridge Loan”) with Sandfire BC Holdings (Australia) Pty Ltd. ("Sandfire BC"), the Company's largest shareholder, and Tintina Montana Inc., a wholly-owned subsidiary of the Company ("Tintina Montana").
- 11/21/2024
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AirJoule Technologies Announces Third Quarter 2024 Results
- RONAN, Mont., Nov. 13, 2024 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ: AIRJ) (“AirJoule Technologies” or the “Company”), the developer of the transformational AirJoule® technology for atmospheric water harvesting, today announced its third quarter results.
- 11/13/2024
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Montana Technologies Announces Name Change to AirJoule Technologies
- RONAN, Mont., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Montana Technologies Corporation (NASDAQ: AIRJ), the developer of the transformational AirJoule® technology for atmospheric water harvesting, today announced that it has changed its corporate name to AirJoule Technologies Corporation (“AirJoule Technologies” or the “Company”), effective immediately. The Company's common stock and warrants will continue to trade on the Nasdaq Capital Market under the ticker symbols “AIRJ” and “AIRJW”, respectively; no action is required by existing stockholders.
- 11/13/2024
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Montana Technologies Schedules Third Quarter 2024 Earnings Release and Conference Call
- RONAN, Mont., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies” or the “Company”), the developer of the transformational AirJoule® technology for atmospheric water harvesting, today announced that it will report its third quarter 2024 financial results after market close on Wednesday, November 13, 2024, and will host a conference call and Q&A session to discuss the results at 5:00pm ET the same day.
- 11/12/2024
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Calumet Reports Third Quarter 2024 Results
- Third quarter 2024 net loss of $100.6 million, or basic loss per common share of $1.18 per share Third quarter 2024 Adjusted EBITDA of $49.8 million Montana Renewables ("MRL") set another new SAF production volume record Specialties business posted highest production levels in over five years Montana Renewables announced conditional commitment of $1.44 billion Department of Energy ("DOE") loan Successfully completed conversion from a Master Limited Partnership ("MLP") to a C-Corp INDIANAPOLIS , Nov. 8, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) today reported results of Calumet, Inc. (the "Company," "Calumet," "we," "our" or "us") for the third quarter ended September 30, 2024, as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (Dollars in millions, except per share data) Net income (loss) $ (100.6) $ 99.8 $ (181.3) $ 96.1 Basic earnings (loss) per common share $ (1.18) $ 1.24 $ (2.21) $ 1.20 Adjusted EBITDA $ 49.8 $ 75.4 $ 138.2 $ 220.8 Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended September 30, Three Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 2024 2023 (Dollars in millions, except per barrel data) Gross profit (loss) $ 2.3 $ 158.9 $ 22.7 $ 21.0 $ (20.1) $ 81.6 Adjusted gross profit $ 46.5 $ 56.7 $ 24.3 $ 18.6 $ 20.0 $ 48.2 Adjusted EBITDA $ 42.6 $ 38.6 $ 13.6 $ 13.2 $ 12.7 $ 38.2 Gross profit (loss) per barrel $ 0.39 $ 28.77 $ 145.51 $ 160.31 $ (8.48) $ 41.61 Adjusted gross profit per barrel $ 7.80 $ 10.26 $ 155.77 $ 141.98 $ 8.44 $ 24.58 Specialty Products and Solutions Performance Brands Montana/Renewables Nine Months Ended September 30, Nine Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 2024 2023 (Dollars in millions, except per barrel data) Gross profit (loss) $ 126.7 $ 314.1 $ 70.1 $ 66.0 $ (49.6) $ 49.5 Adjusted gross profit $ 163.9 $ 221.4 $ 72.9 $ 62.0 $ 32.8 $ 79.1 Adjusted EBITDA $ 150.2 $ 175.6 $ 41.1 $ 41.8 $ 5.8 $ 56.0 Gross profit (loss) per barrel $ 7.37 $ 19.63 $ 146.65 $ 167.09 $ (7.48) $ 9.25 Adjusted gross profit per barrel $ 9.53 $ 13.84 $ 152.51 $ 156.96 $ 4.95 $ 14.78 "Calumet continues to execute on our strategic catalysts as planned," said Todd Borgmann, CEO. "We started the quarter with the conversion of Calumet's structure from a MLP to a C-Corp, and in October we announced the conditional commitment of a $1.44 billion DOE loan guarantee.
- 11/08/2024
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Montana Renewables Delivers First Shipment of Sustainable Aviation Fuel for Detroit Metropolitan Airport
- GREAT FALLS, Mont. , Oct. 24, 2024 /PRNewswire/ -- For the first time, the Detroit Metropolitan Airport (DTW) will have the opportunity to use Sustainable Aviation Fuel (SAF), thanks to Montana Renewables, LLC (MRL), the largest SAF producer in North America (2024).
- 10/24/2024
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Montana Renewables Receives $1.44 Billion Conditional Commitment from DOE for Renewable Fuels and Biomass Energy Facility
- Montana Renewables to expand Sustainable Aviation Fuel capacity by 300 million gallons per year INDIANAPOLIS , Oct. 16, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet," "we," "our" or "us") announced today that the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") has awarded a conditional commitment for a loan guarantee of up to $1.44 billion to fund the construction and expansion of a renewable fuels facility owned by Montana Renewables, LLC ("Montana Renewables" or "MRL"). Montana Renewables is an unrestricted subsidiary of Calumet.
- 10/16/2024
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Montana Technologies Signs Abu Dhabi Sustainable Finance Declaration and Attends WETEX in Dubai
- Company joins over 135 members that have pledged to foster and integrate sustainable, green investments throughout the United Arab Emirates Company joins over 135 members that have pledged to foster and integrate sustainable, green investments throughout the United Arab Emirates
- 10/10/2024
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Montana Technologies Establishes International Office in the United Arab Emirates
- Company to showcase transformational AirJoule® technology at the Water, Energy, Technology, and Environment Exhibition (WETEX) in Dubai Company to showcase transformational AirJoule® technology at the Water, Energy, Technology, and Environment Exhibition (WETEX) in Dubai
- 09/25/2024
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Montana Technologies Announces Memorandum of Understanding with Clairity Technology to Deploy AirJoule® in Support of Direct Air Capture Carbon Dioxide Removal Projects
- RONAN, Mont., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies” or the “Company”), the developer of the transformational AirJoule® technology for atmospheric water generation, is pleased to announce the signing of a Memorandum of Understanding (“MOU”) with Clairity Technology (“Clairity”) to deploy AirJoule® units in support of Clairity's direct air capture (“DAC”) carbon dioxide removal operations.
- 09/04/2024
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AIRJ Stock Earnings: Montana Technologies Reported Results for Q2 2024
- Montana Technologies (NASDAQ: AIRJ ) just reported results for the second quarter of 2024. Montana Technologies reported earnings per share of 24 cents.
- 08/23/2024
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Montana Technologies Announces Second Quarter 2024 Results
- RONAN, Mont., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies” or the “Company”), the developer of the transformational AirJoule® technology for water generation, today announced its second quarter results.
- 08/23/2024
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Montana Technologies Announces Memorandum of Understanding with TenX Investment to Deploy AirJoule® for Water Security and Sustainability in the United Arab Emirates
- RONAN, Mont., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies” or the “Company”), the developer of the transformational AirJoule® technology for atmospheric water generation, is pleased to announce the signing of a Memorandum of Understanding (“MOU”) with TenX Investment in Energy Enterprises & Management Co. LLC (“TenX”) to address water security and energy efficiency opportunities in the United Arab Emirates (“UAE”).
- 08/15/2024
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Montana Technologies announces agreement with Climate Impact Corporation to collaborate on atmospheric water generation for renewable hydrogen production
- The integration of the AirJoule® atmospheric water harvesting technology into renewable hydrogen modules will allow hydrogen to be produced economically anywhere that has high sun exposure – including the world's deserts The integration of the AirJoule® atmospheric water harvesting technology into renewable hydrogen modules will allow hydrogen to be produced economically anywhere that has high sun exposure – including the world's deserts
- 08/08/2024
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Montana Technologies Announces Private Placement Financing
- RONAN, Mont.--(BUSINESS WIRE)--Montana Technologies Corporation (NASDAQ: AIRJ), (“Montana Technologies” or the “Company”), the developer of AirJoule®, a transformational atmospheric thermal energy and water harvesting technology, today announced that it has entered into subscription agreements for a private placement financing (the “PIPE”) with existing and new investors to sell an aggregate of approximately 1.2 million shares of common stock, which is expected to result in gross proceeds of ap.
- 06/11/2024
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Montana Technologies Announces First Quarter 2024 Results
- RONAN, Mont. , May 20, 2024 /PRNewswire/ -- Montana Technologies Corporation (NASDAQ: AIRJ) ("Montana Technologies"), the developer of AirJoule®, a transformational atmospheric thermal energy and water harvesting technology, today announced its first quarter results.
- 05/20/2024
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Montana Technologies Corp. Expands Management Team with Key Appointments
- Diverse Team of Financial and Legal Executives Brings Expertise Across Energy Industry RONAN, Mont. , May 7, 2024 /PRNewswire/ -- Montana Technologies Corp. (NASDAQ: AIRJ) ("Montana"), the developer of AirJoule®, a transformational atmospheric thermal energy and water harvesting technology, announced today that it has appointed the following financial and legal executives to its management team: Stephen Pang, Chief Financial Officer; Chad MacDonald, Chief Legal Officer; and Tom Divine, Vice President, Investor Relations and Finance In conjunction with these new appointments, Jeff Gutke, who since 2021 served as the Chief Financial Officer of Montana's predecessor company, Montana Technologies LLC, is transitioning into the new role of Chief Administrative Officer at Montana.
- 05/07/2024
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Montana Technologies Corp. Announces Addition to Board of Directors and Names Chairman
- Diverse Group of Individuals With Deep Scientific, Economic, and Geopolitical Expertise Will Provide Further Support for the Growth and Development of AirJoule® Technology RONAN, Mont. , May 1, 2024 /PRNewswire/ -- Montana Technologies Corp. (NASDAQ: AIRJ) ("Montana") today announced that it has appointed Mr.
- 05/01/2024
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