26.07.2023 18:00:06 - dpa-AFX: GNW-Adhoc: AMG's Lithium Operations Continue to Drive Record Earnings with the Fourth Straight Quarter Exceeding $100 Million of EBITDA

Amsterdam, 26 July 2023 (Regulated Information) --- AMG Critical Materials N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") reported second quarter 2023 revenue of $439 million, a 4% increase versus the second quarter of 2022. Second quarter 2023
EBITDA of $107 million was 32% higher than the second quarter of 2022.
In 000's US dollars Q2 '23 Q2 '22 Change
-------------------------------------------------------------------------------
 Revenue                                     $439,319      $424,094          4%
 EBITDA ((1))                                 107,453        81,126         32%
 Cash from operating activities                59,975        39,505         52%

Net income attributable to
 shareholders                                  42,763        29,631         44%
 EPS - Fully diluted                             1.28          0.91
 Return on Capital Employed                     35.7%         25.5%

(Note:)
((1) EBITDA is defined as EBIT adjusted for depreciation and amortization.)
Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO, said, "This is the fourth straight quarter in which AMG has exceeded $100 million of EBITDA.
The $26 million, or 32%, EBITDA increase over the second quarter of 2022 was driven largely by our Clean Energy Materials segment, specifically AMG Lithium's
Brazilian operation with an EBITDA contribution of $89 million.
AMG's liquidity as of June 30, 2023 was $586 million, with $391 million of unrestricted cash and $195 million of revolving credit availability. The Company
will pay an interim 2023 dividend of EUR0.40 per ordinary share on or around
August 9, 2023, to shareholders of record on August 1, 2023.
AMG Engineering signed $167 million in new orders during the second quarter of 2023, driven by strong orders of remelting and induction furnaces, representing a 2.48x book to bill ratio. AMG's order backlog of $337 million as of June 30, 2023, which is the highest in AMG's history. This is largely driven by the US aerospace market. Our second quarter 2023 US order intake has essentially doubled from our second quarter 2022 US order intake.
We continue to drive our lithium strategy forward and are pleased to announce that we have signed a mandate letter with KfW IPEX-Bank GmbH and with Citi to structure and arrange the financing for the construction of our proposed technical-grade lithium chemical plant in Brazil. The financing structure is expected to cover all the funding requirements and be supported by Euler Hermes (the German Export Credit Agency representing its government) under its Untied Loan Guarantee program for projects which deliver critical raw materials into Germany. This proposed financing is a cornerstone of our lithium strategy to be the premier supplier of battery-grade lithium hydroxide in Europe, and another important step towards an independent and sustainable lithium supply chain for Europe. In addition, this project conforms with AMG Brazil's commitment to upgrade its operations to produce a higher value product, while significantly contributing to reducing CO(2) emissions by lowering total volumes shipped."
Strategic Highlights
Lithium
  * The lithium concentrate production expansion project in AMG Brazil is
    progressing as planned.
  * AMG signed a mandate letter with KfW IPEX-Bank GmbH and Citi to structure
    and arrange the financing for the construction of our proposed technical-
    grade lithium chemical plant in Brazil. The financing structure is expected
    to cover all the funding requirements and be supported by Euler Hermes (the
    German Export Credit Agency representing its government) under its Untied
    Loan Guarantee program for projects which deliver critical raw materials

into Germany. This proposed financing is a cornerstone of our strategy to be
    the premier supplier of battery-grade lithium hydroxide in Europe.
  * AMG Lithium's hydroxide refinery in Bitterfeld, Germany, Europe's first, is
    expected to start commissioning for the first 20,000-ton module expected in
    the fourth quarter of 2023.
  * AMG Lithium signed a non-binding memorandum of understanding ("MOU") in May
    2023 with Fortum Battery Recycling Oy ("Fortum"), a Nordic clean energy
    provider. Fortum's new commercial scale hydrometallurgical plant is able to
    efficiently recover valuable metals from old electric vehicle lithium-ion
    batteries. The lithium product recovered by Fortum will be delivered to AMG
    Lithium for further processing.

Vanadium
  * The new vanadium spent catalyst recycling facility in Zanesville, Ohio, is
    currently running at full capacity and targeting full run rate production
    for the second half of 2023.
  * AMG's innovative lithium vanadium battery ("LIVA") projects for industrial
    power management applications outlined at our Capital Markets Day are under
    various stages of construction.
  * In January 2023, AMG started building a vanadium electrolyte plant at its
    subsidiary, AMG Titanium, in Nuremberg, Germany. The target capacity is
    6,000 m³ vanadium electrolyte, which will serve the electricity storage
    market. Production is expected to start at the end of this year.
  * Shell & AMG Recycling B.V. ("SARBV") project development in the Middle East
    are progressing. The Supercenter project in the Kingdom of Saudi Arabia is
    completing the FEL3 feasibility study later this year.

Financial Highlights
  * Revenue increased by 4% to $439 million in the second quarter of 2023 from
    $424 million in the second quarter of 2022.
  * EBITDA was $107 million in the second quarter of 2023, up 32% versus the
    second quarter 2022 EBITDA of $81 million.
  * Annualized return on capital employed was 35.7% for the first six months of
    2023, compared to 25.5% for the same period in 2022.
  * Cash from operations was $60 million for the second quarter of 2023,
    compared to $40 million in the second quarter of 2022, driven by the high
    profitability of AMG Lithium in Brazil.
  * Net income attributable to shareholders for the second quarter of 2023 was
    $43 million, yielding $1.28 diluted earnings per share compared to $0.91 in
    the same period in 2022.
  * AMG's liquidity as of June 30, 2023 was $586 million, with $391 million of
    unrestricted cash and $195 million of revolving credit availability.

* AMG declares an interim dividend of EUR0.40 per ordinary share, to be paid in the third quarter of 2023.
Key Figures
In 000's US dollars
                                               Q2 '23        Q2 '22      Change
 Revenue                                     $439,319      $424,094          4%

-------------------------------------------------------------------------------
 Gross profit                                 127,534       102,240         25%
 Gross margin                                   29.0%         24.1%

-------------------------------------------------------------------------------
 Operating profit                              78,167        65,246         20%
 Operating margin                               17.8%         15.4%

Net income attributable to
shareholders 42,763 29,631 44%
-------------------------------------------------------------------------------
 EPS - Fully diluted                             1.28          0.91         41%
 EBIT ((1))                                    93,780        69,763         34%
 EBITDA ((2))                                 107,453        81,126         32%
 EBITDA margin                                  24.5%         19.1%
 Cash from operating activities                59,975        39,505         52%

-------------------------------------------------------------------------------
(Notes:)
((1) EBIT is defined as earnings before interest and income taxes. EBIT excludes restructuring, asset impairment, inventory cost adjustments, environmental provisions, exceptional legal expenses and other exceptional items, equity-settled share-based payments, and strategic expenses.)
((2) EBITDA is defined as EBIT adjusted for depreciation and amortization.)
Operational Review
AMG Clean Energy Materials
Q2 '23 Q2 '22 Change
-------------------------------------------------------
  Revenue            $208,487   $159,762           30%
  Gross profit         95,985     60,821           58%
  Operating profit     74,378     49,704           50%
  EBITDA               95,974     58,232           65%

AMG Clean Energy Materials' revenue increased 30% compared to the second quarter
of 2022, to $208 million, driven mainly by increased sales volumes and increased
prices in lithium concentrates.
Gross profit for the quarter increased 58% compared to the same period in the prior year, primarily due to the higher sales volumes across the segment as well
as higher lithium pricing.
SG&A expenses in the second quarter of 2023 were higher than the same period in 2022 at $21 million, mainly driven by the increase in headcount related to the lithium and vanadium expansion projects, as well as higher employee benefit costs.
The second quarter 2023 EBITDA increased 65%, to $96 million, from $58 million in the second quarter of 2022, due to the improved gross profit as noted above.
AMG Vanadium's production was negatively impacted by a defective fan provided by
a supplier at our new Zanesville facility. AMG has commenced an arbitration claim seeking compensatory damages, which include costs incurred and lost profitability.
During the second quarter of 2023, a total of 28,870 dry metric tons ("dmt") of lithium concentrates was sold. The second quarter experienced increased sales volumes due to shipping schedule variances which will negatively impact the third quarter. The average realized sales price was $3,633/dmt CIF China for the
quarter. The average cost per ton for the quarter was $547/dmt CIF China. The cost per ton is higher than the first quarter due to lower volumes and pricing in tantalum concentrate in the quarter. The additional lithium concentrate shipments and slightly higher costs in tantalum concentrate resulted in quarterly EBITDA for AMG Brazil of $89 million.
AMG Critical Minerals
Q2 '23 Q2 '22 Change
--------------------------------------------------------
  Revenue            $57,271   $103,416           (45%)
  Gross profit         7,806     14,028           (44%)
  Operating profit       169      7,086           (98%)
  EBITDA               1,532      9,069           (83%)

AMG Critical Minerals' revenue for the second quarter of 2023 decreased by 45%,
to $57 million, mainly due to lower volumes across the segment largely driven by
the silicon metal plant operating one furnace during the quarter, as discussed in detail below. The segment also suffered from a slowdown in the European industrial economy.
Gross profit of $8 million in the second quarter was 44% lower compared to the second quarter of 2022, largely due to the lower volumes in the current quarter.
SG&A expenses in the second quarter of 2023 increased by 8%, to $8 million, compared to the same period in 2022. This was largely driven by higher professional fees in the current quarter.
The second quarter 2023 EBITDA decreased 83% compared to the same period in 2022, to $2 million, due to the lower gross profit as noted above.
AMG Silicon operated one of four furnaces throughout the second quarter and plans to operate one furnace for the remainder of 2023. The operational parameters of the silicon business will continue to be reviewed on an ongoing basis. Due to the noted interruptions in silicon operations, the financial impact of the business will be excluded from EBITDA during this period of abnormal operations. However, AMG Silicon generated $9 million in cash flow from
operating activities during the quarter driven by the receipt of energy sales made in the fourth quarter of 2022.
AMG Critical Materials Technologies
Q2 '23 Q2 '22 Change
---------------------------------------------------------
  Revenue            $173,561   $160,916              8%
  Gross profit         23,743     27,391           (13%)
  Operating profit      3,620      8,456           (57%)
  EBITDA                9,947     13,825           (28%)

AMG Critical Materials Technologies' second quarter 2023 revenue increased by $13 million, or 8%, compared to the same period in 2022. This improvement was driven by strong revenues in our engineering unit, as well as higher sales volumes of titanium alloys and chrome metal, partially offset by lower chrome metal pricing.
SG&A expenses increased by 8% in the second quarter of 2023 compared to the same
period in 2022, due to additional personnel at AMG Engineering and AMG LIVA corresponding to the record order backlog and business development, respectively.
AMG Critical Materials Technologies' EBITDA was $10 million during the quarter compared to $14 million in the same period of 2022. The decrease was primarily due to lower chrome prices in the second quarter of 2023 partially offset by higher profitability in Engineering and Titanium.
AMG Engineering signed $167 million in new orders during the second quarter of 2023, driven by strong orders of remelting and induction furnaces, representing a 2.48x book to bill ratio. Order backlog was $337 million as of June 30, 2023,
the highest in AMG's history.
Financial Review
Tax
AMG recorded an income tax expense of $27 million in the second quarter of 2023, compared to $23 million in the same period in 2022. This variance was mainly driven by higher profitability in AMG Lithium at its Brazil operation, offset by US tax expense and movements in the Brazilian real. The effects of the
Brazilian real caused a $2 million tax benefit in the second quarter of 2023,
compared to a $4 million tax expense in the same period in 2022. Fluctuations in
the Brazilian real exchange rate impact the valuation of the Company's net deferred tax positions related to our operations in Brazil.
AMG paid taxes of $35 million in the second quarter of 2023, compared to tax payments of $9 million in the second quarter of 2022. The higher cash taxes in the current quarter were a result of tax payments tracking the consistent upward
trend in Brazil results.
Exceptional Items
AMG's second quarter 2023 gross profit includes exceptional items, which are not
included in the calculation of EBITDA.
A summary of exceptional items included in gross profit in the second quarters of 2023 and 2022 are below:
Exceptional items included in gross profit
Q2 '23 Q2 '22 Change
-------------------------------------------------------------------------------
 Gross profit                                $127,534    $102,240           25%
 Inventory cost adjustment                      3,678           -           N/A
 Restructuring expense                            626          41         1427%
 Silicon's partial closure                    (1,011)           -           N/A
 Strategic project (reversal) expense            (55)         833           N/A

-------------------------------------------------------------------------------
Gross profit excluding exceptional
items 130,772 103,114 27%
AMG Vanadium had a $3.7 million non-cash expense during the second quarter of 2023. This is a result of inventory cost adjustments associated with declining prices and inventory specification issues due to the acquisition and testing of global refinery waste which has been adjusted in EBITDA.
SG&A
AMG's second quarter 2023 SG&A expenses were $49 million compared to $37 million
in the second quarter of 2022, with the increase largely attributable to higher personnel costs driven by increased hiring in our Lithium, Engineering, and LIVA
businesses. It was also driven by a one-time pension expense of $6.7 million due
to the restructuring of executive employee benefit plans.
Liquidity
June 30, 2023 December 31, 2022 Change
-------------------------------------------------------------------------------
 Senior secured debt                   $338,505          $348,622          (3%)
 Cash & cash equivalents                391,251           346,043           13%

-------------------------------------------------------------------------------
Senior secured net (cash) debt (52,746) 2,579 N/A
-------------------------------------------------------------------------------
Other debt 14,987 14,959 -%
-------------------------------------------------------------------------------
Net (cash) debt excluding
municipal bond (37,759) 17,538 N/A
-------------------------------------------------------------------------------
 Municipal bond debt                    319,124           319,244            -%
 Restricted cash                          1,440             6,920         (79%)

-------------------------------------------------------------------------------
Net debt 279,925 329,862 (15%)
AMG ended the second quarter in a $280 million net debt position. This decrease versus year-end 2022 was mainly due to higher cash balances from strong operating cash flow.
AMG continued to maintain a strong balance sheet and adequate sources of liquidity during the second quarter. As of June 30, 2023, the Company had $391 million in unrestricted cash and cash equivalents and $195 million available on its revolving credit facility. As such, AMG had $586 million of total liquidity as of June 30, 2023.
Net Finance Costs
AMG's second quarter 2023 net finance cost was $7 million compared to $12 million in the second quarter of 2022. This variance was mainly driven by higher
interest income earned, due to the overall increase in global interest rates, and an increase in cash and cash equivalents balances as well as foreign exchange losses in the prior period. Additionally, in today's rising rate environment, AMG continues to benefit from its low-cost fixed-rate debt facilities. AMG has an average interest rate charge across its two main debt instruments of 5%.
Outlook
Given the global economic uncertainty and the slowdown in China, current spot prices across AMG's critical materials portfolio are significantly below the prices we experienced when we announced our initial guidance for 2023 in November 2022. The price of lithium carbonate in November 2022, the date of our $400 million EBITDA guidance, has now almost halved and our other relevant portfolio prices are down an average of 25%.
Therefore, we have changed our full year EBITDA guidance for 2023 from "exceeding $400 million in EBITDA" to "a range between $350 million to $380 million in EBITDA." An EBITDA in this range represents the highest EBITDA in the
history of AMG.
As previously disclosed, third quarter profitability will be negatively impacted
by lower volumes associated with the spodumene expansion project. Volumes will recover in the fourth quarter as the project begins to ramp up.
Regarding our long-term guidance, we are extremely pleased with the advancement of our strategic projects. We are moving forward with our lithium concentrate expansion in Brazil. We've signed a mandate letter to fund the chemical upgrader
in Brazil, and our lithium hydroxide refinery in Bitterfeld, Germany, is under construction, with commissioning for the first 20,000-ton module expected in the
fourth quarter of 2023.
These transformational projects in lithium, our newly complete ferrovanadium spent catalyst recycling facility in Ohio, and the continued ramp-up in our AMG Critical Materials Technologies segment will drive increased volumes across our Clean Energy Materials segment and confirm our confidence in our long-term guidance. Our long-term guidance therefore remains unchanged at an EBITDA level of $650 million, or more, in 5 years, or earlier.
Profit for the period to adjusted EBITDA reconciliation
Q2 '23 Q2 '22
--------------------------------------------------------------------------
  Profit for the period                               $43,573     $29,879
  Income tax expense                                   26,552      23,156
  Net finance cost                                      7,282      12,211
  Equity-settled share-based payment transactions       1,495       1,372
  Restructuring expense                                   626          41
  Pension adjustment                                    6,700           -
  Silicon's partial closure                             (362)           -
  Inventory cost adjustment                             3,678           -
  Strategic project expense ((1))                       3,476       3,107
  Share of loss of associates                             760           -
  Others                                                    -         (3)

--------------------------------------------------------------------------
  EBIT                                                 93,780      69,763
  Depreciation and amortization                        13,673      11,363

--------------------------------------------------------------------------
EBITDA 107,453 81,126
(Notes:)
((1) The Company is in the initial development and ramp-up phases for several strategic expansion projects, including AMG Vanadium's expansion project, the joint venture with Shell, Hybrid Lithium Vanadium Redox Flow Battery System, and
the lithium expansion in Germany, which incurred project expenses during the quarter but are not yet operational. AMG is adjusting EBITDA for these exceptional charges.)
AMG Critical Materials N.V.
Condensed Interim Consolidated Income
Statement
For the quarter ended June 30
 In thousands of US dollars                              2023              2022
                                                    Unaudited         Unaudited
                                           ------------------------------------

Continuing operations
 Revenue                                              439,319           424,094
 Cost of sales                                      (311,785)         (321,854)
 Gross profit                                         127,534           102,240

Selling, general and administrative
 expenses                                            (49,420)          (37,034)
 Other income, net                                         53                40
 Net other operating income                                53                40
 Operating profit                                      78,167            65,246
 Finance income                                         5,550             2,081
 Finance cost                                        (12,832)          (14,292)
 Net finance cost                                     (7,282)          (12,211)

Share of loss of associates and joint
 ventures                                               (760)                 -
 Profit before income tax                              70,125            53,035
 Income tax expense                                  (26,552)          (23,156)
 Profit for the period                                 43,573            29,879

Profit attributable to:
 Shareholders of the Company                           42,763            29,631
 Non-controlling interests                                810               248
 Profit for the period                                 43,573            29,879

Earnings per share
 Basic earnings per share                                1.33              0.93
 Diluted earnings per share                              1.28              0.91

AMG Critical Materials N.V.
Condensed Interim Consolidated Income
Statement
For the six months ended June 30
 In thousands of US dollars                              2023              2022
                                                    Unaudited         Unaudited
                                           ------------------------------------

Continuing operations
 Revenue                                              889,909           827,957
 Cost of sales                                      (622,533)         (650,523)
 Gross profit                                         267,376           177,434

Selling, general and administrative
 expenses                                            (89,780)          (74,496)
 Other income, net                                        594               122
 Net other operating income                               594               122
 Operating profit                                     178,190           103,060
 Finance income                                        11,026             2,380
 Finance cost                                        (24,925)          (23,510)
 Net finance cost                                    (13,899)          (21,130)

Share of loss of associates and joint
 ventures                                             (1,792)             (500)
 Profit before income tax                             162,499            81,430
 Income tax expense                                  (62,479)          (21,667)
 Profit for the period                                100,020            59,763

Profit attributable to:
 Shareholders of the Company                           98,984            58,746
 Non-controlling interests                              1,036             1,017
 Profit for the period                                100,020            59,763

Earnings per share
 Basic earnings per share                                3.08              1.84
 Diluted earnings per share                              3.01              1.81

AMG Critical Materials N.V.
Condensed Interim Consolidated Statement of Financial
Position
In thousands of US dollars June 30, 2023 Unaudited December 31, 2022
Assets
 Property, plant and equipment                        851,805           797,611
 Goodwill and other intangible assets                  41,235            41,404
 Derivative financial instruments                      31,839            33,042
 Equity-accounted investees                            16,147                 -
 Other investments                                     31,339            29,324
 Deferred tax assets                                   37,924            37,181
 Restricted cash                                          381             5,875
 Other assets                                          10,445             8,612
 Total non-current assets                           1,021,115           953,049
 Inventories                                          252,435           277,311
 Derivative financial instruments                       2,412             3,516
 Trade and other receivables                          179,727           162,548
 Other assets                                         117,828           121,834
 Current tax assets                                     6,627             7,289
 Restricted cash                                        1,059             1,045
 Cash and cash equivalents                            391,251           346,043
 Total current assets                                 951,339           919,586
 Total assets                                       1,972,454         1,872,635

AMG Critical Materials N.V.
Condensed Interim Consolidated Statement of Financial
Position
(continued)
In thousands of US dollars June 30, 2023 Unaudited December 31, 2022
Equity
 Issued capital                                           853               853
 Share premium                                        553,715           553,715
 Treasury shares                                     (10,730)          (14,685)
 Other reserves                                      (39,334)          (44,869)
 Retained earnings (deficit)                           90,543           (4,461)

Equity attributable to shareholders
 of the Company                                       595,047           490,553
 Non-controlling interests                             35,185            27,296
 Total equity                                         630,232           517,849

Liabilities
 Loans and borrowings                                 658,722           661,270
 Lease liabilities                                     43,912            44,224
 Employee benefits                                    127,827           117,160
 Provisions                                            12,969            12,361
 Deferred revenue                                      20,000            20,000
 Other liabilities                                      3,931            15,009
 Derivative financial instruments                         191               284
 Deferred tax liabilities                              18,515            27,269
 Total non-current liabilities                        886,067           897,577
 Loans and borrowings                                   5,778            15,164
 Lease liabilities                                      4,892             4,710
 Short-term bank debt                                   8,116             6,391
 Deferred revenue                                      14,533            28,277
 Other liabilities                                     71,088            69,917
 Trade and other payables                             245,889           240,101
 Derivative financial instruments                       2,711             7,746
 Advance payments from customers                       51,947            51,054
 Current tax liability                                 38,778            23,548
 Provisions                                            12,423            10,301
 Total current liabilities456,155           457,209
 Total liabilities                                  1,342,222         1,354,786
 Total equity and liabilities                       1,972,454         1,872,635

AMG Critical Materials N.V.
Condensed Interim Consolidated Statement of
Cash Flows
For the six months ended June 30
 In thousands of US dollars                               2023             2022
                                                     Unaudited        Unaudited
                                             ----------------------------------

Cash from operating activities
Profit for the period 100,020 59,763
Adjustments to reconcile net profit to net
cash flows:
Non-cash:
 Income tax expense                                     62,479           21,667
 Depreciation and amortization                          26,640           21,890
 Asset impairment reversal                               (767)                -
 Net finance cost                                       13,899           21,130

Share of loss of associates and joint
ventures 1,792 500
Loss on sale or disposal of property, plant
and equipment 35 33
Equity-settled share-based payment
transactions 2,964 2,752
Movement in provisions, pensions, and
government grants 8,104 (2,917)
Working capital and deferred revenue
 adjustments(1)                                          3,901         (63,774)
 Cash generated from operating activities              219,067           61,044
 Finance costs paid, net                               (9,716)         (12,153)
 Income tax paid                                      (55,981)         (13,040)
 Net cash from operating activities                    153,370           35,851

Cash used in investing activities
Proceeds from sale of property, plant and
equipment 26 93
Acquisition of property, plant and equipment
 and intangibles                                      (69,291)         (82,608)
 Investments in associates and joint ventures         (17,939)            (500)
 Use of restricted cash                                  5,480           51,252
 Interest received on restricted cash                       30               76
 Capitalized borrowing cost paid                       (8,366)          (8,321)
 Other                                                     (1)                8
 Net cash used in investing activities                (90,061)         (40,000)

AMG Critical Materials N.V.
Condensed Interim Consolidated Statement of
Cash Flows
(continued)
For the six months ended June 30
 In thousands of US dollars                               2023             2022
                                                     Unaudited        Unaudited
                                             ----------------------------------

Cash used in financing activities
 Proceeds from issuance of debt                          2,041              152
 Repayment of borrowings                              (12,755)          (8,437)
 Net repurchase of common shares                       (6,960)          (1,523)
 Dividends paid                                       (14,087)         (10,098)
 Payment of lease liabilities                          (2,659)          (2,588)
 Advanced contributions                                 14,000                -
 Net cash used in financing activities                (20,420)         (22,494)

Net increase (decrease) in cash and cash
 equivalents                                            42,889         (26,643)
 Cash and cash equivalents at January 1                346,043          337,877

Effect of exchange rate fluctuations on cash
 held                                                    2,319         (10,476)
 Cash and cash equivalents at June 30                  391,251          300,758

This press release contains inside information within the meaning of Article
7(1) of the EU Market Abuse Regulation.
This press release contains regulated information as defined in the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht).
About AMG
AMG's mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG's products include highly engineered systems to reduce CO(2) in aerospace engines, as well as critical materials addressing CO(2) reduction in a variety of other end use markets.
AMG Clean Energy Materials segment combines AMG's recycling and mining operations, producing materials for infrastructure and energy storage solutions while reducing the CO(2) footprint of both suppliers and customers. AMG Clean Energy Materials segment spans the vanadium, lithium, and tantalum value chains.
AMG Critical Materials Technologies segment combines AMG's leading vacuum furnace technology line with high-purity materials serving global leaders in the
aerospace sector. AMG Critical Minerals segment consists of AMG's mineral processing operations in antimony, graphite, and silicon metal.
With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer service offices in Japan (www.amg-nv.com).
For further information, please contact:
AMG Critical Materials N.V. +1 610 975 4979
Michele Fischer
mfischer@amg-nv.com (mailto:mfischer@amg-nv.com)
Disclaimer
Certain statements in this press release are not historical facts and are "forward looking." Forward looking statements include statements concerning AMG's plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG's competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG's business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," and similar expressions, and the negatives thereof, are intended to identify forward
looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. These forward-looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in AMG's expectations with regard thereto or any change in events, conditions, or circumstances on which any forward-looking statement is based.
Â
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
AMG CRITICAL MATER. EO-02 A0MWED Frankfurt 20,500 30.05.24 19:50:00 -0,040 -0,19% 0,000 0,000 20,260 20,540

© 2000-2024 DZ BANK AG. Bitte beachten Sie die Nutzungsbedingungen | Impressum
2024 Infront Financial Technology GmbH