Atlas Critical Minerals Corporation explores and develops critical minerals projects in Brazil for energy, technology, aerospace and defense applications. News about ATCX centers on its portfolio of rare earths, nuclear-grade graphite, uranium, titanium and iron ore assets, including updates on graphite mineral rights, rare earth metallurgical testing at the Alto do Paranaíba Project, and operations at the Rio Piracicaba Iron Ore Project.
Company updates also cover Nasdaq listing and public-offering milestones, technical leadership appointments, analyst coverage, shareholder voting matters, capital-structure disclosure and risk factors tied to exploration and development activities.
Atlas Technical Consultants (Nasdaq: ATCX) has been selected by the Georgia Department of Transportation to provide Right-of-Way Acquisition services for two critical infrastructure projects: the I-285 at I-20 East Side Interchange Reconstruction and the I-285 Express Lanes. These projects will enhance traffic flow, safety, and capacity in Dekalb County, Georgia. The announcement reflects Atlas's focus on expanding its self-perform capabilities amidst increasing demand for right-of-way services. The improvements are part of the Georgia DOT's Major Mobility Investment Program aimed at optimizing the state's transportation network.
Atlas Technical Consultants (Nasdaq: ATCX) reported preliminary second quarter 2020 results, with gross revenue projected between $111 million and $113 million and net income estimated at $2.0 million to $2.5 million. Adjusted EBITDA is expected to be $15.0 million to $15.5 million, while liquidity reached approximately $39 million. For the full year 2020, gross revenue is anticipated between $453 million and $468 million, a decrease from prior expectations due to COVID-19 impacts. Backlog surpassed $620 million, showing business resilience despite pandemic challenges.
Atlas Technical Consultants, Inc. (Nasdaq: ATCX) announced that its subsidiary, Consolidated Engineering Laboratories, secured a $4 million contract for geotechnical and materials testing at the Richards Boulevard Office Complex in Sacramento, CA. This complex, valued at approximately $1 billion, will serve 4,650 California state employees through four structural steel office buildings and a precast parking garage. The project emphasizes Atlas's capabilities in delivering value to clients in collaboration with the California Department of General Services.
Atlas Technical Consultants (ATCX) announced its selection by East Baton Rouge Parish for the $30M Sherwood Forest Drive Extension project, part of a $1B mobility enhancement program. The project aims to improve transportation infrastructure through comprehensive design services, including geotechnical design and traffic engineering. The design will utilize advanced LiDAR technology and address environmental challenges, particularly flood management. The initiative supports Baton Rouge’s goals of reduced congestion and improved quality of life for residents.
Austin-based Atlas Technical Consultants, a leading firm in testing and inspection services, announced that CEO Joe Boyer and CFO David Quinn will present at the Stifel 2020 Virtual Cross Sector Insight Conference on June 10, 2020, at 4:00 p.m. ET. A live audio webcast of the event will be available on the company’s website, with a replay accessible afterward. Atlas serves public and private sector clients in various markets, including transportation and education, operating over 100 offices across 40 states with a workforce of more than 3,200 employees.