Welcome to our dedicated page for Atlas Critical news (Ticker: ATCX), a resource for investors and traders seeking the latest updates and insights on Atlas Critical stock.
Atlas Critical Minerals Corporation (NASDAQ: ATCX) is a mineral exploration and development company focused on critical minerals projects in Brazil, and its news flow reflects this focus on rare earths, nuclear-grade graphite, uranium, and iron ore. Company announcements describe a large portfolio of mineral rights exceeding 218,000 hectares, with assets that include rare earths, graphite, titanium, copper, uranium, nickel, and iron ore, as well as mineral rights for quartzite, gold, and diamond properties.
News updates for ATCX commonly cover developments at its key projects, such as the Alto do Paranaíba and Iporá rare earths projects, the Malacacheta Graphite Project, and the Rio Piracicaba Iron Ore Project. Disclosures have highlighted SK 1300 Technical Reports filed with the U.S. Securities and Exchange Commission, drilling and sampling results, metallurgical testing outcomes, and the start of revenue-generating iron ore operations.
Investors can also expect news related to capital markets activity, including the company’s listing on the Nasdaq Capital Market under the symbol ATCX and underwritten public offerings of common stock. These releases outline how proceeds are intended to support exploration and development across the Brazilian critical minerals portfolio and general corporate purposes.
This news page aggregates company press releases and market updates so readers can follow Atlas Critical Minerals’ progress on rare earths, nuclear-grade graphite, uranium, and iron ore projects in Brazil, along with regulatory and financing milestones that shape the company’s development path.
Atlas Technical Consultants has successfully completed its acquisition by GI Partners in a cash transaction valued at approximately $1.05 billion, including debt. Approved by stockholders on March 29, 2023, the deal gives Atlas stockholders $12.25 per share, a 124% premium over its pre-announcement price of $5.47. Following this acquisition, Atlas' common stock will be delisted from Nasdaq. The CEO expressed optimism about the new ownership and aims to accelerate growth and enhance customer value.
This acquisition positions Atlas to leverage GI Partners' resources for improved infrastructure and environmental solutions, although potential risks associated with private ownership and operational changes exist.
Atlas Technical Consultants (Nasdaq: ATCX) reported a successful fourth quarter and full year 2022, marked by a 4% increase in gross revenue, totaling $151.0 million in Q4 and $604.8 million for the full year. The company achieved a 19% growth in Adjusted EBITDA, reaching $87.2 million. A significant backlog of $877 million was noted, up 8.5% year-over-year. Atlas is set to be acquired by GI Partners for $12.25 per share, offering a 124% premium to its January 30, 2023 closing price of $5.47. Completion of the merger is expected in Q2 2023.
Atlas Technical Consultants (Nasdaq: ATCX) announced a new contract with the East Baton Rouge Parish Recreation and Parks Commission, valued at $6 million over three years, for managing capital improvement projects totaling approximately $100 million. The firm will provide program management services, including budget development and environmental oversight, enhancing community park facilities. CEO L. Joe Boyer emphasized the importance of parks in local communities and expressed gratitude for the opportunity to contribute.
Bernhard Capital Partners announced the acquisition of Atlas Technical Consultants (Nasdaq: ATCX) by GI Partners in an all-cash deal valued at approximately $1.05 billion, including debt. Atlas shareholders will receive $12.25 per share, reflecting a 124% premium over its closing price of $5.47 on January 30, 2023. Founded in 2017, Atlas has grown through 19 acquisitions under Bernhard Capital's management, now employing over 3,500 people nationwide. This transaction marks a significant milestone in their expansion strategy and is expected to leverage Atlas' market position in infrastructure and environmental solutions.
Atlas Technical Consultants (Nasdaq: ATCX) has announced its acquisition by GI Partners in a $1.05 billion all-cash deal, including outstanding debt. Shareholders will receive $12.25 per share, representing a 124% premium over the previous closing price of $5.47. The transaction, approved by Atlas' Board of Directors, is expected to close in the second quarter of 2023, pending shareholder and regulatory approvals. This acquisition is aimed at enhancing shareholder value and acknowledges the company's growth since its founding in 2017. Upon completion, Atlas will become a private entity and will cease trading on Nasdaq.
Atlas Technical Consultants (Nasdaq: ATCX) has secured a three-year, $21 million contract extension to provide Construction Materials Testing for the Spent Fuel Handling Recapitalization Project at the Naval Nuclear Laboratory. Under this agreement with Fluor Marine Propulsion, Atlas will serve as the Independent Testing Agency, ensuring compliance with Nuclear Quality Assurance (NQA-1) standards for concrete materials. This extension builds on Atlas' 20+ years of experience at the Idaho National Laboratory and supports vital work for U.S. Government agencies, enhancing the quality assurance solutions for critical infrastructure.
Atlas Technical Consultants (Nasdaq: ATCX) has been awarded a $15 million contract by the Georgia Department of Transportation (GDOT) to provide Engineering & Design and Environmental services for rail crossings. The contract spans three years with a potential two-year extension. Atlas will conduct field inventories, develop design plans, and prepare NEPA studies to enhance safety at railroad crossings. This partnership builds on over 16 years of collaboration between Atlas and GDOT, focusing on improving Georgia's transportation infrastructure.
Atlas Technical Consultants (Nasdaq: ATCX) will participate in the CJS Securities 23rd Annual New Ideas for the New Year Conference on January 11, 2023. CEO L. Joe Boyer and Chief Strategy Officer Jonathan Parnell will present at 3:05 PM Eastern time. The event will be accessible virtually, enhancing engagement with investors and stakeholders. Atlas, based in Austin, Texas, is a leading provider of Infrastructure and Environmental solutions, with over 3,500 employees. For more information or to access the live presentation, visit their Investor Relations website.
Atlas Technical Consultants (ATCX) has been selected as a member of an AECOM-led joint venture to provide program delivery support for the California High-Speed Rail Project. The $400 million contract spans four years, with Atlas set to book approximately $65 million in backlog in Q4 2022. This project aims to create a unified quality management system for the rail program, expected to transform transportation in California while promoting environmental sustainability. The High-Speed Rail initiative is anticipated to generate significant reductions in greenhouse gas emissions.
Atlas Technical Consultants (Nasdaq: ATCX) has secured a $5 million contract with the Washington State Department of Transportation for Environmental and Quality Assurance Services. This project aims to remove fish barriers and enhance fish migration patterns following a Federal culvert injunction from 2013. Atlas will provide essential technical services, demonstrating its commitment to meeting environmental goals in the Pacific Northwest. CEO L. Joe Boyer emphasized Atlas' extensive experience in the region, enhancing their credibility in fulfilling this critical project.