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 (ATCX) has secured a three-year, $18 million contract with the California Department of Transportation for Quality Assurance and Inspection Services in Southern California. This contract underscores Atlas's commitment to enhancing quality assurance services, positioning it strategically before major global events such as the 2026 FIFA World Cup and 2028 Olympics. The company aims to support various capital projects, enhancing infrastructure quality across multiple counties, including Los Angeles and San Diego.
Atlas Technical Consultants, Inc. (Nasdaq: ATCX) announced its inaugural sustainability report outlining its 2030 Environmental, Social, and Governance (ESG) goals. The report emphasizes Atlas' commitment to the UN Sustainable Development Goals and includes a full ESG strategy, governance enhancements, and a carbon footprint inventory. Key targets involve completing 50,000 infrastructure projects, reducing GHG emissions by 50%, and achieving gender pay equity. The company aims to foster diversity and community engagement through various initiatives.
Atlas Technical Consultants has entered into an interest rate cap transaction with JPMorgan Chase to mitigate interest expense risks linked to potential rate fluctuations. This transaction, effective from June 1, 2022, caps the variable portion of the company’s interest at 3.0% for a notional amount of $500 million. Monthly payments will be made by JPMorgan if the benchmark interest rate exceeds this cap. CEO L. Joe Boyer emphasized that this step is part of ongoing efforts to reduce leverage and simplify the company’s capital structure.
Atlas Technical Consultants (ATCX) reported a strong start to 2022 with a 9.7% increase in gross revenue, reaching $135.2 million, driven by 6% organic growth and acquisitions. Adjusted EBITDA rose 13.4% to $16.5 million, representing a 12.2% margin. The backlog reached a record $851 million, up 24% year-over-year. Despite a net loss of $4.4 million, the company reaffirmed its full-year outlook, anticipating revenue of $580-$620 million and adjusted EBITDA of $84-$90 million.
Atlas Technical Consultants, Inc. (Nasdaq: ATCX) has been awarded a contract worth $85.90 million by the Los Angeles County Metropolitan Transportation Authority for Environmental Capital Construction Support services. The initial three-year term of the contract is valued at $82.65 million, with additional options bringing the total potential value to $85.90 million. Atlas anticipates booking at least $12 million from this contract, which encompasses handling environmental waste, hazardous materials, and related construction services.
Atlas Technical Consultants (Nasdaq: ATCX) announced the release of its first quarter 2022 financial results scheduled for May 10, 2022, after market close. A webcast and conference call will occur on May 11, 2022, at 9:00 a.m. Eastern time to review these results and discuss recent developments. The company emphasizes its commitment to improving infrastructure through its various services, which include Environmental Solutions, Engineering & Design, and Testing, Inspection, and Certification.
Atlas Technical Consultants has acquired 1 Alliance Geomatics, enhancing its geospatial services in the transportation and water resources sectors. Based in the Pacific Northwest, 1 Alliance specializes in high-tech solutions, utilizing advanced technologies like 3D laser scanning and drones. This acquisition aims to broaden Atlas' service offerings and strengthen its market position. The deal is immediately accretive and reduces Atlas’ debt level. Company leaders from 1 Alliance will stay on to facilitate growth.
Atlas Technical Consultants (Nasdaq: ATCX) reported strong fourth-quarter results for 2021, with gross revenue up 15.5% to $145.2 million and adjusted EBITDA surging 33.9% to $20.7 million. The company achieved a record backlog of $808 million, a 29% increase year-over-year, driven by major infrastructure and environmental contracts. Despite a net loss of $7.4 million, adjusted net income improved to $2.1 million. For 2022, Atlas anticipates gross revenue between $580 million and $620 million, reflecting robust demand and strategic acquisitions.
Atlas Technical Consultants has acquired TranSmart Technologies, a leader in Intelligent Transportation Systems and Connected and Autonomous Vehicles. The deal enhances Atlas’ service offerings, integrating traditional engineering with innovative technology.
TranSmart, with over 100 employees, aims to improve transportation efficiency and safety through advanced engineering solutions. The acquisition, funded through cash and stock, is expected to drive revenue synergies and strengthen Atlas’ market position in states like Texas, California, and New York.
Atlas Technical Consultants (Nasdaq: ATCX) has been awarded a $115 million contract by the Metropolitan Transportation Authority (MTA) as part of a Joint Venture with WSP USA to provide project management for the Penn Station Access Project. The contract spans 86 months and includes construction management, design oversight, and operations management. This project aims to enhance regional connectivity and support underserved communities by providing new transit options from the Bronx, Westchester, and Connecticut to Manhattan.