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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, Inc. (Nasdaq: ATCX) is set to release its second quarter 2022 financial results on August 9, 2022, after market close. A conference call to discuss these results will occur on August 10, 2022, at 9:00 a.m. Eastern time. Headquartered in Austin, Texas, Atlas provides Infrastructure and Environmental solutions across diverse sectors. With over 3,500 employees, the company integrates services in Environmental, Engineering, and Quality Management. The press release contains forward-looking statements, highlighting various risks and uncertainties impacting future performance.
Atlas Technical Consultants has secured a six-year, $6.5 million contract for program management services related to Cobb County PARKS' 2022 SPLOST program. This initiative is expected to generate $52.2 million for park improvements and new developments, continuing Atlas' long-term partnership with the county. Atlas will provide essential management services to enhance community access to green spaces. The company has been managing Cobb PARKS SPLOST since 2012, reflecting its commitment to supporting local environmental and social needs.
AUSTIN, Texas, July 8, 2022 – Atlas Technical Consultants (Nasdaq: ATCX), a leading Infrastructure and Environmental services provider, announced that CEO L. Joe Boyer and Chief Strategy Officer Jonathan Parnell will participate in the CJS Securities 22nd Annual New Ideas Summer Conference on July 12, 2022. Atlas, headquartered in Austin, is focused on improving the performance and longevity of infrastructure assets through innovative solutions in Environmental, Testing, Inspection, Certification, Engineering, and Program Management. For more information, visit oneatlas.com.
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.