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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 (Nasdaq: ATCX) has been awarded a $7 million contract for geotechnical investigation services at the Carbon Free Power Project in Idaho. As part of the Rizzo International team, Atlas will provide field and lab services to support the final geotechnical report for the nation's first small modular reactor (SMR) nuclear plant. The project aims to provide carbon-free energy and is crucial for meeting emission reduction goals. Atlas boasts over 20 years of experience at the Idaho National Laboratory.
Atlas Technical Consultants reported a 15% increase in gross revenue to $138.7 million for Q3 2021, driven by expanded services and acquisitions. The company’s backlog reached a record $757 million, reflecting strong infrastructure contract wins. Despite a net loss of $2.3 million, adjusted net income rose to $4.6 million. Anticipation of federal infrastructure spending is expected to bolster future growth, with 2022 adjusted EBITDA projected to grow in the low-to-mid teens. The company emphasizes ongoing management focus on enhancing margins and cash flow.
Atlas Technical Consultants (Nasdaq: ATCX) has secured a $15 million contract for design quality assurance on the I-35 Northeast Expansion (NEX) project in Texas. This contract is part of a larger $1.5 billion design-build initiative awarded to Alamo NEX Construction, a joint venture. The project aims to enhance safety and mobility on one of Texas's busiest highways, tackling congestion and meeting future traffic demands. Atlas will ensure compliance with design specifications through infrastructure reviews, leveraging its extensive experience with TxDOT projects.
Atlas Technical Consultants (ATCX) will release its third quarter 2021 financial results post-market on November 15, 2021. A conference call is scheduled for 5:00 p.m. Eastern Time to review the results and engage in a Q&A session. The event will be accessible via the company’s website or through dial-in options for those unable to join the webcast. Atlas provides various technical services across sectors, employing around 3,600 individuals nationwide, illustrating its robust presence in infrastructure and environmental solutions.
Atlas Technical Consultants (NASDAQ: ATCX) has selected Deltek Vantagepoint as its ERP solution to support its growth and streamline operations. Headquartered in Austin, Texas, Atlas is recognized in the top ranks of environmental and construction management. With over 3,600 employees and more than 100 locations nationwide, Atlas aims to consolidate its acquired companies into a single, scalable ERP platform, enhancing operational efficiency. Deltek Vantagepoint is expected to provide integration and improved resource management.
Atlas Technical Consultants (Nasdaq: ATCX) announced participation in the D.A. Davidson 20th Annual Diversified Industrials & Services Virtual Conference on September 22, 2021. The company, based in Austin, Texas, specializes in Environmental, Testing, Inspection & Certification, Engineering & Design, and Program Management services. With approximately 3,600 employees, Atlas serves various markets including transportation, water, and government, providing critical technical services nationwide.
Atlas Technical Consultants (Nasdaq: ATCX) announced an $18 million IDIQ contract with the Central Federal Lands Highway Division to provide onsite construction inspection and contract administration services. This award, the company's second consecutive IDIQ contract since 2014, follows the Great American Outdoors Act's significant funding for infrastructure projects. Atlas aims to enhance its services in the 14-state CFLHD region, reaffirming its commitment to quality assurance and reliability in engineering support.
Atlas Technical Consultants has secured an $18 million contract with the California Department of Transportation (Caltrans), boosting its total contract value to $48 million. The contract spans three years and focuses on quality assurance and verification services. Atlas will assist in the maintenance and construction of various transportation projects, utilizing alternative procurement methods. The company emphasizes its commitment to safety and high-quality standards.
Atlas Technical Consultants (Nasdaq: ATCX) has secured $9 million in contracts from the Texas Department of Transportation for materials testing services across several districts in Texas. The contracts span up to five years, with allocations of approximately $3 million for San Antonio, $2 million each for El Paso, Houston, and Pharr, Laredo, and Corpus Christi districts. The company's commitment to safety and quality is emphasized, showcasing its expertise in managing critical infrastructure projects.
Atlas Technical Consultants (ATCX) announced a new $8 million contract with the Texas Department of Transportation for Construction Engineering and Inspection services in the Odessa District. This five-year contract will facilitate key infrastructure projects, continuing Atlas' partnership with TxDOT since 2016. The company has managed nearly $277 million in projects in West Texas, with $175 million in the Odessa District alone. The contract aims to enhance the management and quality of construction projects, crucial for maintaining the state's transportation system.