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 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.
Atlas Technical Consultants (ATCX) reported 17% revenue growth for Q2 2021, reaching $131.6 million. This increase is attributed to solid execution across services and contributions from recent acquisitions. Net revenue rose 16% to $106.3 million, while adjusted EBITDA increased 17.9% to $18.2 million. The company achieved a record backlog of $751 million due to key contract wins. Despite a net loss of $4.2 million, adjusted net income reached $3.5 million. The company reiterates its full-year 2021 outlook for revenues and adjusted EBITDA amid anticipated demand for infrastructure services.
Atlas Technical Consultants (ATCX) has secured a $4 million contract with the Texas Department of Transportation for materials and testing services over five years. This contract includes sampling, testing, and inspection for asphalt and concrete construction across multiple counties, particularly focusing on the Austin District. COO Ken Burns, Jr. emphasized the company's commitment to safety and quality assurance in infrastructure projects, underlining their ongoing investment in technology and resources.
Atlas Technical Consultants (ATCX) will release its second quarter 2021 financial results on August 16, 2021, after market close. A conference call and webcast are scheduled for the same day at 5:00 p.m. Eastern Time. Investors can access the event via the company's website or by calling designated numbers. Atlas provides a wide range of essential technical services across various sectors, employing around 3,500 people nationwide.
Atlas Technical Consultants (Nasdaq: ATCX) has secured a $10 million contract from the Georgia Department of Transportation (Georgia DOT) for Maintenance Engineering and Inspection services in the Gainesville region. This contract will run for three years, with a potential two-year extension. Atlas will provide various services, including asphalt rehabilitation, litter pickup, and guardrail repair. The collaboration emphasizes safety and quality in infrastructure improvement, showcasing Atlas's commitment to enhancing community services in Northeast Georgia.
Atlas Technical Consultants (Nasdaq: ATCX) has been ranked #9 in Engineering News Record’s (ENR) Top 10 Environmental Management Firms and #15 in Top 100 Construction Management Firms. Additionally, it ranks #47 in Program Management and #77 among the Top 200 Environmental Firms based on 2020 revenues. This recognition underscores the company’s commitment to quality in project delivery. Atlas offers environmental, engineering, and construction management services, employing around 3,500 staff nationwide.
Atlas Technical Consultants (Nasdaq: ATCX) has successfully acquired O’Neill Service Group (OSG), a leading construction quality assurance and environmental services firm based in the Pacific Northwest. This acquisition, announced on July 7, 2021, enhances Atlas’ service offerings and market presence, facilitating cross-selling opportunities and increased market share. With this addition, Atlas aims to reduce its net leverage ratio. OSG, founded in 2008, employs over 90 people and is recognized for its strong client relationships and expertise in infrastructure projects.
Atlas Technical Consultants (Nasdaq: ATCX) has announced the appointment of Ken J. Burns, Jr. as Chief Operating Officer, effective immediately, following the retirement of previous COO Gary Cappa. Ken brings over 32 years of industry experience, previously serving as COO for Atkins' US operations, managing an $800 million infrastructure business. His leadership aims to enhance Atlas' operational excellence and support strategic growth objectives, as stated by CEO L. Joe Boyer.
Atlas Technical Consultants (Nasdaq: ATCX) has secured a $4.1 million contract for quality inspection services at the Lead, South Dakota Sanford Underground Research Facility’s Long-Baseline Neutrino Facility (LBNF). This project, part of the Kiewit-Alberici Joint Venture, spans 3.5 years and will support the Deep Underground Neutrino Experiment (DUNE). Atlas will deploy its mobile A2LA certified material testing lab, enhancing its commitment to safety and quality assurance in collaboration with the Department of Energy.