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) announced a major recapitalization designed to enhance liquidity and reduce its cost of capital. The company replaced its existing debt with a more favorable $432 million long-term loan maturing in 2028, along with a $75 million delayed draw term loan and a $40 million revolving credit facility. This restructuring will save approximately $13 million in cash outlays in year one and $8 million annually thereafter. Additionally, all Series A preferred equity units have been redeemed, marking significant progress in simplifying Atlas's capital structure.
Atlas Technical Consultants (Nasdaq: ATCX) will announce its fourth quarter and full year 2020 financial results on March 8, 2021, after market close. A conference call and webcast to discuss these results will take place at 5:00 p.m. Eastern time. Interested parties can access the live event and replay it via the company's website. With a strong national presence and over 3,300 employees, Atlas offers a wide range of testing, inspection, engineering, and consulting services across various sectors, including transportation and government.
Atlas Technical Consultants (ATCX) has been awarded a $9 million contract by the California Department of Transportation (Caltrans) to perform professional and technical services for a duration of three years. This collaboration builds on Atlas/Alta Vista's robust history with Caltrans, providing essential materials testing for major infrastructure projects. The contract aims to enhance engineering standards and deliver innovative solutions to meet the challenges of California's extensive infrastructure needs.
Atlas Technical Consultants (Nasdaq: ATCX) has secured a $5 million contract from the Texas Department of Transportation (TxDOT) for the reconstruction and widening of US 290 and State Highway 71 in Austin. As the owner's representative, Atlas will conduct Owner Verification Testing & Inspection (OVT&I) for this five-year project. With over 20 years of partnership with TxDOT, Atlas has participated in 22 out of 25 relevant projects, reinforcing its expertise in the sector. Construction is slated to begin in early Fall 2021.
Atlas Technical Consultants (ATCX) has secured a significant contract worth $2.6 million for special inspection and materials testing services at the University of California San Diego's Theatre District Living and Learning Neighborhood project. This contract spans three years and involves providing services for a mixed-use development including five buildings with a capacity of approximately 2,000 student beds, alongside facilities such as an auditorium and conference center. This partnership highlights Atlas's ongoing collaboration with UCSD on various important projects.
Atlas Technical Consultants (Nasdaq: ATCX) has successfully completed the acquisition of WesTest LLC, a provider of transportation-related testing and inspection services. This strategic move enhances Atlas's presence and cross-selling abilities in the transportation sector. CEO L. Joe Boyer highlighted the integration of WesTest's team and clientele as a substantial opportunity for growth, driven by increased investments from state Departments of Transportation (DOTs). The acquisition's terms remain undisclosed, but it marks a significant step in expanding Atlas’s service offerings.
Atlas Technical Consultants (NASDAQ: ATCX) announced the completion of its exchange offer and consent solicitation for outstanding warrants. Following the offer, a total of 19,759,386 public warrants and 3,750,000 private placement warrants were tendered, representing approximately 98.80% and 100% of their respective categories. As a result, Atlas will exchange remaining untendered warrants at a ratio of 0.1665 shares per warrant, effective December 3, 2020. Due to the low number of outstanding warrants, Nasdaq will suspend trading and delist them as of November 18, 2020.
Atlas Technical Consultants (NASDAQ: ATCX) announced the completion of its Exchange Offer and Consent Solicitation for warrants, with results showing a 98.80% participation from public warrants and 100% from private placement warrants. As of November 18, 2020, the company will issue 4,349,174 shares of Class A common stock in exchange for these warrants, increasing the total outstanding shares to 10,116,516. Additionally, nearly 99% of the outstanding warrants approved a Warrant Amendment, executed on November 17, 2020.
Atlas Technical Consultants (Nasdaq: ATCX) has announced a new three-year contract valued at approximately $5 million with the California Department of Transportation (Caltrans), District 8. The contract involves on-call materials field testing and inspections across Riverside and San Bernardino counties, covering a significant area of 28,650 square miles and numerous state routes. Alta Vista, a subsidiary of Atlas, is recognized for its expertise in materials engineering and has a longstanding relationship with Caltrans, enhancing Atlas's service offerings in critical infrastructure projects.
Atlas Technical Consultants (NASDAQ: ATCX) has filed an amendment to its SEC Registration Statement, initially filed on October 19, 2020. This amendment updates the registration to include unaudited financial data up to September 30, 2020, associated with its exchange offer for public and private placement warrants. The offering period for the exchange will end on November 16, 2020. BofA Securities, Inc. is managing the exchange offer, and holders can withdraw warrants prior to the expiration date. The full terms are detailed in the Schedule TO and Prospectus/Offer to Exchange.