MIDWEST ENERGY EMISSION Stock Price, News & Analysis

Midwest Energy Emissions Corp (TSXV: MEEC) (OTCQB: MEEC) announced its rebranding to Birchtech, changing its corporate name to Birchtech Corp. Starting October 17, 2024, the company will trade under the new stock symbol [BCHT] on the TSX Venture Exchange and OTCQB. The company has also received conditional approval to list on the Toronto Stock Exchange (TSX), subject to fulfilling certain requirements.

CEO Richard MacPherson stated that the rebranding reflects the company's evolution into a multi-faceted Environmental Technology Firm with divisions in clean air (ME2C) and water treatment (WE2C). The move to the TSX is expected to increase share liquidity and provide broader access to global investors. The company aims to maintain growth in mercury emissions technologies and expand its water technologies, focusing on PFAS removal starting in late 2024.

ME2C Environmental (TSXV: MEEC) (OTCQB: MEEC) has launched its water purification business, WE2C Environmental, with the opening of two new laboratories in Grand Forks, North Dakota, and State College, Pennsylvania. These labs, combined with expert talent, aim to establish WE2C as a full-service provider for water utilities to deploy solutions compliant with U.S. EPA's PFAS regulations.

The labs will focus on removing 'forever chemicals' from drinking water and offer unique capabilities such as reactivating carbon and comparing its performance to virgin carbon. WE2C's services will support water treatment plants, carbon service providers, and carbon distributors. The company's automated rapid lab scale tests are expected to yield results similar to more costly in-field pilot tests, providing a competitive advantage in the clean water sector.

ME2C Environmental (TSXV: MEEC) (OTCQB: MEEC) has reported its Q2 2024 financial results. Key highlights include:

• Cash on hand: $8.4 million
• Working capital: $4.8 million
• Current assets to current liabilities ratio: 1.7 to 1
• Q2 2024 revenues: $3.4 million
• Reduction in interest expense: $334,000

CEO Richard MacPherson emphasized the company's focus on leveraging recent patent settlements to create long-term customers. ME2C is also making progress in developing new activated carbon technologies for removing 'forever chemicals' from potable water, with plans to introduce commercial products to the water utility market soon.

Midwest Energy Emissions Corp. (TSXV: MEEC, OTCQB: MEEC), also known as ME2C Environmental, has engaged DS Market Solutions Inc. for equity trading advisory and liquidity provider services. This new engagement replaces the previous service provider, Independent Trading Group, Inc., which served from July 2023 through June 2024. DS Market Solutions is tasked with enhancing liquidity, stability, and market depth for ME2C's securities. The agreement starts on July 2, 2024, with a $5,400 monthly fee and can be terminated by either party with a 30-day notice. DS Market Solutions will not receive shares or options as part of their compensation and are not affiliated with ME2C Environmental.

Midwest Energy Emissions Corp. (TSXV: MEEC, OTCQB: MEEC), known as ME2C Environmental, announced the appointment of Dennis Baranik as Director of National Sales, effective May 1, 2024. Baranik will oversee product sales and IP licensing for the company's mercury emissions capture business and support development in potable water treatment. CEO Richard MacPherson highlighted Baranik's extensive leadership experience in the activated carbon market and his valuable industry relationships. This strategic hire aims to drive growth in ME2C Environmental's core business and expand its presence in the water treatment market.

ME2C Environmental (MEEC) reported its Q1 2024 financial results, showcasing a strong start to the year. Revenues increased by 18% to $3.6 million, driven by higher product sales, with gross profit rising by 42% to $1.4 million. Gross margin improved to 41%. The company's total liabilities dropped significantly by 69%, from $28.3 million to $8.8 million. Key debt repayments included a $9 million principal payment and a $0.3 million secured note repayment. The company's cash on hand stands at $11.2 million, with a working capital of $8.2 million. ME2C was awarded a $57 million patent infringement verdict, which could positively impact future financials. The company is also progressing into the potable water treatment market, anticipating significant growth from 2025 onward.

Midwest Energy Emissions Corp. (ME2C Environmental) has appointed Dr. David Mazyck as the Division Director of its new division, WE2C Environmental, effective May 1, 2024. Dr. Mazyck will oversee the development of innovative activated carbon technologies aimed at removing PFAS/PFOS contaminants from water, with a market introduction slated for 2025. This strategic move is expected to leverage his expertise to ensure technology leadership and success in the potable water treatment sector.

Midwest Energy Emissions Corp. (TSXV: MEEC, OTCQB: MEEC), known as ME2C Environmental, will announce its Q1 2024 financial results on May 16, 2024. A conference call will be hosted at 4:00 PM EST to discuss these results, followed by a Q&A session. The press release will be issued before the call. Participants can dial in or use a provided link for instant access. A replay will be available until June 16, 2024.

Midwest Energy Emissions Corp. (MEEC) announced the launch of its new division, WE2C Environmental, focusing on potable water treatment with new sorbent technologies. The company aims to address PFAS contaminants in drinking water following the EPA's new standard and funding allocation. WE2C's solutions are expected to be more effective and environmentally friendly than current options, with reduced costs for utilities. ME2C Environmental's CEO, Richard MacPherson, highlighted the company's commitment to providing innovative and affordable environmental solutions, similar to their success in air emissions control.