Latest news with #Aqualung
Yahoo
17-05-2025
- Business
- Yahoo
Standard Lithium Corp (SLI) Q1 2025 Earnings Call Highlights: Financial Turnaround and ...
Net Loss: USD 1.6 million for Q1 2025, compared to USD 7.7 million for Q1 2024. SG&A Decline: USD 1.1 million reduction, highlighting cost management and back-office cost sharing. Demo Plan Expenses: Decreased by USD 0.6 million, reflecting cost discipline and focus shift. Share-Based Compensation: Decreased by USD 1.3 million due to timing differences in rewards and grants. Fair Market Value Gain: USD 3 million gain from increased carrying value of investment in Aqualung carbon capture AS. Cash Position: USD 31.6 million at the end of the quarter. Working Capital: USD 31.3 million at the end of the quarter. Equity Investment in Aqualung: Increased to USD 5.4 million. DOE Grant: USD 225 million grant for the Southwest Arkansas project. Warning! GuruFocus has detected 7 Warning Sign with BRC. Release Date: May 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Standard Lithium Corp (SLI) reported a significant reduction in net loss, from USD7.7 million in Q1 2024 to USD1.6 million in Q1 2025, highlighting improved financial performance. The company achieved a lithium recovery rate of over 99% through its DLE technology pilot plant testing in Southwest Arkansas, indicating strong technological progress. SLI has a strong cash and working capital position of USD31.6 million and USD31.3 million, respectively, providing financial stability. The Southwest Arkansas project received a USD225 million grant from the DOE, enhancing the project's financial backing. SLI's Southwest Arkansas project was designated as a priority critical minerals project by the Trump administration, potentially facilitating regulatory processes and attracting global attention. SLI expects the sole funding contributions by its joint venture partner, Ecuador, to be exhausted during the second quarter, requiring SLI to fund its pro rata share of capital expenditures. The company has yet to finalize its Definitive Feasibility Study (DFS) and customer offtake agreements, which are crucial for securing project debt and financing arrangements. There is uncertainty regarding the capital spend profile between now and the final investment decision (FID), which could impact financial planning. The royalty rate proposal for the Southwest Arkansas project may face objections, potentially delaying the approval process. SLI's future funding needs may require additional equity or structured finance, which could dilute existing shareholders. Q: Can you provide a little color on what the designation as a critical minerals project from the Trump administration means with respect to negotiations around off-take agreements and potential financing arrangements for Southwest Arkansas? A: The designation as a critical minerals project primarily ensures that the NEPA environmental review process or other federal regulatory issues will not constrain project funding. Additionally, being named a priority project by the White House increases global attention and confidence among potential downstream customers and financial institutions, enhancing negotiations for off-take agreements and financing arrangements. - David Park, Chief Executive Officer Q: Can you provide a little color on the capital spend runway for the SWA project with respect to the sources that you currently have, and will the carry in East Texas last through the end of 2025? A: The carry from Ecuador for East Texas is expected to run out by the end of the second quarter or early third quarter, after which Standard Lithium will need to fund its 55% share. For Southwest Arkansas, the capital stack is estimated at USD1.4 to USD1.5 billion, sourced from project debt, a USD225 million grant, and a potential USD40 million FID payment from Ecuador. Current cash and liquidity mechanisms should suffice for near-term needs. - Salah Gamoudi, Chief Financial Officer Q: With respect to the royalty application that was filed, do you anticipate any significant objections to the proposal, and did you work with major stakeholders in putting the current plan together? A: The royalty proposal of 2.5% for the rental's unit, which totals approximately 3% with the brine fee, is considered fair and generous. While some objections may arise, the proposal has been well deliberated with stakeholder consultation, and confidence is high that the commission will reach a favorable decision. - David Park, Chief Executive Officer Q: Is it your understanding or hope that this royalty rate would be a benchmark rate that could also apply to a phase two, or would that be a separate discussion? A: It is expected that the established royalty rate will serve as a strong precedent for future royalty discussions in the area. - David Park, Chief Executive Officer Q: Can you elaborate on the financial results for the first quarter, particularly the factors contributing to the reduced net loss? A: The net loss reduction to USD1.6 million from USD7.7 million is due to decreased SG&A expenses, demo plan expenses, and share-based compensation, alongside a gain from an increased carrying value of the equity investment in Aqualung carbon capture AS. These factors, combined with cost discipline and strategic financial management, have significantly reduced corporate cash burn. - Salah Gamoudi, Chief Financial Officer For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
17-05-2025
- Business
- Yahoo
Standard Lithium Corp (SLI) Q1 2025 Earnings Call Highlights: Financial Turnaround and ...
Net Loss: USD 1.6 million for Q1 2025, compared to USD 7.7 million for Q1 2024. SG&A Decline: USD 1.1 million reduction, highlighting cost management and back-office cost sharing. Demo Plan Expenses: Decreased by USD 0.6 million, reflecting cost discipline and focus shift. Share-Based Compensation: Decreased by USD 1.3 million due to timing differences in rewards and grants. Fair Market Value Gain: USD 3 million gain from increased carrying value of investment in Aqualung carbon capture AS. Cash Position: USD 31.6 million at the end of the quarter. Working Capital: USD 31.3 million at the end of the quarter. Equity Investment in Aqualung: Increased to USD 5.4 million. DOE Grant: USD 225 million grant for the Southwest Arkansas project. Warning! GuruFocus has detected 7 Warning Sign with BRC. Release Date: May 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Standard Lithium Corp (SLI) reported a significant reduction in net loss, from USD7.7 million in Q1 2024 to USD1.6 million in Q1 2025, highlighting improved financial performance. The company achieved a lithium recovery rate of over 99% through its DLE technology pilot plant testing in Southwest Arkansas, indicating strong technological progress. SLI has a strong cash and working capital position of USD31.6 million and USD31.3 million, respectively, providing financial stability. The Southwest Arkansas project received a USD225 million grant from the DOE, enhancing the project's financial backing. SLI's Southwest Arkansas project was designated as a priority critical minerals project by the Trump administration, potentially facilitating regulatory processes and attracting global attention. SLI expects the sole funding contributions by its joint venture partner, Ecuador, to be exhausted during the second quarter, requiring SLI to fund its pro rata share of capital expenditures. The company has yet to finalize its Definitive Feasibility Study (DFS) and customer offtake agreements, which are crucial for securing project debt and financing arrangements. There is uncertainty regarding the capital spend profile between now and the final investment decision (FID), which could impact financial planning. The royalty rate proposal for the Southwest Arkansas project may face objections, potentially delaying the approval process. SLI's future funding needs may require additional equity or structured finance, which could dilute existing shareholders. Q: Can you provide a little color on what the designation as a critical minerals project from the Trump administration means with respect to negotiations around off-take agreements and potential financing arrangements for Southwest Arkansas? A: The designation as a critical minerals project primarily ensures that the NEPA environmental review process or other federal regulatory issues will not constrain project funding. Additionally, being named a priority project by the White House increases global attention and confidence among potential downstream customers and financial institutions, enhancing negotiations for off-take agreements and financing arrangements. - David Park, Chief Executive Officer Q: Can you provide a little color on the capital spend runway for the SWA project with respect to the sources that you currently have, and will the carry in East Texas last through the end of 2025? A: The carry from Ecuador for East Texas is expected to run out by the end of the second quarter or early third quarter, after which Standard Lithium will need to fund its 55% share. For Southwest Arkansas, the capital stack is estimated at USD1.4 to USD1.5 billion, sourced from project debt, a USD225 million grant, and a potential USD40 million FID payment from Ecuador. Current cash and liquidity mechanisms should suffice for near-term needs. - Salah Gamoudi, Chief Financial Officer Q: With respect to the royalty application that was filed, do you anticipate any significant objections to the proposal, and did you work with major stakeholders in putting the current plan together? A: The royalty proposal of 2.5% for the rental's unit, which totals approximately 3% with the brine fee, is considered fair and generous. While some objections may arise, the proposal has been well deliberated with stakeholder consultation, and confidence is high that the commission will reach a favorable decision. - David Park, Chief Executive Officer Q: Is it your understanding or hope that this royalty rate would be a benchmark rate that could also apply to a phase two, or would that be a separate discussion? A: It is expected that the established royalty rate will serve as a strong precedent for future royalty discussions in the area. - David Park, Chief Executive Officer Q: Can you elaborate on the financial results for the first quarter, particularly the factors contributing to the reduced net loss? A: The net loss reduction to USD1.6 million from USD7.7 million is due to decreased SG&A expenses, demo plan expenses, and share-based compensation, alongside a gain from an increased carrying value of the equity investment in Aqualung carbon capture AS. These factors, combined with cost discipline and strategic financial management, have significantly reduced corporate cash burn. - Salah Gamoudi, Chief Financial Officer For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Glasgow Times
05-05-2025
- Entertainment
- Glasgow Times
English rock band coming to Glasgow Royal Concert Hall
Jethro Tull, famous for songs like Aqualung and Locomotive Breath, will be performing at the Royal Concert Hall in the city centre on April 20, 2026. It comes as part of the group's Curiosity Tour 2026, which will also take them to the likes of Edinburgh, Liverpool, London and Swansea. READ NEXT: Rock giants to perform in Glasgow as part of upcoming tour The tour follows the release of the Blackpool band's new album, Curious Ruminant, which came out earlier this year. Speaking on the upcoming tour, frontman Ian Anderson said: 'Our audiences may have become senior citizens in some cases but, being young at heart, they still venture out to see a bunch of old guys having fun. Which, indeed, we are with our young, nimble and lightning-fast fingers, skittering up and down fretboards and keys with apparent ease and facility. Just don't ask us to put out the recycling or programme the TV controller." The band first formed back in 1967. READ NEXT: Free library events celebrating VE Day - here's what you need to know Tickets will go on sale at 9am on May 9. Pre-sale tickets will also be available to purchase from 9am on May 8. To purchase tickets, visit
National Post
24-04-2025
- Business
- National Post
Aqualung Carbon Capture Successfully Closes Phase 1 2025 Financing Round
Article content Article content Article content OSLO, Norway — Aqualung Carbon Capture ('Aqualung'), a pioneering leader in membrane carbon dioxide (CO2) capture and separation technology, is excited to announce the successful first close of its funding round. This round is backed by Aqualung's Joint Development Agreement (JDA) partner, one of the largest global membrane manufacturers, along with other strategic investors including Liquid Gas Equipment Ltd (LGE), wholly owned by Babcock International Group, Tupras Ventures, and Delek Innovation, the CVC of Delek (US) Holdings. Article content This capital raise represents a significant milestone in Aqualung's mission to establish itself as a leading carbon capture company. Over the past four years, Aqualung's pilot units have successfully demonstrated its innovative non-pressurized facilitated transport membrane solution to be cost effective and applicable across various industries, including natural gas processing, lime kilns, and waste-to-energy applications. These units will continue to underpin the commercial roll out of the large-scale Aqualung solution. Article content As Aqualung embarks on the next phase of its journey, the focus will shift towards commercial upscaling in collaboration with its partners and stakeholders. Through this transaction, Aqualung has secured their commercial scale development and manufacturing partner, enabling the company to concentrate on its core thin film coating intellectual property (IP) and project development, delivering on Aqualung's substantial commercial pipeline. The JDA partner's proven ability to significantly enhance manufacturing capacity while maintaining high quality at a low cost will be instrumental in Aqualung's growth trajectory. Article content Andrew Robbins, CEO of Aqualung, expressed his enthusiasm regarding the funding milestone: 'We are extremely excited about closing phase 1 of our equity round with four industrial investors and partners. Our unique technology has always required a large-scale membrane manufacturer, and we are humbled to be joined by such a world-class partner. Our mission to become the low-cost solution to the industry has taken a key step forward and we are looking forward to delivering on our new partnerships.' Article content Aqualung is committed to partnering with industrial leaders to develop a comprehensive carbon capture to sequestration solution that is economically viable across a range of industries. With this funding, Aqualung is poised to make significant advancements in the carbon capture sector. Phase 2 of this funding round is expected to be completed by mid-2025. Article content Article content Article content
Yahoo
24-04-2025
- Business
- Yahoo
Aqualung Carbon Capture Successfully Closes Phase 1 2025 Financing Round
OSLO, Norway, April 24, 2025--(BUSINESS WIRE)--Aqualung Carbon Capture ("Aqualung"), a pioneering leader in membrane carbon dioxide (CO2) capture and separation technology, is excited to announce the successful first close of its funding round. This round is backed by Aqualung's Joint Development Agreement (JDA) partner, one of the largest global membrane manufacturers, along with other strategic investors including Liquid Gas Equipment Ltd (LGE), wholly owned by Babcock International Group, Tupras Ventures, and Delek Innovation, the CVC of Delek (US) Holdings. This capital raise represents a significant milestone in Aqualung's mission to establish itself as a leading carbon capture company. Over the past four years, Aqualung's pilot units have successfully demonstrated its innovative non-pressurized facilitated transport membrane solution to be cost effective and applicable across various industries, including natural gas processing, lime kilns, and waste-to-energy applications. These units will continue to underpin the commercial roll out of the large-scale Aqualung solution. As Aqualung embarks on the next phase of its journey, the focus will shift towards commercial upscaling in collaboration with its partners and stakeholders. Through this transaction, Aqualung has secured their commercial scale development and manufacturing partner, enabling the company to concentrate on its core thin film coating intellectual property (IP) and project development, delivering on Aqualung's substantial commercial pipeline. The JDA partner's proven ability to significantly enhance manufacturing capacity while maintaining high quality at a low cost will be instrumental in Aqualung's growth trajectory. Andrew Robbins, CEO of Aqualung, expressed his enthusiasm regarding the funding milestone: "We are extremely excited about closing phase 1 of our equity round with four industrial investors and partners. Our unique technology has always required a large-scale membrane manufacturer, and we are humbled to be joined by such a world-class partner. Our mission to become the low-cost solution to the industry has taken a key step forward and we are looking forward to delivering on our new partnerships." Aqualung is committed to partnering with industrial leaders to develop a comprehensive carbon capture to sequestration solution that is economically viable across a range of industries. With this funding, Aqualung is poised to make significant advancements in the carbon capture sector. Phase 2 of this funding round is expected to be completed by mid-2025. BNP Paribas and MaxEn Capital Advisors acted as joint advisors to Aqualung on this transaction. For more information about Aqualung please visit: View source version on Contacts Andrew Robbins, CEO Aqualung Carbon Capture - andrew@
