New research shows 2026 multifamily deliveries are projected to fall 36%, construction starts remain more than 50% below peak, and $174 billion in equity capital is positioned to deploy.
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News Release Highlights:
Battery X Metals appoints electric vehicle and lithium-ion battery entrepreneur William Fan as President to advance its patent-pending lithium-ion battery rebalancing technology development, expand strategic industry relationships, advance corporate development initiatives, including evaluating complementary opportunities within the broader battery ecosystem, and support the Company's capital markets initiatives.
Mr. Fan previously led a bid to acquire the intellectual property and operating assets of ElectraMeccanica Vehicles Corp., a Nasdaq-listed electric vehicle manufacturer at the time, and brings experience spanning the electric vehicle, lithium-ion battery, energy storage, corporate development, and capital markets sectors, complemented by manufacturing training at automotive production facilities in North America, Europe, and South Korea.
Mr. Fan brings experience across lithium-ion battery recycling, reverse logistics, battery supply chain, and energy storage initiatives. He was an early startup member of the Volta Foundation, was selected as a member of Canada's 2022 delegation to the G20 Young Entrepreneurs' Alliance Summit, and has participated in international sustainability initiatives, including the United Nations Climate Change Conference (COP28), and has been invited to speak at TEDx on sustainable transportation.
Second Quarter Highlights
Per Class B share(3): $1.35 adjusted basic earnings up 10.7%; $1.31 basic earnings up 8.3%;
Sales increased 9.1% on 5.0% organic growth, 1.8% acquisition growth and 2.3% positive currency translation
Operating income(1) improved 8.8%, with a 16.6% operating margin(1) flat to 2025
Returned $325.3 million to shareholders: $61.2 million in dividends and repurchased 3.1 million Class B shares for $264.1 million
Six-Month Highlights
Per Class B share(3): $2.55 adjusted basic earnings up 6.3%; $2.49 basic earnings up 4.2%;
Sales increased 6.0% on 3.5% organic growth, 1.1% acquisition growth and 1.4% positive currency translation
Operating income(1) improved 4.6%, with a 16.5% operating margin(1) down 20 bps
Returned $455.1 million to shareholders: $123.5 million in dividends and repurchased 3.8 million Class B shares for $331.6 million
Gross profit increased 93% from Q1 as operating expenses declined 17%, demonstrating strong sequential operating performance
Q2 net sales reached a record $5.23 million, up 27% year-over-year and 58% sequentially
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Record Quarterly Gross Margin of 34.9%; Record Adjusted EBITDA¹ of $3.7 Million, Up 27% Year over Year; Quarterly revenue of $17.7 million
Amazon Commercial Agreement and ElvaPulse™ 1500 Launch Position Company for Expanded Growth Opportunities
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HIGHLIGHTS
‘Phase 2' reverse circulation (RC) and diamond drilling (DD) Resource upgrade drilling complete, totalling 38,760m RC and DD drilling and 311 holes during intensive 5 month, 4 drilling rig campaign
Pre-Feasibility Study (PFS) underway for large-scale gold production, targeting Q1 CY27 publication
A new facility puts Colz Electric within faster reach of homes and businesses. While a relaunched website and upgraded service standards round out the company's biggest expansion since 2013.
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New first-of-its-kind K9 protocol gives law enforcement agencies a standardized rapid-response framework to decontaminate K9s, their handlers, and police vehicles, from dangerous narcotics
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A new facility puts Colz Electric within faster reach of homes and businesses. While a relaunched website and upgraded service standards round out the company's biggest expansion since 2013.
Read MoreSingle-tranche financing carries one full warrant per Unit at $0.12, issues less than half the Units contemplated under the previously announced offering, creates no freely tradeable stock at closing, and is expected to include insider participation. Proceeds are directed to the next phase of exploration at the Mesa Arc Project (New Mexico) and the Green River Project (Utah). The Company's previously announced offering, comprising a LIFE Financing and a concurrent financing, has been cancelled due to market conditions.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
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Offering nearly 3 MWh of energy with up to 7 MW of continuous power for demanding data center, AI infrastructure and critical-power applications
Initial deliveries targeted for Q2 2027 from Electrovaya's Jamestown, NY manufacturing facility, designed to support 48E Investment Tax Credit eligibility