Category Industries

IBC Advanced Alloys Reports Financial Results For Quarter Ended March 2025
Press Release

IBC Advanced Alloys Reports Financial Results For Quarter Ended March 2025

Highlights of the Quarter and Nine Months Ended March 31, 2025
(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars)

IBC is reporting the performance of "continuing operations" at its Copper Alloy division, "discontinued operations" at its Massachusetts facility, and a combination of continuing and discontinued operations.1

  • Copper Alloys division (continuing operations) sales of $13 million in the nine-month period ended March 31, 2025, compared to sales of $18.6 million in the comparable prior-year period. However, 89% of the relative decline, or approximately $5.01 million, was driven by two large, non-recurring orders in the comparative period of fiscal year 2024. The Company's Engineered Materials ("EM") division, where operations ceased and all contracts were completed before June 30, 2024, recorded no sales.

  • Continuing operations reported a fiscal year to date ("YTD") operating loss1 of $735,000 compared to operating income of $1.2 million in the comparative period.

  • In the quarter, continuing operations booked positive adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") of $255,000. YTD, Adjusted EBITDA was a loss of $126,000.

  • IBC reported a consolidated YTD net loss of $2.3 million ($0.029 per share) for continuing operations, or a loss of $3.2 million including discontinued operations.

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Press Release

Elektros Inc.: From Promising Pioneer to Lithium Powerhouse - A Golden Opportunity for Billionaires and Millennials to Join the Clean Energy Revolution

Elektros Inc. (OTC PINK:ELEK) surged by an astounding 344% today, climbing from $0.0125 to $0.0555 per share. This explosive move reflects skyrocketing momentum as the market reacts to Elektros' massive lithium discovery in Sierra Leone. The excitement is palpable, and momentum is building fast. Now is the time for visionaries, billionaires, and millennials alike to join forces with Elektros Inc. and take part in shaping the future of clean energy. 

With early-stage traction, visionary leadership, and a clear path to growth, Elektros Inc. is destined to transform from a small-cap explorer into one of the next global lithium powerhouses. The company mirrors the early rise of industry titans like Albemarle and SQM-and this is the inflection point. The ground floor is open. Don't miss the ascent.

Elon Musk, the visionary CEO of Tesla, has emphatically stated that lithium is "the new oil" and is the most critical component in electric vehicles. He has stressed that lithium supply and refining are the front line of all EV production, noting that it remains one of the biggest bottlenecks in scaling the clean energy transition. Elektros Inc.'s groundbreaking discovery aligns perfectly with Musk's vision of securing reliable, ethically sourced lithium to meet the surging global demand. A Historic Opportunity for Billionaires, Entrepreneurs, and Visionaries to Power the Future with Rare-Earth 'White Gold'

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