Loop Generates $10.8M of Revenue in Q4 from the sale of first technology license to Reed Societe generale Group and engineering services to India JV
Company progressing on multiple fronts towards groundbreaking of India project
Engineering study by Tata consulting engineers confirms India facility capex in line with initial estimate
Currently focused on negotiating customer off-take contracts for India
Loop management to hold update call at 8:45 AM ET on Friday, May 30, 2025
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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.
The Only Practice in Gilbert, Arizona, Honored in All Three Categories - Med Spa, Skin Care and Plastic Surgery - DrSkin Celebrates Statewide Support in Just Over Two Years of Innovation in Aesthetic Medicine
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Terra Innovatum's SOLO™ Micro-Modular Reactor Offers Safe, Affordable, and Reliable 24/7 Power Without Refueling for 15 Years Using Off-the-Shelf Readily Available Commercial Components and Licensed LEU Fuel
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Terra Innovatum's SOLO(TM) Micro-Modular Reactor Offers Safe, Affordable, and Reliable 24/7 Power Without Refueling for 15 Years Using Off-the-Shelf Readily Available Commercial Components and Licensed LEU Fuel
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Gold equivalent production of 11,163 Gold Equivalent Ounces ("GEO") for Q1
Full year guidance of 55,000-60,000 GEO maintained
Adjusted EBITDA of $4.8 million for Q1, 2025 and Cash balance over US$20m
Management to host conference call on 29th of May, 11AM EDT
The Milwaukee, WI, residential with retail project charts a path for greener high rises with an innovative, sustainable mass timber construction process
Read MoreElektros Inc. (OTC: ELEK) surged by an astounding 344% yesterday, 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.
Read MoreElektros Inc. (OTC: 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.
Read MoreElektros Inc. (OTC: 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.
Read MoreElektros Inc. (OTC: 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.
Read MoreElektros Inc. (OTC: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.
Read MoreElektros Inc. (OTC PINK:ELEK) has ignited the EV revolution with its monumental lithium discovery in Sierra Leone, positioning itself as a pivotal player in the global shift toward sustainable energy. Lithium, the indispensable element fueling every electric vehicle-from Teslas to BMWs-is now at the heart of Elektros' transformative journey. This discovery not only promises to supply the critical mineral essential for EV batteries but also offers investors an unparalleled ground-floor opportunity to be part of a company poised for exponential growth.
Read MoreElektros Inc. (OTC PINK:ELEK) has ignited the EV revolution with its monumental lithium discovery in Sierra Leone, positioning itself as a pivotal player in the global shift toward sustainable energy. Lithium, the indispensable element fueling every electric vehicle-from Teslas to BMWs-is now at the heart of Elektros' transformative journey. This discovery not only promises to supply the critical mineral essential for EV batteries but also offers investors an unparalleled ground-floor opportunity to be part of a company poised for exponential growth.
Read MoreElektros 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.
Read MoreElektros 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'
Read MoreNews Release Highlights:
Battery X Metals to present preliminary results from real-world rebalancing trials performed on a Nissan Leaf battery pack-the second most common out-of-warranty EV in the U.S.
Exclusive Live Investor Reveal Event scheduled for May 30, 2025, featuring the official unveiling Battery X Rebalancing Technologies' next-generation, patent-pending lithium-ion battery rebalancing machine.
Collaboration with Factor E Motors supports trial execution, development of specialized connector ports, and refinement of standard operating procedures for potential future commercialization and cross-platform compatibility for aging EV battery packs.
Big Deals, Bold Style and Bigger Savings Arrive in Trotwood - Join Us for Family Fun, Giveaways and Unbeatable Prices at Our Newest Location: Forman Mills Grand Opening in Trotwood, OH - May 29, 2025, at 9 AM, 5009 Salem Avenue
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Revealing Top Solutions in Audit Readiness, Network Management, and Interoperability Supporting CMS Compliance in 2025
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