Arq(ARQ)

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Arq Provides Update on Transformational GAC Project
GlobeNewswire· 2025-02-07 13:00
Core Viewpoint - Arq, Inc. is on track to commence initial production of its Granular Activated Carbon (GAC) in Q1 2025, with a ramp-up to a full run-rate of 25 million pounds targeted for H2 2025, while also progressing well in customer negotiations for GAC contracts [1][2][3]. GAC Production and Ramp-Up Timeline - Initial production of GAC at the Red River facility is expected to start in Q1 2025, with a ramp-up to reach an annual run-rate of 25 million pounds by H2 2025 [2]. - The company anticipates gaining visibility on potential capacity enhancements once full production capacity is achieved [2]. GAC Customer Engagement & Contract Update - Arq is making significant progress in commercial discussions for GAC, engaging with various customers, including those related to PFAS and biogas [3]. - The company is strategically holding back on additional contract commitments to diversify end-use markets and prioritize profitability over volume [3]. - Contracting and sales will align with the production ramp-up timeline in H2 2025 [3]. Capital Expenditures & Cost Management - Capital expenditures for the GAC expansion at Red River in Q4 2024 were slightly above expectations, totaling approximately $80 million for the full year 2024 [4]. - The increase in costs is attributed to additional professional services and increased piping needs, but the company does not expect similar overruns for the second phase of GAC development [4]. - Arq is evaluating opportunities for cost optimization and efficiency gains as production scales [4]. Commencement of Legal Proceedings - The company has initiated legal proceedings against its design firm for alleged negligence and breach of contract, which it claims resulted in increased costs and delays [5]. - Arq is seeking damages related to these increased costs and delays but believes that product performance will not be impacted [5]. Upcoming Financial Results - Arq plans to release its Q4 and full-year 2024 financial results on March 5, 2025, along with details for an upcoming earnings conference call [6].
Argo's December 2024 Oil Production
Newsfile· 2025-02-05 13:34
Core Insights - Argo Gold Inc reported December 2024 oil production of 3,321 barrels, averaging 107 barrels per day, with oil prices averaging CDN$72 per barrel [1] - The company's oil revenue for December 2024 was $238,223, and net operating cash flow was $154,781 [1] Production Details - Lindbergh 1 produced 106 bbl/day, contributing $88,314 to revenue and $58,944 to net operating cash flow [1] - Lloyd 1, with an 18.75% interest, produced 158 bbl/day, generating $66,242 in revenue and $43,512 in cash flow [1] - Lindbergh 2 also at 37.5% interest produced 51 bbl/day, resulting in $42,760 in revenue and $26,905 in cash flow [1] - Lloyd 2 produced 9 bbl/day, contributing $3,838 to revenue and $332 to cash flow [1] - Lindbergh 3 produced 90 bbl/day, generating $37,069 in revenue and $25,088 in cash flow [1] January 2025 Production - Argo's oil production for January 2025 was approximately 3,554 barrels, averaging 115 barrels per day [1]
Argo Expands Mineral Claim Position in the Rottenstone Belt, Saskatchewan
Newsfile· 2025-01-30 15:04
Core Viewpoint - Argo Gold Inc. has expanded its mineral claims in the Rottenstone Belt, now totaling 26,600 hectares, and is positioned to advance mineral exploration in a historically underexplored area with promising geological indicators [1][4]. Company Developments - The company acquired an additional 4,608 hectares of mineral claims in the Rottenstone Belt, located 140 km north of La Ronge, Saskatchewan [1]. - Argo has completed a compilation of historic data on its mineral claims, identifying additional prospective exploration areas with anomalous gold, silver, and copper [4]. - The company has entered into a marketing contract for social media engagement, with an initial term of 90 days and a payment of CAD$15,000 [7]. Industry Context - The Rottenstone Belt has seen minimal exploration since the late 1960s, but recent exploration results have sparked renewed interest in the area [1]. - Historical mining in the region, particularly the Rottenstone Mine, produced significant quantities of nickel, copper, gold, and platinum group metals [2]. - Saskatchewan is ranked third globally for mineral exploration and mining investment attractiveness, providing a favorable environment for Argo's exploration activities [5].
Argo's November 2024 Oil Production
Newsfile· 2025-01-08 14:12
Company Overview - Argo Gold Inc. is a Canadian mineral exploration and development company, also involved in oil production [3] Oil Production Summary - In November 2024, Argo Gold produced a total of 3,597 barrels of oil, averaging 120 barrels per day [1] - The average oil price in November 2024 was CDN$72 per barrel, resulting in oil revenue of $258,042 and net operating cash flow of $153,014 [1] - December 2024 oil production was approximately 3,367 barrels, averaging 109 barrels per day [2] Production Breakdown - Lindbergh 1 (37.5% interest): 119 bbl/day production, $95,885 revenue, $66,832 net operating cash flow [1] - Lloyd 1 (18.75% interest): 159 bbl/day production, $64,230 revenue, $42,880 net operating cash flow [1] - Lindbergh 2 (37.5% interest): 65 bbl/day production, $52,177 revenue, $21,142 net operating cash flow [1] - Lloyd 2 (18.75% interest): 14 bbl/day production, $5,687 revenue, with a net operating cash flow of ($4,861) [1] - Lindbergh 3 (18.75% interest): 99 bbl/day production, $40,063 revenue, $27,021 net operating cash flow [1] Operational Challenges - Lloyd 2 experienced a collapse in the horizontal well bore, leading to a significant drop in production to near zero after producing about 8,000 barrels from mid-September to late October [1] - Repair attempts for the operational well in November and December have not been successful, resulting in very low production levels [1]
Here's Why Momentum in Arq, Inc. (ARQ) Should Keep going
ZACKS· 2025-01-07 14:51
Core Insights - The article emphasizes the importance of timing and sustainability in short-term investing, highlighting that while trends can be beneficial, ensuring their longevity is crucial for success [1][2]. Group 1: Stock Performance - Arq, Inc. (ARQ) has shown a solid price increase of 41.5% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also maintained a price increase of 4.2% over the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, ARQ is trading at 87.8% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - ARQ holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors seeking stocks with strong fundamentals and upward price momentum [3]. - The article suggests that there are multiple stocks passing through this screen, indicating a broader opportunity for trend investing [8].
Argo Acquires Additional Saskatchewan Uranium Claim
Newsfile· 2024-12-23 12:30
Toronto, Ontario--(Newsfile Corp. - December 23, 2024) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (FSE: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") (CSE: ARQ, OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS) has entered into an agreement to acquire an additional mineral claim in Saskatchewan pursuant to which Argo Gold can acquire a 100% interest in the Thunderclap mineral claim located in the Athabasca Basin which covers an area of 97 hectares for $1,000 in cash payable to the vendor. Argo ...
Argo Acquires Saskatchewan Uranium Mineral Claims
Newsfile· 2024-12-03 21:57
Toronto, Ontario--(Newsfile Corp. - December 3, 2024) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") has entered into two agreements to acquire additional mineral claims in Saskatchewan pursuant to which Argo Gold can acquire a 100% interest in certain mineral claims located in the Athabasca Basin: the Parker Lake claims, and the Thunderbolt and ZigZag claims, which altogether total 15,962 hectares and are considered prospective for uran ...
Arq(ARQ) - 2024 Q3 - Earnings Call Transcript
2024-11-09 21:15
Arq, Inc. (NASDAQ:ARQ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Anthony Nathan - Investor and Corporate Relations Robert Rasmus - Chief Executive Officer Stacia Hansen - Chief Accounting Officer Conference Call Participants Gerry Sweeney - ROTH MKM Graham Mattison - Water Tower Research Operator Hello and thank you for standing by. At this time, I'd like to welcome everyone to the Arq Third Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any ...
Argo's September 2024 Oil Production and Update
Newsfile· 2024-11-07 14:25
Toronto, Ontario--(Newsfile Corp. - November 7, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") September 2024 oil production was a total of 3,565 barrels for the month, averaging 118 barrels per day. Oil prices averaged CDN$68 per barrel and Argo's September oil revenue was $241,198 and net operating cash flow was $163,738.September 2024Oil ProductionArgo's interestArgo's Oil RevenueArgo's net operating cash flowLindbergh 1(37.5% ...
Arq, Inc. (ARQ) Misses Q3 Earnings Estimates
ZACKS· 2024-11-07 13:45
Arq, Inc. (ARQ) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.06, delivering a surprise of -20%.Over the last four quarters, the company has not been able t ...