Amsterdam, 24 July 2024 — AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) will release its second quarter 2024 financial results on Wednesday, July 31, 2024, at approximately 18:00 CEST. AMG will host a conference call to discuss its financial results for the second quarter of 2024 at 09:00 CEST (08:00 BST / 3:00AM EDT) on Thursday, August 1, 2024.
Please connect approximately 10 minutes prior to the beginning of the call to ensure participation. The call-in information is as follows:
Toll-free number: 1-800-225-9448
Alternate (toll) number: 1-203-518-9708
United Kingdom: 44 0800 048 7798
Netherlands: 31 0800 022 9530
When prompted for the conference ID, tell the operator AMGQ224 and you will be directed onto the call. The conference call will be available on the website www.amg-nv.com within twenty-four hours following completion of the call.
About AMG
AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets.
AMG’s Lithium segment spans the lithium value chain, reducing the CO2 footprint of both suppliers and customers. AMG’s Vanadium segment is the world’s market leader in recycling vanadium from oil refining residues, spanning the Company’s vanadium, titanium, and chrome businesses. AMG’s Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company’s fast-growing LIVA batteries, and spans AMG’s mineral processing operations in graphite, antimony, and silicon metal.
With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, and Sri Lanka, and has sales and customer service offices in Japan (www.amg-nv.com).
For further information, please contact: AMG Critical Materials N.V.+1 610 975 4979 Michele Fischer mfischer@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking”. Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
Amsterdam, 3 July 2024 — AMG Critical Materials N.V.’s (“AMG”, EURONEXT AMSTERDAM: “AMG”) subsidiary Graphit Kropfmühl and BASF have entered into an innovative agreement to reduce their product carbon footprint. Under this agreement, BASF will supply renewable energy certificates (so called “Guarantees of Origin”) to Graphit Kropfmühl’s production site in Hauzenberg, Germany.
BASF supports Graphit Kropfmühl, a subsidiary of AMG Critical Materials N.V., with innovative renewable electricity concept:
BASF to supply renewable energy certificates to its supplier and partner Graphit Kropfmühl
Graphit Kropfmühl to reduce the product carbon footprint (PCF) of graphite produced in Hauzenberg, Germany, by at least 25 percent
BASF to use the reduced PCF graphite as raw material for Neopor® with a reduced product carbon footprint
A Guarantee of Origin (“GoO”) certifies that a given amount of power was produced in a particular renewable power plant, thus providing a tangible proof of the usage and source of the renewable power. By using these GoOs, the carbon footprint of graphite produced by Graphit Kropfmühl at the Hauzenberg site will be reduced by at least 25 percent. This graphite will then be used by BASF as a raw material for the production of Neopor®, which will therefore also have a lower product carbon footprint. BASF’s Neopor® is used as raw material for insulation products for buildings.
“With this innovative concept, we act hand in hand with our customers and beyond the boundaries of our own factory gates to effectively protect the climate. By deepening our collaboration with Graphit Kropfmühl, we are able to accelerate the journey towards net zero together,” said Horatio Evers, Managing Director of BASF Renewable Energy GmbH.
Yong Liu, Director of Global Direct Procurement Plastic Additives at BASF, added: “This is a win-win for BASF and Graphit Kropfmühl – a pragmatic approach with a positive impact that will strengthen our long-standing partnership with Graphit Kropfmühl and shows that we are pulling together when it comes to sustainability. Neopor® and Neopor® BMB are solutions with an oustanding insulation performance and sustainability profile. The use of graphite with a reduced product carbon footprint from our partner Graphit Kropfmühl is a consequent further step on our journey to net zero. BASF is also working on further such projects with other partners.”
“We are excited to deepen our partnership with BASF by reducing our product carbon footprint (PCF) by at least 25 percent and moving towards a more sustainable future together,” said Thomas Junker, CEO of Graphit Kropfmühl.
On its journey towards climate neutrality, BASF has set itself ambitious goals and is striving to achieve net zero CO2 emissions by 2050. One major lever to achieve these targets is the use of renewable power. BASF has therefore conducted significant investments into renewable power sources over the past years.
AMG was founded on the principle that CO2 abatement targets would create increased criticality for specialty materials. This strategic focus is encapsulated in the company’s Enabled CO2 Reduction Portfolio concept (“ECO2RP”) at the level of AMG’s customers. Its strategic focus is fully aligned with and supports the EU Taxonomy. As a subsidiary of AMG, Graphit Kropfmühl supports the parent company’s commitment to reduce its direct CO2 emissions by 20 percent from a baseline of 2019 until 2030. This corresponds to a total reduction of 125,000 tons of CO2.
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €68.9 billion in 2023. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.
About Graphit Kropfmühl (subsidiary of AMG Critical Materials N.V.)
Since its foundation more than 100 years ago, Graphit Kropfmühl has been synonymous with long-standing raw materials expertise. Graphit Kropfmühl extracts and refines natural graphite, processes and refines synthetic graphite and produces dispersions, pastes and lubricant premixes in powder form.
Around 340 employees worldwide work for Graphit Kropfmühl. The company is headquartered at its founding location in Kropfmühl, Germany, where graphite is mined underground and refined. Combined with a majority stake-holding in a graphite mine in Sri Lanka and with a refining plant in China, we ensure a consistent raw material supply. Since 2008, the company has been part of AMG Critical Materials N.V. and as a global expert in critical raw materials, it is at the cutting edge when it comes to technologies and high-quality products for reducing CO2 emissions. More information can be found at www.gk-graphite.com.
About AMG
AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets.
AMG’s Lithium segment spans the lithium value chain, reducing the CO2 footprint of both suppliers and customers. AMG’s Vanadium segment is the world’s market leader in recycling vanadium from oil refining residues, spanning the Company’s vanadium, titanium, and chrome businesses. AMG’s Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company’s fast-growing LIVA batteries, and spans AMG’s mineral processing operations in graphite, antimony, and silicon metal.
With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, and Sri Lanka, and has sales and customer service offices in Japan (www.amg-nv.com).
Media contacts:
AMG Critical Materials N.V. Michele Fischer Senior Vice President of Communications Phone: +1 610 975 4979 Email: mfischer@amg-nv.com
BASF Renewable Energy GmbH Philipp Pfefferle Head of Advocacy & Communication Phone: +49 151 1507 0683 Email: Philipp.pfefferle@basf.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking”. Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
Amsterdam, 30 April 2024 — AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) will release its first quarter 2024 financial results on Tuesday, May 7, 2024, at approximately 18:00 CEST. AMG will host a conference call to discuss its financial results for the first quarter of 2024 at 09:00 CEST (08:00 BST / 3:00AM EDT) on Wednesday, May 8, 2024.
Please connect approximately 10 minutes prior to the beginning of the call to ensure participation. The call-in information is as follows:
Toll-free number: 1-888-632-3384
Alternate (toll) number: 1-785-424-1794
United Kingdom: 44 0800 048 7798
Netherlands: 31 0800 022 9530
When prompted for the conference ID, tell the operator AMGQ124 and you will be directed onto the call. The conference call will be available on the website www.amg-nv.com within twenty-four hours following completion of the call.
About AMG
AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets.
AMG’s Lithium segment spans the lithium value chain, reducing the CO2 footprint of both suppliers and customers. AMG’s Vanadium segment is the world’s market leader in recycling vanadium from oil refining residues, spanning the Company’s vanadium, titanium, and chrome businesses. AMG’s Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company’s fast-growing LIVA batteries, and spans AMG’s mineral processing operations in graphite, antimony, and silicon metal.
With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer service offices in Japan (www.amg-nv.com).
For further information, please contact: AMG Critical Materials N.V.+1 610 975 4979 Michele Fischer mfischer@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking”. Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
Amsterdam, 15 April 2024 — AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that it has entered into a new $100 million incremental term loan, structured as a fungible add-on to the existing $350 million senior secured term loan. The $100 million incremental term loan has the same pricing, terms and 2028 maturity as the existing $350 million term loan. AMG will use the proceeds of the new incremental term loan for general corporate purposes and lithium resource development.
Moody’s Investors Service affirmed our Ba2 rating to the increased senior secured term loan, affirmed our B1 corporate family rating, and changed their outlook to stable from positive. S&P Global Ratings affirmed our BB- rating on the increased senior secured term loan, affirmed our B+ issuer credit rating, and revised their outlook to stable from positive.
The financing was well received in the debt markets, allowing AMG to secure attractive pricing while enhancing liquidity, improving flexibility and funding future growth opportunities.
HSBC Securities (USA) Inc. (“HSBC”) acted as lead left arranger and bookrunner on the transaction. The joint lead arrangers were HSBC and Citibank, N.A.
About AMG
AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets.
AMG’s Lithium segment spans the lithium value chain, reducing the CO2 footprint of both suppliers and customers. AMG’s Vanadium segment is the world’s market leader in recycling vanadium from oil refining residues, spanning the Company’s vanadium, titanium, and chrome businesses. AMG’s Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company’s fast-growing LIVA batteries, and spans AMG’s mineral processing operations in graphite, antimony, and silicon metal.
With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer service offices in Japan (www.amg-nv.com).
For further information, please contact: AMG Critical Materials N.V.+1 610 975 4979 Michele Fischer mfischer@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking”. Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
Amsterdam, 4 April 2024 — AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce the formation of NewMOX SAS, Grenoble, France, to service the nuclear fuel market. NewMOX is a subsidiary of ALD Vacuum Technologies GmbH, Hanau, Germany (“ALD”), AMG’s engineering subsidiary focused on vacuum furnace technology, which includes sintering furnace systems enabling the production of commercial nuclear fuel from plutonium and depleted uranium (termed “MOX”). ALD’s MOX technology has been applied in Germany, the United States, France, Belgium, the United Kingdom and recently ALD has been delivering such furnace systems to China. ALD – where D stands for Degussa – inherited the MOX technology from Degussa AG, ALD’s former owner (later renamed Evonik AG).
Presently, the total global storage of civil-use plutonium resulting from the reprocessing of used fuel from commercial nuclear power operations stands at 380 tons, and this figure continues to grow with ongoing nuclear power generation. Furthermore, if turned into electricity, this plutonium could power 36 one-gigawatt nuclear power plants for 20 years. Recycling this plutonium would result in “CO2 free” power and a saving of over 2 billion tons of CO2 if measured against a coal dominated grid. It should also be noted that the circularity associated with the conversion of plutonium into MOX reduces uranium mining and therefore further increases the attractiveness of nuclear power in CO2 terms.
The storage of plutonium is extremely costly due to the risks associated with plutonium. The conversion of plutonium into MOX fuel not only eliminates these risks but can be a commercially attractive alternative to storage. As an indicator, the conversion of 380 tons of plutonium into MOX translates at present fuel prices into a commercial value of $15 to $20 billion.
“We are excited that our furnace technology engineering excellence has created a new project which resulted in the formation of NewMOX SAS. We have appointed Serge Bertrand, head of ALD France, Grenoble, where ALD has centered its nuclear technology activities, to be CEO of NewMOX. Dr. Johannes Fachinger, head of nuclear ALD Hanau, will be Chief Technology Officer. Both gentlemen have extensive industry expertise, and most recently were in charge of implementing the MOX furnace technology in a Chinese factory,” said Michael Hohmann, ALD’s CEO.
“The NewMOX business model is simple,” said Dr. Heinz Schimmelbusch, AMG’s CEO. “There is a lot of plutonium stored and the operators of these storage facilities are seeking ways to reduce storage costs; there is the proven ALD MOX sinter furnace technology; and there is a large MOX market which will grow with the development of the emerging SMR (Small Modular Reactor) wave. It is the objective of NewMOX to form partnerships for the construction and operation of a commercial plutonium recycling facility producing MOX fuel starting with conceptual engineering and feasibility studies. This will take time, but this is a very valuable destination. And it qualifies under AMG’s “Double Materiality” standard which combines financial and environmental benefits.”
The declaration by the Dubai 23 conference COP 28 on Climate Change that the tripling of the world’s nuclear energy is essential for defeating Climate Change has opened a new and prospective page for the nuclear industry. This statement has been strengthened during the European Nuclear Summit in March 2024 in Brussels, where leaders of European countries and energy experts called for a “nuclear energy revival.”
For more information on AMG’s engineering subsidiary, visit their website at ald-vt.com.
About AMG
AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets.
AMG’s Lithium segment spans the lithium value chain, reducing the CO2 footprint of both suppliers and customers. AMG’s Vanadium segment is the world’s market leader in recycling vanadium from oil refining residues, spanning the Company’s vanadium, titanium, and chrome businesses. AMG’s Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company’s fast-growing LIVA batteries, and spans AMG’s mineral processing operations in graphite, antimony, and silicon metal.
With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer service offices in Japan (www.amg-nv.com).
For further information, please contact: AMG Critical Materials N.V.+1 610 975 4979 Michele Fischer mfischer@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking”. Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
Amsterdam, 27 March 2024 — AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) has published its Agenda and Explanatory Notes for the 2024 Annual General Meeting (“AGM”) which will take place on May 8, 2024 at the Hilton Hotel in Amsterdam.
The Agenda carries, amongst other items, the appointment of a new Management Board member. The Supervisory Board has resolved to expand the Management Board to four members, nominating Mr. Michael Connor to the Management Board as Chief Corporate Development Officer, for a term of four (4) years. This additional appointment is necessary due to the company’s current strategic project intensity, with the goal of ensuring effective capital allocation on a global level.
Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO commented “I am pleased to congratulate Michael on his nomination to the Management Board. I have worked closely with him since he joined the Company in 2010 and have seen firsthand his important contributions to AMG’s success. Michael’s extensive strategic, financial, and operational knowledge, as well as his leadership and management skills, will be invaluable assets to the Board. This updated Management Board complements the new corporate structure exceptionally well and helps ensure the Company will maintain its sound leadership into the future.”
The Agenda furthermore carries the reappointment of Mr. Jackson Dunckel (CFO) as a member of the Management Board for a term of four (4) years, and reappointment of Dr. Donatella Ceccarelli as a member of the Supervisory Board for a term of two (2) years. Given the rotation schedule of the Supervisory Board and the retirement of Professor Hanke and Mr. Depp in 2025, the Supervisory Board has resolved, in order to prepare for an orderly transition, to expand its resources in 2024 to create a Board with seven (7) members at the AGM in May 2024. The Supervisory Board is very pleased that Ms. Dagmar Bottenbruch is prepared to rejoin AMG’s Supervisory Board as an independent member, and to secure continuity given her past experience and successful track record as a Supervisory Board member and member of the Remuneration Committee until 2023. The Supervisory Board will therefore nominate Ms. Bottenbruch for appointment at the AGM on May 8, 2024 as an independent member of the Supervisory Board for a term of four (4) years.
Shareholders will have the option to exercise voting rights by providing voting instructions prior to the AGM in accordance with the (proxy) voting procedures.
The Agenda and Explanatory Notes, including instructions for shareholders to attend the meeting and/or to exercise their voting rights, are available to investors and other interested parties via the AMG website (www.amg-nv.com).
About AMG
AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets.
AMG’s Lithium segment spans the lithium value chain, reducing the CO2 footprint of both suppliers and customers. AMG’s Vanadium segment is the world’s market leader in recycling vanadium from oil refining residues, spanning the Company’s vanadium, titanium, and chrome businesses. AMG’s Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company’s fast-growing LIVA batteries, and spans AMG’s mineral processing operations in graphite, antimony, and silicon metal.
With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer service offices in Japan (www.amg-nv.com).
For further information, please contact: AMG Critical Materials N.V.+1 610 975 4979 Michele Fischer mfischer@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking”. Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
Amsterdam, 13 March 2024 — AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) has published its 2023 Annual Report.
The 2023 Annual Report is available to investors and other interested parties via the AMG website (www.amg-nv.com). Hard copies of the 2023 Annual Report can be requested by contacting AMG via email at info@amg-nv.com.
About AMG
AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets.
AMG’s Lithium segment spans the lithium value chain, reducing the CO2 footprint of both suppliers and customers. AMG’s Vanadium segment is the world’s market leader in recycling vanadium from oil refining residues, spanning the Company’s vanadium, titanium, and chrome businesses. AMG’s Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company’s fast-growing LIVA batteries, and spans AMG’s mineral processing operations in graphite, antimony, and silicon metal.
With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer service offices in Japan (www.amg-nv.com).
For further information, please contact: AMG Critical Materials N.V.+1 610 975 4979 Michele Fischer mfischer@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking”. Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
Amsterdam, 14 February 2024 — AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) will release its fourth quarter and full year 2023 financial results on Wednesday, February 21, 2024, at approximately 18:00 CET. AMG will host a conference call to discuss its financial results for the fourth quarter of 2023 at 19:00 CET (18:00 GMT / 1:00PM EST) on Wednesday, February 21, 2024.
Please connect approximately 10 minutes prior to the beginning of the call to ensure participation. The call-in information is as follows:
Toll-free number: 1-800-267-6316
Alternate (toll) number: 1-203-518-9783
United Kingdom: 44 0800 048 7798
Netherlands: 31 0800 022 9530
When prompted for the conference ID, tell the operator AMGQ423 and you will be directed onto the call. The conference call will be available on the website www.amg-nv.com within twenty-four hours following completion of the call.
About AMG
AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets.
AMG’s Lithium segment spans the lithium value chain, reducing the CO2 footprint of both suppliers and customers. AMG’s Vanadium segment is the world’s market leader in recycling vanadium from oil refining residues, spanning the Company’s vanadium, titanium, and chrome businesses. AMG’s Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company’s fast-growing LIVA batteries, and spans AMG’s mineral processing operations in graphite, antimony, and silicon metal.
With approximately 3,500 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer service offices in Japan (www.amg-nv.com).
For further information, please contact: AMG Critical Materials N.V.+1 610 975 4979 Michele Fischer mfischer@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking”. Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
Amsterdam, 5 February 2024 — AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that AMG Vanadium has acquired a suite of processing technologies and IP related activities from Transformation Technologies Inc. (“TTI”), a US-based company focused on the creation of green energy, green oil and recyclable metals.
TTI has developed a unique technology for thermal treatment of spent catalyst and other oil refinery wastes into valuable products which is highly complementary to AMG’s existing spent catalyst processing technology and know-how. AMG will integrate the TTI technology into its global strategic growth initiatives. AMG and TTI will also cooperate in market development areas where TTI has strong experience in the design and construction of plants using TTI technologies.
Thomas Centa, President of AMG Vanadium, commented, “This acquisition amplifies our leadership position in recycling refinery waste and further improves the value proposition we offer the global oil refining industry. By leveraging the synergies of TTI and AMG’s technologies, we can improve both the efficiency and CO2 footprint in our expanding global recycling operations which are conducted through our Shell & AMG Recycling joint venture.”
About Transformation Technologies Inc.
Transformation Technologies was incorporated in 2018 by merging three successful environmental technology companies. The companies all had over 25 years of experience in waste-to-energy, waste-to-beneficial use, and climate control technologies. The technologies created by all three companies were contributed and created the building blocks for a circular solutions company. The goal of the merging companies was to create solutions for environmental problems with an emphasis on recycling. All solutions created are from proven technologies that are componentized into process flows that leave a zero-waste footprint. The focus is the creation of green energy, green oil, and recyclable metals. Transformation Technologies has focused their efforts on green oil in the Middle East and Green Energy and Metals recycling in Asia.
About AMG
AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets.
AMG’s Lithium segment spans the lithium value chain, reducing the CO2 footprint of both suppliers and customers. AMG’s Vanadium segment is the world’s market leader in recycling vanadium from oil refining residues, spanning the Company’s vanadium, titanium, and chrome businesses. AMG’s Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company’s fast-growing LIVA batteries, and spans AMG’s mineral processing operations in graphite, antimony, and silicon metal.
With approximately 3,500 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer service offices in Japan (www.amg-nv.com).
For further information, please contact: AMG Critical Materials N.V.+1 610 975 4979 Michele Fischer mfischer@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking.” Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. These forward-looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward-looking statement is based.
Amsterdam, 27 December 2023 — AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that LIVA Power Management Systems GmbH (“LIVA”), a wholly owned subsidiary of AMG Critical Materials N.V. has agreed to acquire the Vanadium Redox Flow Battery (“VRFB”) activities from J.M. VOITH SE & CO. KG (“VOITH”).
VOITH has developed a unique technology for controlling and balancing large-scale high-voltage VRFB energy storage systems. The technology compliments LIVA´s large scale VRFB systems. LIVA will integrate this technology into its large-scale energy storage systems.
LIVA and VOITH will cooperate in their activities in the field of industrial and grid-scale energy storage systems in the future.
Volker Kölln, CEO of AMG LIVA, commented, “This acquisition is an important building block for LIVA to further expand the attractiveness of the VRFB technology. By integrating the VOITH IP, we can improve the energy efficiency of electricity storage while reducing system costs. Highly efficient and reliable mass energy storage systems are the key to the energy transition in industry and for grid management applications.”
About LIVA
LIVA Power Management Systems GmbH (‘LIVA’) as a subsidiary of AMG Critical Materials NV is active in the B2B market for industrial and large-scale energy storage systems (4.0-100+MWh) for demand & supply side power management to reduce energy costs and CO2 emissions. LIVA builds custom-tailored hybrid energy storage systems (Hybrid-ESS) for realizing the industrial energy transition.
LIVA combines Li-Ion- and Vanadium Redox Flow battery technologies with sophisticated operating software to create a virtual Hybrid-ESS with enhanced properties for heavy duty industrial applications. The LIVA ecosystem simulates and operates stationary large scale as well as further energy assets like Power-to-Gas or Power-to-heat facilities with artificial intelligent (AI) routines and self-learning algorithms. Besides maximizing efficiency, safety and lifetime of the batteries, the system enables the economic integration of sector coupling strategies with renewable energies and green hydrogen.
About VOITH
The Voith Group is a global technology company. With its broad portfolio of systems, products, services, and digital applications, Voith sets standards in the markets of energy, paper, raw materials and transport & automotive. Founded in 1867, the company today has around 22,000 employees, sales of €5.5 billion and locations in more than 60 countries worldwide and is thus one of the larger family-owned companies in Europe. Voith Hydro Division is part of the Voith Group and a leading full-line supplier and reliable partner for hydropower plant equipment. Voith develops customized long-term solutions and services for large and small hydropower plants all over the world. Its range of products and services covers the entire life cycle and all the main components for large and small hydropower plants, from generators, turbines, pumps, and automation systems to spare parts, maintenance and training services and digital solutions for intelligent hydropower.
About AMG
AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets.
AMG Clean Energy Materials segment combines AMG’s recycling and mining operations, producing materials for infrastructure and energy storage solutions while reducing the CO2 footprint of both suppliers and customers. AMG Clean Energy Materials segment spans the vanadium, lithium, and tantalum value chains. AMG Critical Materials Technologies segment combines AMG’s leading vacuum furnace technology line with high-purity materials serving global leaders in the aerospace sector. AMG Critical Minerals segment consists of AMG’s mineral processing operations in antimony, graphite, and silicon metal.
With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer service offices in Japan (www.amg-nv.com).
For further information, please contact: AMG Critical Materials N.V.+1 610 975 4979 Michele Fischer mfischer@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking.” Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. These forward-looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward-looking statement is based.
