(Alliance News) - Mycelx Technologies Corp on Monday said it expects to report a pretax profit in line with market expectations for 2024, while revenue is set to have outperformed. Read More
Mycelx Technologies Corp - Georgia, US-based clean water and air technology - Wins its second project with an unnamed Middle East producer for the treatment of produced water during enhanced oil recovery production, valued at around USD1.5 million. This follows the company's installation of its REGEN retro-fit package, one of the company's water treatment technology products, for the same producer in April. Chief Executive Officer Connie Mixon says: "We are pleased to have secured another project with this leading Middle East producer, which supports our view that the enhanced oil recovery production market will deliver significant growth opportunities for the business. These project wins highlight our strong technical position in water treatment where conventional methods of treatment are struggling to meet the needs of advanced oil production methods." Read More
Mycelx Technologies Corp - Georgia, US-based clean water and air technology - Raises about GBP700,000 from placing and subscription of 1.3 million new shares at 51.5 pence. The placing is run by Canaccord Genuity Ltd. The funds will be used to build equipment needed for trials of its water treatment technologies, PFAS and REGEN, as well as to hire staff to commercialise the PFAS remediation solution in the US. PFAS stands for per- and polyfluoroalkyl substances. "The directors anticipate that these initiatives will expedite participation in a greater number of trials that will accelerate contract wins," Mycelx says. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Mycelx Technology Corp on Thursday said it expects to see rising demand following a year of good progress. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - MyCelx Technology Corp on Thursday said it is "very pleased" with the US Environmental Protection Agency's publication of the first legally-enforceable national standards for drinking water. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Mycelx Technologies Corp - Georgia, US-based clean water and air technology - Announces award of a contract extension for wastewater treatment at a leading independent petrochemical facility in the Middle East. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Mycelx Technologies Corp - Georgia, US-based clean water and air technology - Reports pretax loss of USD3.6 million for 2022, more than trebled from USD1.1 million in 2021. Revenue grows 18% to USD10.0 million from USD8.5 million. Cost of goods sold increase to USD5.6 million from USD5.2 million, while selling, general & administrative expenses increase to USD7.6 million from USD6.9 million. Further, gain on sale of property and equipment falls to just USD2,000 from USD2.6 million in 2021. Looking ahead, Chair Tom Lamb says: "With our progress so far in 2023 and the favourable industry trends, we are optimistic about the growth prospects across the business for the remainder of the year." Read More
(Alliance News) - Mycelx Technologies Corp said on Monday that leach testing of perfluoroalkyl and poly-fluoroalkyl compounds media was "successful" and is in line with the US Environmental Protection Agency's water regulations. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Tuesday not separately reported by Alliance News: Read More
(Alliance News) - Mycelx Technologies Corp on Monday touted its continued development in the Middle East, following another sale to a national oil company in the region. Read More