VANCOUVER, BC / ACCESS Newswire / March 11, 2025 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) ("Klondike Gold" or the "Company") announces that effective March 9, 2025, it has entered into a mining lease and option to purchase agreement (the "Agreement") with Armstrong Mining Corp. ("Armstrong"), granting to Armstrong a 6 year lease with option to purchase 100% of Klondike's Montana Creek (surface gravel alluvial gold) placer property (the "Montana Creek Placer Property" or the "Property") comprised of 239 placer claims covering 13.4 square kilometers located near Dawson City, Yukon. The Montana Creek Placer Property is a non-core asset and peripheral to the Company's district spanning 729 square kilometer bedrock gold advanced exploration property (see Figure 1).
Fourth quarter 2024 net loss of $40.7 million, or basic loss per common share of $0.47 per share Fourth quarter 2024 Adjusted EBITDA of $56.6 million Announces sale of Royal Purple® industrial business for $110 million Montana Renewables received initial funds from U.S. Department of Energy ("DOE") loan in February 2025 Specialties business posts record sales volume and cost improvement in 2024 INDIANAPOLIS , Feb. 28, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) today reported results of Calumet, Inc. (the "Company," "Calumet," "we," "our" or "us") for the fourth quarter ended December 31, 2024, as follows: Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 (Dollars in millions, except per share/unit data) Net income (loss) $ (40.7) $ (48.0) $ (222.0) $ 48.1 Basic earnings (loss) per common share/unit $ (0.47) $ (0.59) $ (2.67) $ 0.59 Adjusted EBITDA $ 56.6 $ 39.7 $ 194.8 $ 260.5 Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, 2024 2023 2024 2023 2024 2023 (Dollars in millions, except per barrel data) Gross profit (loss) $ 62.3 $ 88.1 $ 25.2 $ 16.1 $ (3.9) $ (82.1) Adjusted gross profit (loss) $ 50.6 $ 69.6 $ 25.7 $ 16.5 $ 19.1 $ (19.3) Adjusted EBITDA $ 43.4 $ 75.6 $ 16.3 $ 6.1 $ 10.9 $ (25.8) Gross profit (loss) per barrel $ 11.00 $ 16.11 $ 170.27 $ 135.29 $ (1.87) $ (45.76) Adjusted gross profit (loss) per barrel $ 8.93 $ 12.73 $ 173.65 $ 138.66 $ 9.15 $ (10.76) Specialty Products and Solutions Performance Brands Montana/Renewables Year Ended December 31, Year Ended December 31, Year Ended December 31, 2024 2023 2024 2023 2024 2023 (Dollars in millions, except per barrel data) Gross profit (loss) $ 189.0 $ 402.2 $ 95.3 $ 82.1 $ (53.5) $ (32.6) Adjusted gross profit $ 214.5 $ 291.0 $ 98.6 $ 78.5 $ 51.9 $ 59.8 Adjusted EBITDA $ 193.6 $ 251.2 $ 57.4 $ 47.9 $ 16.7 $ 30.2 Gross profit (loss) per barrel $ 8.26 $ 18.73 $ 152.24 $ 160.35 $ (6.14) $ (4.56) Adjusted gross profit per barrel $ 9.38 $ 13.56 $ 157.51 $ 153.32 $ 5.95 $ 8.36 "The past twelve months of strategic activity at Calumet has fundamentally reset the company's foundation," said Todd Borgmann, CEO. "Successfully completing the conversion to a C-Corporation, receiving the first DOE funding under the new administration, derisking Montana Renewables operations, and continuing to widen the competitive moat around our Specialties business positions the company to succeed against our top priority of deleveraging the balance sheet and growing cash flows.
Initial loan proceeds of $782 million funded today Balance of proceeds to be funded during planned expansion from 2025 through 2028 DOE loan guarantee facilitates expansion of Sustainable Aviation Fuel capacity to 300 million gallons per year INDIANAPOLIS , Feb. 18, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet," "we," "our" or "us") announced today that Montana Renewables, LLC, an unrestricted subsidiary of Calumet ("Montana Renewables" or "MRL"), has received its first drawdown of approximately $782 million from its $1.44 billion guaranteed loan facility with the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO"). The loan funds the construction and expansion of the renewable fuels facility owned by Montana Renewables.
Vancouver, BC, Feb. 18, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) (“American Tungsten” or the “Company”) is pleased to announce that it has entered into a non-binding letter of availability (the “LOA”) with Contact Mining Company (“Contact Mining”) to potentially process and mill the Company's tungsten mineralized material at the Contact Mill in Philipsburg, Montana. The Contact Mill has a 1,000 ton per day milling capacity and a Knelson Gravity Concentrator for minerals that respond to gravity separation, such as scheelite and hubnerite tungsten bearing phases characteristic of IMA Mine mineralization.
INDIANAPOLIS , Jan. 28, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet," the "Company," "we," "our" or "us") has been informed by the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") that the first tranche of approximately $782 million under the guaranteed loan facility that was previously approved for funding today, January 28, will undergo a tactical delay to confirm alignment with White House priorities. The loan facility, which closed on January 10, will fund the construction and expansion of the renewable fuels facility in Great Falls, Montana, owned by Montana Renewables, LLC ("Montana Renewables" or "MRL"), an unrestricted subsidiary of Calumet.
Initial loan proceeds of $782 million expected to be funded this month and balance of proceeds funded through planned construction period DOE loan guarantee facilitates expansion of Sustainable Aviation Fuel capacity to 300 million gallons per year INDIANAPOLIS , Jan. 10, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet," "we," "our" or "us") announced today the closing of a $1.44 billion guaranteed loan facility with the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO"). The loan will fund the construction and expansion of the renewable fuels facility owned by Montana Renewables, LLC ("Montana Renewables" or "MRL"), an unrestricted subsidiary of Calumet.
AUSTIN, Texas , Jan. 7, 2025 /PRNewswire/ -- Laredo Oil, Inc. ("Laredo Oil") (OTC Pink Sheets: LRDC), an oil exploration and production company with over 30,000 net acres of mineral rights in the West Fork field located north of the Fort Peck reservation in Montana, today announced that it has initiated preparations to drill the first of three planned exploratory wells in the field. Mark See, Chairman and CEO of Laredo Oil, commented "As previously reported, we are raising up to $7.5 million to drill three exploratory oil wells located in the West Fork prospect field.
WHITE SULPHUR SPRINGS, Mont., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. (“Sandfire America” or the “Company”) announces a positive ruling for the Company by the Montana Supreme Court upholding a 2023 District Court decision regarding the water rights related to Tintina Montana Inc.'s Mine Operating Permit, of the Black Butte Copper Project.
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus has appointed Greg Montana to its board of directors.
BOZEMAN, Montana--(BUSINESS WIRE)---- $AUR #aurora--Aurora Innovation, Inc. (NASDAQ: AUR), a leader in autonomous trucking technology, today announced the opening of its new 78,000 square-foot office and testing facility in Bozeman, Montana. Located on Montana State University's Innovation Campus, the space builds upon the university's 30-year history of producing industry-leading photonics engineers and innovations. Inaugurated today with a ribbon-cutting ceremony attended by state elected officials, regulator.