Fourth quarter 2020 revenue was $326 million, 3% lower than the $334 million reported in the fourth quarter of 2019. Adjusted EBITDA1 in the fourth quarter of
3 Fast-Growing Earnings Stocks yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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Daniel S. Jaffee, President and Chief Executive Officer, stated, “We delivered another solid quarter of topline growth and set a record for second quarter consolidated net sales. This successful performance demonstrates our dedicated focus on two primary growth drivers of our business, mineral-based animal feed additives and lightweight cat litter. With the addition of new leadership, sales personnel, and a renewed marketing strategy, we experienced a significant increase in demand for our animal health products. Our lightweight cat litter continued to gain traction with consumers as sales in this segment also increased in the second quarter compared to last year. While these and other areas of our product portfolio demonstrated strong revenue gains, we were met with several market challenges. Higher commodity prices as well as increased freight costs adversely impacted our gross margin. These headwinds, paired with ongoing COVID-19 impacts and increased investment spending i
Hemisphere Energy Corporation: Hemisphere Energy Grows Proved Reserves by 18% and Proved Plus Probable Reserves by 22% finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
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Lithium Americas owns 49% of the Argentine project. China’s largest lithium company, Ganfeng Lithium, owns the balance. Cauchari-Olaroz is forecasted to produce 40,000 tonnes of battery-grade lithium carbonate annually for 40 years. Offtake agreements are in place for 90%+ of production. Total construction costs should be around US$565 million. About US$388 million of those expenditures were incurred through December 31, 2020, up from US$347 million as of September 30, 2020.
Cauchari-Olaroz Lithium Brine Project
Successful Equity Offering
In January 2021, Lithium Americas raised a net US$377 million by selling 18.2 million shares of common stock at US$22 per share in an underwritten public offering. The company will utilize this sum, together with the US$148 million of cash on its balance sheet and US$184 million of undrawn credit facilities, to fund the construction of Cauchari-Olaroz and its 100%-owned Thacker Pass battery-grade lithium carbonate project in Nevada. (I