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Midwest Energy Emissions Corp. provides patented, cost-effective mercury capture solutions to coal-fired power plants and industrial coal-burning units. The company's innovative technology allows compliance with strict mercury emission regulations without disrupting current operations, preserving the ability to recycle fly-ash for beneficial use. With a focus on continuous innovation, the company aims to deliver cutting-edge, cost-effective solutions for mercury emission control globally.
The latest news includes a significant debt repayment, the facilitation of stock sales, the introduction of new sorbent technologies, the commercialization of WE2C Environmental in 2025, and strong financial results for Q1 2024.
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ME2C Environmental Corp. CEO to Provide Corporate Update on Financial Results, Water Market, Rare Earth Extraction, and Revenue Projections for 2024 on April 15, 2024.
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ME2C Environmental to Host Investor Conference Call to Review 2023 Financial Results and Corporate Update
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Midwest Energy Emissions Corp. (MEEC) announces the facilitation of the sale of an initial block of shares for its principal financial partner, resulting in a credit of $960,000 against the outstanding principal balance of an unsecured note. The company has the ability to sell certain shares of common stock held by the lender through 2024, receiving dollar for dollar credits based on the sale amount. The recent private sale of restricted shares to unaffiliated third parties has led to the credit announcement. CEO Richard MacPherson highlights the debt reduction benefits and commitment to eliminating remaining debt obligations with the lender.
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Midwest Energy Emissions Corp. (MEEC) pays off secured debt, restructures remaining debt with financial partner. The company made a $9.0 million principal payment against its outstanding unsecured note, repaid $272,000 secured note, and negotiated a reduction in profit share. The remaining unsecured note balance will mature in six months. The restructuring allows the sale of certain shares of common stock and provides exclusive rights to facilitate the sale of the remaining balance of common stock held by the lender. CEO Richard MacPherson highlights the benefits of the debt restructuring.
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Midwest Energy Emissions Corp. (MEEC) grants nonqualified stock options to directors, officers, and employees to acquire 1,000,000 shares of common stock at $0.88 USD per share. Additionally, 50,000 restricted share units (RSUs) are granted to another director, vesting on January 15, 2025.
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ME2C Environmental (MEEC) engages new financial consulting firm, auditors, and appoints new CFO
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Midwest Energy Emissions Corp. (MEEC) reports strong cash position, positive working capital, and net cash provided by operating activities. With $2.5 million cash on hand, $1.7 million working capital, and $6.7 million Q3 2023 total revenues, the company shows promise despite a $739,000 reduction in Q3 2023 revenues compared to Q3 2022. Net cash provided by operating activities remains positive at $786,000 for the nine months ended September 30, 2023. The company's patent litigation settlements demonstrate recognition of its patented technologies, while it continues to pursue growth opportunities in the U.S. and international markets for mercury emissions, potable water, and rare earth element extraction.
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Midwest Energy Emissions Corp. (TSXV: MEEC) (OTCQB: MEEC) announces settlements validating patents, setting significant market value. The company will continue legal action against remaining defendants and issue legal notice to all infringing utilities. The CEO, Richard MacPherson, expressed satisfaction with the resolution of patent litigation with certain defendants and plans to pursue further discussions with coal-fired utilities operating their patented process. The settlements only cover refined coal operations and do not address ongoing use of patented technologies. The company will seek resolution with utilities continuing to operate their patented process without a license or supply agreement.
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ME2C Environmental reports strong liquidity and improved licensing revenues in Q2 2023. Cash on hand of $1.9 million and working capital of $1.7 million. Q2 total revenues of $4.1 million. Q2 Adjusted EBITDA positive $251,000. Technology licensing revenue increased by 165% or $386,000 for the six months ended June 30, 2023.
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FAQ
What is the current stock price of MIDWEST ENERGY EMISSION (MEEC)?
The current stock price of MIDWEST ENERGY EMISSION (MEEC) is $0.7243 as of October 15, 2024.
What is the market cap of MIDWEST ENERGY EMISSION (MEEC)?
The market cap of MIDWEST ENERGY EMISSION (MEEC) is approximately 67.9M.
What does Midwest Energy Emissions Corp. specialize in?
Midwest Energy Emissions Corp. specializes in providing patented, cost-effective mercury capture solutions to coal-fired power plants and industrial coal-burning units.
What is the focus of the company's proprietary technology?
The company's proprietary technology allows the global coal-power industry to comply with strict mercury emission regulations without disrupting current operations, preserving the ability to recycle fly-ash for beneficial use.
What is the company's vision?
The company's vision is to deliver cutting-edge, cost-effective solutions for mercury emission control to utility boilers worldwide, with a strong focus on continuous innovation.
What are some of the latest developments at Midwest Energy Emissions Corp.?
The latest developments include significant debt repayment, the facilitation of stock sales, the introduction of new sorbent technologies, the commercialization of WE2C Environmental in 2025, and strong financial results for Q1 2024.
How does the company plan to address PFAS removal from potable water?
The company has introduced WE2C Environmental to address PFAS removal from potable water, leveraging new sorbent technologies currently under development.
MIDWEST ENERGY EMISSION
OTC:MEEC
MEEC Rankings
MEEC Stock Data
67.91M
66.19M
21.49%
9.67%
Pollution & Treatment Controls
Industrials
United States of America
Corsicana