AMG Advanced Metallurgical Group N.V. Update on Long-term Financial Target
(Regulated Information) - AMG Advanced Metallurgical Group N.V. ( AMG , EURONEXT AMSTERDAM: AMG ) is pleased to announce that during its Annual Meeting held virtually on May 6, 2021, Dr. Heinz Schimmelbusch, CEO and Chairman of the Management Board, presented a comprehensive update on the Company s strategic growth projects, including guidance on AMG s long-term financial target.
Based on the growth opportunities that exist throughout AMG s portfolio, in particular AMG Clean Energy Materials spent catalyst recycling expansion and lithium value chain projects, AMG expects to deliver an EBITDA level of $350 million, or more, in the next five years or less.
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(Regulated Information) - AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that during its Annual General Meeting held virtually on May 6, 2021, shareholders approved all agenda items presented, including the reappointment of Dr. Heinz Schimmelbusch as Chief Executive Officer and Chairman of the Management Board for an additional term of two years, with effect from May 6, 2021. In addition, Mr. Eric Jackson was reappointed as Chief Operating Officer and member of the Management Board for a term of 4 years, with effect from May 6, 2021.
During the meeting, Mr. Willem van Hassel and Mr. Herb Depp were reappointed as independent members of the Supervisory Board for terms of four years and two years, respectively, beginning May 6, 2021.
AMG Advanced Metallurgical Group N.V. Reports First Quarter 2021 Results
Coronavirus Update
As of today, out of over 3,000 employees we have 9 active confirmed coronavirus cases globally. AMG has not experienced any coronavirus related fatalities, and our current cases have not resulted in a facility closure or operational interruption. AMG continues to implement preventive measures such as practicing social distancing, remote working when possible, and restrictions on travel to protect the health and safety of our employees.
Strategic Highlights
The construction of AMG s second ferrovanadium plant in Zanesville, Ohio is proceeding as planned. As of April 22, 2021, AMG Vanadium had committed $257 million in construction and engineering contracts. All significant contracts for the project have now been committed and signed.
AMG Advanced Metallurgical Group N.V. Reports First Quarter 2021 Results
Coronavirus Update
As of today, out of over 3,000 employees we have 9 active confirmed coronavirus cases globally. AMG has not experienced any coronavirus related fatalities, and our current cases have not resulted in a facility closure or operational interruption. AMG continues to implement preventive measures such as practicing social distancing, remote working when possible, and restrictions on travel to protect the health and safety of our employees.
Strategic Highlights
The construction of AMG’s second ferrovanadium plant in Zanesville, Ohio is proceeding as planned. As of April 22, 2021, AMG Vanadium had committed $257 million in construction and engineering contracts. All significant contracts for the project have now been committed and signed.