PureCycle Technologies, Inc. - Common stock (PCT)

ORLANDO, FL / ACCESS Newswire / February 5, 2025 / PureCycle Technologies, Inc. (Nasdaq:PCT), today, entered into a transaction anchored by Pleiad Investment Advisors Limited, with participation from Sylebra Capital Management, and Samlyn Capital, LLC to raise gross proceeds of $33 million. PureCycle anticipates that the transaction will close on February 6, 2025.

ORLANDO, FL / ACCESS Newswire / January 21, 2025 / PureCycle Technologies, Inc. (NASDAQPCT), today, announced the initial sale of nearly 500,000 pounds of resin to Drake Extrusion Inc. (Drake) for the production of continuous filament yarns, which could be used to make items such as rugs, upholstery, and apparel. Drake is North America's leading manufacturer of colored filament yarn, and staple fiber.

ORLANDO, FL / ACCESSWIRE / November 7, 2024 / PureCycle Technologies, Inc. (Nasdaq:PCT), a U.S.-based company revolutionizing plastic recycling, today, announced a corporate update for the third quarter ending September 30, 2024.

PureCycle Technologies has provided over triple bagger returns in 2024. So, what does this basic materials company do, and where can it go from here?

ORLANDO, FL / ACCESSWIRE / October 24, 2024 / PureCycle Technologies, Inc. (Nasdaq:PCT), a U.S.-based company revolutionizing plastic recycling, will host a conference call on Thursday, November 7, 2024, to provide an update on recent corporate developments. A press release discussing such developments and other activity from the third quarter will be provided prior to the conference call.

IRONTON, OH / ACCESSWIRE / September 16, 2024 / PureCycle Technologies, Inc. (Nasdaq:PCT), today, announced that the Company's flagship facility in Ironton, Ohio processed more than one million pounds of feedstock over a consecutive seven-day span.

Ironton Facility Reaches Feed Rate of 10,000 Pounds Per Hour; Processes Over 200,000 Pounds in One Day

ORLANDO, FL / ACCESSWIRE / June 4, 2024 / PureCycle Technologies, Inc. (Nasdaq:PCT) is scheduled to participate in Stifel's upcoming investor conference on June 5. Details and the link to participate are below:

IRONTON, OH / ACCESSWIRE / June 3, 2024 / PureCycle Technologies, Inc. (Nasdaq: PCT), today, announced that the Company's flagship purification facility in Ironton, Ohio is demonstrating improved reliability and product quality since resuming operations.

IRONTON, OH / ACCESSWIRE / July 26, 2024 / PureCycle Technologies, Inc. (Nasdaq:PCT), a U.S.-based company revolutionizing plastic recycling, will host a conference call on Thursday, August 8, 2024, to provide an update on recent corporate developments. A press release discussing such developments and other activity from the second quarter will be provided prior to the conference call.

IRONTON, OH / ACCESSWIRE / July 17, 2024 / PureCycle Technologies, Inc. (NASDAQPCT) today, announced the successful manufacturing of multiple recycled compounds that were produced with PureCycle resin. The compounds include varying levels of PureCycle resin that is blended with either post-industrial recycled material or virgin polypropylene (PP).

IRONTON, OH / ACCESSWIRE / July 11, 2024 / PureCycle Technologies, Inc. (NASDAQPCT), today, announced a successful trial run with MiniFIBERS and Beverly Knits, resulting in the production of several high-quality product samples. MiniFIBERS, a leading manufacturer of specialty fiber products, used PureCycle resin produced from post-consumer recycled (PCR) waste to create fiber packages. These packages were then sent to Beverly Knits, a U.S. textile manufacturer, and used to produce textiles for a broad range of markets including home goods, automotive applications, industrial solutions, and apparel products. These initial product samples are designed to allow brand owners to feel confident that there will be no compromise in quality when they introduce PureCycle resin into their products.

IRONTON, OH / ACCESSWIRE / July 2, 2024 / PureCycle Technologies, Inc. (NASDAQPCT), today, provided an update on the Company's flagship purification facility in Ironton, Ohio. Since resuming operations on May 30, the company has produced more than 1.1 million pounds of pellets. Approximately 800,000 pounds were produced by June 10 and the Company spent the rest of the month primarily focused on commissioning the co-product two (CP2) system.

EQNX::TICKER_START (NASDAQGWAV),NYSE:NVRINYSENVRI)(NASDAQ:PCTNASDAQPCT,(NASDAQ:STLDNASDAQ),(NASDAQ:SRCLSRCL) EQNX::TICKER_END

ORLANDO, FL / ACCESSWIRE / May 7, 2024 / PureCycle Technologies, Inc. (NASDAQPCT), a U.S.-based company revolutionizing plastic recycling, today, announced a corporate update for the first quarter ending March 31, 2024.

PALM BEACH, Fla., June 18, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The Metal Recycling industry is a strong market across the globe. A report from Market Research Future projected that the Metal Recycling Market Size, which was valued at USD 54200.2 million in 2023, is projected to grow from USD 58800.4 million in 2024 to USD 105100.8 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.50% during the forecast period (2024 - 2032). Increasing awareness regarding the depletion of metal reserves and the stringent regulations imposed by the government regarding metal mining are the key market drivers enhancing the market for global metal recycling. The report said: “The rise in construction activities across various regions, such as Europe and Asia-Pacific, is expected to fuel the metal recycling market growth. The rapid economic growth brought on by increased urbanization and industrialization increases demand for the market for metal recycling. Therefore, rapid urbanization leads to higher government and consumer spending on infrastructure and housing, which positively impacts market growth. In addition, recycling metals help the industry create jobs and contribute to the country's economy. For instance, an industry that generates $236 billion in revenue annually in the US employs over a million people.” Active companies in the markets this week include Greenwave Technology Solutions, Inc. (NASDAQGWAV), Enviri Corporation NYSE: NVRINYSENVRI)(NASDAQ: PCTNASDAQPCT, Steel Dynamics, Inc. (NASDAQ: STLDNASDAQ), Stericycle, Inc. (NASDAQ: SRCLSRCL).

ORLANDO, FL / ACCESSWIRE / June 11, 2024 / PureCycle Technologies, Inc. (NASDAQPCT), today, announced the receipt of a Letter of No Objection (LNO) from the United States Food & Drug Administration (FDA) confirming that the Company's PureFive™ Ultra-Pure Recycled resin is suitable for use in food-contact applications.

ORLANDO, FL / ACCESSWIRE / April 23, 2024 / PureCycle Technologies, Inc. (NASDAQPCT), a U.S.-based company revolutionizing plastic recycling, will host a conference call on Tuesday, May 7, 2024, to provide an update on recent corporate developments. A press release discussing such developments and other activity from the first quarter will be provided prior to the conference call.

ORLANDO, FL / ACCESSWIRE / March 5, 2024 / PureCycle Technologies, Inc. (NASDAQPCT), a U.S.-based company revolutionizing plastic recycling, today, announced a corporate update for the fourth quarter and fiscal year ending December 31, 2023.

(This release corrects the release that was posted earlier on February 27, 2024 to update the links)

IRONTON, OH / ACCESSWIRE / March 28, 2024 / PureCycle Technologies, Inc. (NASDAQPCT), today, announced that its flagship purification facility in Ironton, Ohio will begin a scheduled operational pause on April 1, 2024. During the pause, several improvements will be made to the facility with the goal of increasing reliability and driving more consistent product quality.

ORLANDO, FL / ACCESSWIRE / March 13, 2024 / PureCycle Technologies, Inc. (NASDAQPCT) and Churchill Container, today, announced the successful manufacturing of a polypropylene cup made with 50% PureCycle resin. Churchill Container produces rigid plastic cups for clients in the sports, theater and restaurant industries.

ORLANDO, FL / ACCESSWIRE / February 20, 2024 / PureCycle Technologies, Inc. (NASDAQPCT), today, announced the appointment of Jaime Vasquez as the company's new Chief Financial Officer. Vasquez brings more than 20 years of experience as a financial executive to the role and most recently served as Chief Financial Officer at C&D Technologies.

ORLANDO, FL / ACCESSWIRE / February 7, 2024 / PureCycle Technologies, Inc. (Nasdaq:PCT), a U.S.-based company revolutionizing plastic recycling, will host a conference call on Thursday, February 29, 2024, to provide an update on recent corporate developments. A press release discussing such developments and other activity from the fourth quarter will be provided prior to the conference call.

ORLANDO, FL / ACCESSWIRE / February 5, 2024 / PureCycle Technologies, Inc. (Nasdaq:PCT) (the "Company"), today announced that PureCycle: Ohio LLC ("PCO"), an indirect subsidiary of the Company, has reached an agreement in principle with holders of a majority (the "Majority Holders") of the Southern Ohio Port Authority Exempt Facility Revenue Bonds (PureCycle Project), Tax-Exempt Series 2020A (the "Series 2020A Bonds"), of which $219,550,000 principal amount is outstanding, to purchase for cash (the "Purchase"), at a purchase price equal to $1,030 per $1,000 principal amount of Bonds (as defined below) purchased (the "Purchase Price"). In addition to the Majority Holders, additional holders of the Series 2020A Bonds may participate in the Purchase.